Managed Care (Hmo & Ppos) was Universal Health Services’s largest product and service line in fiscal 2025, bringing in $4.90B of $17.36B (28%).
| Product and Service | FY 2009 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Managed Care (Hmo & Ppos) | $4.01B | $4.21B | $4.50B | $4.90B | |||||||
| Acute Care Hospital Services | — | — | — | — | |||||||
| Managed Medicaid | $2.21B | $2.29B | $2.30B | $2.48B | |||||||
| Medicare | $1.62B | $1.61B | $1.67B | $1.86B | |||||||
| Medicaid | $1.51B | $1.53B | $2.25B | $2.69B | |||||||
| Managed Medicare | $1.56B | $1.71B | $1.88B | $2.08B | |||||||
| Behavioral Health Services | — | — | — | — | |||||||
| Other Non-Patient Revenue | $1.06B | $1.18B | $1.23B | $1.11B | |||||||
| Other Patient Revenue & Adjustments, Net | $745.64M | $981.20M | $1.11B | $1.24B | |||||||
| Uk Revenue | $684.59M | $761.12M | $880.15M | $1.00B | |||||||
| Other | — | — | — | — | |||||||
| Total | $13.40B | $14.28B | $15.83B | $17.36B |
Universal Health Services brought in $17.36B from its eight product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 9.7% from $15.83B in fiscal 2024. Managed Care (Hmo & Ppos) was the largest at $4.90B (28.2%), ahead of Medicaid at $2.69B (15.5%) and Managed Medicaid at $2.48B (14.3%). The other five lines brought in $7.29B combined.
Compared with fiscal 2024, Medicaid grew fastest, up 19.3% to $2.69B, while Other Non-Patient Revenue fell the most, down 9.3% to $1.11B. From fiscal 2022 to 2025, combined revenue from these lines grew from $13.40B to $17.36B, a compound annual growth rate of 9.0%. Managed Care (Hmo & Ppos)'s share of the total fell from 29.9% to 28.2%.
Acute Care Hospital Services was Universal Health Services’s largest segment in fiscal 2025, bringing in $9.93B of $17.38B (57%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Acute Care Hospital Services | $7.65B | $8.08B | $8.94B | $9.93B | ||||||
| Behavioral Health Services | $5.73B | $6.19B | $6.87B | $7.43B | ||||||
| Other | $22.86M | — | — | — | ||||||
| Corporate Nonsegment | — | $9.65M | $10.56M | $13.42M | ||||||
| Material Reconciling Items | — | $9.65M | $10.56M | $13.42M | ||||||
| Total | $13.40B | $14.29B | $15.84B | $17.38B |
Universal Health Services brought in $17.38B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 9.7% from $15.84B in fiscal 2024. Acute Care Hospital Services was the largest at $9.93B (57.1%), ahead of Behavioral Health Services at $7.43B (42.7%) and Corporate Nonsegment at $13.42M (0.1%). The remaining segment, Material Reconciling Items, brought in $13.42M.
Compared with fiscal 2024, Acute Care Hospital Services grew 11.0% to $9.93B and Behavioral Health Services grew 8.0% to $7.43B.
Universal Health Services began breaking out Corporate Nonsegment in fiscal 2023 and Material Reconciling Items in fiscal 2023. Universal Health Services stopped reporting Other as a separate segment after fiscal 2022, when it brought in $22.86M.
Guarantors was Universal Health Services’s largest revenue line in fiscal 2013, bringing in $5.73B of $8.52B (67%).
| Legal Entity | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 |
|---|---|---|---|---|---|
| Guarantors | $3.49B | $4.92B | $5.15B | $5.73B | |
| Non Guarantors | $1.98B | $2.47B | $2.56B | $2.79B | |
| Parent | — | — | — | — | |
| Consolidating Adjustments | — | -$26.48M | — | — | |
| Total | $5.48B | $7.36B | $7.72B | $8.52B |
Universal Health Services brought in $8.52B from its two revenue lines in fiscal 2013, the year ended December 31, 2013. That was up 10.5% from $7.72B in fiscal 2012. Guarantors was the largest at $5.73B (67.3%), ahead of Non Guarantors at $2.79B (32.7%).
Compared with fiscal 2012, Guarantors grew 11.3% to $5.73B and Non Guarantors grew 8.8% to $2.79B. From fiscal 2010 to 2013, combined revenue from these revenue lines grew from $5.48B to $8.52B, a compound annual growth rate of 15.9%. Guarantors' share of the total rose from 63.8% to 67.3%.
Universal Health Services (UHS) reports its revenue by product and service, by segment and by legal entity. In fiscal 2025, Managed Care (Hmo & Ppos) was its largest product and service line, bringing in $4.90B (28.2% of the total), followed by Medicaid at $2.69B (15.5%).
Managed Care (Hmo & Ppos) was Universal Health Services' largest product and service line in fiscal 2025, bringing in $4.90B, or 28.2% of the $17.36B total across its eight product and service lines.
Acute Care Hospital Services was Universal Health Services' largest segment in fiscal 2025, bringing in $9.93B, or 57.1% of the $17.38B total across its four segments.
Guarantors was Universal Health Services' largest revenue line in fiscal 2013, bringing in $5.73B, or 67.3% of the $8.52B total across its two revenue lines.
Among Universal Health Services' product and service lines that make up at least 2% of revenue, Medicaid grew fastest in fiscal 2025, up 19.3% from $2.25B to $2.69B.
Every figure comes from Universal Health Services' annual financial filings, as reported. Each line keeps the name Universal Health Services gives it, and years follow its fiscal calendar.
Universal Health Services' revenue by product and service goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.