FINHUB Insights

UnitedHealth Q4 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
Oct 1 – Dec 31, 2025
Reported
Mar 2, 2026 10-K accession 0000731766-26-000062

Revenue$113.22B +12% year over year
Gross profit$100.54B 89% margin
Operating profit$0.38B 0% margin
Net profit$0.01B 0% margin
100% free

It's free. All of it.

A free account opens every diagram. We send one link to confirm your address, and that is the whole of it.

Already have an account? Sign in

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear 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−12.6811%
Gross profit100.5489% margin+1pp
SG&A−17.0015%+3pp
Other−83.1673%+0pp
Operating profit0.380% margin−7pp
Interest & other costs−1.31
Tax benefit0.94
Net profit0.01 0% margin−5pp

Source of the numbers: tables in the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

60 of 418 companies, most recently reported first