Operating Income for UnitedHealth Group (UNH)
According to UnitedHealth Group's latest reported financial statements, the company's current operating income (TTM) is $18.84B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$18.84B
YoY change
-41.3%
5Y CAGR
-3.3%
Peak year (2023)
$32.36B
Cumulative operating income
$327.22B
Operating Income history chart for UnitedHealth Group (UNH) from 1985 to 2025
Operating Income history table for UnitedHealth Group (UNH) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $18.96B | -41.3% | ||
| 2024 | $32.29B | -0.2% | ||
| 2023 | $32.36B | +13.8% | ||
| 2022 | $28.43B | +18.6% | ||
| 2021 | $23.97B | +7.0% | ||
| 2020 | $22.41B | +13.8% | ||
| 2019 | $19.68B | +13.5% | ||
| 2018 | $17.34B | +14.0% | ||
| 2017 | $15.21B | +17.6% | ||
| 2016 | $12.93B | +17.3% | ||
| 2015 | $11.02B | +7.3% | ||
| 2014 | $10.27B | +6.8% | ||
| 2013 | $9.62B | +4.0% | ||
| 2012 | $9.25B | +9.3% | ||
| 2011 | $8.46B | +7.6% | ||
| 2010 | $7.86B | +23.7% | ||
| 2009 | $6.36B | +20.8% | ||
| 2008 | $5.26B | -32.9% | ||
| 2007 | $7.85B | +12.4% | ||
| 2006 | $6.98B | +37.5% | ||
| 2005 | $5.08B | +23.9% | ||
| 2004 | $4.10B | +53.5% | ||
| 2003 | $2.67B | +22.2% | ||
| 2002 | $2.19B | +39.6% | ||
| 2001 | $1.57B | +30.5% | ||
| 2000 | $1.20B | +27.3% | ||
| 1999 | $943.00M | -2345.2% | ||
| 1998 | -$42.00M | -105.7% | ||
| 1997 | $742.00M | +24.4% | ||
| 1996 | $596.41M | +29.4% | ||
| 1995 | $460.79M | -8.9% | ||
| 1994 | $506.05M | +65.4% | ||
| 1993 | $305.90M | +72.1% | ||
| 1992 | $177.70M | +54.4% | ||
| 1991 | $115.10M | +108.1% | ||
| 1990 | $55.30M | +113.5% | ||
| 1989 | $25.90M | -436.4% | ||
| 1988 | -$7.70M | -62.8% | ||
| 1987 | -$20.70M | -349.4% | ||
| 1986 | $8.30M | +102.4% | ||
| 1985 | $4.10M | — |
Operating Income values are taken from UnitedHealth Group's reported income 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
UnitedHealth Group (UNH) most recent annual operating income stands at $18.96B (2025) – plunged 41.3% year-over-year.
Through 2020–2025 (5 years), UnitedHealth Group operating income delivered a -3.3% annualised rate; with a net decline across the window.
UnitedHealth Group operating income peaked at $32.36B in 2023; the latest annual figure is $18.96B in 2025 (41.4% below peak).
The highest annual operating income of $32.36B was reported in 2023. The lowest in the available history was -$42.00M in 1998.
Among 8 Healthcare peers, UnitedHealth Group (UNH) ranks 6th; the peer median for operating income is $22.84B.
UnitedHealth Group Operating Income by Year
UnitedHealth Group Operating Income 2025: $18.96B
UnitedHealth Group operating income in 2025 was $18.96B, plunged 41.3% below 2024.
UnitedHealth Group Operating Income 2024: $32.29B
UnitedHealth Group operating income in 2024 was $32.29B, edged down 0.2% below 2023.
UnitedHealth Group Operating Income 2023: $32.36B
UnitedHealth Group operating income in 2023 was $32.36B, grew 13.8% from 2022. This figure represents the highest annual value in the available history.
UnitedHealth Group Operating Income 2022: $28.43B
UnitedHealth Group operating income in 2022 was $28.43B, grew 18.6% from 2021.
UnitedHealth Group Operating Income 2021: $23.97B
UnitedHealth Group operating income in 2021 was $23.97B.
See more financial history for UnitedHealth Group (UNH).
Sector peers — Operating Income
Companies in the same sector as UnitedHealth Group, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $127.66B | Healthcare |
| Eli Lilly and Company (LLY) | $29.70B | Healthcare |
| Merck & Co., Inc. (MRK) | $26.78B | Healthcare |
| Johnson & Johnson (JNJ) | $25.60B | Healthcare |
| AbbVie Inc. (ABBV) | $20.09B | Healthcare |
| AstraZeneca PLC (AZN) | $13.74B | Healthcare |
| Amgen Inc. (AMGN) | $10.68B | Healthcare |
| Thermo Fisher Scientific Inc. (TMO) | $8.11B | Healthcare |
Frequently asked questions
What is UnitedHealth Group's operating income?
- Latest reported operating income for UnitedHealth Group (UNH) is $18.84B (period ending March 31, 2026).
How has UnitedHealth Group operating income changed year-over-year?
- UnitedHealth Group (UNH) operating income changed -41.3% year-over-year on the latest annual filing.
What is the long-term growth rate of UnitedHealth Group operating income?
- UnitedHealth Group (UNH) operating income compound annual growth rate is -3.3% over the most recent 5 years available.
When did UnitedHealth Group operating income hit its highest annual value?
- UnitedHealth Group operating income reached its highest annual value of $32.36B in 2023.
What was UnitedHealth Group operating income in 2024?
- UnitedHealth Group (UNH) operating income in 2024 was $32.29B.
What was UnitedHealth Group operating income in 2025?
- UnitedHealth Group (UNH) operating income in 2025 was $18.96B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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