Free Cash Flow for UnitedHealth Group (UNH)
Free Cash Flow for UnitedHealth Group (UNH): headline value $19.67B · YoY -22.4%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$19.67B
YoY change
-22.4%
5Y CAGR
-4.4%
Peak year (2023)
$25.68B
Latest annual
$16.07B
Free Cash Flow history chart for UnitedHealth Group (UNH) from 1989 to 2025
Free Cash Flow history table for UnitedHealth Group (UNH) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $16.07B | -22.4% | ||
| 2024 | $20.70B | -19.4% | ||
| 2023 | $25.68B | +9.7% | ||
| 2022 | $23.40B | +17.7% | ||
| 2021 | $19.89B | -1.2% | ||
| 2020 | $20.12B | +22.8% | ||
| 2019 | $16.39B | +20.1% | ||
| 2018 | $13.65B | +17.9% | ||
| 2017 | $11.57B | +43.1% | ||
| 2016 | $8.09B | -1.1% | ||
| 2015 | $8.18B | +23.9% | ||
| 2014 | $6.60B | +13.3% | ||
| 2013 | $5.83B | -4.2% | ||
| 2012 | $6.08B | +2.3% | ||
| 2011 | $5.95B | +10.3% | ||
| 2010 | $5.39B | +10.4% | ||
| 2009 | $4.89B | +41.7% | ||
| 2008 | $3.45B | -31.1% | ||
| 2007 | $5.01B | -13.7% | ||
| 2006 | $5.80B | +51.9% | ||
| 2005 | $3.82B | +0.8% | ||
| 2004 | $3.79B | +42.8% | ||
| 2003 | $2.65B | +32.3% | ||
| 2002 | $2.00B | +41.2% | ||
| 2001 | $1.42B | +11.2% | ||
| 2000 | $1.28B | +28.5% | ||
| 1999 | $993.00M | +15.3% | ||
| 1998 | $861.00M | +73.6% | ||
| 1997 | $496.00M | +24.9% | ||
| 1996 | $397.04M | +22.1% | ||
| 1995 | $325.05M | +31.8% | ||
| 1994 | $246.65M | +10.4% | ||
| 1993 | $223.50M | +34.2% | ||
| 1992 | $166.60M | +49.0% | ||
| 1991 | $111.80M | +104.0% | ||
| 1990 | $54.80M | +46.5% | ||
| 1989 | $37.40M | — |
Free Cash Flow 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) free cash flow totalled $16.07B – declined 22.4% year-over-year.
Over 2020–2025 (5 years), UnitedHealth Group free cash flow expanded at a -4.4% compound annual rate, with a net decline across the window.
UnitedHealth Group free cash flow plunged from $25.68B in 2023 to $16.07B in 2025, a 37.4% drawdown.
2023 marks the peak free cash flow at $25.68B, with the historical low of $37.40M recorded in 1989.
Among 8 Healthcare peers, UnitedHealth Group (UNH) ranks 4th; the peer median for free cash flow is $12.06B.
UnitedHealth Group Free Cash Flow by Year
UnitedHealth Group Free Cash Flow 2025: $16.07B
UnitedHealth Group free cash flow in 2025 was $16.07B, declined 22.4% below 2024.
UnitedHealth Group Free Cash Flow 2024: $20.70B
UnitedHealth Group free cash flow in 2024 was $20.70B, declined 19.4% below 2023.
UnitedHealth Group Free Cash Flow 2023: $25.68B
UnitedHealth Group free cash flow in 2023 was $25.68B, grew 9.7% from 2022. This figure represents the highest annual value in the available history.
UnitedHealth Group Free Cash Flow 2022: $23.40B
UnitedHealth Group free cash flow in 2022 was $23.40B, grew 17.7% from 2021.
UnitedHealth Group Free Cash Flow 2021: $19.89B
UnitedHealth Group free cash flow in 2021 was $19.89B.
See more financial history for UnitedHealth Group (UNH).
Sector peers — Free Cash Flow
Companies in the same sector as UnitedHealth Group, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $28.99B | Healthcare |
| Johnson & Johnson (JNJ) | $19.70B | Healthcare |
| AbbVie Inc. (ABBV) | $17.82B | Healthcare |
| Merck & Co., Inc. (MRK) | $12.36B | Healthcare |
| AstraZeneca PLC (AZN) | $11.77B | Healthcare |
| Eli Lilly and Company (LLY) | $8.97B | Healthcare |
| Amgen Inc. (AMGN) | $8.10B | Healthcare |
| Thermo Fisher Scientific Inc. (TMO) | $6.29B | Healthcare |
Frequently asked questions
What is UnitedHealth Group's free cash flow?
Latest reported free cash flow for UnitedHealth Group (UNH) is $19.67B (period ending March 31, 2026).
How has UnitedHealth Group free cash flow changed year-over-year?
UnitedHealth Group (UNH) free cash flow changed -22.4% year-over-year on the latest annual filing.
What is the long-term growth rate of UnitedHealth Group free cash flow?
UnitedHealth Group (UNH) free cash flow compound annual growth rate is -4.4% over the most recent 5 years available.
When did UnitedHealth Group free cash flow hit its highest annual value?
UnitedHealth Group free cash flow reached its highest annual value of $25.68B in 2023.
What was UnitedHealth Group free cash flow in 2024?
UnitedHealth Group (UNH) free cash flow in 2024 was $20.70B.
What was UnitedHealth Group free cash flow in 2025?
UnitedHealth Group (UNH) free cash flow in 2025 was $16.07B.
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