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 · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	309,727	312,644	309,581	315,269	308,573	309,790	298,278	299,309	286,056	284,210	273,720	282,063
Current assets	86,860	91,127	90,582	95,067	93,699	96,285	85,779	92,258	88,624	85,323	—	—
Cash and equivalents	28,585	28,001	24,365	27,210	28,596	30,717	25,312	32,400	26,286	28,414	25,427	38,915
Short-term investments	2,883	3,228	3,756	3,404	3,424	3,574	3,801	4,734	5,037	4,296	—	—
Receivables	46,295	51,175	52,715	55,434	52,724	52,958	48,454	47,485	49,877	46,481	—	—
Inventory	—	—	3,300	—	—	—	3,800	—	—	—	—	—
Net property, plant and equipment	10,762	10,667	4,742	11,104	10,923	10,734	4,895	10,139	9,801	10,429	6,457	11,070
Goodwill	110,645	110,512	110,499	110,340	107,677	107,566	106,734	105,978	105,436	105,664	103,732	101,703
Other intangible assets	19,749	20,093	26,494	22,785	22,510	22,947	28,926	23,594	14,729	15,543	—	—
Long-term investments	57,716	56,788	52,051	52,996	52,466	51,863	50,254	48,689	46,113	45,928	—	—
Current liabilities	111,820	114,124	114,897	115,526	110,781	113,471	103,769	101,565	104,670	104,431	—	—
Accounts payable	78,671	78,290	77,369	76,214	72,757	70,702	68,561	67,031	63,433	64,770	—	—
Long-term debt	69,501	71,440	72,320	72,399	73,495	71,285	72,359	74,101	63,727	63,850	58,263	58,079
Total debt	73,328	74,517	80,755	77,236	73,495	76,071	75,604	76,810	65,198	66,337	—	—
Total liabilities	203,778	207,325	207,883	209,456	203,789	204,621	195,687	194,854	186,822	187,292	—	—
Total equity (incl. minority)	105,949	105,319	101,698	105,813	104,784	105,169	102,591	104,455	99,234	96,918	98,919	93,980
Retained earnings	100,957	99,878	95,603	97,595	97,250	97,934	96,036	96,518	92,400	90,118	95,774	93,173
Minority interest	7,502	7,438	7,588	10,026	10,060	10,131	9,933	9,920	9,875	10,230	10,163	9,486