Universal Health Services (UHS) Operating Margin (2009 - 2026)
Universal Health Services (UHS) reported Operating Margin of 11.14% for Q2 2026, down 0.54 percentage points from 11.68% a year earlier and down 0.05 percentage points from the prior quarter.
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Analysis
Universal Health Services (UHS) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Universal Health Services' Operating Margin came in at 11.36%, up 0.36 percentage points year-over-year; for FY2025, it came in at 11.48%, up 0.86 percentage points from FY2024.
- Operating Margin has increased for three consecutive years, though with a five-year change of -0.27 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 10.63% in FY2024 (+2.40 pp), 8.23% in FY2023 (+0.74 pp), 7.49% in FY2022 (-3.29 pp) and 10.78% in FY2021 (-0.97 pp).
- The Q2 2026 figure ranks as the lowest quarterly Operating Margin since Q1 2025.
- Year over year, Operating Margin gained in seven of the last eight quarters, with an average year-over-year change of +0.90 percentage points.
- The high point for year-over-year Operating Margin in five years was Q2 2024 (a gain of 3.27 percentage points); the low point was Q2 2022 (a drop of 6.70 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 11.19% (Q1 2026), 11.53% (Q4 2025) and 11.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -10.07% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 15.08% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 12.10% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -38.55% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 26.67% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -19.85% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 16.29% |
| 10 | Universal Health Services | 9.17 Bn | 8.74 Bn | - | 11.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.14% |
| Mar 31, 2026 | 11.19% |
| Dec 31, 2025 | 11.53% |
| Sep 30, 2025 | 11.61% |
| Jun 30, 2025 | 11.68% |
| Mar 31, 2025 | 11.09% |
| Dec 31, 2024 | 11.49% |
| Sep 30, 2024 | 9.69% |
| Jun 30, 2024 | 11.17% |
| Mar 31, 2024 | 10.11% |
| Dec 31, 2023 | 8.94% |
| Sep 30, 2023 | 8.01% |
| Jun 30, 2023 | 7.90% |
| Mar 31, 2023 | 8.04% |
| Dec 31, 2022 | 7.58% |
| Sep 30, 2022 | 8.27% |
| Jun 30, 2022 | 7.02% |
| Mar 31, 2022 | 7.07% |
| Dec 31, 2021 | 9.58% |
| Sep 30, 2021 | 9.97% |
API Access
Universal Health Services Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=UHS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "UHS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=UHS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();