Unitedhealth (UNH) Net Margin (2009 - 2026)
Unitedhealth's (UNH) quarterly Net Margin came in at 5.06% in Q2 2026, up 186.0% year-over-year from 1.77% in Q2 2025, and down 12.76% quarter-over-quarter from 5.8% in Q1 2026.
Analysis
Unitedhealth (UNH) Net Margin (2009 - 2026) Analysis & Trends
Unitedhealth (UNH) has reported Net Margin for 18 consecutive years, with 5.06% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 186.0% year-over-year to 5.06% in Q2 2026; TTM through Jun 2026 was 3.31%, a 191.0% decrease from a year earlier, with the FY2025 full-year figure at 2.86%, down 95.0% from the prior year.
- Net Margin was 5.06% for Q2 2026 at Unitedhealth, down from 5.8% in the prior quarter.
- Over five years, Net Margin peaked at 6.66% in Q3 2022 and troughed at 1.22% in Q1 2024.
- A 5-year average of 4.89% and a median of 5.92% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin plunged 750 bps in 2024 and soared 713 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 5.93% in 2022, then gained by 1 bps to 6.01% in 2023, then retreated by 5 bps to 5.74% in 2024, then slumped by 97 bps to 0.19% in 2025, then soared by 2528 bps to 5.06% in 2026.
- The last three Net Margin figures came in at 5.06% (Q2 2026), 5.8% (Q1 2026), and 0.19% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 354.24 Bn | 322.77 Bn | 36.67 Bn | 5.06% |
| 2 | Cvs Health | 122.38 Bn | 108.42 Bn | 47.23 Bn | 2.82% |
| 3 | Elevance Health | 86.47 Bn | 50.52 Bn | 13.45 Bn | 2.88% |
| 4 | Cigna | 73.02 Bn | 65.76 Bn | 14.97 Bn | 2.62% |
| 5 | Humana | 48.22 Bn | 24.35 Bn | 5.50 Bn | 1.75% |
| 6 | Centene | 31.79 Bn | 4.73 Bn | 14.55 Bn | 2.03% |
| 7 | Molina Healthcare | 9.95 Bn | 1.03 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 9.53 Bn | 976.50 Mn | 1.09 Bn | 7.41% |
| 9 | Corvel | 3.41 Bn | 3.06 Bn | - | - |
| 10 | Alignment Healthcare | 2.70 Bn | 2.00 Bn | 180.96 Mn | 2.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.06% |
| Mar 31, 2026 | 5.80% |
| Dec 31, 2025 | 0.19% |
| Sep 30, 2025 | 2.25% |
| Jun 30, 2025 | 3.20% |
| Mar 31, 2025 | 5.91% |
| Dec 31, 2024 | 5.74% |
| Sep 30, 2024 | 6.21% |
| Jun 30, 2024 | 4.47% |
| Mar 31, 2024 | -1.22% |
| Dec 31, 2023 | 6.01% |
| Sep 30, 2023 | 6.54% |
| Jun 30, 2023 | 6.09% |
| Mar 31, 2023 | 6.28% |
| Dec 31, 2022 | 5.93% |
| Sep 30, 2022 | 6.66% |
| Jun 30, 2022 | 6.47% |
| Mar 31, 2022 | 6.42% |
| Dec 31, 2021 | 5.68% |
| Sep 30, 2021 | 5.79% |