Unitedhealth UNH
NYSE UNH
$393.06 -7.78 (-1.94%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%