FINHUB Insights

UNH · Q2 FY25 · Apr 1 – Jun 30, 2025

UnitedHealth Q2 FY25: where the revenue came from and where it went

UnitedHealth Q2 FY25: revenue $111.6B (+13% year over year). Net profit $3.4B. Largest cohort Unitedhealthcare $86.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 11, 2025 10-Q
Sankey diagram of UnitedHealth's income statement for Q2 FY25: revenue of $111.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$111.6B +13% year over year
Gross profit$98.6B 88% margin
Operating profit$5.2B 5% margin
Net profit$3.4B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 111.6 100% +13%
Unitedhealthcare 86.1 77% +17%
Optum Health 25.2 23% −7%
Cost of revenue−1312%
Gross profit98.688% margin+0pp
SG&A−13.812%−1pp
Other−79.771%+0pp
Operating profit5.25% margin−3pp
Tax−0.5
Interest & other costs−1.3
Net profit3.43%−1pp
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