TTM
18.8%
YoY change
−3.81pp
Trough year (2004)
-77.0%
Peak year (1985)
48.4%
Latest annual
18.5%
Gross Margin history chart for UnitedHealth Group (UNH) from 1985 to 2025
Latest: 18.5%
Gross Margin change chart for UnitedHealth Group (UNH) from 1985 to 2025
Latest: −3.81pp
Gross Margin history table for UnitedHealth Group (UNH) from 1985 to 2025
| 2025 | 18.5% | -3.81pp | ||
| 2024 | 22.3% | -2.14pp | ||
| 2023 | 24.5% | -0.08pp | ||
| 2022 | 24.6% | +0.34pp | ||
| 2021 | 24.2% | -1.84pp | ||
| 2020 | 26.1% | +2.27pp | ||
| 2019 | 23.8% | -0.01pp | ||
| 2018 | 23.8% | +0.43pp | ||
| 2017 | 23.4% | -0.10pp | ||
| 2016 | 23.5% | -0.10pp | ||
| 2015 | 23.6% | -2.06pp | ||
| 2014 | 25.6% | +0.84pp | ||
| 2013 | 24.8% | -0.41pp | ||
| 2012 | 25.2% | +15.78pp | ||
| 2011 | 9.4% | -0.07pp | ||
| 2010 | 9.5% | +1.05pp | ||
| 2009 | 8.4% | -15.40pp | ||
| 2008 | 23.8% | -1.66pp | ||
| 2007 | 25.5% | +2.06pp | ||
| 2006 | 23.4% | -2.71pp | ||
| 2005 | 26.1% | +103.10pp | ||
| 2004 | -77.0% | -104.44pp | ||
| 2003 | 27.5% | +0.20pp | ||
| 2002 | 27.3% | +19.48pp | ||
| 2001 | 7.8% | -15.71pp | ||
| 2000 | 23.5% | +0.41pp | ||
| 1999 | 23.1% | +1.02pp | ||
| 1998 | 22.1% | -5.49pp | ||
| 1997 | 27.6% | -1.16pp | ||
| 1996 | 28.7% | -1.95pp | ||
| 1995 | 30.7% | +0.81pp | ||
| 1994 | 29.9% | -0.39pp | ||
| 1993 | 30.3% | -3.21pp | ||
| 1992 | 33.5% | -3.52pp | ||
| 1991 | 37.0% | +0.37pp | ||
| 1990 | 36.6% | -4.24pp | ||
| 1989 | 40.9% | +11.10pp | ||
| 1988 | 29.8% | -1.67pp | ||
| 1987 | 31.4% | -10.74pp | ||
| 1986 | 42.2% | -6.24pp | ||
| 1985 | 48.4% | — |
- 202518.5%-3.81pp
- 202422.3%-2.14pp
- 202324.5%-0.08pp
- 202224.6%+0.34pp
- 202124.2%-1.84pp
- 202026.1%+2.27pp
- 201923.8%-0.01pp
- 201823.8%+0.43pp
- 201723.4%-0.10pp
- 201623.5%-0.10pp
- 201523.6%-2.06pp
- 201425.6%+0.84pp
- 201324.8%-0.41pp
- 201225.2%+15.78pp
- 20119.4%-0.07pp
- 20109.5%+1.05pp
- 20098.4%-15.40pp
- 200823.8%-1.66pp
- 200725.5%+2.06pp
- 200623.4%-2.71pp
- 200526.1%+103.10pp
- 2004-77.0%-104.44pp
- 200327.5%+0.20pp
- 200227.3%+19.48pp
- 20017.8%-15.71pp
- 200023.5%+0.41pp
- 199923.1%+1.02pp
- 199822.1%-5.49pp
- 199727.6%-1.16pp
- 199628.7%-1.95pp
- 199530.7%+0.81pp
- 199429.9%-0.39pp
- 199330.3%-3.21pp
- 199233.5%-3.52pp
- 199137.0%+0.37pp
- 199036.6%-4.24pp
- 198940.9%+11.10pp
- 198829.8%-1.67pp
- 198731.4%-10.74pp
- 198642.2%-6.24pp
- 198548.4%—
Gross Margin values are taken from UnitedHealth Group's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at UnitedHealth Group (UNH)
According to UnitedHealth Group's latest reported financial statements, the company's latest reported gross margin is 18.8%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, UnitedHealth Group (UNH) gross margin totalled 18.53% – contracted 3.8 percentage points year-over-year.
The record annual gross margin stands at 48.42%, reached in 1985; the historical low of -76.96% was recorded in 2004.
UnitedHealth Group Gross Margin by Year
UnitedHealth Group Gross Margin 2025: 18.5%
UnitedHealth Group posted gross margin of 18.53% in 2025, contracted 3.8 percentage points from 2024.
UnitedHealth Group Gross Margin 2024: 22.3%
In 2024, UnitedHealth Group reported gross margin of 22.33%, contracted 2.1 percentage points from 2023.
UnitedHealth Group Gross Margin 2023: 24.5%
UnitedHealth Group gross margin in 2023 was 24.48%, contracted 0.1 percentage points from 2022.
UnitedHealth Group Gross Margin 2022: 24.6%
2022's gross margin for UnitedHealth Group came in at 24.56%, expanded 0.3 percentage points from 2021.
UnitedHealth Group Gross Margin 2021: 24.2%
UnitedHealth Group gross margin in 2021 was 24.22%.
See more financial history for UnitedHealth Group (UNH).
Sector peers by Gross Margin
Healthcare peers of UnitedHealth Group (UNH), ranked by their latest gross margin
| 83.5% | |
| 81.8% | |
| 81.7% | |
| 75.9% | |
| 71.5% | |
| 70.7% | |
| 70.0% | |
| 39.4% |
- 83.5%
- 81.8%
- 81.7%
- 75.9%
- 71.5%
- 70.7%
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UnitedHealth Group (UNH) Key Financials
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