UnitedHealth Group Incorporated (UNH)
NYSE: UNH · Real-Time Price · USD
402.19
-6.55 (-1.60%)
At close: Aug 11, 2026, 4:00 PM EDT
402.60
+0.41 (0.10%)
After-hours: Aug 11, 2026, 4:49 PM EDT
UnitedHealth Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 5,670 | 6,481 | 218 | 2,543 | 3,572 | 6,474 | 5,784 | 6,258 | 4,421 | -1,221 | 5,675 | 6,038 | 5,657 | 5,774 | 4,908 | 5,384 | 5,199 | 5,148 | 4,191 | 4,191 |
Depreciation & Amortization | 1,040 | 1,029 | 1,117 | 1,099 | 1,084 | 1,061 | 1,041 | 1,041 | 1,020 | 997 | 974 | 1,007 | 1,021 | 970 | 982 | 828 | 802 | 788 | 771 | 796 |
Stock-Based Compensation | 276 | 348 | 176 | 223 | 197 | 375 | 187 | 237 | 222 | 372 | 208 | 247 | 242 | 362 | 250 | 171 | 205 | 299 | 209 | 165 |
Other Adjustments | 61 | 308 | 1,002 | -912 | -80 | 176 | 499 | -925 | 1,174 | 7,238 | -197 | 20 | -310 | -263 | -414 | -790 | 22 | 178 | -992 | 65 |
Changes in Receivables | - | -3,544 | -829 | 1,746 | 2,781 | -4,462 | -2,122 | 3,156 | 3,691 | -6,162 | -540 | -2,771 | 4,503 | -4,306 | 40 | 1,641 | 317 | -4,521 | -153 | 371 |
Changes in Accounts Payable | - | 1,055 | 2,082 | 63 | 127 | -607 | 1,213 | 1,214 | 267 | -231 | 1,146 | 823 | -249 | 1,796 | 548 | 609 | 218 | 589 | -9 | 873 |
Changes in Unearned Premiums | - | 20 | 107 | 338 | -272 | -10 | -16 | 373 | -563 | 9 | -12,018 | 466 | 353 | 11,402 | -10,075 | 10,641 | -518 | 78 | 21 | 192 |
Changes in Claims Reserves | - | 296 | -354 | 1,807 | 1,378 | 2,993 | 268 | 1,458 | -1,292 | 2,069 | -355 | 1,429 | -59 | 2,467 | -139 | 163 | 180 | 3,849 | -1,224 | 839 |
Changes in Other Operating Activities | - | 2,919 | -1,501 | -962 | -1,599 | -544 | -1,152 | 1,133 | -2,194 | -1,927 | -86 | -357 | -126 | -1,875 | -633 | -98 | 446 | -1,089 | 404 | 88 |
Operating Cash Flow | 11,052 | 8,912 | 1,108 | 5,945 | 7,188 | 5,456 | 2,369 | 13,945 | 6,746 | 1,144 | -5,193 | 6,902 | 11,032 | 16,327 | -4,533 | 18,549 | 6,871 | 5,319 | 3,218 | 7,580 |
Operating Cash Flow Growth (YoY) | 53.76% | 63.34% | -53.23% | -57.37% | 6.55% | 376.92% | - | 102.04% | -38.85% | -92.99% | - | -62.79% | 60.56% | 206.96% | - | 144.71% | 24.02% | -11.42% | -47.26% | 142.41% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -799 | -763 | -948 | -890 | -886 | -898 | -912 | -991 | -853 | -743 | -959 | -838 | -829 | -760 | -866 | -724 | -657 | -555 | -695 | -629 |
Purchases of Investments | - | -6,515 | -4,568 | -4,625 | -4,045 | -4,135 | -7,357 | -9,821 | -5,332 | -4,798 | -5,316 | -3,773 | -4,331 | -4,894 | -4,642 | -5,280 | -3,921 | -4,982 | -4,312 | -3,980 |
Proceeds from Sale of Investments | - | 4,163 | 3,272 | 4,955 | 4,155 | 5,352 | 6,030 | 11,894 | 4,619 | 5,290 | 6,389 | 2,497 | 5,076 | 2,575 | 1,872 | 4,579 | 2,187 | 3,350 | 6,171 | 3,067 |
Cash Acquisitions | -98 | - | -73 | -3,702 | -32 | -702 | -1,734 | -8,643 | -25 | -3,006 | -1,747 | -228 | -335 | -7,826 | -14,304 | -4 | -5,919 | -1,231 | -94 | -85 |
Proceeds from Business Divestments | - | 1,081 | - | - | - | 21 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Investing Activities | 63 | -413 | 1,960 | -296 | -634 | 288 | 813 | 1,910 | -5,826 | -3,083 | -239 | -297 | -309 | -115 | -843 | 582 | -277 | -255 | -369 | -252 |
Investing Cash Flow | -1,798 | -2,447 | -2,611 | -4,558 | -1,442 | -74 | -1,119 | -5,651 | -7,417 | -6,340 | -1,187 | -2,639 | -728 | -11,020 | -15,369 | -847 | -8,587 | -3,673 | 716 | -1,879 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | - | 1,100 | -662 | 2,872 | -5,314 | 3,911 | 40 | -8,806 | 2,426 | 6,189 | -1,568 | -1,847 | -3,923 | 7,349 | 748 | -1,356 | -1,808 | 3,148 | -563 | -563 |
Net Short-Term Debt Issued (Repaid) | - | 1,100 | -662 | 2,872 | -5,314 | 3,911 | 40 | -8,806 | 2,426 | 6,189 | -1,568 | -1,847 | -3,923 | 7,349 | 748 | -1,356 | -1,808 | 3,148 | -563 | -563 |
Long-Term Debt Issued | - | - | 0 | 0 | - | - | 0 | 11,886 | 0 | 5,925 | 0 | 0 | -7 | 6,401 | 8,897 | 0 | 5,922 | - | -1 | 0 |
Long-Term Debt Repaid | - | -1,500 | -1,050 | -2,000 | - | - | -500 | -750 | -1,000 | -750 | 0 | 0 | -750 | -1,375 | -915 | -1,000 | 0 | -1,100 | -1,250 | 0 |
Net Long-Term Debt Issued (Repaid) | - | -1,500 | -1,050 | -2,000 | - | - | -500 | 11,136 | -1,000 | 5,175 | 0 | 0 | -757 | 5,026 | 7,982 | -1,000 | 5,922 | -1,100 | -1,251 | 0 |
Issuance of Common Stock | - | 231 | 24 | 222 | 221 | 360 | 235 | 867 | 258 | 486 | 314 | 411 | 284 | 344 | 169 | 328 | 205 | 551 | 278 | 313 |
Repurchase of Common Stock | -1,646 | - | 0 | 0 | -2,545 | -3,000 | -4,972 | -956 | 0 | -3,072 | -1,500 | -1,500 | -3,000 | -2,000 | -1,000 | -1,000 | -2,500 | -2,500 | -1,050 | -1,050 |
Net Common Stock Issued (Repurchased) | -1,646 | 231 | 24 | 222 | -2,324 | -2,640 | -4,737 | -89 | 258 | -2,586 | -1,186 | -1,089 | -2,716 | -1,656 | -831 | -672 | -2,295 | -1,949 | -772 | -737 |
Common Dividends Paid | -2,087 | -2,005 | -2,002 | -2,002 | -2,000 | -1,912 | -1,932 | -1,937 | -1,935 | -1,729 | -1,738 | -1,739 | -1,747 | -1,537 | -1,541 | -1,542 | -1,545 | -1,363 | -1,365 | -1,367 |
Other Financing Activities | 354 | -818 | 2,824 | -1,857 | -1,278 | 740 | -933 | -2,509 | -945 | 1,182 | -1,934 | -2,429 | -1,316 | 4,008 | -1,790 | 1,154 | 769 | 3,568 | -238 | -1,168 |
Financing Cash Flow | -8,623 | -2,992 | -1,031 | -2,765 | -7,947 | 99 | -8,342 | -2,205 | -1,196 | 8,231 | -7,156 | -7,104 | -10,459 | 13,190 | 4,392 | -3,416 | 946 | 2,304 | -3,627 | -4,397 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | 4 | -7 | 15 | -4 | 14 | 15 | -31 | 14 | 4 | -48 | 48 | -57 | 55 | 51 | 30 | -53 | -100 | 157 | -17 | -51 |
Net Cash Flow | 635 | 3,466 | -2,519 | -1,382 | -2,187 | 5,496 | -7,123 | 6,103 | -1,863 | 2,987 | -13,488 | -2,898 | -100 | 18,548 | -15,480 | 14,233 | -870 | 4,107 | 290 | 1,253 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 10,253 | 8,149 | 160 | 5,055 | 6,302 | 4,558 | 1,457 | 12,954 | 5,893 | 401 | -6,152 | 6,064 | 10,203 | 15,567 | -5,399 | 17,825 | 6,214 | 4,764 | 2,523 | 6,951 |
Free Cash Flow Growth (YoY) | 62.69% | 78.79% | -89.02% | -60.98% | 6.94% | 1036.66% | - | 113.62% | -42.24% | -97.42% | - | -65.98% | 64.19% | 226.76% | - | 156.44% | 24.83% | -12.38% | -54.35% | 170.47% |
FCF Margin | 9.15% | 7.29% | 0.14% | 4.47% | 5.65% | 4.16% | 1.45% | 12.85% | 5.96% | 0.40% | -6.52% | 6.57% | 10.98% | 16.93% | -6.52% | 22.04% | 7.74% | 5.94% | 3.42% | 9.61% |
Free Cash Flow Per Share | 11.32 | 8.95 | 0.18 | 5.57 | 6.93 | 4.97 | 1.57 | 13.93 | 6.35 | 0.43 | -6.58 | 6.48 | 10.85 | 16.51 | -5.70 | 18.80 | 6.54 | 4.99 | 2.64 | 7.28 |
Levered Free Cash Flow | 5,725 | 10,140 | -637 | 3,063 | -3,288 | 9,205 | 5,498 | 11,358 | 3,524 | 8,248 | -6,836 | 5,292 | 1,147 | 29,682 | 3,594 | 14,284 | 9,604 | 7,007 | 2,869 | 4,948 |
Unlevered Free Cash Flow | 6,743 | 11,577 | 741.94 | 3,046 | 2,961 | 6,285 | 6,794 | 9,927 | 3,823 | -9,685,646 | -4,581 | 7,794 | 6,475 | 17,901 | -4,602 | 17,040 | 5,854 | 5,301 | 5,036 | 5,845 |