TTM
4.2%
YoY change
−3.83pp
Trough year (1987)
-4.8%
Peak year (1991)
13.6%
Latest annual
4.2%
Operating Margin history chart for UnitedHealth Group (UNH) from 1985 to 2025
Latest: 4.2%
Operating Margin change chart for UnitedHealth Group (UNH) from 1985 to 2025
Latest: −3.83pp
Operating Margin history table for UnitedHealth Group (UNH) from 1985 to 2025
| 2025 | 4.2% | -3.83pp | ||
| 2024 | 8.1% | -0.64pp | ||
| 2023 | 8.7% | -0.06pp | ||
| 2022 | 8.8% | +0.44pp | ||
| 2021 | 8.3% | -0.38pp | ||
| 2020 | 8.7% | +0.58pp | ||
| 2019 | 8.1% | +0.46pp | ||
| 2018 | 7.7% | +0.11pp | ||
| 2017 | 7.6% | +0.57pp | ||
| 2016 | 7.0% | -0.02pp | ||
| 2015 | 7.0% | -0.86pp | ||
| 2014 | 7.9% | +0.02pp | ||
| 2013 | 7.9% | -0.51pp | ||
| 2012 | 8.4% | +0.06pp | ||
| 2011 | 8.3% | -0.04pp | ||
| 2010 | 8.4% | +1.05pp | ||
| 2009 | 7.3% | +0.81pp | ||
| 2008 | 6.5% | -3.92pp | ||
| 2007 | 10.4% | +0.64pp | ||
| 2006 | 9.8% | -1.18pp | ||
| 2005 | 10.9% | -0.08pp | ||
| 2004 | 11.0% | +1.67pp | ||
| 2003 | 9.4% | +0.61pp | ||
| 2002 | 8.7% | +2.06pp | ||
| 2001 | 6.7% | +1.00pp | ||
| 2000 | 5.7% | +0.86pp | ||
| 1999 | 4.8% | +5.06pp | ||
| 1998 | -0.2% | -6.53pp | ||
| 1997 | 6.3% | +0.37pp | ||
| 1996 | 5.9% | -2.21pp | ||
| 1995 | 8.1% | -5.30pp | ||
| 1994 | 13.4% | +1.32pp | ||
| 1993 | 12.1% | -0.22pp | ||
| 1992 | 12.3% | -1.26pp | ||
| 1991 | 13.6% | +4.45pp | ||
| 1990 | 9.1% | +2.85pp | ||
| 1989 | 6.3% | +8.06pp | ||
| 1988 | -1.8% | +2.98pp | ||
| 1987 | -4.8% | -8.65pp | ||
| 1986 | 3.9% | -0.15pp | ||
| 1985 | 4.1% | — |
- 20254.2%-3.83pp
- 20248.1%-0.64pp
- 20238.7%-0.06pp
- 20228.8%+0.44pp
- 20218.3%-0.38pp
- 20208.7%+0.58pp
- 20198.1%+0.46pp
- 20187.7%+0.11pp
- 20177.6%+0.57pp
- 20167.0%-0.02pp
- 20157.0%-0.86pp
- 20147.9%+0.02pp
- 20137.9%-0.51pp
- 20128.4%+0.06pp
- 20118.3%-0.04pp
- 20108.4%+1.05pp
- 20097.3%+0.81pp
- 20086.5%-3.92pp
- 200710.4%+0.64pp
- 20069.8%-1.18pp
- 200510.9%-0.08pp
- 200411.0%+1.67pp
- 20039.4%+0.61pp
- 20028.7%+2.06pp
- 20016.7%+1.00pp
- 20005.7%+0.86pp
- 19994.8%+5.06pp
- 1998-0.2%-6.53pp
- 19976.3%+0.37pp
- 19965.9%-2.21pp
- 19958.1%-5.30pp
- 199413.4%+1.32pp
- 199312.1%-0.22pp
- 199212.3%-1.26pp
- 199113.6%+4.45pp
- 19909.1%+2.85pp
- 19896.3%+8.06pp
- 1988-1.8%+2.98pp
- 1987-4.8%-8.65pp
- 19863.9%-0.15pp
- 19854.1%—
Operating 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 Operating Margin at UnitedHealth Group (UNH)
According to UnitedHealth Group's latest reported financial statements, the company's latest reported operating margin is 4.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
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) operating margin totalled 4.24% – contracted 3.8 percentage points year-over-year.
1991 marks the peak operating margin at 13.59%, with the historical low of -4.75% recorded in 1987.
UnitedHealth Group Operating Margin by Year
UnitedHealth Group Operating Margin 2025: 4.2%
In 2025, UnitedHealth Group reported operating margin of 4.24%, contracted 3.8 percentage points from 2024.
UnitedHealth Group Operating Margin 2024: 8.1%
UnitedHealth Group operating margin in 2024 was 8.07%, contracted 0.6 percentage points from 2023.
UnitedHealth Group Operating Margin 2023: 8.7%
2023's operating margin for UnitedHealth Group came in at 8.71%, contracted 0.1 percentage points from 2022.
UnitedHealth Group Operating Margin 2022: 8.8%
UnitedHealth Group posted operating margin of 8.77% in 2022, expanded 0.4 percentage points from 2021.
UnitedHealth Group Operating Margin 2021: 8.3%
UnitedHealth Group operating margin in 2021 was 8.33%.
See more financial history for UnitedHealth Group (UNH).
Sector peers by Operating Margin
Healthcare peers of UnitedHealth Group (UNH), ranked by their latest operating margin
| 45.9% | |
| 45.3% | |
| 31.6% | |
| 27.6% | |
| 27.6% | |
| 26.4% | |
| 23.7% | |
| 17.8% |
- 45.9%
- 45.3%
- 31.6%
- 27.6%
- 27.6%
- 23.7%
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UnitedHealth Group (UNH) Key Financials
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