Capital Expenditures for UnitedHealth Group (UNH)
According to UnitedHealth Group's latest reported financial statements, the company's current capital expenditures (TTM) is $3.49B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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Latest period
$3.49B
YoY change
+3.5%
5Y CAGR
+12.0%
Peak year (2025)
$3.62B
Cumulative capital expenditures
$39.28B
CapEx history chart for UnitedHealth Group (UNH) from 1989 to 2025
CapEx history table for UnitedHealth Group (UNH) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.62B | +3.5% | ||
| 2024 | $3.50B | +3.3% | ||
| 2023 | $3.39B | +20.8% | ||
| 2022 | $2.80B | +14.2% | ||
| 2021 | $2.45B | +19.6% | ||
| 2020 | $2.05B | -1.0% | ||
| 2019 | $2.07B | +0.4% | ||
| 2018 | $2.06B | +2.0% | ||
| 2017 | $2.02B | +18.7% | ||
| 2016 | $1.71B | +9.6% | ||
| 2015 | $1.56B | +7.5% | ||
| 2014 | $1.45B | +24.6% | ||
| 2013 | $1.16B | +8.5% | ||
| 2012 | $1.07B | +5.1% | ||
| 2011 | $1.02B | +15.9% | ||
| 2010 | $878.00M | +18.8% | ||
| 2009 | $739.00M | -6.6% | ||
| 2008 | $791.00M | -9.2% | ||
| 2007 | $871.00M | +19.6% | ||
| 2006 | $728.00M | +43.0% | ||
| 2005 | $509.00M | +45.4% | ||
| 2004 | $350.00M | -0.6% | ||
| 2003 | $352.00M | -16.0% | ||
| 2002 | $419.00M | -1.4% | ||
| 2001 | $425.00M | +73.5% | ||
| 2000 | $245.00M | +25.0% | ||
| 1999 | $196.00M | -6.7% | ||
| 1998 | $210.00M | +12.3% | ||
| 1997 | $187.00M | +13.2% | ||
| 1996 | $165.22M | +51.3% | ||
| 1995 | $109.23M | +37.2% | ||
| 1994 | $79.61M | +44.0% | ||
| 1993 | $55.30M | +146.9% | ||
| 1992 | $22.40M | +48.3% | ||
| 1991 | $15.10M | +459.3% | ||
| 1990 | $2.70M | -27.0% | ||
| 1989 | $3.70M | — |
CapEx values are taken from UnitedHealth Group's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, UnitedHealth Group (UNH) capital expenditures totalled $3.62B – edged up 3.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, UnitedHealth Group capital expenditures compounded at +12.0% per year, sustaining 5 straight years of year-over-year growth.
The dataset's maximum capital expenditures sits at $3.62B (2025); the minimum reading of $2.70M dates to 1990.
UnitedHealth Group (UNH) sits 5th of 8 Healthcare peers we track on this metric, against a peer median of $3.46B.
UnitedHealth Group Capital Expenditures by Year
UnitedHealth Group Capital Expenditures 2025: $3.62B
UnitedHealth Group capital expenditures in 2025 was $3.62B, edged up 3.5% from 2024. This figure represents the highest annual value in the available history.
UnitedHealth Group Capital Expenditures 2024: $3.50B
UnitedHealth Group capital expenditures in 2024 was $3.50B, edged up 3.3% from 2023.
UnitedHealth Group Capital Expenditures 2023: $3.39B
UnitedHealth Group capital expenditures in 2023 was $3.39B, grew 20.8% from 2022.
UnitedHealth Group Capital Expenditures 2022: $2.80B
UnitedHealth Group capital expenditures in 2022 was $2.80B, grew 14.2% from 2021.
UnitedHealth Group Capital Expenditures 2021: $2.45B
UnitedHealth Group capital expenditures in 2021 was $2.45B.
See more financial history for UnitedHealth Group (UNH).
Sector peers — CapEx
Companies in the same sector as UnitedHealth Group, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $90.11B | Healthcare |
| Eli Lilly and Company (LLY) | $7.84B | Healthcare |
| Johnson & Johnson (JNJ) | $4.83B | Healthcare |
| Merck & Co., Inc. (MRK) | $4.11B | Healthcare |
| AstraZeneca PLC (AZN) | $2.81B | Healthcare |
| Amgen Inc. (AMGN) | $1.86B | Healthcare |
| Thermo Fisher Scientific Inc. (TMO) | $1.52B | Healthcare |
| AbbVie Inc. (ABBV) | $1.21B | Healthcare |
Frequently asked questions
What is UnitedHealth Group's capital expenditures?
- Latest reported capital expenditures for UnitedHealth Group (UNH) is $3.49B (period ending March 31, 2026).
How has UnitedHealth Group capital expenditures changed year-over-year?
- UnitedHealth Group (UNH) capital expenditures changed +3.5% year-over-year on the latest annual filing.
What is the long-term growth rate of UnitedHealth Group capital expenditures?
- UnitedHealth Group (UNH) capital expenditures compound annual growth rate is +12.0% over the most recent 5 years available.
When did UnitedHealth Group capital expenditures hit its highest annual value?
- UnitedHealth Group capital expenditures reached its highest annual value of $3.62B in 2025.
What was UnitedHealth Group capital expenditures in 2024?
- UnitedHealth Group (UNH) capital expenditures in 2024 was $3.50B.
What was UnitedHealth Group capital expenditures in 2025?
- UnitedHealth Group (UNH) capital expenditures in 2025 was $3.62B.
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