UnitedHealth Group (UNH): financials, SEC filings and peers
UnitedHealth Group (UNH) is a managed health care company in the Health Care sector of the S&P 500, headquartered in Eden Prairie, Minnesota.
It was founded in 1977 and joined the S&P 500 on July 1, 1994.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Hospital & Medical Service Plans”.
UnitedHealth Group at a glance
- Revenue (12 months)
- $450.1B
- Revenue growth
- +6.5%
- Operating margin
- 4.8%
- Net income (12 months)
- $14.1B
- Free cash flow (12 months)
- $23.6B
- Cash
- $28.6B
- Debt
- $73.3B
- Diluted EPS (12 months)
- $15.55
Twelve months to June 30, 2026, from the 10-Q filed August 10, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, UnitedHealth Group reported revenue of $450.1 billion, about the same as a year earlier (+6.5%).
Its operating margin was 4.8%, down 2.5 percentage points from a year earlier: for every $100 of sales, about $5 was left as operating profit.
Net income was $14.1 billion (3.1% of revenue), 33.7% lower than a year earlier.
Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.
Operating cash flow was $27.0 billion and capital spending $3.4 billion, leaving free cash flow of $23.6 billion (5.2% of revenue).
At the end of the period it held $28.6 billion in cash and $73.3 billion in debt, a net debt position of $44.7 billion.
Five-year trend
- Revenue went from $257.1 billion in fiscal 2020 to $447.6 billion in fiscal 2025, about 11.7% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin narrowed from 8.7% to 4.2% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $287.6B | $324.2B | $371.6B | $400.3B | $447.6B |
| Revenue growth | 11.8% | 12.7% | 14.6% | 7.7% | 11.8% |
| Operating margin | 8.3% | 8.8% | 8.7% | 8.1% | 4.2% |
| Net income | $17.3B | $20.1B | $22.4B | $14.4B | $12.1B |
| Free cash flow | $19.9B | $23.4B | $25.7B | $20.7B | $16.1B |
| Diluted EPS | $18.08 | $21.18 | $23.86 | $15.51 | $13.23 |
Fiscal years as reported in UnitedHealth Group’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 8, 2026 — Regulation FD disclosure
- 10-Q filed August 10, 2026 — quarterly report
- 8-K filed July 16, 2026 — Earnings results
- 8-K filed June 5, 2026 — Shareholder vote results
- 8-K filed May 11, 2026 — Regulation FD disclosure
- 10-Q filed May 5, 2026 — quarterly report
- 8-K filed April 21, 2026 — Earnings results
Companies like UnitedHealth Group
Other S&P 500 companies in Managed Health Care:
- CNCCentene CorporationSt. Louis, Missouri
- ELVElevance HealthIndianapolis, Indiana
- HUMHumanaLouisville, Kentucky
More from Health Care
Questions about UnitedHealth Group
Is UnitedHealth Group's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $450.1 billion, up 6.5% from a year earlier, according to its SEC filings.
Is UnitedHealth Group profitable?
Yes. It earned $14.1 billion in net income over the twelve months to June 30, 2026, a net margin of 3.1%.
Does UnitedHealth Group have more cash or more debt?
At June 30, 2026 it had $28.6 billion in cash and $73.3 billion in debt, so more debt than cash.
When did UnitedHealth Group last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 10, 2026.
Which companies are similar to UnitedHealth Group?
In the S&P 500, UnitedHealth Group is grouped in Managed Health Care within the Health Care sector. Centene Corporation (CNC), Elevance Health (ELV), Humana (HUM) are in the same group.
Understand the numbers
Source: UnitedHealth Group’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.