Export financials
Universal Health Services (UHS)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Universal Health Services Income Statement 2025-2007 | UHS
Brief overview of financial performance at Universal Health Services
The conclusions below are based on five years of reported results. Universal Health Services reported revenue of $11.6 billion in 2020 and $17.4 billion by 2025. The total change was +50.2%, with a CAGR of approximately 8.5%. The direction is positive, but the growth rate is not particularly high.
Gross profit was 5.9 billion dollars at the start and 9.3 billion dollars at the end of the period (+56.1%). The relationship between sales and direct costs improved over the period. The gross margin was 51.4% at the start and 53.4% at the end. A wider margin shows that the economics of the core business improved.
Over the period, EBITDA shifted from $1.9 billion to $2.6 billion, a change of +39.8%. EBITDA lagged revenue, showing weaker operating momentum. The EBITDA share of revenue changed from 16.2% to 15%. Operating efficiency did not change materially.
The net result moved from $944 million to $1.5 billion, or +57.7%. The latest figure was the best within the selected horizon.
Market capitalization changed from $11.6 billion to $14.8 billion (+27.2%). The market broadly confirmed the positive direction of the business.
Summary assessment
The results present an uneven picture without one dominant signal. The positive side is supported by net-income growth, sales growth and better sales economics. Caution is warranted because of a declining EBITDA margin. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Universal Health Services
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
14.8 B | 12 B | 11.4 B | 10.7 B | 10.7 B | 11.6 B | 12.5 B | 12.4 B | 11.7 B | 11 B | 11.1 B | 10.1 B | 7.93 B | 5.5 B | 4.01 B | 4.06 B | 2.76 B | 3.23 B | - |
Shares |
63.6 M | 66.6 M | 69.3 M | 73.1 M | 82.5 M | 85.1 M | 88.8 M | 93.3 M | 95.7 M | 97.2 M | 98.8 M | 98.8 M | 98 M | 96.8 M | 97.2 M | 96.8 M | 97.8 M | 101 M | - |
Historical Prices |
232 | 181 | 165 | 146 | 129 | 137 | 142 | 115 | 111 | 104 | 117 | 108 | 78.9 | 46.4 | 37.1 | 41.9 | 28.2 | 31.9 | 31.3 |
Net Income |
1.49 B | 1.14 B | 718 M | 676 M | 992 M | 944 M | 815 M | 780 M | 752 M | 702 M | 681 M | 545 M | 511 M | 443 M | 398 M | 230 M | 260 M | 199 M | - |
Revenue |
17.4 B | 15.8 B | 14.3 B | 13.4 B | 12.6 B | 11.6 B | 11.4 B | 10.8 B | 10.4 B | 9.77 B | 9.04 B | 8.07 B | 7.28 B | 6.96 B | 7.5 B | - | - | - | - |
Cost of Revenue |
8.08 B | 7.52 B | 7.11 B | 6.76 B | 6.16 B | 5.61 B | 5.59 B | 5.25 B | 4.98 B | 4.59 B | 4.21 B | 3.85 B | 3.6 B | 3.44 B | 3.33 B | 2.36 B | 2.2 B | 2.13 B | - |
Gross Profit |
9.28 B | 8.31 B | 7.17 B | 6.64 B | 6.48 B | 5.95 B | 10.1 B | 9.6 B | 9.3 B | 8.73 B | 8.07 B | 7.17 B | 6.46 B | 6.16 B | 3.28 B | - | - | - | - |
Operating Income |
1.99 B | 1.68 B | 1.18 B | 1 B | 1.36 B | 1.36 B | 1.22 B | 1.18 B | 1.28 B | 1.28 B | 1.26 B | 1.06 B | 1.02 B | 943 M | 897 M | 506 M | 521 M | 410 M | - |
Interest Expense |
156 M | 186 M | 207 M | 127 M | 83.7 M | 106 M | 163 M | 155 M | 145 M | 125 M | 113 M | 134 M | 146 M | 179 M | 201 M | 77.6 M | 45.8 M | 53.2 M | - |
EBITDA |
2.61 B | 2.27 B | 1.74 B | 1.59 B | 1.9 B | 1.87 B | 1.71 B | 1.63 B | 1.73 B | 1.69 B | 1.64 B | 1.45 B | 1.29 B | 1.24 B | 1.19 B | 730 M | 725 M | 606 M | - |
Operating Expenses |
15.4 B | 14.1 B | 13.1 B | 12.4 B | 11.3 B | 10.2 B | 8.91 B | 8.43 B | 8.02 B | 7.46 B | 6.83 B | 6.1 B | 5.51 B | 5.22 B | 2.39 B | 4.39 B | 4.68 B | 4.61 B | - |
General and Administrative Expenses |
- | - | - | - | - | - | 5.7 B | 5.36 B | 5.08 B | 4.68 B | 4.31 B | 3.94 B | 3.7 B | 3.54 B | 91.8 M | - | - | - | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Income Statement Universal Health Services
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
58.8 M | 59.7 M | 61.1 M | -519 K | 63 M | 64.4 M | 65 M | -319 K | 66.5 M | 66.9 M | 67.2 M | -504 K | 68.9 M | 70.1 M | 70.5 M | -651 K | 72.6 M | 73.7 M | 75 M | -1.24 M | 82.3 M | 84.2 M | 84.8 M | -111 K | 84.7 M | 84.6 M | 86.2 M | -526 K | 88 M | 89.1 M | 90.8 M | -363 K | 92.8 M | 93.8 M | 94.2 M | -374 K | 95.2 M | 96.2 M | 96.6 M | -70 K | 97.1 M | 97.1 M | 97.6 M | -127 K | 98.9 M | 99 M | 98.9 M | -6 K | 99.1 M | 98.9 M | 98.6 M | 68 M | 98.2 M | 98 M | 97.7 M | 120 M | 96.8 M | 96.7 M | 96.6 M | 97.1 M | 97.4 M | 97.6 M | 97.4 M | - | 96.8 M | 96.7 K |
Net Income |
309 M | 358 M | 349 M | 446 M | 373 M | 353 M | 317 M | 332 M | 259 M | 289 M | 262 M | 216 M | 167 M | 171 M | 163 M | 175 M | 183 M | 159 M | 151 M | 236 M | 219 M | 325 M | 209 M | 308 M | 244 M | 257 M | 144 M | 248 M | 101 M | 241 M | 237 M | 164 M | 175 M | 231 M | 229 M | 225 M | 145 M | 190 M | 211 M | 179 M | 157 M | 195 M | 216 M | 191 M | 164 M | 201 M | 194 M | 190 M | 96 M | 167 M | 152 M | 133 M | 123 M | 168 M | 130 M | 148 M | 81.4 M | 117 M | 143 M | 108 M | 94.8 M | 116 M | 130 M | 50.8 M | 55.6 M | 65.6 M |
Revenue |
4.73 B | 4.64 B | 4.5 B | 4.49 B | 4.5 B | 4.28 B | 4.1 B | 4.11 B | 3.96 B | 3.91 B | 3.84 B | 3.7 B | 3.56 B | 3.55 B | 3.47 B | 3.45 B | 3.34 B | 3.32 B | 3.29 B | 3.28 B | 3.16 B | 3.2 B | 3.01 B | 3.09 B | 2.91 B | 2.73 B | 2.83 B | 2.9 B | 2.82 B | 2.86 B | 2.8 B | 2.75 B | 2.65 B | 2.68 B | 2.69 B | 2.64 B | 2.54 B | 2.61 B | 2.61 B | 2.48 B | 2.41 B | 2.43 B | 2.45 B | 2.32 B | 2.23 B | 2.28 B | 2.23 B | 2.18 B | 2.04 B | 2.05 B | 1.94 B | 1.8 B | 1.82 B | 1.83 B | 1.83 B | 1.76 B | 1.68 B | 1.72 B | 1.79 B | 1.66 B | 1.66 B | 1.71 B | 1.76 B | - | - | - |
Cost of Revenue |
2.21 B | 2.14 B | 2.09 B | 2.05 B | 2.07 B | 2.01 B | 1.95 B | 1.91 B | 1.91 B | 1.86 B | 1.84 B | 1.8 B | 1.78 B | 1.77 B | 1.75 B | 1.7 B | 1.68 B | 1.69 B | 1.69 B | 1.62 B | 1.56 B | 1.49 B | 1.5 B | 1.47 B | 1.41 B | 1.31 B | 1.43 B | 1.43 B | 1.41 B | 1.38 B | 1.37 B | 1.33 B | 1.32 B | 1.31 B | 1.3 B | 1.25 B | 1.25 B | 1.24 B | 1.24 B | 1.16 B | 1.15 B | 1.13 B | 1.15 B | 1.08 B | 1.06 B | 1.04 B | 1.03 B | 995 M | 954 M | 962 M | 935 M | 902 M | 903 M | 897 M | 902 M | 876 M | 838 M | 855 M | 872 M | 834 M | 829 M | 837 M | 846 M | - | 573 M | 564 M |
Gross Profit |
2.52 B | 2.5 B | 2.41 B | 2.44 B | 2.42 B | 2.27 B | 2.15 B | 2.21 B | 2.05 B | 2.05 B | 2 B | 1.9 B | 1.78 B | 1.78 B | 1.71 B | 1.75 B | 1.66 B | 1.63 B | 1.6 B | 1.65 B | 1.6 B | 1.71 B | 1.52 B | 1.62 B | 1.51 B | 1.42 B | 1.4 B | 1.46 B | 1.41 B | 1.47 B | 1.44 B | 1.42 B | 1.33 B | 1.38 B | 1.39 B | 1.39 B | 1.29 B | 1.38 B | 1.37 B | 1.32 B | 1.26 B | 1.3 B | 1.3 B | 1.24 B | 1.17 B | 1.23 B | 1.19 B | 1.18 B | 1.09 B | 1.09 B | 1 B | 899 M | 913 M | 938 M | 929 M | 889 M | 842 M | 868 M | 921 M | 829 M | 834 M | 878 M | 912 M | - | - | - |
Operating Income |
454 M | 517 M | 503 M | 517 M | 522 M | 500 M | 455 M | 472 M | 384 M | 436 M | 389 M | 331 M | 285 M | 280 M | 279 M | 261 M | 276 M | 233 M | 233 M | 314 M | 315 M | 439 M | 296 M | 414 M | 350 M | 358 M | 237 M | 341 M | 189 M | 346 M | 340 M | 260 M | 257 M | 324 M | 334 M | 339 M | 257 M | 330 M | 354 M | 314 M | 278 M | 333 M | 356 M | 322 M | 275 M | 335 M | 327 M | 322 M | 177 M | 293 M | 271 M | 243 M | 225 M | 304 M | 244 M | 275 M | 169 M | 230 M | 269 M | 209 M | 196 M | 232 M | 260 M | - | 105 M | 130 M |
Interest Expense |
15.7 M | 2.36 M | 3.39 M | 106 M | 13.6 M | 8.48 M | 5.66 M | 5.55 M | 2.03 M | -5.49 M | 150 K | 3.52 M | -11.5 M | -6.6 M | -13.7 M | 4.84 M | -6.02 M | 1.97 M | -11.2 M | 12.3 M | -6.72 M | 9.13 M | -835 K | 8.3 M | -1.83 M | 3.1 M | -9.56 M | 19.3 M | -9.41 M | 7.73 M | -4.5 M | -12.5 M | 11.4 M | 15.3 M | 37.6 M | -108 M | 37 M | 35.9 M | 35.5 M | -62.6 M | 32.1 M | 30.4 M | 29.6 M | - | 27.1 M | 27.7 M | 30 M | - | 32.1 M | 35.1 M | 35.2 M | - | 32.3 M | 38.2 M | 39.9 M | - | 45.2 M | 45.9 M | 46.7 M | - | 48.5 M | 49.8 M | 56.4 M | - | 11.5 M | 12.3 M |
EBITDA |
629 M | 684 M | 658 M | 656 M | 677 M | 652 M | 603 M | 594 M | 534 M | 584 M | 530 M | 444 M | 423 M | 424 M | 420 M | 372 M | 422 M | 377 M | 377 M | 415 M | 449 M | 573 M | 427 M | 516 M | 476 M | 484 M | 361 M | 434 M | 310 M | 467 M | 460 M | 335 M | 369 M | 434 M | 447 M | 393 M | 368 M | 443 M | 465 M | 356 M | 381 M | 435 M | 460 M | 364 M | 375 M | 433 M | 426 M | 359 M | 270 M | 384 M | 364 M | 280 M | 312 M | 386 M | 324 M | 323 M | 246 M | 303 M | 341 M | 255 M | 269 M | 303 M | 332 M | - | 268 M | 237 M |
Operating Expenses |
4.28 B | 4.12 B | 3.99 B | 3.97 B | 3.97 B | 3.78 B | 3.64 B | 3.64 B | 3.58 B | 3.47 B | 3.45 B | 3.37 B | 3.28 B | 3.27 B | 3.19 B | 3.19 B | 3.06 B | 3.09 B | 3.06 B | 2.96 B | 2.84 B | 2.76 B | 2.72 B | 2.67 B | 2.56 B | 2.37 B | 2.59 B | 2.56 B | 2.63 B | 2.51 B | 2.46 B | 2.49 B | 2.39 B | 2.36 B | 2.35 B | 2.3 B | 2.28 B | 2.28 B | 2.26 B | 2.16 B | 2.13 B | 2.1 B | 2.09 B | 1.99 B | 1.95 B | 1.94 B | 1.9 B | 1.85 B | 1.86 B | 1.76 B | 1.67 B | 1.64 B | 1.59 B | 1.53 B | 1.59 B | 1.49 B | 1.51 B | 1.49 B | 1.52 B | 1.45 B | 1.47 B | 1.48 B | 1.5 B | - | 1.22 B | 1.21 B |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Universal Health Services (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.