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% on a QoQ basis from 260.14% in Q4 2025.
Unitedhealth (UNH) has 18 years of Gross Margin data on file, last reported at 88.52% in Q1 2026.
- Quarterly Gross Margin rose 5552.0% year-over-year to 88.52% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 117.72% (up 7469.0% YoY) and the FY2025 annual result came in at 88.68%, up 5468.0% from the prior year.
- Gross Margin eased to 88.52% in Q1 2026 per UNH's latest filing, from 260.14% in the prior quarter.
- Across five years, Gross Margin topped out at 260.14% in Q4 2025 and bottomed at 356.51% in Q4 2023.
- The 5-year median for Gross Margin is 34.93% (2022), against an average of 48.76%.
- The widest annual swing landed in 2023, when Gross Margin slumped 55031 bps; it then jumped 41659 bps in 2024.
- Tracing UNH's Gross Margin over 5 years: stood at 193.81% in 2022, then plunged by 284 bps to 356.51% in 2023, then soared by 117 bps to 60.09% in 2024, then surged by 333 bps to 260.14% in 2025, then sank by 66 bps to 88.52% in 2026.
- Per Business Quant, the three latest UNH Gross Margin figures stand at 88.52% (Q1 2026), 260.14% (Q4 2025), and 29.34% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 345.31 Bn | 315.51 Bn | 98.90 Bn | 88.52% |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 13.12% |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | 28.04% |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | 10.61% |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | 98.59% |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | 14.13% |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | -56,385.78% |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | 11.08% |
| 10 | Progyny | 2.12 Bn | 1.90 Bn | 83.07 Mn | 25.29% |
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% |
| Mar 31, 2021 | 36.03% |
| Dec 31, 2020 | 88.36% |
| Sep 30, 2020 | 84.40% |
| Jun 30, 2020 | 87.93% |
| Mar 31, 2020 | 36.36% |
| Dec 31, 2019 | 89.31% |
| Sep 30, 2019 | 89.02% |
| Jun 30, 2019 | 16.92% |
| Mar 31, 2019 | 35.43% |
| Dec 31, 2018 | 36.74% |
| Sep 30, 2018 | 88.12% |
| Jun 30, 2018 | 88.46% |
| Mar 31, 2018 | 88.79% |
| Dec 31, 2017 | -115.91% |
| Sep 30, 2017 | 87.94% |
| Jun 30, 2017 | 34.97% |
| Mar 31, 2017 | 88.35% |
| Dec 31, 2016 | 86.73% |
| Sep 30, 2016 | 86.77% |
| Jun 30, 2016 | 86.86% |
| Mar 31, 2016 | 36.15% |
| Dec 31, 2015 | 81.98% |
| Sep 30, 2015 | 37.99% |
| Jun 30, 2015 | 96.90% |
| Mar 31, 2015 | 96.88% |
| Dec 31, 2014 | -171.76% |
| Sep 30, 2014 | 97.08% |
| Jun 30, 2014 | 27.79% |
| Mar 31, 2014 | 26.81% |
| Dec 31, 2013 | 26.49% |
| Sep 30, 2013 | 97.61% |
| Jun 30, 2013 | 27.08% |
| Mar 31, 2013 | 25.61% |
| Dec 31, 2012 | 27.69% |
| Sep 30, 2012 | 28.68% |
| Jun 30, 2012 | 26.60% |
| Mar 31, 2012 | 26.92% |
| Dec 31, 2011 | 97.60% |
| Sep 30, 2011 | 97.59% |
| Jun 30, 2011 | 97.80% |
| Mar 31, 2011 | 26.37% |
| Dec 31, 2010 | 305.86% |
| Sep 30, 2010 | 97.74% |
| Jun 30, 2010 | 25.98% |
| Mar 31, 2010 | 97.92% |
| Dec 31, 2009 | 99.40% |
| Sep 30, 2009 | 25.46% |
| Jun 30, 2009 | 98.05% |
| Mar 31, 2009 | 68.83% |