UnitedHealth Q1 FY26: 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
- Jan 1 – Mar 31, 2026
- Reported
- May 5, 2026
Revenue$111.7B
+2% year over year
Gross profit$98.9B
89% margin
Operating profit$9.0B
8% margin
Net profit$6.3B
6% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 111.7 | 100% | +2% |
| Cost of revenue | −12.8 | 11% | |
| Gross profit | 98.9 | 89% margin | +0pp |
| SG&A | −15.4 | 14% | +1pp |
| Other | −74.5 | 66% | |
| Operating profit | 9.0 | 8% margin | +0pp |
| Interest & other costs | −1.2 | ||
| Tax | −1.5 | ||
| Net profit | 6.3 | 6% margin | +0pp |
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