BeStock  

UnitedHealth UNH

US equityMarket cap rank #37Healthcare Plans
$394.15 −$1.57 (-0.40%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $393.94 -0.05%
Open$388.39
Prev close$395.72
Day range$388.00 – $396.96
Volume5.90M
Market cap$353.17B
P/E (TTM)22.5
Dividend yield2.30%

Fundamentals

Latest reported quarter: Q3, ended Sep 2026

Revenue$112.69B-0.4% YoY
Operating profit$6.56B+52.1% YoY
Net profit$4.30B+69.1% YoY
Diluted EPS$4.56+76.1% YoY
Free cash flow$4.26B-15.6% YoY
Operating cash flow$5.12B

Revenue, last 8 quarters

$100.8BDec '24$109.6BMar '25$111.6BJun '25$113.2BSep '25$113.2BDec '25$111.7BMar '26$112.0BJun '26$112.7BSep '26

Net profit, last 8 quarters

$5.8BDec '24$6.5BMar '25$3.6BJun '25$2.5BSep '25$218.0MDec '25$6.5BMar '26$5.7BJun '26$4.3BSep '26

Diluted EPS by quarter

5.98Dec '246.85Mar '253.74Jun '252.59Sep '250.01Dec '256.90Mar '266.04Jun '264.56Sep '26

Free cash flow by quarter

$1.5BDec '24$4.6BMar '25$6.3BJun '25$5.1BSep '25$160.0MDec '25$8.1BMar '26$10.3BJun '26$4.3BSep '26

Annual revenue

$257.1BFY20$287.6BFY21$324.2BFY22$371.6BFY23$400.3BFY24$447.6BFY25

Profitability & balance sheet

Gross margin19.8%
Operating margin5.3%
Net margin3.5%
Return on equity15.9%
Return on assets5.1%
Return on invested capital10.8%
Current ratio0.74
Liabilities / assets66.3%
Cash & investments$28.55B
Total debt$74.33B
Net cash (debt)-$45.78B
Free cash flow / sales5.1%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • UnitedHealthcare$86.02B 56.2%
  • Optum Rx$38.29B 25.0%
  • Optum Health$23.47B 15.3%
  • Optum Insight$5.40B 3.5%

Income statement

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Total Revenue as Reported $112.69B $112.03B $111.72B $447.57B $113.22B
Total Operating Revenue $112.69B $112.03B $111.72B $447.57B $113.22B
Cost of Revenue $90.69B $88.73B $86.31B $364.65B $94.72B
Gross Profit $22.01B $23.30B $25.41B $82.92B $18.49B
Operating Expense $15.44B $15.31B $16.42B $63.95B $18.11B
Depreciation & Amortization & Depletion $1.07B $1.04B $1.03B $4.36B $1.12B
-Depreciation & Amortization $1.07B $1.04B $1.03B $4.36B $1.12B
Other Operating Expenses $14.37B $14.27B $15.39B $59.59B $17.00B
Operating Profit $6.56B $7.99B $8.99B $18.96B $380.00M
Net Non-Operating Interest Income (Expense) -$963.00M -$962.00M -$955.00M -$4.00B -$974.00M
Non-Operating Interest Expense $963.00M $962.00M $955.00M $4.00B $974.00M
Other Income (Expense) -$76.00M -$61.00M -$72.00M -$265.00M -$126.00M
Special Income (Charges) -$76.00M -$61.00M -$72.00M -$265.00M -$126.00M
-Gain on Sale Of Business -$76.00M -$61.00M -$72.00M -$265.00M -$126.00M
Pretax Profit $5.52B $6.97B $7.96B $14.70B -$720.00M
Tax $1.22B $1.30B $1.48B $1.89B -$938.00M
Net Profit $4.30B $5.67B $6.48B $12.81B $218.00M
Profit from Continuing Operations $4.30B $5.67B $6.48B $12.81B $218.00M
Minority Interests $190.00M $186.00M $201.00M $751.00M $208.00M
Net Income to Parent Company $4.11B $5.48B $6.28B $12.06B $10.00M
Net Income to Common Stockholders $4.11B $5.48B $6.28B $12.06B $10.00M
Basic EPS $4.58 $6.06 $6.92 $13.28 $0.01
Diluted EPS $4.56 $6.04 $6.90 $13.23 $0.01
Dividend Per Share $2.32 $2.32 $2.21 $8.73 $2.21

Balance sheet

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Total Assets $312.78B $309.73B $312.64B $309.58B $309.58B
Total Current Assets $85.60B $86.86B $91.13B $90.58B $90.58B
Cash and Cash Equivalents & Short-Term Investments $28.55B $31.47B $31.23B $28.12B $28.12B
Receivables $20.54B $46.30B $51.18B $52.72B $52.72B
-Accounts Receivable $20.54B $21.57B $26.59B $23.02B $23.02B
Other Current Assets $36.50B $9.10B $8.72B $9.75B $9.75B
Total Non-Current Assets $227.19B $222.87B $221.52B $219.00B $219.00B
Investments and Advances $58.06B $57.72B $56.79B $54.25B $54.25B
Other Non-Current Assets $169.12B $24.00B $23.46B $23.01B $23.01B
Total Liabilities $207.24B $203.78B $207.33B $207.88B $207.88B
Total Current Liabilities $115.84B $111.82B $114.12B $114.90B $114.90B
Payables $39.35B $78.67B $78.29B $77.37B $77.37B
-Accounts Payable $39.35B $78.67B $78.29B $77.37B $77.37B
Short-Term Debt and Capital Lease Obligation $5.62B $3.83B $6.48B $6.07B $6.07B
-Current Debt $5.62B $3.83B $6.48B $6.07B $6.07B
Other Current Liabilities $70.87B $26.34B $25.94B $28.05B $28.05B
Total Non-Current Liabilities $91.40B $91.96B $93.20B $92.99B $92.99B
Long Term Debt and Capital Lease Obligation $68.71B $69.50B $71.44B $72.32B $72.32B
-Long Term Debt $68.71B $69.50B $71.44B $72.32B $72.32B
Other Non-Current Liabilities $22.69B $19.74B $18.90B $18.25B $18.25B
Total Equity $105.55B $105.95B $105.32B $101.70B $101.70B
Stockholders' Equity $104.13B $98.45B $97.88B $94.11B $94.11B
Minority Interests $1.42B $7.50B $7.44B $7.59B $7.59B
-Cash and Cash Equivalents – $28.59B $28.00B $24.37B $24.37B
-Short Term Investments – $2.88B $3.23B $3.76B $3.76B
-Other Receivables – $24.72B $24.59B $29.70B $29.70B
Net PPE – $10.76B $10.67B $10.76B $10.76B
Goodwill and Other Intangible Assets – $130.39B $130.61B $130.97B $130.97B
-Goodwill – $110.65B $110.51B $110.50B $110.50B
-Other Intangible Assets – $19.75B $20.09B $20.47B $20.47B
Current Deferred Liabilities – $2.99B $3.42B $3.41B $3.41B
Non-Current Deferred Liabilities – $2.72B $2.86B $2.42B $2.42B
Capital Stock – $9.00M $9.00M $9.00M $9.00M
-Common Stock – $9.00M $9.00M $9.00M $9.00M
-Preferred Stock – $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital – $0.00 $556.00M $559.00M $559.00M
Retained Earnings – $100.96B $99.88B $95.60B $95.60B
Gains/Losses Not Affecting Retained Earnings – -$2.52B -$2.56B -$2.06B -$2.06B
-Gross PPE – – – $18.31B $18.31B
-Accumulated Depreciation – – – -$7.55B -$7.55B

Cash flow

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Operating Cash Flow $5.12B $11.05B $8.91B $19.70B $1.11B
Net cash flow from continuing operations $5.12B $11.05B $8.91B $19.70B $1.11B
Net Income from Continuing Operations $4.30B $5.67B $6.48B $12.81B $218.00M
Gain/Loss from Continuing Operations $76.00M $61.00M $72.00M $265.00M $126.00M
Depreciation & Depletion & Amortization $1.07B $1.04B $1.03B $4.36B $1.12B
Deferred Tax -$296.00M -$129.00M $540.00M -$1.75B -$733.00M
Change in Working Capital -$484.00M $4.07B $746.00M $2.28B -$495.00M
Net cash flow from investing -$4.57B -$1.80B -$2.45B -$8.69B -$2.61B
Net Cash Flow from Continuing Investing Activities -$4.57B -$1.80B -$2.45B -$8.69B -$2.61B
Net PPE Purchase and Sale -$859.00M -$799.00M -$763.00M -$3.62B -$948.00M
Net Business Purchase and Sale -$1.44B -$98.00M $0.00 -$4.51B -$73.00M
Net Investment Purchase and Sale -$1.74B -$399.00M -$2.35B $361.00M -$1.30B
Net Other Investing Changes -$539.00M -$502.00M $668.00M -$915.00M -$294.00M
Financing Cash Flow -$3.42B -$8.62B -$2.99B -$11.64B -$1.03B
Net Cash Flow from Continuing Financing Activities -$3.42B -$8.62B -$2.99B -$11.64B -$1.03B
Net Issuance Payments Of Debt $1.74B -$4.41B -$400.00M $726.00M -$1.71B
Net Common Stock Issuance -$3.74B -$1.52B $231.00M -$4.72B $24.00M
Cash Dividends Paid -$2.08B -$2.09B -$2.01B -$7.92B -$2.00B
Net Other Financing Charges $666.00M -$605.00M -$818.00M $264.00M $2.66B
Ending Cash Balance $25.85B $28.59B $28.00B $24.37B $24.37B
Net Change in Cash -$2.87B $631.00M $3.47B -$632.00M -$2.53B
Beginning Cash Balance $28.59B $28.00B $24.37B $25.31B $27.21B
Effect of Exchange Rate Changes -$8.00M $4.00M -$7.00M $40.00M $15.00M
Free Cash Flow $4.26B $10.25B $8.15B $16.08B $160.00M
Other Non-Cash Items – $69.00M -$304.00M $763.00M $699.00M
-Change in Receivables – $5.03B -$3.54B -$764.00M -$829.00M
-Change in Payables and Accrued Expense – -$619.00M $1.35B $7.49B $1.73B
-Change in Other Current Assets – $101.00M $2.92B -$4.61B -$1.50B
-Change In Other Working Capital – -$442.00M $20.00M $163.00M $107.00M

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