Unitedhealth (UNH) Net Margin (2009 - 2026)
Unitedhealth (UNH) reported Net Margin of 5.8% for Q1 2026, down 11.0% year-over-year from 6.52% in Q1 2025, and up 2912.69% on a QoQ basis from 0.19% in Q4 2025.
Unitedhealth (UNH) has 18 years of Net Margin data on file, last reported at 5.8% in Q1 2026.
- Quarterly Net Margin fell 11.0% year-over-year to 5.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.01% (down 180.0% YoY) and the FY2025 annual result came in at 2.86%, down 95.0% from the prior year.
- Net Margin advanced to 5.8% in Q1 2026 per UNH's latest filing, from 0.19% in the prior quarter.
- Across five years, Net Margin topped out at 41.63% in Q4 2023 and bottomed at 1.57% in Q1 2024.
- The 5-year median for Net Margin is 5.91% (2025), against an average of 7.04%.
- The widest annual swing landed in 2023, when Net Margin soared 3790 bps; it then plunged 3819 bps in 2024.
- Tracing UNH's Net Margin over 5 years: stood at 3.73% in 2022, then soared by 1017 bps to 41.63% in 2023, then sank by 92 bps to 3.44% in 2024, then tumbled by 94 bps to 0.19% in 2025, then jumped by 2913 bps to 5.8% in 2026.
- Per Business Quant, the three latest UNH Net Margin figures stand at 5.8% (Q1 2026), 0.19% (Q4 2025), and 2.25% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 345.31 Bn | 315.51 Bn | 98.90 Bn | 5.80% |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 8.75% |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | 3.56% |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | 3.01% |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | 3.08% |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | 0.13% |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | 11,875.18% |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | 0.93% |
| 10 | Progyny | 2.12 Bn | 1.90 Bn | 83.07 Mn | 7.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.80% |
| Dec 31, 2025 | 0.19% |
| Sep 30, 2025 | 2.25% |
| Jun 30, 2025 | 4.06% |
| Mar 31, 2025 | 5.91% |
| Dec 31, 2024 | 3.44% |
| Sep 30, 2024 | 6.21% |
| Jun 30, 2024 | 4.47% |
| Mar 31, 2024 | -1.57% |
| Dec 31, 2023 | 41.63% |
| Sep 30, 2023 | 6.54% |
| Jun 30, 2023 | 7.81% |
| Mar 31, 2023 | 7.93% |
| Dec 31, 2022 | 3.73% |
| Sep 30, 2022 | 6.66% |
| Jun 30, 2022 | 8.14% |
| Mar 31, 2022 | 6.42% |
| Dec 31, 2021 | 5.68% |
| Sep 30, 2021 | 5.79% |
| Jun 30, 2021 | 1.91% |
| Mar 31, 2021 | 2.95% |
| Dec 31, 2020 | -0.74% |
| Sep 30, 2020 | 0.75% |
| Jun 30, 2020 | 6.12% |
| Mar 31, 2020 | 0.90% |
| Dec 31, 2019 | 1.39% |
| Sep 30, 2019 | 1.44% |
| Jun 30, 2019 | 1.34% |
| Mar 31, 2019 | 1.38% |
| Dec 31, 2018 | 0.93% |
| Sep 30, 2018 | 1.23% |
| Jun 30, 2018 | 0.93% |
| Mar 31, 2018 | 0.80% |
| Dec 31, 2017 | 3.20% |
| Sep 30, 2017 | 1.09% |
| Jun 30, 2017 | 0.35% |
| Mar 31, 2017 | 0.20% |
| Dec 31, 2016 | 3.80% |
| Sep 30, 2016 | 4.48% |
| Jun 30, 2016 | 4.00% |
| Mar 31, 2016 | 3.88% |
| Dec 31, 2015 | 3.11% |
| Sep 30, 2015 | 3.88% |
| Jun 30, 2015 | 4.37% |
| Mar 31, 2015 | 3.95% |
| Dec 31, 2014 | 4.52% |
| Sep 30, 2014 | 4.89% |
| Jun 30, 2014 | 4.32% |
| Mar 31, 2014 | 3.47% |
| Dec 31, 2013 | 4.59% |
| Sep 30, 2013 | 5.13% |
| Jun 30, 2013 | 4.72% |
| Mar 31, 2013 | 4.09% |
| Dec 31, 2012 | 4.32% |
| Sep 30, 2012 | 5.70% |
| Jun 30, 2012 | 4.90% |
| Mar 31, 2012 | 5.09% |
| Dec 31, 2011 | 4.85% |
| Sep 30, 2011 | 5.03% |
| Jun 30, 2011 | 5.02% |
| Mar 31, 2011 | 5.29% |
| Dec 31, 2010 | 4.34% |
| Sep 30, 2010 | 5.40% |
| Jun 30, 2010 | 4.83% |
| Mar 31, 2010 | 5.14% |
| Dec 31, 2009 | 1.13% |
| Sep 30, 2009 | 4.77% |
| Jun 30, 2009 | 3.97% |
| Mar 31, 2009 | 75.93% |