Unitedhealth (UNH) Operating Income (2009 - 2026)
Unitedhealth's Operating Income came in at $6.56 billion for Q3 2026, up 52.1% from $4.32 billion a year earlier but down 17.9% from the prior quarter.
Powered by 
Analysis
Unitedhealth (UNH) Operating Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Unitedhealth reported Operating Income of $23.92 billion, down 9.2% year-over-year; for FY2025, it was $18.96 billion, down 41.3% from FY2024.
- Operating Income carries a five-year compound annual growth rate of -3.3% (FY2020 to FY2025).
- Going back by year, Operating Income was $32.29 billion in FY2024 (-0.2%), $32.36 billion in FY2023 (+13.8%), $28.44 billion in FY2022 (+18.6%) and $23.97 billion in FY2021 (+7.0%).
- The five-year range for quarterly Operating Income is $380 million (Q4 2025) to $9.12 billion (Q1 2025).
- Year-over-year, Operating Income increased in four of the last eight quarters, with an average decline of 7.3%.
- The fastest year-over-year change in Operating Income over five years came in Q4 2021 (growth of 57.5%), and the weakest in Q4 2025 (a decline of 95.1%).
- Business Quant data shows UNH's Operating Income at $7.99 billion (Q2 2026), $8.99 billion (Q1 2026) and $380 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 362.93 Bn | 249.60 Bn | 35.71 Bn | 6.56 Bn |
| 2 | Mckesson | 125.16 Bn | 109.10 Bn | 3.96 Bn | 1.60 Bn |
| 3 | Cvs Health | 113.93 Bn | 62.88 Bn | 47.21 Bn | 3.57 Bn |
| 4 | Elevance Health | 92.83 Bn | -49.64 Bn | 13.65 Bn | 2.15 Bn |
| 5 | Cigna | 79.88 Bn | 49.09 Bn | 15.09 Bn | 2.40 Bn |
| 6 | Cencora | 66.55 Bn | 66.55 Bn | 3.60 Bn | 906.81 Mn |
| 7 | Cardinal Health | 64.00 Bn | 47.32 Bn | 2.60 Bn | 753.00 Mn |
| 8 | Humana | 52.60 Bn | -38.18 Bn | 4.83 Bn | 75.00 Mn |
| 9 | Centene | 34.53 Bn | -39.52 Bn | 8.24 Bn | -1.75 Bn |
| 10 | Molina Healthcare | 10.74 Bn | -24.26 Bn | 1.36 Bn | 106.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.56 Bn |
| Jun 30, 2026 | 7.99 Bn |
| Mar 31, 2026 | 8.99 Bn |
| Dec 31, 2025 | 380.00 Mn |
| Sep 30, 2025 | 4.32 Bn |
| Jun 30, 2025 | 5.15 Bn |
| Mar 31, 2025 | 9.12 Bn |
| Dec 31, 2024 | 7.77 Bn |
| Sep 30, 2024 | 8.71 Bn |
| Jun 30, 2024 | 7.88 Bn |
| Mar 31, 2024 | 7.93 Bn |
| Dec 31, 2023 | 7.69 Bn |
| Sep 30, 2023 | 8.53 Bn |
| Jun 30, 2023 | 8.06 Bn |
| Mar 31, 2023 | 8.09 Bn |
| Dec 31, 2022 | 6.89 Bn |
| Sep 30, 2022 | 7.46 Bn |
| Jun 30, 2022 | 7.13 Bn |
| Mar 31, 2022 | 6.95 Bn |
| Dec 31, 2021 | 5.54 Bn |
API Access
Unitedhealth Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=UNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "UNH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=UNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();