UnitedHealth Group (UNH) financial statements
- FY2025 revenue
- $447.6B▲ +11.8%
- FY2025 net income
- $12.1B▼ −16.3%
- FY2025 diluted EPS
- $13.23▼ −14.7%
- FY2025 free cash flow
- $16.1B▼ −22.4%
UnitedHealth Group income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 447,567 | 400,278 | 371,622 |
| Operating income | 18,964 | 32,287 | 32,358 |
| Pretax income | 14,697 | 20,071 | 29,112 |
| Net income | 12,056 | 14,405 | 22,381 |
| Diluted earnings per share | 13.23 | 15.51 | 23.86 |
UnitedHealth Group balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 24,365 | 25,312 | 25,427 |
| Total assets | 309,581 | 298,278 | 273,720 |
| Total liabilities | 207,883 | 195,687 | 174,801 |
| Total equity | 100,090 | 98,268 | 94,421 |
| Long-term debt | 72,320 | 72,359 | 58,263 |
UnitedHealth Group cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 19,697 | 24,204 | 29,068 |
| Capital expenditure | -3,622 | -3,499 | -3,386 |
| Free cash flow (derived) | 16,075 | 20,705 | 25,682 |
| Dividends paid | -7,916 | -7,533 | -6,761 |
| Share repurchases | -5,545 | -9,000 | -8,000 |
Quarterly highlights
| USD millions | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 | 30 Sep 2025 |
| Revenue (derived) | 112,032 | 111,721 | 113,215 | 113,161 |
| Operating income (derived) | 7,991 | 8,990 | 380 | 4,315 |
| Net income (derived) | 5,484 | 6,280 | 10 | 2,348 |
| Diluted earnings per share | 6.04 | 6.90 | n/a | 2.59 |
| Operating cash flow (derived) | 11,052 | 8,912 | 1,108 | 5,945 |
| Total assets | 309,727 | 312,644 | 309,581 | 315,269 |
UnitedHealth Group major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Vanguard Capital Management | 7.5% | 68,122,483 | 30 April 2026 |
| STATE STREET CORPORATION | 5.0% | 45,684,412 | 7 August 2026 |
UnitedHealth Group 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 13 October 2026 | 8-K | Current report | Current report |
| 8 September 2026 | 8-K | Current report | Current report |
| 10 August 2026 | 10-Q | Quarterly report | Quarterly report |
| 16 July 2026 | 8-K | Current report | Current report |
| 5 June 2026 | 8-K | Current report | Current report |
| 11 May 2026 | 8-K | Current report | Current report |
| 5 May 2026 | 10-Q | Quarterly report | Quarterly report |
| 21 April 2026 | 8-K | Current report | Current report |
Common questions
What was UnitedHealth Group's revenue in fiscal 2025?
UnitedHealth Group reported $447.6 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 11.8% from fiscal 2024.
What was UnitedHealth Group's net income in fiscal 2025?
UnitedHealth Group reported net income of $12.1 billion for fiscal 2025, the year ended 31 December 2025, down 16.3% from fiscal 2024. Diluted earnings per share were $13.23.
What was UnitedHealth Group's free cash flow in fiscal 2025?
UnitedHealth Group had $16.1 billion in free cash flow in fiscal 2025. Operating cash flow was $19.7 billion and capital expenditure was $3.6 billion.
What were UnitedHealth Group's total assets at the end of fiscal 2025?
UnitedHealth Group reported total assets of $309.6 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much UnitedHealth Group history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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