Financials in USD. Standardized financial statements.
A compact view of how UnitedHealth Group Incorporated turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $447.57B | $400.28B | $371.62B | $324.16B | $287.60B | $257.14B | $242.16B | $226.25B | $201.16B | $184.84B |
| Revenue Growth? | +11.8% | +7.7% | +14.6% | +12.7% | +11.8% | +6.2% | +7.0% | +12.5% | +8.8% | 0.0% |
| Cost of Revenue? | $364.65B | $310.88B | $280.66B | $244.54B | $217.94B | $190.14B | $184.56B | $172.40B | $154.15B | $141.45B |
| Gross Profit? | $82.92B | $89.40B | $90.96B | $79.62B | $69.65B | $67.00B | $57.60B | $53.85B | $47.01B | $43.39B |
| Gross Margin? | +18.5% | +22.3% | +24.5% | +24.6% | +24.2% | +26.1% | +23.8% | +23.8% | +23.4% | +23.5% |
| Operating Expenses? | $63.95B | $57.11B | $58.60B | $51.18B | $45.68B | $44.59B | $37.91B | $36.50B | $31.80B | $30.46B |
| Operating Income? | $18.96B | $32.29B | $32.36B | $28.43B | $23.97B | $22.41B | $19.68B | $17.34B | $15.21B | $12.93B |
| EBITDA? | $23.06B | $28.08B | $36.33B | $31.84B | $27.07B | $25.30B | $22.41B | $19.77B | $17.45B | $14.98B |
| Income Before Tax | $14.70B | $20.07B | $29.11B | $26.34B | $22.31B | $20.74B | $17.98B | $15.94B | $14.02B | $11.86B |
| Income Tax Expense | $1.89B | $4.83B | $5.97B | $5.70B | $4.58B | $4.97B | $3.74B | $3.56B | $3.20B | $4.79B |
| Net Income? | $12.06B | $14.40B | $22.38B | $20.12B | $17.29B | $15.40B | $13.84B | $11.99B | $10.56B | $7.02B |
| EPS? | $13.23 | $15.64 | $24.12 | $21.54 | $18.33 | $16.28 | $14.55 | $12.45 | $10.95 | $7.37 |
| Diluted EPS? | $13.23 | $15.51 | $23.86 | $21.18 | $18.08 | $16.03 | $14.33 | $12.19 | $10.72 | $7.25 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality