UnitedHealth Group Income Statement

UNH / Health Care|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

UnitedHealth Group reported $447.6B in revenue and $12.1B in net income for FY2025. Revenue has grown at a 12.4% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$447.6B	$400.3B	$371.6B	$257.1B	$242.2B	$226.2B	$201.2B	$184.8B	$157.1B	$130.5B	$157.1B	$130.5B	$101.9B	$94.2B	$87.1B
Cost of Revenue	$50.7B	$46.7B	$38.8B	$30.7B	$28.1B	$27.0B	$24.1B	$24.4B	$16.2B	$3.8B	$16.2B	$3.8B	$2.4B	$2.1B	$1.8B
SG&A Expense	$59.6B	$53.0B	$54.6B	$41.7B	$35.2B	$34.1B	$29.6B	$28.4B	$24.3B	$21.3B	$24.3B	$21.3B	$15.6B	$14.3B	$12.7B
Operating Income	$19.0B	$32.3B	$32.4B	$22.4B	$19.7B	$17.3B	$15.2B	$12.9B	$11.0B	$10.3B	$11.0B	$10.3B	$8.5B	$7.9B	$6.4B
Interest Expense	$4.0B	$3.9B	$3.2B	$1.7B	$1.7B	$1.4B	$1.2B	$1.1B	$790.0M	$618.0M	$790.0M	$618.0M	$505.0M	$481.0M	$551.0M
Income Tax	$1.9B	$4.8B	$6.0B	$5.0B	$3.7B	$3.6B	$3.2B	$4.8B	$4.4B	$4.0B	$4.4B	$4.0B	$2.8B	$2.7B	$2.0B
Net Income	$12.1B	$14.4B	$22.4B	$15.4B	$13.8B	$12.0B	$10.6B	$7.0B	$5.8B	$5.6B	$5.8B	$5.6B	$5.1B	$4.6B	$3.8B
EPS (Basic)	$24.12	$21.47	$18.33	$16.23	$14.55	$12.45	$10.95	$7.37	$6.10	$5.78	$5.59	$5.38	$4.81	$4.14	$3.27
EPS (Diluted)	$23.86	$21.18	$18.08	$16.03	$14.33	$12.19	$10.72	$7.25	$6.01	$5.70	$5.50	$5.28	$4.73	$4.10	$3.24
Shares Outstanding	915.0M	924.0M	934.0M	941.0M	946.0M	948.0M	960.0M	969.0M	952.0M	953.0M	954.0M	988.0M	1.0B	1.0B	1.1B
Operating Margin	4.2%	8.1%	8.7%	8.7%	8.1%	7.7%	7.6%	7.0%	7.0%	7.9%	7.0%	7.9%	8.3%	8.3%	7.3%
Profit Margin	2.7%	3.6%	6.0%	6.0%	5.7%	5.3%	5.3%	3.8%	3.7%	4.3%	3.7%	4.3%	5.1%	4.9%	4.4%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

UnitedHealth Group Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$447.6B

$400.3B

$371.6B

$257.1B

$242.2B

$226.2B

$201.2B

$184.8B

$157.1B

$130.5B

$157.1B

$130.5B

$101.9B

$94.2B

$87.1B

Cost of Revenue

$50.7B

$46.7B

$38.8B

$30.7B

$28.1B

$27.0B

$24.1B

$24.4B

$16.2B

$3.8B

$16.2B

$3.8B

$2.4B

$2.1B

$1.8B

SG&A Expense

$59.6B

$53.0B

$54.6B

$41.7B

$35.2B

$34.1B

$29.6B

$28.4B

$24.3B

$21.3B

$24.3B

$21.3B

$15.6B

$14.3B

$12.7B

Operating Income

$19.0B

$32.3B

$32.4B

$22.4B

$19.7B

$17.3B

$15.2B

$12.9B

$11.0B

$10.3B

$11.0B

$10.3B

$8.5B

$7.9B

$6.4B

Interest Expense

$4.0B

$3.9B

$3.2B

$1.7B

$1.4B

$1.2B

$1.1B

$790.0M

$618.0M

$790.0M

$618.0M

$505.0M

$481.0M

$551.0M

Income Tax

$1.9B

$4.8B

$6.0B

$5.0B

$3.7B

$3.6B

$3.2B

$4.8B

$4.4B

$4.0B

$4.4B

$4.0B

$2.8B

$2.7B

$2.0B

Net Income

$12.1B

$14.4B

$22.4B

$15.4B

$13.8B

$12.0B

$10.6B

$7.0B

$5.8B

$5.6B

$5.8B

$5.6B

$5.1B

$4.6B

$3.8B

EPS (Basic)

$24.12

$21.47

$18.33

$16.23

$14.55

$12.45

$10.95

$7.37

$6.10

$5.78

$5.59

$5.38

$4.81

$4.14

$3.27

EPS (Diluted)

$23.86

$21.18

$18.08

$16.03

$14.33

$12.19

$10.72

$7.25

$6.01

$5.70

$5.50

$5.28

$4.73

$4.10

$3.24

Shares Outstanding

915.0M

924.0M

934.0M

941.0M

946.0M

948.0M

960.0M

969.0M

952.0M

953.0M

954.0M

988.0M

1.0B

1.1B

Operating Margin

4.2%

8.1%

8.7%

8.1%

7.7%

7.6%

7.0%

7.9%

7.0%

7.9%

8.3%

7.3%

Profit Margin

2.7%

3.6%

6.0%

5.7%

5.3%

3.8%

3.7%

4.3%

3.7%

4.3%

5.1%

4.9%

4.4%