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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.

  • On a quarterly basis, Operating Expenses rose 21.28% to $112.8 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $428.6 billion, a 16.47% increase, with the full-year FY2025 number at $428.6 billion, up 16.47% from a year prior.
  • Operating Expenses was $112.8 billion for Q4 2025 at Unitedhealth, up from $108.8 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $112.8 billion in Q4 2025 to a low of $63.5 billion in Q1 2021.
  • A 5-year average of $84.8 billion and a median of $84.3 billion in 2023 define the central range for Operating Expenses.
  • Biggest YoY gain for Operating Expenses was 23.53% in 2021; the steepest drop was 6.79% in 2021.
  • Unitedhealth's Operating Expenses stood at $68.2 billion in 2021, then rose by 11.28% to $75.9 billion in 2022, then rose by 14.29% to $86.7 billion in 2023, then increased by 7.26% to $93.0 billion in 2024, then grew by 21.28% to $112.8 billion in 2025.
  • Per Business Quant, the three most recent readings for UNH's Operating Expenses are $112.8 billion (Q4 2025), $108.8 billion (Q3 2025), and $106.5 billion (Q2 2025).