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% quarter-over-quarter 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.
- Net Margin for Q1 2026 came in at 5.8%, down 11.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.01% (down 180.0% YoY), and the FY2025 annual result was 2.86%, down 95.0% from the prior year.
- Net Margin grew to 5.8% in Q1 2026 per UNH's latest filing, from 0.19% in the prior quarter.
- Over five years, Net Margin peaked at 41.63% in Q4 2023 and troughed at 1.57% in Q1 2024.
- A 5-year average of 7.04% and a median of 5.91% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin surged 3790 bps in 2023, then slumped 3819 bps in 2024.
- A 5-year view of Net Margin shows it stood at 3.73% in 2022, then surged by 1017 bps to 41.63% in 2023, then tumbled by 92 bps to 3.44% in 2024, then sank by 94 bps to 0.19% in 2025, then soared 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 2.25% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 5.80% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 8.75% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 3.56% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 3.01% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 3.08% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 0.13% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 11,875.18% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 0.93% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 3.67% |
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% |