Unitedhealth UNH
NYSE UNH
$390.11 +5.26 (+1.37%)
At close: Aug 21, 2026 · 4:00 PM EDT

Unitedhealth (UNH) Gross Margin (2009 - 2026)

Unitedhealth (UNH) posted quarterly Gross Margin of 34.22% for Q1 2026, up 122.0% year-over-year from 15.41% in Q1 2025, and up 24.28% quarter-over-quarter from 27.54% in Q4 2025.

Unitedhealth (UNH) Gross Margin (2009 - 2026) Analysis & Trends

Unitedhealth (UNH) has reported Gross Margin for 18 consecutive years, with 34.22% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Gross Margin rose 122.0% year-over-year to 34.22%; the TTM figure through Mar 2026 stood at 57.44% (down 2997.0% YoY), while the FY2025 annual figure was 29.84%, down 5849.0% from the prior year.
  • Gross Margin improved to 34.22% in Q1 2026 per UNH's latest filing, from 27.54% in the prior quarter.
  • Across five years, Gross Margin topped out at 189.58% in Q4 2024 and bottomed at 38.5% in Q4 2023.
  • Historically, Gross Margin has averaged 64.02% across 5 years, with a median of 85.88% in 2025.
  • Annual changes were most pronounced in 2024 — Gross Margin soared 22808 bps — and 2025, when it tumbled 16205 bps.
  • Unitedhealth's Gross Margin stood at 89.96% in 2022, then slumped by 143 bps to 38.5% in 2023, then surged by 592 bps to 189.58% in 2024, then plunged by 85 bps to 27.54% in 2025, then increased by 24 bps to 34.22% in 2026.
  • Business Quant data shows UNH's Gross Margin at 34.22% in Q1 2026, 27.54% in Q4 2025, and 85.88% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Unitedhealth 352.16 Bn 320.69 Bn 36.67 Bn 32.74%
2 Cvs Health 118.83 Bn 104.87 Bn 47.23 Bn 44.52%
3 Elevance Health 86.85 Bn 50.89 Bn 13.45 Bn 26.65%
4 Humana 45.59 Bn 21.72 Bn 5.50 Bn 13.45%
5 Centene 31.97 Bn 4.92 Bn 14.55 Bn 27.16%
6 Molina Healthcare 10.21 Bn 1.30 Bn 1.43 Bn 13.19%
7 Oscar Health 9.60 Bn 1.05 Bn 1.09 Bn 22.25%
8 Alignment Healthcare 2.72 Bn 2.02 Bn 180.96 Mn 13.55%
9 Clover Health Investments 2.17 Bn 1.93 Bn 153.00 Mn 20.59%
10 Progyny 2.01 Bn 1.77 Bn 89.30 Mn 25.48%

Historic Data

Download Data
DateValue
Jun 30, 2026 32.74%
Mar 31, 2026 34.22%
Dec 31, 2025 27.54%
Sep 30, 2025 85.88%
Jun 30, 2025 88.34%
Mar 31, 2025 33.00%
Dec 31, 2024 189.58%
Sep 30, 2024 14.83%
Jun 30, 2024 14.88%
Mar 31, 2024 85.82%
Dec 31, 2023 -38.50%
Sep 30, 2023 17.68%
Jun 30, 2023 89.51%
Mar 31, 2023 89.77%
Dec 31, 2022 89.96%
Sep 30, 2022 87.12%
Jun 30, 2022 89.30%
Mar 31, 2022 89.41%
Dec 31, 2021 93.27%
Sep 30, 2021 34.61%