Unitedhealth (UNH) Net Margin (2009 - 2026)
Unitedhealth (UNH) posted quarterly Net Margin of 5.8% for Q1 2026, down 11.0% year-over-year from 6.52% in Q1 2025, and up 2912.69% quarter-over-quarter from 0.19% in Q4 2025.
Unitedhealth (UNH) Net Margin (2009 - 2026) Analysis & Trends
Unitedhealth (UNH) has reported Net Margin for 18 consecutive years, with 5.8% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 11.0% year-over-year to 5.8%; the TTM figure through Mar 2026 stood at 3.01% (down 230.0% YoY), while the FY2025 annual figure was 2.86%, down 95.0% from the prior year.
- Net Margin improved 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 8.35% in Q3 2022 and bottomed at 1.57% in Q1 2024.
- Historically, Net Margin has averaged 5.01% across 5 years, with a median of 5.91% in 2025.
- Annual changes were most pronounced in 2024 — Net Margin sank 785 bps — and 2025, when it surged 747 bps.
- Unitedhealth's Net Margin stood at 5.93% in 2022, then sank by 38 bps to 3.68% in 2023, then fell by 7 bps to 3.44% in 2024, then slumped by 94 bps to 0.19% in 2025, then jumped by 2913 bps to 5.8% in 2026.
- Business Quant data shows UNH's Net Margin at 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 | 346.93 Bn | 315.46 Bn | 36.67 Bn | 5.06% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 2.82% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 2.88% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 1.75% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 2.03% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 0.55% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 7.41% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 2.74% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 3.77% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 8.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.06% |
| 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% |