FINHUB Insights

UNH · Q1 FY25 · Jan 1 – Mar 31, 2025

UnitedHealth Q1 FY25: where the revenue came from and where it went

UnitedHealth Q1 FY25: revenue $109.6B (+10% year over year). Net profit $6.3B. Largest cohort Unitedhealthcare $84.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
May 7, 2025 10-Q
Sankey diagram of UnitedHealth's income statement for Q1 FY25: revenue of $109.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$109.6B +10% year over year
Gross profit$97.2B 89% margin
Operating profit$9.1B 8% margin
Net profit$6.3B 6% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 109.6 100% +10%
Unitedhealthcare 84.6 77% +12%
Optum Health 25.3 23% −5%
Cost of revenue−12.411%
Gross profit97.289% margin+0pp
SG&A−13.612%−2pp
Other−74.568%+0pp
Operating profit9.18% margin+0pp
Tax−1.6
Interest & other costs−1.2
Net profit6.36%+7pp
Filing on EDGAR More quarters of UNH

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters