Unitedhealth (UNH) Cost of Revenue (2009 - 2026)
Unitedhealth's (UNH) quarterly Cost of Revenue came in at $73.5 billion in Q1 2026, little changed year-on-year from $73.4 billion in Q1 2025, and down 10.42% on a QoQ basis from $82.0 billion in Q4 2025.
Unitedhealth (UNH) Cost of Revenue (2009 - 2026) Analysis & Trends
Unitedhealth (UNH) has 18 years of Cost of Revenue data on file, last reported at $73.5 billion in Q1 2026.
- On a quarterly basis, Cost of Revenue changed 0.11% year-over-year to $73.5 billion in Q1 2026; TTM through Mar 2026 was $181.1 billion, a 233.12% increase from a year earlier, with the FY2025 full-year figure at $314.0 billion, up 572.45% from the prior year.
- Cost of Revenue for Q1 2026 stood at $73.5 billion, down from $82.0 billion in the prior quarter.
- Over the last five years, Cost of Revenue for UNH reached as high as $213.3 billion in Q4 2023 and fell as low as -$150.5 billion in Q4 2024.
- Historically, Cost of Revenue has averaged $33.7 billion across 5 years, with a median of $12.6 billion in 2025.
- Across the five-year window, Cost of Revenue soared 2465.77% in 2023 and plunged 170.53% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $8.3 billion in 2022, then surged by 2465.77% to $213.3 billion in 2023, then plunged by 170.53% to -$150.5 billion in 2024, then surged by 154.53% to $82.0 billion in 2025, then retreated by 10.42% to $73.5 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $73.5 billion in Q1 2026, $82.0 billion in Q4 2025, and $12.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 378.05 Bn | 346.83 Bn | 38.23 Bn | 73.49 Bn |
| 2 | Cvs Health | 136.47 Bn | 124.66 Bn | 22.85 Bn | 10.94 Bn |
| 3 | Elevance Health | 81.93 Bn | 45.98 Bn | 35.79 Bn | 5.49 Bn |
| 4 | Cigna | 76.59 Bn | 68.73 Bn | -44.29 Bn | 54.10 Bn |
| 5 | Humana | 45.95 Bn | 23.98 Bn | 5.94 Bn | 33.71 Bn |
| 6 | Centene | 31.19 Bn | 7.45 Bn | 43.95 Bn | 702.00 Mn |
| 7 | Molina Healthcare | 10.26 Bn | 1.34 Bn | 1.43 Bn | 9.44 Bn |
| 8 | Oscar Health | 8.47 Bn | 1.67 Bn | 1.42 Bn | 3.23 Bn |
| 9 | Alignment Healthcare | 3.84 Bn | 3.11 Bn | 144.48 Mn | 1.09 Bn |
| 10 | Progyny | 2.56 Bn | 2.34 Bn | 83.07 Mn | 245.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 73.49 Bn |
| Mar 31, 2026 | 73.49 Bn |
| Dec 31, 2025 | 82.04 Bn |
| Dec 31, 2025 | 82.04 Bn |
| Sep 30, 2025 | 12.57 Bn |
| Sep 30, 2025 | 12.57 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 | -150.46 Bn |
| Dec 31, 2024 | -150.46 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 | 11.06 Bn |
| Mar 31, 2024 | 11.06 Bn |
| Dec 31, 2023 | 213.32 Bn |
| Dec 31, 2023 | 213.32 Bn |