UnitedHealth Q2 FY25: where the revenue came from and where it went
The whole income statement of UnitedHealth for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Aug 11, 2025
Revenue$111.62B
+13% year over year
Gross profit$98.60B
88% margin
Operating profit$5.15B
5% margin
Net profit$3.41B
3% margin
The numbers
| 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 |
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