UnitedHealth Group revenue and financials

UNH · NYSE · USD

$376.32−0.60%−$2.26

Close · October 6, 2026

In the fiscal year ended December 2025, UnitedHealth Group reported revenue of $447.57B (+11.81% year over year). Net income was $12.06B, a net margin of 2.7%.

Annual revenue · 2025: $447.57B

$184.84B2016
$201.16B2017
$226.25B2018
$242.16B2019
$257.14B2020
$287.6B2021
$324.16B2022
$371.62B2023
$400.28B2024
$447.57B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +11.81%; 2025 vs 2024
Net income growth: −16.31%; 2025 vs 2024
Net margin: 2.7%; 2024: 3.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	309,581	298,278	273,720	245,705	212,206	197,289	173,889	152,221	139,058	122,810
Current assets	90,582	85,779	78,437	69,069	61,758	53,718	42,634	38,692	37,084	33,879
Cash and equivalents	24,365	25,312	25,427	23,365	21,375	16,921	10,985	10,866	11,981	10,430
Short-term investments	3,756	3,801	4,201	4,546	2,532	2,860	3,260	3,458	3,509	2,845
Receivables	52,715	48,454	38,970	30,450	28,082	25,404	21,462	18,250	15,830	15,651
Inventory	3,300	3,800	2,800	3,500	—	—	—	—	—	—
Net property, plant and equipment	4,742	4,895	6,457	5,923	5,392	5,482	5,733	5,758	4,618	3,871
Goodwill	110,499	106,734	103,732	93,352	75,795	71,337	65,659	58,910	54,556	47,584
Other intangible assets	26,494	28,926	20,187	18,606	13,621	14,000	13,320	12,025	10,884	10,571
Long-term investments	52,051	50,254	45,709	42,128	41,314	39,642	35,809	31,522	27,476	23,196
Current liabilities	114,897	103,769	99,054	89,237	78,292	72,420	61,782	53,209	50,463	49,252
Accounts payable	77,369	68,561	64,353	56,771	49,126	44,367	40,695	36,596	33,051	29,752
Long-term debt	72,320	72,359	58,263	54,513	42,383	38,648	36,808	34,581	28,835	25,777
Total debt	80,755	75,604	61,449	56,823	46,003	42,171	40,278	36,554	31,542	29,337
Total liabilities	207,883	195,687	174,801	159,358	135,727	126,750	111,727	95,994	87,036	82,621
Total equity (incl. minority)	101,698	102,591	98,919	86,347	76,479	70,539	62,162	56,227	52,022	40,189
Retained earnings	95,603	96,036	95,774	86,156	77,134	69,295	61,178	55,846	48,730	40,945
Minority interest	7,588	9,933	10,163	8,575	4,719	5,048	4,546	4,531	4,246	1,915