FINHUB Insights

UNH · Q4 FY25 · Dec 31, 2025

UnitedHealth Q4 FY25: where the revenue came from and where it went

UnitedHealth Q4 FY25: revenue $113.2B (+12% year over year). Net profit $0B. Largest cohort Products $53.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Dec 31, 2025
Reported
Mar 2, 2026 10-K
Sankey diagram of UnitedHealth's income statement for Q4 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$100.5B 89% margin
Operating profit$0.4B 0% margin
Net profit$0B 0% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 113.2 100% +12%
Products 53.4 47% +6%
Services 38 34% +6%
Optum Insight 19.4 17% +4%
Other 2.4 2%
Cost of revenue−12.711%
Gross profit100.589% margin+1pp
SG&A−1715%+3pp
Other−83.273%+0pp
Operating profit0.40% margin−7pp
Interest & other costs−1.3
Net profit00%−5pp
Filing on EDGAR More quarters of UNH

Source of the numbers: tables in the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters