UnitedHealth Group Inc. logo
UnitedHealth Group Inc. UNH
$ 289.21 -1.93%

Annual report 2025
added 03-02-2026

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UnitedHealth Group Inc. Income Statement 2011-2026 | UNH

Annual Income Statement UnitedHealth Group Inc.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

267 B 433 B 462 B 456 B 472 B 327 B 266 B 260 B 229 B 154 B 110 B 101 B 71.9 B 57.1 B 53.1 B

Shares

908 M 921 M 928 M 937 M 943 M 949 M 948 M 960 M 969 M 952 M 953 M 954 M 988 M 1.02 B 1.04 B

Historical Prices

294 470 498 487 501 345 284 237 207 148 107 90.3 66.2 46.7 43

Net Income

12.1 B 14.4 B 22.4 B 20.1 B 17.3 B 15.4 B 13.8 B 12 B 10.6 B 7.02 B 5.81 B 5.62 B 5.62 B 5.53 B 5.14 B

Revenue

448 B 400 B 372 B 324 B 288 B 257 B 240 B 225 B 200 B 184 B 156 B 130 B 122 B 110 B 101 B

Cost of Revenue

50.7 B 46.7 B 38.8 B 33.7 B 31 B 30.7 B 28.1 B 27 B 24.1 B 24.4 B - - - - -

Gross Profit

- - - - - - 55.7 B 52.5 B 46 B 42.6 B 36.3 B 32.7 B 29.6 B 27.2 B 24.5 B

Operating Income

19 B 32.3 B 32.4 B 28.4 B 24 B 22.4 B 19.7 B 17.3 B 15.2 B 12.9 B 11 B 10.3 B 9.62 B 9.25 B 8.46 B

Interest Expense

4 B 3.91 B 3.25 B 2.09 B 1.66 B 1.66 B 1.7 B 1.4 B 1.19 B 1.07 B 790 M 618 M 708 M 632 M 505 M

EBITDA

23.3 B 36.4 B 36.3 B 31.8 B 27.1 B 25.3 B 20.5 B 18.4 B 16.4 B 14.2 B 12 B 11 B 10.3 B 9.88 B 8.93 B

Operating Expenses

- - - - - - 37.9 B 36.5 B 31.8 B 30.5 B 26 B 23.2 B 20.7 B 18.6 B 16.7 B

General and Administrative Expenses

59.6 B 53 B 54.6 B 47.8 B 42.6 B 41.7 B - - - - - - - - 15.6 B

All numbers in USD currency

Quarterly Income Statement UnitedHealth Group Inc.

2025-Q2 2024-Q4 2024-Q3 2024-Q2 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

Shares

907 M 915 M 923 M 921 M 924 M 926 M 930 M 933 M 934 M 935 M 937 M 941 M 941 M 943 M 944 M 945 M 946 M 950 M 949 M 949 M 948 M 949 M 950 M 958 M 960 M 962 M 961 M 966 M 969 M 968 M 964 M 954 M 952 M 952 M 951 M 953 M 953 M 953 M 952 M 954 M 954 M 969 M 979 M 983 M 988 M 1 B 1.01 B 1.02 B 1.02 B 1.02 B 1.03 B 1.04 B 1.04 B 1.06 B 1.08 B 1.09 B

Net Income

3.41 B - 6.06 B 4.22 B - 5.84 B 5.47 B 5.61 B - 5.26 B 5.07 B 5.03 B - 4.09 B 4.27 B 4.86 B - 3.17 B 6.64 B 3.38 B - 3.54 B 3.29 B 3.47 B - 3.19 B 2.92 B 2.84 B - 2.48 B 2.28 B 2.17 B - 1.97 B 1.75 B 1.61 B - 1.6 B 1.58 B 1.41 B - 1.6 B 1.41 B 1.1 B 1.43 B 1.57 B 1.44 B 1.19 B 1.24 B 1.56 B 1.34 B 1.39 B 1.26 B 1.27 B 1.27 B 1.35 B

Revenue

112 B - 101 B 98.9 B - 92.4 B 92.9 B 91.9 B - 80.9 B 80.3 B 80.1 B - 72.3 B 71.3 B 70.2 B - 65.1 B 62.1 B 64.4 B - 60.4 B 60.6 B 60.3 B - 56.6 B 56.1 B 55.2 B - 50.3 B 50.1 B 48.7 B - 46.3 B 46.5 B 44.5 B - 41.5 B 36.3 B 35.8 B - 32.8 B 32.6 B 31.7 B 31.1 B 30.6 B 30.4 B 30.3 B 28.8 B 27.3 B 27.3 B 27.3 B 25.9 B 25.3 B 25.2 B 25.4 B

Cost of Revenue

13 B - 11.8 B 11.3 B - 9.42 B 9.75 B 9.4 B - 8.31 B 8.6 B 8.49 B - 7.8 B 7.66 B 7.57 B - 7.94 B 7.5 B 7.69 B - 6.63 B 7.6 B 7.38 B - 6.72 B 6.47 B 6.18 B - 6.07 B 5.89 B - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

5.15 B - 8.71 B 7.88 B - 8.53 B 8.06 B 8.09 B - 7.46 B 7.13 B 6.95 B - 5.71 B 5.98 B 6.74 B - 4.65 B 9.24 B 5 B - 5.01 B 4.74 B 4.83 B - 4.59 B 4.2 B 4.05 B - 4.09 B 3.73 B 3.41 B - 3.58 B 3.2 B 2.96 B - 3.02 B 2.9 B 2.64 B - 2.9 B 2.55 B 2.05 B 2.45 B 2.63 B 2.4 B 2.14 B 2.1 B 2.61 B 2.23 B 2.32 B 2.07 B 2.07 B 2.1 B 2.22 B

Interest Expense

1.03 B - 1.07 B 985 M - 834 M 828 M 754 M - 516 M 467 M 433 M - 422 M 410 M 397 M - 395 M 430 M 437 M - 449 M 418 M 400 M - 353 M 344 M 329 M - 294 M 301 M 283 M - 269 M 271 M 259 M - 229 M 151 M 150 M - 152 M 155 M 160 M - 178 M 176 M 178 M - 158 M 153 M 148 M - 129 M 119 M 118 M

EBITDA

6.23 B - 9.75 B 8.9 B - 9.53 B 9.08 B 9.06 B - 8.29 B 7.93 B 7.74 B - 6.51 B 6.76 B 7.5 B - 5.37 B 9.96 B 5.72 B - 5.72 B 5.4 B 5.47 B - 5.2 B 4.8 B 4.64 B - 4.67 B 4.29 B 3.95 B - 4.1 B 3.71 B 3.46 B - 3.47 B 3.27 B 3.02 B - 3.28 B 2.92 B 2.41 B 2.45 B 2.98 B 2.74 B 2.48 B 2.1 B 2.93 B 2.55 B 2.61 B 2.07 B 2.36 B 2.37 B 2.49 B

General and Administrative Expenses

13.8 B - 13.3 B 13.2 B - 13.9 B 13.8 B 13.6 B - 11.7 B 11.7 B 11.4 B - 10.7 B 10.4 B 10.2 B - 10.2 B 10 B 10 B - 8.96 B 8.42 B 8.52 B - 8.48 B 8.39 B 8.51 B - 7.39 B 7.33 B 7.02 B - 7.03 B 6.79 B 6.76 B - 6.18 B 5.74 B 5.83 B - 5.44 B 5.21 B 5.19 B - 4.87 B 4.82 B 4.61 B - 4.28 B 4.08 B 4.1 B - 3.9 B 3.73 B 3.62 B

All numbers in USD currency

The income statement is one of the three key financial reports of a company UnitedHealth Group Inc. (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.

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