UnitedHealth Group Incorporated (UNH)

UnitedHealth Group Income Statement

Financials in millions USD. Fiscal year is January - December.

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 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Premiums & Annuity Revenue	86,956	87,561	88,811	88,979	87,905	86,534	76,483	77,442	76,897	77,988	73,228	72,339	72,474	72,786	64,700	64,491	63,896	64,070	57,547	56,967
Total Interest & Dividend Income	1,223	1,131	1,044	1,132	1,108	1,033	1,551	1,643	997	1,011	1,179	997	1,115	798	855	513	295	367	813	503
Non-Insurance Activities Revenue	13,835	13,250	13,484	13,296	13,564	13,036	13,475	12,631	12,211	11,909	11,311	10,354	10,651	10,267	9,398	9,190	9,496	9,340	8,961	8,703
Other Revenue	10,018	9,779	10,273	9,754	9,039	8,972	9,298	9,104	8,750	8,888	8,709	8,671	8,663	8,080	7,834	6,700	6,645	6,372	6,422	6,164
Total Revenue	112,032	111,721	113,612	113,161	111,616	109,575	100,807	100,820	98,855	99,796	94,427	92,361	92,903	91,931	82,787	80,894	80,332	80,149	73,743	72,337
Revenue Growth (YoY)	0.37%	1.96%	12.70%	12.24%	12.91%	9.80%	6.76%	9.16%	6.41%	8.55%	14.06%	14.17%	15.65%	14.70%	12.26%	11.83%	12.63%	14.18%	12.64%	11.09%
Policy Benefits	75,358	73,489	81,418	79,958	78,585	73,411	67,035	65,957	65,458	65,735	62,231	59,550	60,268	59,845	53,591	52,635	52,093	52,523	48,159	47,302
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
Selling, General & Administrative	14,268	15,390	15,597	15,223	13,778	13,594	12,494	13,280	13,162	14,077	13,339	13,855	13,809	13,625	13,009	11,663	11,709	11,401	11,272	10,725
Non-Insurance Activities Expense	13,375	12,823	12,680	12,566	13,019	12,390	12,464	11,834	11,340	11,056	10,194	9,423	9,748	9,405	8,314	8,306	8,596	8,487	8,000	7,802
Total Operating Expenses	104,041	102,731	110,812	108,846	106,466	100,456	93,034	92,112	90,980	91,865	86,738	83,835	84,846	83,845	75,896	73,432	73,200	73,199	68,202	66,625
Operating Income	7,991	8,990	2,800	4,315	5,150	9,119	7,773	8,708	7,875	7,931	7,689	8,526	8,057	8,086	6,891	7,462	7,132	6,950	5,541	5,712
Interest Expense	-962	-955	-974	-1,003	-1,027	-998	-1,003	-1,074	-985	-844	-830	-834	-828	-754	-676	-516	-467	-433	-431	-422
EBT Excluding Unusual Items	7,029	8,035	1,826	3,312	4,123	8,121	6,770	7,634	6,890	7,087	6,859	7,692	7,229	7,332	6,215	6,946	6,665	6,517	5,110	5,290
Merger & Restructuring Charges	-	-	-2,420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Assets	-61	-72	-126	-83	-41	-15	21	-20	-1,225	-7,086	-	-	-	-	-	-	-	-	-	-
Pretax Income	6,968	7,963	-720	3,229	4,082	8,106	6,791	7,614	5,665	1	6,859	7,692	7,229	7,332	6,215	6,946	6,665	6,517	5,110	5,290
Income Tax Expense	1,298	1,482	-938	686	510	1,632	1,007	1,356	1,244	1,222	1,184	1,654	1,572	1,558	1,307	1,562	1,466	1,369	919	1,099
Earnings From Continuing Ops.	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
Minority Interest in Earnings	-186	-201	-208	-195	-166	-182	-241	-203	-205	-188	-220	-197	-183	-163	-147	-122	-129	-121	-120	-105
Net Income	5,484	6,280	10	2,348	3,406	6,292	5,543	6,055	4,216	-1,409	5,455	5,841	5,474	5,611	4,761	5,262	5,070	5,027	4,071	4,086
Net Income to Common	5,484	6,280	10	2,348	3,406	6,292	5,543	6,055	4,216	-1,409	5,455	5,841	5,474	5,611	4,761	5,262	5,070	5,027	4,071	4,086
Net Income Growth (YoY)	61.01%	-0.19%	-99.82%	-61.22%	-19.21%	-	1.61%	3.66%	-22.98%	-	14.58%	11.00%	7.97%	11.62%	16.95%	28.78%	18.85%	3.39%	84.04%	28.82%
Shares Outstanding (Basic)	902	908	910	906	907	912	927	923	921	922	935	926	930	933	947	935	937	941	955	943
Shares Outstanding (Diluted)	906	910	910	908	910	918	927	930	928	922	935	936	940	943	947	948	950	954	955	955
Shares Change (YoY)	-0.44%	-0.87%	-1.83%	-2.37%	-1.94%	-0.43%	-0.86%	-0.64%	-1.28%	-2.23%	-1.27%	-1.27%	-1.05%	-1.15%	-0.84%	-0.73%	-0.63%	-0.31%	-0.62%	-0.73%
EPS (Basic)	6.08	6.92	0.01	2.59	3.76	6.90	5.98	6.56	4.58	-1.53	5.83	6.31	5.89	6.01	5.03	5.63	5.41	5.34	4.26	4.33
EPS (Diluted)	6.04	6.90	0.01	2.59	3.74	6.85	5.98	6.51	4.54	-1.53	5.83	6.24	5.82	5.95	5.03	5.55	5.34	5.27	4.26	4.28
EPS Growth (YoY)	61.50%	0.73%	-99.91%	-60.21%	-17.62%	-	2.56%	4.33%	-21.99%	-	15.97%	12.43%	8.99%	12.90%	17.94%	29.67%	19.73%	3.74%	85.34%	29.70%

Additional Metrics

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 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	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 Per Share	11.32	8.96	0.18	5.57	6.92	4.96	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
Dividend Per Share	2.320	2.210	2.210	2.210	2.210	2.100	2.100	2.100	2.100	1.880	1.880	1.880	1.880	1.650	1.650	1.650	1.650	1.450	1.450	1.450
Dividend Growth (YoY)	4.98%	5.24%	5.24%	5.24%	5.24%	11.70%	11.70%	11.70%	11.70%	13.94%	13.94%	13.94%	13.94%	13.79%	13.79%	13.79%	13.79%	16.00%	16.00%	16.00%
Operating Margin	7.13%	8.05%	2.46%	3.81%	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%
Profit Margin	4.90%	5.62%	0.01%	2.08%	3.05%	5.74%	5.50%	6.01%	4.26%	-1.41%	5.78%	6.32%	5.89%	6.10%	5.75%	6.50%	6.31%	6.27%	5.52%	5.65%
Free Cash Flow Margin	9.15%	7.29%	0.14%	4.47%	5.65%	4.16%	1.44%	12.85%	5.96%	0.40%	-6.51%	6.57%	10.98%	16.93%	-6.52%	22.04%	7.74%	5.94%	3.42%	9.61%
EBITDA	9,031	10,019	3,917	5,414	6,234	10,180	8,814	9,749	8,895	8,928	8,663	9,533	9,078	9,056	7,873	8,290	7,934	7,738	6,312	6,508
EBITDA Margin	8.06%	8.97%	3.45%	4.78%	5.58%	9.29%	8.74%	9.67%	9.00%	8.95%	9.17%	10.32%	9.77%	9.85%	9.51%	10.25%	9.88%	9.65%	8.56%	9.00%
D&A For EBITDA	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
EBIT	7,991	8,990	2,800	4,315	5,150	9,119	7,773	8,708	7,875	7,931	7,689	8,526	8,057	8,086	6,891	7,462	7,132	6,950	5,541	5,712
EBIT Margin	7.13%	8.05%	2.46%	3.81%	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%
Effective Tax Rate	18.63%	18.61%	-	21.25%	12.49%	20.13%	14.83%	17.81%	21.96%	122200.00%	17.26%	21.50%	21.75%	21.25%	21.03%	22.49%	22.00%	21.01%	17.98%	20.77%
Revenue as Reported	112,032	111,721	113,215	113,161	111,616	109,575	100,807	100,820	98,855	99,796	94,427	92,361	92,903	91,931	82,787	80,894	80,332	80,149	73,743	72,337

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 16, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 20, 2026

Data Sources Report a data error