Unitedhealth (UNH) EBITDA Margin (2009 - 2026)
Unitedhealth's (UNH) quarterly EBITDA Margin came in at 7.13% in Q2 2026, up 252.0% year-over-year from 2.03% in Q2 2025, and down 11.36% quarter-over-quarter from 8.05% in Q1 2026.
Analysis
Unitedhealth (UNH) EBITDA Margin (2009 - 2026) Analysis & Trends
Unitedhealth (UNH) has reported EBITDA Margin for 18 consecutive years, with 7.13% the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA Margin rose 252.0% year-over-year to 7.13% in Q2 2026; TTM through Jun 2026 was 4.82%, a 246.0% decrease from a year earlier, with the FY2025 full-year figure at 4.46%, down 386.0% from the prior year.
- EBITDA Margin was 7.13% for Q2 2026 at Unitedhealth, down from 8.05% in the prior quarter.
- Over five years, EBITDA Margin peaked at 9.23% in Q3 2023 and troughed at 0.34% in Q4 2025.
- A 5-year average of 7.47% and a median of 8.23% in 2023 frame the typical range for EBITDA Margin.
- Across the five-year window, EBITDA Margin tumbled 738 bps in 2025 and jumped 252 bps in 2026, its largest moves.
- Over 5 years, EBITDA Margin stood at 8.32% in 2022, then declined by 2 bps to 8.14% in 2023, then decreased by 5 bps to 7.71% in 2024, then slumped by 96 bps to 0.34% in 2025, then jumped by 2025 bps to 7.13% in 2026.
- The last three EBITDA Margin figures came in at 7.13% (Q2 2026), 8.05% (Q1 2026), and 0.34% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 354.24 Bn | 322.77 Bn | 36.67 Bn | 7.13% |
| 2 | Cvs Health | 122.38 Bn | 108.42 Bn | 47.23 Bn | 4.43% |
| 3 | Elevance Health | 86.47 Bn | 50.52 Bn | 13.45 Bn | 1.39% |
| 4 | Cigna | 73.02 Bn | 65.76 Bn | 14.97 Bn | 3.73% |
| 5 | Humana | 48.22 Bn | 24.35 Bn | 5.50 Bn | 3.77% |
| 6 | Centene | 31.79 Bn | 4.73 Bn | 14.55 Bn | 2.50% |
| 7 | Molina Healthcare | 9.95 Bn | 1.03 Bn | 1.43 Bn | 1.33% |
| 8 | Oscar Health | 9.53 Bn | 976.50 Mn | 1.09 Bn | 7.96% |
| 9 | Corvel | 3.41 Bn | 3.06 Bn | - | - |
| 10 | Alignment Healthcare | 2.70 Bn | 2.00 Bn | 180.96 Mn | 3.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.13% |
| Mar 31, 2026 | 8.05% |
| Dec 31, 2025 | 0.34% |
| Sep 30, 2025 | 3.81% |
| Jun 30, 2025 | 4.61% |
| Mar 31, 2025 | 8.32% |
| Dec 31, 2024 | 7.71% |
| Sep 30, 2024 | 8.64% |
| Jun 30, 2024 | 7.97% |
| Mar 31, 2024 | 7.95% |
| Dec 31, 2023 | 8.14% |
| Sep 30, 2023 | 9.23% |
| Jun 30, 2023 | 8.67% |
| Mar 31, 2023 | 8.80% |
| Dec 31, 2022 | 8.32% |
| Sep 30, 2022 | 9.22% |
| Jun 30, 2022 | 8.88% |
| Mar 31, 2022 | 8.67% |
| Dec 31, 2021 | 7.51% |
| Sep 30, 2021 | 7.90% |