Unitedhealth (UNH) EBT Margin (2009 - 2026)
Unitedhealth's EBT Margin came in at 4.90% for Q3 2026, up 2.05 percentage points from 2.85% a year earlier but down 1.32 percentage points from the prior quarter.
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Analysis
Unitedhealth (UNH) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Unitedhealth reported EBT Margin of 4.39%, down 0.71 percentage points year-over-year; for FY2025, it came in at 3.28%, down 1.73 percentage points from FY2024.
- EBT Margin has declined in each of the last three years, with a five-year change of -4.78 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 5.01% in FY2024 (-2.82 pp), 7.83% in FY2023 (-0.29 pp), 8.13% in FY2022 (+0.37 pp) and 7.76% in FY2021 (-0.31 pp).
- The five-year range for quarterly EBT Margin is -0.64% (Q4 2025) to 8.59% (Q3 2022).
- Year-over-year, EBT Margin increased in three of the last eight quarters, with an average year-over-year change of -0.37 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in Q1 2025 (a gain of 7.40 percentage points), and the weakest in Q1 2024 (a drop of 7.97 percentage points).
- Business Quant data shows UNH's EBT Margin at 6.22% (Q2 2026), 7.13% (Q1 2026) and -0.64% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 356.05 Bn | 236.68 Bn | 35.71 Bn | 4.90% |
| 2 | Mckesson | 123.13 Bn | 104.51 Bn | 3.96 Bn | 1.41% |
| 3 | Cvs Health | 109.04 Bn | 57.80 Bn | 47.21 Bn | 2.63% |
| 4 | Elevance Health | 90.56 Bn | -52.02 Bn | 13.65 Bn | 3.49% |
| 5 | Cigna | 77.41 Bn | 46.27 Bn | 15.09 Bn | 2.85% |
| 6 | Cencora | 66.63 Bn | 55.53 Bn | 3.61 Bn | 1.18% |
| 7 | Cardinal Health | 63.51 Bn | 46.67 Bn | 2.60 Bn | 1.02% |
| 8 | Humana | 50.79 Bn | -37.07 Bn | 5.50 Bn | 2.33% |
| 9 | Centene | 33.94 Bn | -60.76 Bn | 9.52 Bn | -0.24% |
| 10 | Molina Healthcare | 10.37 Bn | -24.63 Bn | 1.36 Bn | 0.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.90% |
| Jun 30, 2026 | 6.22% |
| Mar 31, 2026 | 7.13% |
| Dec 31, 2025 | -0.64% |
| Sep 30, 2025 | 2.85% |
| Jun 30, 2025 | 3.66% |
| Mar 31, 2025 | 7.40% |
| Dec 31, 2024 | 6.74% |
| Sep 30, 2024 | 7.55% |
| Jun 30, 2024 | 5.73% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 7.26% |
| Sep 30, 2023 | 8.33% |
| Jun 30, 2023 | 7.78% |
| Mar 31, 2023 | 7.98% |
| Dec 31, 2022 | 7.51% |
| Sep 30, 2022 | 8.59% |
| Jun 30, 2022 | 8.30% |
| Mar 31, 2022 | 8.13% |
| Dec 31, 2021 | 6.93% |
API Access
Unitedhealth EBT 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=ebt-margin&ticker=UNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "UNH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=UNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();