Unitedhealth Group Inc (UNH) Financial Statements
Industry: Hospital & Medical Service Plans
In fiscal 2025, Unitedhealth reported revenue of $447.57B, up 11.8% from $400.28B the year before. Net income was $12.06B (a 2.7% net margin), or $13.23 per diluted share. Gross margin was 88.7% and operating margin was 4.2%. Operating activities generated $19.70B of cash, leaving $16.07B of free cash flow. At fiscal year end, Unitedhealth held $309.58B in total assets against $207.88B in total liabilities, including $24.36B of cash and equivalents.
Open the full interactive Unitedhealth financials → Quarterly statements, key ratios, valuation history and price charts.
Unitedhealth Key Stats
| Share Price | $377.76 |
|---|---|
| Market Cap | $342.25B |
| P/E Ratio | 28.6 |
| Revenue YoY Growth | +11.8% |
| 52-Week Range | $255.97 – $433.68 |
| Shares Outstanding | 902.0 million (basic, 2026 Q2) |
Unitedhealth Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $257.14B | $287.60B | $324.16B | $371.62B | $400.28B | $447.57B |
| Cost of Goods Sold | $30.75B | $31.03B | $33.70B | $38.77B | $46.69B | $50.66B |
| Gross Profit | $226.40B | $256.56B | $290.46B | $332.85B | $353.58B | $396.91B |
| Operating Income | $22.41B | $23.97B | $28.43B | $32.36B | $32.29B | $18.96B |
| Pre-Tax Income | $20.74B | $22.31B | $26.34B | $29.11B | $20.07B | $14.70B |
| Income Tax | $4.97B | $4.58B | $5.70B | $5.97B | $4.83B | $1.89B |
| Net Income | $15.40B | $17.29B | $20.12B | $22.38B | $14.40B | $12.06B |
| Diluted EPS | $16.03 | $18.08 | $21.18 | $23.86 | $15.51 | $13.23 |
Unitedhealth Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $113.16B | $113.22B | $111.72B | $112.03B |
| Net Income | $2.35B | $10.0M | $6.28B | $5.48B |
| Diluted EPS | $2.59 | $0.01 | $6.90 | $6.04 |
Unitedhealth Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.92B | $21.38B | $23.36B | $25.43B | $25.31B | $24.36B |
| Current Assets | $53.72B | $61.76B | $69.07B | $78.44B | $85.78B | $90.58B |
| Total Assets | $197.29B | $212.21B | $245.71B | $273.72B | $298.28B | $309.58B |
| Current Liabilities | $72.42B | $78.29B | $89.24B | $99.05B | $103.77B | $114.90B |
| Total Long-Term Debt | $43.47B | $46.00B | $54.51B | $58.26B | $72.36B | $72.32B |
| Total Liabilities | $126.75B | $135.73B | $159.36B | $174.80B | $195.69B | $207.88B |
| Shareholders' Equity | $68.33B | $75.05B | $81.45B | $94.42B | $98.27B | $100.09B |
Unitedhealth Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $22.17B | $22.34B | $26.21B | $29.07B | $24.20B | $19.70B |
| Cash From Investing | -$12.53B | -$10.37B | -$28.48B | -$15.57B | -$20.53B | -$8.69B |
| Cash From Financing | -$3.59B | -$7.46B | $4.23B | -$11.53B | -$3.51B | -$11.64B |
| Free Cash Flow | $20.12B | $19.89B | $23.40B | $25.68B | $20.70B | $16.07B |
Figures from Unitedhealth's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Unitedhealth financials page for every line item.
Unitedhealth Company Profile
| Ticker | UNH |
|---|---|
| Exchange | NYSE |
| Industry | Hospital & Medical Service Plans |
| Headquarters | Eden Prairie, Minnesota |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000731766 |
Frequently Asked Questions
What was Unitedhealth's revenue in fiscal 2025?
Unitedhealth (UNH) reported revenue of $447.57B for fiscal 2025.
What is Unitedhealth's annual revenue history?
Unitedhealth's annual revenue by fiscal year: 2020: $257.14B; 2021: $287.60B; 2022: $324.16B; 2023: $371.62B; 2024: $400.28B; 2025: $447.57B.
What was Unitedhealth's net income in fiscal 2025?
Unitedhealth reported net income of $12.06B for fiscal 2025.
What was Unitedhealth's earnings per share (EPS) in fiscal 2025?
Unitedhealth's diluted EPS was $13.23 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Unitedhealth generate in fiscal 2025?
Unitedhealth generated $16.07B of free cash flow in fiscal 2025.
What was Unitedhealth's revenue last quarter?
In its most recent reported quarter (2026 Q2), Unitedhealth reported revenue of $112.03B.
How much debt does Unitedhealth have?
Unitedhealth reported $72.32B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Unitedhealth are outstanding?
Unitedhealth reported a weighted average of 902.0 million basic shares outstanding in 2026 Q2.
What is Unitedhealth's market cap?
Based on its latest closing price, Unitedhealth (UNH) has a market capitalization of about $342.25B.
When does Unitedhealth's fiscal year end?
Unitedhealth's fiscal year end, as registered with the SEC, is December 31.
Where is Unitedhealth headquartered?
Unitedhealth lists its business address in Eden Prairie, Minnesota in its SEC filings.