UnitedHealth

UNH Health Care Market cap $344B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 10, 2026

Revenue$112.0B +0% year over year

Gross profit$98.7B 88% margin

Operating profit$8.0B 7% margin

Net profit$5.5B 5% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	112.0	100%	+0%
Cost of revenue	−13.4	12%
Gross profit	98.7	88% margin	+0pp
SG&A	−14.3	13%	+0pp
Other	−76.4	68%
Operating profit	8.0	7% margin	+3pp
Interest & other costs	−1.2
Tax	−1.3
Net profit	5.5	5% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	111.7	100%	+2%
Cost of revenue	−12.8	11%
Gross profit	98.9	89% margin	+0pp
SG&A	−15.4	14%	+1pp
Other	−74.5	66%
Operating profit	9.0	8% margin	+0pp
Interest & other costs	−1.2
Tax	−1.5
Net profit	6.3	6% margin	+0pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	113.22	100%	+12%
Products	53.38	47%	+6%
Services	38.04	34%	+6%
Optum insight	19.42	17%	+4%
Other revenue	2.38	2%
Cost of revenue	−12.68	11%
Gross profit	100.54	89% margin	+1pp
SG&A	−17.00	15%	+3pp
Other	−83.16	73%	+0pp
Operating profit	0.38	0% margin	−7pp
Interest & other costs	−1.31
Tax benefit	0.94
Net profit	0.01	0% margin	−5pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	113.16	100%	+12%
UnitedHealthcare	87.07	77%	+16%
Optum health	25.90	23%	+0%
Other and unallocated	0.19	0%
Cost of revenue	−12.57	11%
Gross profit	100.60	89% margin	+1pp
SG&A	−15.22	13%	+0pp
Other	−81.06	72%	+0pp
Operating profit	4.32	4% margin	−5pp
Interest & other costs	−1.28
Tax	−0.69
Net profit	2.35	2% margin	−4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	111.62	100%	+13%
UnitedHealthcare	86.10	77%
Optum health	25.21	23%
Other and unallocated	0.31	0%
Cost of revenue	−13.02	12%
Gross profit	98.60	88% margin	+0pp
SG&A	−13.78	12%	−1pp
Other	−79.67	72%	+0pp
Operating profit	5.15	5% margin	−3pp
Interest & other costs	−1.23
Tax	−0.51
Net profit	3.41	3% margin	−1pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	109.58	100%	+10%
UnitedHealthcare	84.62	77%
Optum health	25.31	23%
Other and unallocated	−0.35	0%
Cost of revenue	−12.39	11%
Gross profit	97.19	89% margin	+0pp
SG&A	−13.59	12%	−2pp
Other	−74.47	68%	+0pp
Operating profit	9.12	8% margin	+0pp
Interest & other costs	−1.20
Tax	−1.63
Net profit	6.29	6% margin	+7pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 10, 2026 Operating margin 7% Net profit $5.48B	Apr 1 – Jun 30, 2026	Aug 10, 2026	$112.03B	+0%	7%	$5.48B	5%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 5, 2026 Operating margin 8% Net profit $6.28B	Jan 1 – Mar 31, 2026	May 5, 2026	$111.72B	+2%	8%	$6.28B	6%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Mar 2, 2026 Operating margin 0% Net profit $0.01B	Oct 1 – Dec 31, 2025	Mar 2, 2026	$113.22B	+12%	0%	$0.01B	0%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 28, 2025 Operating margin 4% Net profit $2.35B	Jul 1 – Sep 30, 2025	Oct 28, 2025	$113.16B	+12%	4%	$2.35B	2%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 11, 2025 Operating margin 5% Net profit $3.41B	Apr 1 – Jun 30, 2025	Aug 11, 2025	$111.62B	+13%	5%	$3.41B	3%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 7, 2025 Operating margin 8% Net profit $6.29B	Jan 1 – Mar 31, 2025	May 7, 2025	$109.58B	+10%	8%	$6.29B	6%