How UnitedHealth Group (UNH) Makes Money: A Visual Guide
UnitedHealth Group (UNH) generated $447.57B in revenue (TTM through Q4 2025), earning $12.06B in net profit (2.7% margin). Its largest revenue source is Unitedhealthcare (80.5% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
UnitedHealth Group (UNH) Income Statement Flow
Frequently asked questions
How does UnitedHealth Group (UNH) make money?
- UnitedHealth Group (UNH) primarily makes money through Unitedhealthcare, which accounts for 80.5% of total revenue. For TTM through Q4 2025, UnitedHealth Group generated $447.57B in total revenue with a net profit margin of 2.7%.
What is UnitedHealth Group (UNH) gross profit margin?
- UnitedHealth Group (UNH) reported a gross profit margin of 18.5% for TTM through Q4 2025, equivalent to $82.92B in gross profit. This means UnitedHealth Group retains 18.5% of each revenue unit after direct costs of production.
What is UnitedHealth Group (UNH) operating profit margin?
- UnitedHealth Group (UNH) reported an operating profit margin of 4.2% for TTM through Q4 2025, equivalent to $18.96B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is UnitedHealth Group (UNH) net profit margin?
- UnitedHealth Group (UNH) reported a net profit margin of 2.7% for TTM through Q4 2025, equivalent to $12.06B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does UnitedHealth Group (UNH) spend on capital expenditures?
- UnitedHealth Group (UNH) spent $3.62B on capital expenditures in TTM through Q4 2025 (0.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is UnitedHealth Group (UNH) free cash flow?
- UnitedHealth Group (UNH) generated $16.07B in free cash flow for TTM through Q4 2025 (3.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is UnitedHealth Group (UNH) effective tax rate?
- UnitedHealth Group (UNH) had an effective tax rate of 12.9% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.