Unitedhealth (UNH) Net Margin (2009 - 2026)
Unitedhealth's (UNH) quarterly Net Margin came in at 5.8% in Q1 2026, down 11.0% year-on-year from 6.52% in Q1 2025, and up 2912.69% on a QoQ basis from 0.19% in Q4 2025.
Unitedhealth (UNH) Net Margin (2009 - 2026) Analysis & Trends
Unitedhealth (UNH) has 18 years of Net Margin data on file, last reported at 5.8% in Q1 2026.
- On a quarterly basis, Net Margin fell 11.0% year-over-year to 5.8% in Q1 2026; TTM through Mar 2026 was 3.01%, a 230.0% decrease from a year earlier, with the FY2025 full-year figure at 2.86%, down 95.0% from the prior year.
- Net Margin for Q1 2026 stood at 5.8%, up from 0.19% in the prior quarter.
- Over the last five years, Net Margin for UNH reached as high as 8.35% in Q3 2022 and fell as low as 1.57% in Q1 2024.
- Historically, Net Margin has averaged 5.01% across 5 years, with a median of 5.91% in 2025.
- Across the five-year window, Net Margin tumbled 785 bps in 2024 and soared 747 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 5.93% in 2022, then sank by 38 bps to 3.68% in 2023, then decreased by 7 bps to 3.44% in 2024, then slumped by 94 bps to 0.19% in 2025, then soared by 2913 bps to 5.8% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 5.8% in Q1 2026, 0.19% in Q4 2025, and 2.86% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 5.80% |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 8.75% |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 3.52% |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 3.03% |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 3.45% |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 14.61% |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 0.92% |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 7.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.80% |
| Dec 31, 2025 | 0.19% |
| Sep 30, 2025 | 2.86% |
| Jun 30, 2025 | 3.20% |
| Mar 31, 2025 | 5.91% |
| Dec 31, 2024 | 3.44% |
| Sep 30, 2024 | 8.08% |
| Jun 30, 2024 | 5.75% |
| Mar 31, 2024 | -1.57% |
| Dec 31, 2023 | 3.68% |
| Sep 30, 2023 | 8.35% |
| Jun 30, 2023 | 6.09% |
| Mar 31, 2023 | 6.28% |
| Dec 31, 2022 | 5.93% |
| Sep 30, 2022 | 8.35% |
| Jun 30, 2022 | 6.47% |
| Mar 31, 2022 | 6.42% |
| Dec 31, 2021 | 3.52% |
| Sep 30, 2021 | 5.79% |
| Jun 30, 2021 | 7.77% |