Unitedhealth (UNH) Cost of Revenue (2009 - 2026)
Unitedhealth (UNH) reported Cost of Revenue of $12.8 billion for Q1 2026, down 82.53% year-over-year from $73.4 billion in Q1 2025, and up 107.07% on a QoQ basis from -$181.3 billion in Q4 2025.
Unitedhealth (UNH) has 18 years of Cost of Revenue data on file, last reported at $12.8 billion in Q1 2026.
- Quarterly Cost of Revenue fell 82.53% year-over-year to $12.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$75.5 billion (down 127.77% YoY) and the FY2025 annual result came in at $50.7 billion, down 80.83% from the prior year.
- Cost of Revenue grew to $12.8 billion in Q1 2026 per UNH's latest filing, from -$181.3 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $80.0 billion in Q3 2025 and bottomed at -$181.3 billion in Q4 2025.
- The 5-year median for Cost of Revenue is $52.5 billion (2022), against an average of $22.7 billion.
- The widest annual swing landed in 2024, when Cost of Revenue soared 599.96%; it then tumbled 370.45% in 2025.
- Tracing UNH's Cost of Revenue over 5 years: stood at -$123.5 billion in 2022, then jumped by 150.37% to $62.2 billion in 2023, then grew by 7.72% to $67.0 billion in 2024, then sank by 370.45% to -$181.3 billion in 2025, then jumped by 107.07% to $12.8 billion in 2026.
- Per Business Quant, the three latest UNH Cost of Revenue figures stand at $12.8 billion (Q1 2026), -$181.3 billion (Q4 2025), and $80.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 345.31 Bn | 315.51 Bn | 98.90 Bn | 12.82 Bn |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 29.36 Bn |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | 35.62 Bn |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | 54.10 Bn |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | 33.71 Bn |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | 702.00 Mn |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | 9.27 Bn |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | 3.23 Bn |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | 1.09 Bn |
| 10 | Progyny | 2.12 Bn | 1.90 Bn | 83.07 Mn | 245.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.82 Bn |
| Mar 31, 2026 | 12.82 Bn |
| Dec 31, 2025 | -181.30 Bn |
| Dec 31, 2025 | -181.30 Bn |
| Sep 30, 2025 | 79.96 Bn |
| Sep 30, 2025 | 79.96 Bn |
| Jun 30, 2025 | 13.02 Bn |
| Jun 30, 2025 | 13.02 Bn |
| Mar 31, 2025 | 73.41 Bn |
| Mar 31, 2025 | 73.41 Bn |
| Dec 31, 2024 | 67.04 Bn |
| Dec 31, 2024 | 67.04 Bn |
| Sep 30, 2024 | 65.96 Bn |
| Sep 30, 2024 | 65.96 Bn |
| Jun 30, 2024 | 65.46 Bn |
| Jun 30, 2024 | 65.46 Bn |
| Mar 31, 2024 | 65.74 Bn |
| Mar 31, 2024 | 65.74 Bn |
| Dec 31, 2023 | 62.23 Bn |
| Dec 31, 2023 | 62.23 Bn |
| Sep 30, 2023 | 9.42 Bn |
| Sep 30, 2023 | 9.42 Bn |
| Jun 30, 2023 | 9.75 Bn |
| Jun 30, 2023 | 9.75 Bn |
| Mar 31, 2023 | 9.41 Bn |
| Mar 31, 2023 | 9.41 Bn |
| Dec 31, 2022 | -123.55 Bn |
| Dec 31, 2022 | -123.55 Bn |
| Sep 30, 2022 | 52.64 Bn |
| Sep 30, 2022 | 52.64 Bn |
| Jun 30, 2022 | 52.09 Bn |
| Jun 30, 2022 | 52.09 Bn |
| Mar 31, 2022 | 52.52 Bn |
| Mar 31, 2022 | 52.52 Bn |
| Dec 31, 2021 | 163.88 Bn |
| Dec 31, 2021 | 163.88 Bn |
| Sep 30, 2021 | 47.30 Bn |
| Sep 30, 2021 | 47.30 Bn |
| Jun 30, 2021 | 46.55 Bn |
| Jun 30, 2021 | 46.55 Bn |
| Mar 31, 2021 | 44.90 Bn |
| Mar 31, 2021 | 44.90 Bn |
| Dec 31, 2020 | 7.62 Bn |
| Dec 31, 2020 | 7.62 Bn |
| Sep 30, 2020 | 7.94 Bn |
| Sep 30, 2020 | 7.94 Bn |
| Jun 30, 2020 | 7.50 Bn |
| Jun 30, 2020 | 7.50 Bn |
| Mar 31, 2020 | 41.00 Bn |
| Mar 31, 2020 | 41.00 Bn |
| Dec 31, 2019 | 6.51 Bn |
| Dec 31, 2019 | 6.51 Bn |
| Sep 30, 2019 | 6.63 Bn |
| Sep 30, 2019 | 6.63 Bn |
| Jun 30, 2019 | 39.18 Bn |
| Jun 30, 2019 | 39.18 Bn |
| Mar 31, 2019 | 38.94 Bn |
| Mar 31, 2019 | 38.94 Bn |
| Dec 31, 2018 | 36.96 Bn |
| Dec 31, 2018 | 36.96 Bn |
| Sep 30, 2018 | 6.72 Bn |
| Sep 30, 2018 | 6.72 Bn |
| Jun 30, 2018 | 6.47 Bn |
| Jun 30, 2018 | 6.47 Bn |
| Mar 31, 2018 | 6.18 Bn |
| Mar 31, 2018 | 6.18 Bn |
| Dec 31, 2017 | 112.40 Bn |
| Dec 31, 2017 | 112.40 Bn |
| Sep 30, 2017 | 6.07 Bn |
| Sep 30, 2017 | 6.07 Bn |
| Jun 30, 2017 | 32.55 Bn |
| Jun 30, 2017 | 32.55 Bn |
| Mar 31, 2017 | 5.68 Bn |
| Mar 31, 2017 | 5.68 Bn |
| Dec 31, 2016 | 6.31 Bn |
| Dec 31, 2016 | 6.31 Bn |
| Sep 30, 2016 | 6.13 Bn |
| Sep 30, 2016 | 6.13 Bn |
| Jun 30, 2016 | 6.11 Bn |
| Jun 30, 2016 | 6.11 Bn |
| Mar 31, 2016 | 28.43 Bn |
| Mar 31, 2016 | 28.43 Bn |
| Dec 31, 2015 | 7.86 Bn |
| Dec 31, 2015 | 7.86 Bn |
| Sep 30, 2015 | 25.73 Bn |
| Sep 30, 2015 | 25.73 Bn |
| Jun 30, 2015 | 1.12 Bn |
| Jun 30, 2015 | 1.12 Bn |
| Mar 31, 2015 | 1.11 Bn |
| Mar 31, 2015 | 1.11 Bn |
| Dec 31, 2014 | 90.86 Bn |
| Dec 31, 2014 | 90.86 Bn |
| Sep 30, 2014 | 955.00 Mn |
| Sep 30, 2014 | 955.00 Mn |
| Jun 30, 2014 | 23.52 Bn |
| Jun 30, 2014 | 23.52 Bn |
| Mar 31, 2014 | 23.21 Bn |
| Mar 31, 2014 | 23.21 Bn |
| Dec 31, 2013 | 22.87 Bn |
| Dec 31, 2013 | 22.87 Bn |
| Sep 30, 2013 | 731.00 Mn |
| Sep 30, 2013 | 731.00 Mn |
| Jun 30, 2013 | 22.17 Bn |
| Jun 30, 2013 | 22.17 Bn |
| Mar 31, 2013 | 22.57 Bn |
| Mar 31, 2013 | 22.57 Bn |
| Dec 31, 2012 | 20.80 Bn |
| Dec 31, 2012 | 20.80 Bn |
| Sep 30, 2012 | 19.47 Bn |
| Sep 30, 2012 | 19.47 Bn |
| Jun 30, 2012 | 20.01 Bn |
| Jun 30, 2012 | 20.01 Bn |
| Mar 31, 2012 | 19.94 Bn |
| Mar 31, 2012 | 19.94 Bn |
| Dec 31, 2011 | 623.00 Mn |
| Dec 31, 2011 | 623.00 Mn |
| Sep 30, 2011 | 609.00 Mn |
| Sep 30, 2011 | 609.00 Mn |
| Jun 30, 2011 | 554.00 Mn |
| Jun 30, 2011 | 554.00 Mn |
| Mar 31, 2011 | 18.73 Bn |
| Mar 31, 2011 | 18.73 Bn |
| Dec 31, 2010 | -49.47 Bn |
| Dec 31, 2010 | -49.47 Bn |
| Sep 30, 2010 | 536.00 Mn |
| Sep 30, 2010 | 536.00 Mn |
| Jun 30, 2010 | 17.22 Bn |
| Jun 30, 2010 | 17.22 Bn |
| Mar 31, 2010 | 483.00 Mn |
| Mar 31, 2010 | 483.00 Mn |
| Dec 31, 2009 | 497.00 Mn |
| Dec 31, 2009 | 497.00 Mn |
| Sep 30, 2009 | 16.17 Bn |
| Sep 30, 2009 | 16.17 Bn |
| Jun 30, 2009 | 422.00 Mn |
| Jun 30, 2009 | 422.00 Mn |
| Mar 31, 2009 | 404.00 Mn |
| Mar 31, 2009 | 404.00 Mn |