UNITEDHEALTH GROUP INC (UNH)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue113,161,000,000$111,616,000,000$109,575,000,000$100,807,000,000$100,820,000,000$98,855,000,000$99,796,000,000$94,427,000,000$92,361,000,000$92,903,000,000$91,931,000,000$82,787,000,000$80,894,000,000$80,332,000,000$80,149,000,000$73,743,000,000$72,337,000,000$71,321,000,000$70,196,000,000$65,467,000,000$65,115,000,000$62,138,000,000$64,421,000,000$60,901,000,000$60,351,000,000$60,595,000,000$60,308,000,000$58,417,000,000$56,556,000,000$56,086,000,000$55,188,000,000$52,061,000,000$50,322,000,000$50,053,000,000$48,723,000,000$47,535,000,000$46,293,000,000$46,485,000,000$44,527,000,000$43,599,000,000$41,489,000,000$36,263,000,000$35,756,000,000$33,433,000,000$32,759,000,000$32,574,000,000$31,708,000,000$31,117,000,000$
QoQ%1.38%1.86%8.70%(.01%)1.99%(.94%)5.69%2.24%(.58%)1.06%11.05%2.34%.70%.23%8.69%1.94%1.43%1.60%7.22%.54%4.79%(3.54%)5.78%.91%(.40%).48%3.24%3.29%.84%1.63%6.01%3.46%.54%2.73%2.50%2.68%(.41%)4.40%2.13%5.09%14.41%1.42%6.95%2.06%.57%2.73%1.90%1.61%
YoY%12.24%12.91%9.80%6.76%9.16%6.41%8.56%14.06%14.18%15.65%14.70%12.26%11.83%12.63%14.18%12.64%11.09%14.78%8.96%7.50%7.89%2.55%6.82%4.25%6.71%8.04%9.28%12.21%12.39%12.05%13.27%9.52%8.70%7.68%9.42%9.03%11.58%28.19%24.53%30.41%26.65%11.33%12.77%7.44%6.97%7.12%4.51%8.16%
Cost Of Revenue12,566,000,000$13,019,000,000$12,390,000,000$12,464,000,000$11,834,000,000$11,340,000,000$11,056,000,000$10,194,000,000$9,423,000,000$9,748,000,000$9,405,000,000$8,314,000,000$8,306,000,000$8,596,000,000$8,487,000,000$8,000,000,000$7,802,000,000$7,660,000,000$7,572,000,000$7,622,000,000$7,935,000,000$7,501,000,000$7,687,000,000$6,511,000,000$6,627,000,000$7,598,000,000$7,381,000,000$7,625,000,000$6,718,000,000$6,471,000,000$6,184,000,000$6,479,000,000$6,068,000,000$5,889,000,000$5,676,000,000$6,308,000,000$6,125,000,000$6,106,000,000$5,877,000,000$7,856,000,000$6,112,000,000$1,124,000,000$1,114,000,000$1,050,000,000$955,000,000$929,000,000$892,000,000$809,000,000$
Gross Profit100,595,000,000$98,597,000,000$97,185,000,000$88,343,000,000$88,986,000,000$87,515,000,000$88,740,000,000$84,233,000,000$82,938,000,000$83,155,000,000$82,526,000,000$74,473,000,000$72,588,000,000$71,736,000,000$71,662,000,000$65,743,000,000$64,535,000,000$63,661,000,000$62,624,000,000$57,845,000,000$57,180,000,000$54,637,000,000$56,734,000,000$54,390,000,000$53,724,000,000$52,997,000,000$52,927,000,000$50,792,000,000$49,838,000,000$49,615,000,000$49,004,000,000$45,582,000,000$44,254,000,000$44,164,000,000$43,047,000,000$41,227,000,000$40,168,000,000$40,379,000,000$38,650,000,000$35,743,000,000$35,377,000,000$35,139,000,000$34,642,000,000$32,383,000,000$31,804,000,000$31,645,000,000$30,816,000,000$30,308,000,000$
Gross Margin88.90%88.34%88.69%87.64%88.26%88.53%88.92%89.20%89.80%89.51%89.77%89.96%89.73%89.30%89.41%89.15%89.21%89.26%89.21%88.36%87.81%87.93%88.07%89.31%89.02%87.46%87.76%86.95%88.12%88.46%88.80%87.56%87.94%88.23%88.35%86.73%86.77%86.87%86.80%81.98%85.27%96.90%96.88%96.86%97.09%97.15%97.19%97.40%
Operating Expenses96,280,000,000$93,447,000,000$88,066,000,000$80,570,000,000$80,278,000,000$79,640,000,000$80,809,000,000$76,544,000,000$74,412,000,000$75,098,000,000$74,440,000,000$67,582,000,000$65,126,000,000$64,604,000,000$64,712,000,000$60,202,000,000$58,823,000,000$57,683,000,000$55,885,000,000$54,328,000,000$52,529,000,000$45,396,000,000$51,738,000,000$49,295,000,000$48,710,000,000$48,253,000,000$48,095,000,000$46,295,000,000$45,248,000,000$45,411,000,000$44,951,000,000$41,605,000,000$40,166,000,000$40,433,000,000$39,634,000,000$38,040,000,000$36,588,000,000$37,176,000,000$35,690,000,000$33,275,000,000$32,359,000,000$32,244,000,000$32,002,000,000$29,618,000,000$28,901,000,000$29,093,000,000$28,762,000,000$27,856,000,000$
Operating Income4,315,000,000$5,150,000,000$9,119,000,000$7,773,000,000$8,708,000,000$7,875,000,000$7,931,000,000$7,689,000,000$8,526,000,000$8,057,000,000$8,086,000,000$6,891,000,000$7,462,000,000$7,132,000,000$6,950,000,000$5,541,000,000$5,712,000,000$5,978,000,000$6,739,000,000$3,517,000,000$4,651,000,000$9,241,000,000$4,996,000,000$5,095,000,000$5,014,000,000$4,744,000,000$4,832,000,000$4,497,000,000$4,590,000,000$4,204,000,000$4,053,000,000$3,977,000,000$4,088,000,000$3,731,000,000$3,413,000,000$3,187,000,000$3,580,000,000$3,203,000,000$2,960,000,000$2,468,000,000$3,018,000,000$2,895,000,000$2,640,000,000$2,765,000,000$2,903,000,000$2,552,000,000$2,054,000,000$2,452,000,000$
Operating Margin3.81%4.61%8.32%7.71%8.64%7.97%7.95%8.14%9.23%8.67%8.80%8.32%9.22%8.88%8.67%7.51%7.90%8.38%9.60%5.37%7.14%14.87%7.76%8.37%8.31%7.83%8.01%7.70%8.12%7.50%7.34%7.64%8.12%7.45%7.01%6.71%7.73%6.89%6.65%5.66%7.27%7.98%7.38%8.27%8.86%7.83%6.48%7.88%
Interest Income
Interest Expenses1,003,000,000$1,027,000,000$998,000,000$1,003,000,000$1,074,000,000$985,000,000$844,000,000$830,000,000$834,000,000$828,000,000$754,000,000$676,000,000$516,000,000$467,000,000$433,000,000$431,000,000$422,000,000$410,000,000$397,000,000$401,000,000$395,000,000$430,000,000$437,000,000$437,000,000$449,000,000$418,000,000$400,000,000$374,000,000$353,000,000$344,000,000$329,000,000$308,000,000$294,000,000$301,000,000$283,000,000$268,000,000$269,000,000$271,000,000$259,000,000$260,000,000$229,000,000$151,000,000$150,000,000$151,000,000$152,000,000$155,000,000$160,000,000$176,000,000$
Income Before Tax3,229,000,000$4,082,000,000$8,106,000,000$6,791,000,000$7,614,000,000$5,665,000,000$1,000,000$6,859,000,000$7,692,000,000$7,229,000,000$7,332,000,000$6,215,000,000$6,946,000,000$6,665,000,000$6,517,000,000$5,110,000,000$5,290,000,000$5,568,000,000$6,342,000,000$3,116,000,000$4,256,000,000$8,811,000,000$4,559,000,000$4,658,000,000$4,565,000,000$4,326,000,000$4,432,000,000$4,123,000,000$4,237,000,000$3,860,000,000$3,724,000,000$3,669,000,000$3,794,000,000$3,430,000,000$3,130,000,000$2,919,000,000$3,311,000,000$2,932,000,000$2,701,000,000$2,208,000,000$2,789,000,000$2,744,000,000$2,490,000,000$2,614,000,000$2,751,000,000$2,397,000,000$1,894,000,000$2,276,000,000$
Tax Expenses686,000,000$510,000,000$1,632,000,000$1,007,000,000$1,356,000,000$1,244,000,000$1,222,000,000$1,184,000,000$1,654,000,000$1,572,000,000$1,558,000,000$1,307,000,000$1,562,000,000$1,466,000,000$1,369,000,000$919,000,000$1,099,000,000$1,196,000,000$1,364,000,000$764,000,000$1,000,000,000$2,115,000,000$1,094,000,000$990,000,000$936,000,000$941,000,000$875,000,000$959,000,000$953,000,000$850,000,000$800,000,000$(52,000,000$)1,233,000,000$1,080,000,000$939,000,000$1,211,000,000$1,333,000,000$1,172,000,000$1,074,000,000$956,000,000$1,171,000,000$1,159,000,000$1,077,000,000$1,104,000,000$1,149,000,000$989,000,000$795,000,000$849,000,000$
Net Income2,543,000,000$3,572,000,000$6,474,000,000$5,784,000,000$6,258,000,000$4,421,000,000$(1,221,000,000$)5,675,000,000$6,038,000,000$5,657,000,000$5,774,000,000$4,908,000,000$5,384,000,000$5,199,000,000$5,148,000,000$4,191,000,000$4,191,000,000$4,372,000,000$4,978,000,000$2,352,000,000$3,256,000,000$6,696,000,000$3,465,000,000$3,668,000,000$3,629,000,000$3,385,000,000$3,557,000,000$3,164,000,000$3,284,000,000$3,010,000,000$2,924,000,000$3,721,000,000$2,561,000,000$2,350,000,000$2,191,000,000$1,708,000,000$1,978,000,000$1,760,000,000$1,627,000,000$1,252,000,000$1,618,000,000$1,585,000,000$1,413,000,000$1,510,000,000$1,602,000,000$1,408,000,000$1,099,000,000$1,427,000,000$
Profit Margin2.25%3.20%5.91%5.74%6.21%4.47%(1.22%)6.01%6.54%6.09%6.28%5.93%6.66%6.47%6.42%5.68%5.79%6.13%7.09%3.59%5.00%10.78%5.38%6.02%6.01%5.59%5.90%5.42%5.81%5.37%5.30%7.15%5.09%4.70%4.50%3.59%4.27%3.79%3.65%2.87%3.90%4.37%3.95%4.52%4.89%4.32%3.47%4.59%
TTM4.22%5.22%5.59%3.81%3.84%3.87%4.26%6.23%6.22%6.23%6.33%6.37%6.32%6.11%6.02%6.17%5.69%5.50%6.57%6.13%6.76%7.05%5.75%5.88%5.73%5.68%5.63%5.47%5.88%5.72%5.57%5.38%4.48%4.27%4.04%3.83%3.66%3.55%3.67%3.74%4.17%4.42%4.41%4.31%4.32%4.37%4.47%4.63%
Earnings to Minority195,000,000$166,000,000$182,000,000$241,000,000$203,000,000$205,000,000$188,000,000$220,000,000$197,000,000$183,000,000$163,000,000$147,000,000$122,000,000$129,000,000$121,000,000$120,000,000$105,000,000$106,000,000$116,000,000$140,000,000$84,000,000$59,000,000$83,000,000$127,000,000$91,000,000$92,000,000$90,000,000$124,000,000$96,000,000$88,000,000$88,000,000$104,000,000$76,000,000$66,000,000$19,000,000$24,000,000$10,000,000$6,000,000$16,000,000$34,000,000$21,000,000$0$0$0$0$0$0$0$
Earnings to Common Shareholders2,348,000,000$3,406,000,000$6,292,000,000$5,543,000,000$6,055,000,000$4,216,000,000$(1,409,000,000$)5,455,000,000$5,841,000,000$5,474,000,000$5,611,000,000$4,761,000,000$5,262,000,000$5,070,000,000$5,027,000,000$4,071,000,000$4,086,000,000$4,266,000,000$4,862,000,000$2,212,000,000$3,172,000,000$6,637,000,000$3,382,000,000$3,541,000,000$3,538,000,000$3,293,000,000$3,467,000,000$3,040,000,000$3,188,000,000$2,922,000,000$2,836,000,000$3,617,000,000$2,485,000,000$2,284,000,000$2,172,000,000$1,684,000,000$1,968,000,000$1,754,000,000$1,611,000,000$1,218,000,000$1,597,000,000$1,585,000,000$1,413,000,000$1,510,000,000$1,602,000,000$1,408,000,000$1,099,000,000$1,427,000,000$
QoQ%(31.06%)(45.87%)13.51%(8.46%)43.62%399.22%(125.83%)(6.61%)6.70%(2.44%)17.85%(9.52%)3.79%.86%23.48%(.37%)(4.22%)(12.26%)119.80%(30.27%)(52.21%)96.25%(4.49%).09%7.44%(5.02%)14.05%(4.64%)9.10%3.03%(21.59%)45.55%8.80%5.16%28.98%(14.43%)12.20%8.88%32.27%(23.73%).76%12.17%(6.42%)(5.74%)13.78%28.12%(22.99%)(9.11%)
YoY%(61.22%)(19.21%)546.56%1.61%3.66%(22.98%)(125.11%)14.58%11.00%7.97%11.62%16.95%28.78%18.85%3.39%84.04%28.82%(35.72%)43.76%(37.53%)(10.35%)101.55%(2.45%)16.48%10.98%12.70%22.25%(15.95%)28.29%27.93%30.57%114.79%26.27%30.22%34.82%38.26%23.23%10.66%14.01%(19.34%)(.31%)12.57%28.57%5.82%2.04%(1.95%)(7.80%)14.71%
Earnings Per Share, Basic2.59$3.76$6.90$6.04$6.56$4.58$(1.53$)5.91$6.31$5.89$6.01$5.09$5.63$5.41$5.34$4.33$4.33$4.52$5.14$2.33$3.34$6.99$3.56$3.74$3.73$3.47$3.62$3.16$3.31$3.04$2.94$3.73$2.57$2.37$2.28$1.77$2.07$1.84$1.69$1.28$1.68$1.66$1.48$1.58$1.65$1.44$1.12$1.43$
Earnings Per Share, Diluted2.59$3.74$6.85$5.92$6.51$4.54$(1.53$)5.85$6.24$5.82$5.95$5.02$5.55$5.34$5.27$4.26$4.28$4.46$5.08$2.30$3.30$6.91$3.52$3.68$3.67$3.42$3.56$3.10$3.24$2.98$2.87$3.65$2.51$2.32$2.23$1.74$2.03$1.81$1.67$1.26$1.65$1.64$1.46$1.55$1.63$1.42$1.10$1.41$
Unlevered FCF Per Share, Basic5.58$6.95$5.00$1.59$14.03$6.40$0.43$(6.67$)6.55$10.97$16.68$(5.77$)19.06$6.63$5.06$2.68$7.37$5.27$5.75$5.83$2.71$10.07$2.61$5.87$2.85$5.75$2.79$1.91$0.41$3.67$8.17$(3.31$)7.31$1.82$6.24$(1.99$)7.14$1.36$1.99$3.18$2.56$0.86$1.99$2.12$2.88$0.66$1.07$0.75$
Unlevered FCF Per Share, Diluted5.57$6.93$4.97$1.56$13.93$6.35$0.43$(6.59$)6.48$10.85$16.51$(5.70$)18.80$6.54$4.99$2.64$7.28$5.21$5.68$5.76$2.67$9.95$2.57$5.77$2.81$5.66$2.74$1.88$0.40$3.59$8.00$(3.24$)7.16$1.78$6.10$(1.95$)7.01$1.34$1.96$3.13$2.52$0.85$1.96$2.08$2.85$0.66$1.06$0.74$
Average Shares, Basic906,000,000907,000,000912,000,000918,000,000923,000,000921,000,000922,000,000923,000,000926,000,000930,000,000933,000,000935,000,000935,000,000937,000,000941,000,000940,000,000943,000,000944,000,000945,000,000948,000,000950,000,000949,000,000949,000,000947,000,000949,000,000950,000,000958,000,000963,000,000962,000,000961,000,000966,000,000970,000,000968,000,000964,000,000954,000,000952,000,000952,000,000951,000,000953,000,000953,000,000953,000,000952,000,000954,000,000957,000,000969,000,000979,000,000983,000,000995,000,000
Average Shares, Diluted908,000,000910,000,000918,000,000936,000,000930,000,000928,000,000922,000,000933,000,000936,000,000940,000,000943,000,000948,000,000948,000,000950,000,000954,000,000956,000,000955,000,000956,000,000957,000,000960,000,000962,000,000960,000,000962,000,000962,000,000963,000,000964,000,000975,000,000980,000,000983,000,000982,000,000987,000,000991,000,000989,000,000985,000,000975,000,000969,000,000969,000,000967,000,000967,000,000966,000,000967,000,000966,000,000969,000,000975,000,000982,000,000991,000,000996,000,0001,013,000,000
EBIT4,232,000,000$5,109,000,000$9,104,000,000$7,794,000,000$8,688,000,000$6,650,000,000$845,000,000$7,689,000,000$8,526,000,000$8,057,000,000$8,086,000,000$6,891,000,000$7,462,000,000$7,132,000,000$6,950,000,000$5,541,000,000$5,712,000,000$5,978,000,000$6,739,000,000$3,517,000,000$4,651,000,000$9,241,000,000$4,996,000,000$5,095,000,000$5,014,000,000$4,744,000,000$4,832,000,000$4,497,000,000$4,590,000,000$4,204,000,000$4,053,000,000$3,977,000,000$4,088,000,000$3,731,000,000$3,413,000,000$3,187,000,000$3,580,000,000$3,203,000,000$2,960,000,000$2,468,000,000$3,018,000,000$2,895,000,000$2,640,000,000$2,765,000,000$2,903,000,000$2,552,000,000$2,054,000,000$2,452,000,000$
EBITDA5,331,000,000$6,193,000,000$10,165,000,000$8,835,000,000$9,729,000,000$7,670,000,000$1,842,000,000$8,663,000,000$9,533,000,000$9,078,000,000$9,056,000,000$7,873,000,000$8,290,000,000$7,934,000,000$7,738,000,000$6,312,000,000$6,508,000,000$6,756,000,000$7,497,000,000$4,249,000,000$5,370,000,000$9,958,000,000$5,719,000,000$5,813,000,000$5,723,000,000$5,398,000,000$5,471,000,000$5,134,000,000$5,201,000,000$4,802,000,000$4,635,000,000$4,555,000,000$4,666,000,000$4,287,000,000$3,946,000,000$3,714,000,000$4,095,000,000$3,714,000,000$3,462,000,000$2,952,000,000$3,470,000,000$3,274,000,000$3,018,000,000$3,146,000,000$3,276,000,000$2,916,000,000$2,414,000,000$2,802,000,000$