UnitedHealth Group Incorporated financials

Key figures from UnitedHealth Group Incorporated's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricMar 2026Mar 2025Change
Revenue$111.7B$109.6B+2.0%
Net income$6.3B$6.3B-0.2%
Free cash flow$8.1B$4.6B+78.8%
Gross margin
Operating margin8.0%8.3%-0.3 pts
Net margin5.6%5.7%-0.1 pts

Quarterly trend

Revenue by quarter
$98.9BJun 2024$100.8BSep 2024$100.8BDec 2024*$109.6BMar 2025$111.6BJun 2025$113.2BSep 2025$113.2BDec 2025*$111.7BMar 2026
Net income by quarter
$4.2BJun 2024$6.1BSep 2024$5.5BDec 2024*$6.3BMar 2025$3.4BJun 2025$2.3BSep 2025$10MDec 2025*$6.3BMar 2026
Free cash flow by quarter
$5.9BJun 2024$13.0BSep 2024$1.5BDec 2024*$4.6BMar 2025$6.3BJun 2025$5.1BSep 2025$160MDec 2025*$8.1BMar 2026
Margins by quarterGrossOperatingNet
-2%4%10%Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$447.6B$12.1B2.7%$16.1B$13.23
FY Dec 2024$400.3B$14.4B3.6%$20.7B$15.51
FY Dec 2023$371.6B$22.4B6.0%$25.7B$23.86
FY Dec 2022$324.2B$20.1B6.2%$23.4B$21.18
FY Dec 2021$287.6B$17.3B6.0%$19.9B$18.08

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

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