Unitedhealth (UNH) Cost of Revenue (2009 - 2026)
Unitedhealth (UNH) posted quarterly Cost of Revenue of $73.5 billion for Q1 2026, little changed year-over-year from $73.4 billion in Q1 2025, and down 10.42% quarter-over-quarter from $82.0 billion in Q4 2025.
Unitedhealth (UNH) Cost of Revenue (2009 - 2026) Analysis & Trends
Unitedhealth (UNH) has reported Cost of Revenue for 18 consecutive years, with $73.5 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue changed 0.11% year-over-year to $73.5 billion; the TTM figure through Mar 2026 stood at $181.1 billion (up 233.12% YoY), while the FY2025 annual figure was $314.0 billion, up 572.45% from the prior year.
- Cost of Revenue retreated to $73.5 billion in Q1 2026 per UNH's latest filing, from $82.0 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $213.3 billion in Q4 2023 and bottomed at -$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.
- Annual changes were most pronounced in 2023 — Cost of Revenue surged 2465.77% — and 2024, when it slumped 170.53%.
- Unitedhealth's Cost of Revenue stood at $8.3 billion in 2022, then soared by 2465.77% to $213.3 billion in 2023, then plunged by 170.53% to -$150.5 billion in 2024, then soared by 154.53% to $82.0 billion in 2025, then declined by 10.42% to $73.5 billion in 2026.
- Business Quant data shows UNH's Cost of Revenue at $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 | 352.16 Bn | 320.69 Bn | 36.67 Bn | 75.36 Bn |
| 2 | Cvs Health | 118.83 Bn | 104.87 Bn | 47.23 Bn | 58.86 Bn |
| 3 | Elevance Health | 86.85 Bn | 50.89 Bn | 13.45 Bn | 37.02 Bn |
| 4 | Humana | 45.59 Bn | 21.72 Bn | 5.50 Bn | 35.37 Bn |
| 5 | Centene | 31.97 Bn | 4.92 Bn | 14.55 Bn | 39.03 Bn |
| 6 | Molina Healthcare | 10.21 Bn | 1.30 Bn | 1.43 Bn | 9.44 Bn |
| 7 | Oscar Health | 9.60 Bn | 1.05 Bn | 1.09 Bn | 3.79 Bn |
| 8 | Alignment Healthcare | 2.72 Bn | 2.02 Bn | 180.96 Mn | 1.15 Bn |
| 9 | Clover Health Investments | 2.17 Bn | 1.93 Bn | 153.00 Mn | 590.17 Mn |
| 10 | Progyny | 2.01 Bn | 1.77 Bn | 89.30 Mn | 261.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 75.36 Bn |
| Jun 30, 2026 | 75.36 Bn |
| 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 |