Unitedhealth (UNH) Gross Margin (2009 - 2026)
Unitedhealth (UNH) reported Gross Margin of 88.52% for Q1 2026, up 5552.0% year-over-year from 1.57% in Q1 2025, and down 65.97% quarter-over-quarter from 260.14% in Q4 2025.
Unitedhealth (UNH) Gross Margin (2009 - 2026) Analysis & Trends
Unitedhealth (UNH) has 18 years of Gross Margin data on file, last reported at 88.52% in Q1 2026.
- Gross Margin for Q1 2026 came in at 88.52%, up 5552.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 117.72% (up 7469.0% YoY), and the FY2025 annual result was 88.68%, up 5468.0% from the prior year.
- Gross Margin slipped to 88.52% in Q1 2026 per UNH's latest filing, from 260.14% in the prior quarter.
- Over five years, Gross Margin peaked at 260.14% in Q4 2025 and troughed at 356.51% in Q4 2023.
- A 5-year average of 48.76% and a median of 34.93% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 55031 bps in 2023, then soared 41659 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 193.81% in 2022, then slumped by 284 bps to 356.51% in 2023, then surged by 117 bps to 60.09% in 2024, then jumped by 333 bps to 260.14% in 2025, then tumbled by 66 bps to 88.52% in 2026.
- Business Quant data shows UNH's Gross Margin at 88.52% in Q1 2026, 260.14% in Q4 2025, and 29.34% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 88.52% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 13.12% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 28.04% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 10.61% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 98.59% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 14.13% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | -56,385.78% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 11.08% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 20.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 88.52% |
| Dec 31, 2025 | 260.14% |
| Sep 30, 2025 | 29.34% |
| Jun 30, 2025 | 85.19% |
| Mar 31, 2025 | 33.00% |
| Dec 31, 2024 | 60.09% |
| Sep 30, 2024 | 34.58% |
| Jun 30, 2024 | 33.78% |
| Mar 31, 2024 | 15.71% |
| Dec 31, 2023 | -356.51% |
| Sep 30, 2023 | 89.80% |
| Jun 30, 2023 | 86.55% |
| Mar 31, 2023 | 87.08% |
| Dec 31, 2022 | 193.81% |
| Sep 30, 2022 | 34.93% |
| Jun 30, 2022 | 18.47% |
| Mar 31, 2022 | 34.47% |
| Dec 31, 2021 | -122.23% |
| Sep 30, 2021 | 34.61% |
| Jun 30, 2021 | 34.74% |