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Unitedhealth (UNH) Operating Expenses (2016 - 2025)

Unitedhealth (UNH) has disclosed Operating Expenses for 17 consecutive years, with $112.8 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 21.28% to $112.8 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $428.6 billion through Dec 2025, up 16.47% year-over-year, with the annual reading at $428.6 billion for FY2025, 16.47% up from the prior year.
  • Operating Expenses for Q4 2025 was $112.8 billion at Unitedhealth, up from $108.8 billion in the prior quarter.
  • The five-year high for Operating Expenses was $112.8 billion in Q4 2025, with the low at $63.5 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $84.8 billion, with a median of $84.3 billion recorded in 2023.
  • Peak annual rise in Operating Expenses hit 23.53% in 2021, while the deepest fall reached 6.79% in 2021.
  • Over 5 years, Operating Expenses stood at $68.2 billion in 2021, then grew by 11.28% to $75.9 billion in 2022, then grew by 14.29% to $86.7 billion in 2023, then rose by 7.26% to $93.0 billion in 2024, then increased by 21.28% to $112.8 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $112.8 billion, $108.8 billion, and $106.5 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.