UnitedHealth Income Statement (Quarterly)

The table below shows the quarterly income statements for UnitedHealth stock for the past 41 quarters.

Numbers in millions USD, except per-share numbers.

Quarter Ended	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31
Revenue	60,901	60,351	60,595	60,308	58,417	56,556	56,086	55,188	52,061	50,322	50,053	48,723	47,535	46,293	46,485	44,527	43,599	41,489	36,263	35,756	33,433	32,759	32,574	31,708	31,117	30,624	30,408	30,340	28,769	27,302	27,265	27,282	25,916	25,280	25,234	25,432	24,030	23,668	23,264	23,193	21,784
Revenue Growth (YoY)	4.25%	6.71%	8.04%	9.28%	12.21%	12.39%	12.05%	13.27%	9.52%	8.7%	7.68%	9.42%	9.03%	11.58%	28.19%	24.53%	30.41%	26.65%	11.32%	12.77%	7.44%	6.97%	7.12%	4.51%	8.16%	12.17%	11.53%	11.21%	11.01%	8%	8.05%	7.27%	7.85%	6.81%	8.47%	9.65%	10.31%	-	-	-	-
Cost of Revenue	45,787	45,668	46,782	46,320	44,580	42,876	42,898	42,047	39,686	38,269	38,438	37,755	36,004	35,165	35,978	34,307	34,085	31,841	27,251	26,904	24,860	24,047	24,452	24,100	23,682	22,775	22,842	23,251	21,445	20,098	20,633	20,573	19,244	19,017	19,132	19,324	17,821	17,728	17,755	17,653	16,538
Gross Profit	15,114	14,683	13,813	13,988	13,837	13,680	13,188	13,141	12,375	12,053	11,615	10,968	11,531	11,128	10,507	10,220	9,514	9,648	9,012	8,852	8,573	8,712	8,122	7,608	7,435	7,849	7,566	7,089	7,324	7,204	6,632	6,709	6,672	6,263	6,102	6,108	6,209	5,940	5,509	5,540	5,246
Selling, General & Admin	9,301	8,960	8,415	8,517	8,703	8,479	8,386	8,506	7,820	7,387	7,328	7,022	7,817	7,033	6,793	6,758	6,562	6,178	5,738	5,834	5,427	5,436	5,206	5,194	4,633	4,869	4,825	4,614	4,853	4,277	4,080	4,096	4,308	3,899	3,733	3,617	4,087	3,548	3,359	3,276	3,413
Operating Expenses	10,019	9,669	9,069	9,156	9,340	9,090	8,984	9,088	8,398	7,965	7,884	7,555	8,344	7,548	7,304	7,260	7,046	6,630	6,117	6,212	5,808	5,809	5,570	5,554	4,983	5,218	5,165	4,950	5,223	4,594	4,406	4,392	4,598	4,193	4,003	3,887	4,407	3,795	3,608	3,524	3,671
Operating Income	5,095	5,014	4,744	4,832	4,497	4,590	4,204	4,053	3,977	4,088	3,731	3,413	3,187	3,580	3,203	2,960	2,468	3,018	2,895	2,640	2,765	2,903	2,552	2,054	2,452	2,631	2,401	2,139	2,101	2,610	2,226	2,317	2,074	2,070	2,099	2,221	1,802	2,145	1,901	2,016	1,575
Income Taxes	990	936	941	875	959	953	850	800	-52.00	1,233	1,080	939	1,211	1,333	1,172	1,074	956	1,171	1,159	1,077	1,104	1,149	989	795	849	883	789	721	684	895	736	781	677	670	713	757	641	749	659	700	487
Interest Income/Expense	437	449	418	400	374	353	344	329	308	294	301	283	268	269	271	259	260	229	151	150	151	152	155	160	176	178	176	178	173	158	153	148	139	129	119	118	118	119	119	125	144
Other Expense/Income	564	540	510	490	498	449	432	417	412	370	367	302	292	279	277	275	294	250	151	150	151	152	155	160	176	178	176	226	173	158	153	148	139	129	119	118	118	119	119	125	144
Net Income	3,541	3,538	3,293	3,467	3,040	3,188	2,922	2,836	3,617	2,485	2,284	2,172	1,684	1,968	1,754	1,611	1,218	1,597	1,585	1,413	1,510	1,602	1,408	1,099	1,427	1,570	1,436	1,192	1,244	1,557	1,337	1,388	1,258	1,271	1,267	1,346	1,043	1,277	1,123	1,191	944
Shares Outstanding	948	949	950	958	963	962	961	966	970	968	964	954	952	952	951	953	953	953	952	954	957	969	979	983	997	1,004	1,009	1,016	1,018	1,022	1,028	1,039	1,058	1,065	1,075	1,086	1,093	1,115	1,127	1,145	1,153
Shares Change (YoY)	-1.56%	-1.35%	-1.14%	-0.83%	-0.72%	-0.62%	-0.31%	1.26%	1.89%	1.68%	1.37%	0.1%	-0.1%	-0.1%	-0.11%	-0.1%	-0.42%	-1.65%	-2.76%	-2.95%	-4.01%	-3.49%	-2.97%	-3.25%	-2.06%	-1.76%	-1.85%	-2.21%	-3.78%	-4.04%	-4.37%	-4.33%	-3.2%	-4.48%	-4.61%	-5.15%	-5.2%	-	-	-	-
EPS (Basic)	3.73	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	1.57	1.65	1.44	1.12	1.43	1.56	1.42	1.17	1.22	1.52	1.30	1.34	1.19	1.19	1.18	1.24	0.96	1.15	1.00	1.04	0.82
Earnings Per Share (EPS)	3.68	3.67	3.42	3.56	3.10	3.24	2.98	2.87	3.66	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	1.53	1.40	1.16	1.20	1.50	1.27	1.31	1.17	1.17	1.16	1.22	0.95	1.14	0.99	1.03	0.81
EPS Growth (YoY)	18.71%	13.27%	14.77%	24.04%	-15.3%	29.08%	28.45%	28.7%	110.34%	23.65%	28.18%	33.53%	38.1%	23.03%	10.37%	14.38%	-18.71%	1.23%	15.49%	32.73%	9.93%	6.54%	1.43%	-5.17%	17.5%	2%	10.24%	-11.45%	2.56%	28.21%	9.48%	7.38%	23.16%	2.63%	17.17%	18.45%	17.28%	-	-	-	-
FCF Per Share	5.86	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	0.67	1.07	0.60	3.02	1.31	0.72	1.37	-0.61	1.94	3.19	-0.59	4.39	0.83	0.93	1.02	2.42	0.45	0.94	0.89
Dividend Per Share	1.08	1.08	1.08	0.90	0.90	0.90	0.90	0.75	0.75	0.75	0.75	0.63	0.63	0.63	0.63	0.50	0.50	0.50	0.50	0.38	0.38	0.38	0.38	0.28	0.28	0.28	0.28	0.21	0.21	0.21	0.21	0.16	0.16	0.16	0.16	0.13	0.13	0.13	0.16	-	-
Dividend Growth (YoY)	20%	20%	20%	20%	20%	20%	20%	20%	20%	20%	20%	25%	25%	25%	25%	33.33%	33.33%	33.33%	33.33%	33.93%	33.93%	33.93%	33.93%	32.08%	32.08%	32.08%	32.08%	30.06%	30.06%	30.06%	30.06%	30.4%	30.4%	30.4%	5.16%	-	-	-	-	-	-
Gross Margin	24.8%	24.3%	22.8%	23.2%	23.7%	24.2%	23.5%	23.8%	23.8%	24%	23.2%	22.5%	24.3%	24%	22.6%	23%	21.8%	23.3%	24.9%	24.8%	25.6%	26.6%	24.9%	24%	23.9%	25.6%	24.9%	23.4%	25.5%	26.4%	24.3%	24.6%	25.7%	24.8%	24.2%	24%	25.8%	25.1%	23.7%	23.9%	24.1%
Operating Margin	8.4%	8.3%	7.8%	8.0%	7.7%	8.1%	7.5%	7.3%	7.6%	8.1%	7.5%	7.0%	6.7%	7.7%	6.9%	6.6%	5.7%	7.3%	8.0%	7.4%	8.3%	8.9%	7.8%	6.5%	7.9%	8.6%	7.9%	7.1%	7.3%	9.6%	8.2%	8.5%	8.0%	8.2%	8.3%	8.7%	7.5%	9.1%	8.2%	8.7%	7.2%
Profit Margin	5.8%	5.9%	5.4%	5.7%	5.2%	5.6%	5.2%	5.1%	6.9%	4.9%	4.6%	4.5%	3.5%	4.3%	3.8%	3.6%	2.8%	3.8%	4.4%	4%	4.5%	4.9%	4.3%	3.5%	4.6%	5.1%	4.7%	3.9%	4.3%	5.7%	4.9%	5.1%	4.9%	5%	5%	5.3%	4.3%	5.4%	4.8%	5.1%	4.3%
FCF Margin	9.1%	4.5%	9.0%	4.4%	3.1%	0.7%	6.3%	14.3%	-6.2%	14.1%	3.5%	12.2%	-4.0%	14.7%	2.8%	4.3%	6.9%	5.9%	2.3%	5.3%	6.1%	8.5%	2.0%	3.3%	1.9%	9.9%	4.3%	2.4%	4.9%	-2.3%	7.3%	12.2%	-2.4%	18.5%	3.5%	4.0%	4.6%	11.4%	2.2%	4.6%	4.7%
EBITDA	5,686	5,632	5,306	5,381	5,010	5,105	4,714	4,547	4,451	4,590	4,221	3,927	3,690	4,085	3,708	3,446	2,918	3,449	3,274	3,018	3,146	3,276	2,916	2,414	2,802	2,980	2,741	2,427	2,471	2,927	2,552	2,613	2,364	2,364	2,369	2,491	2,122	2,392	2,150	2,264	1,833
EBITDA Margin	9.3%	9.3%	8.8%	8.9%	8.6%	9%	8.4%	8.2%	8.5%	9.1%	8.4%	8.1%	7.8%	8.8%	8%	7.7%	6.7%	8.3%	9%	8.4%	9.4%	10%	9%	7.6%	9%	9.7%	9%	8%	8.6%	10.7%	9.4%	9.6%	9.1%	9.4%	9.4%	9.8%	8.8%	10.1%	9.2%	9.8%	8.4%
EBIT	4,968	4,923	4,652	4,742	4,373	4,494	4,116	3,965	3,873	4,012	3,665	3,394	3,163	3,570	3,197	2,944	2,434	2,997	2,895	2,640	2,765	2,903	2,552	2,054	2,452	2,631	2,401	2,091	2,101	2,610	2,226	2,317	2,074	2,070	2,099	2,221	1,802	2,145	1,901	2,016	1,575
EBIT Margin	8.2%	8.2%	7.7%	7.9%	7.5%	7.9%	7.3%	7.2%	7.4%	8.0%	7.3%	7.0%	6.7%	7.7%	6.9%	6.6%	5.6%	7.2%	8.0%	7.4%	8.3%	8.9%	7.8%	6.5%	7.9%	8.6%	7.9%	6.9%	7.3%	9.6%	8.2%	8.5%	8.0%	8.2%	8.3%	8.7%	7.5%	9.1%	8.2%	8.7%	7.2%