FINHUB Insights

UNH · Q3 FY25 · Jul 1 – Sep 30, 2025

UnitedHealth Q3 FY25: where the revenue came from and where it went

UnitedHealth Q3 FY25: revenue $113.2B (+12% year over year). Net profit $2.3B. Largest cohort Unitedhealthcare $87.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 28, 2025 10-Q
Sankey diagram of UnitedHealth's income statement for Q3 FY25: revenue of $113.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$113.2B +12% year over year
Gross profit$100.6B 89% margin
Operating profit$4.3B 4% margin
Net profit$2.3B 2% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 113.2 100% +12%
Unitedhealthcare 87.1 77% +16%
Optum Health 25.9 23% +0%
Cost of revenue−12.611%
Gross profit100.689% margin+1pp
SG&A−15.213%+0pp
Other−81.172%+0pp
Operating profit4.34% margin−5pp
Tax−0.7
Interest & other costs−1.3
Net profit2.32%−4pp
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