SuperworthUnitedHealth profit margin UNH
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 3.5%
- Operating margin, 12 months
- 5.3%
- Net margin on a year earlier
- −0.5 pts
- Peer median
- 1.7%
Over the twelve months to Sep 30, 2026, UnitedHealth kept 3.5% of its revenue as net profit, with an operating margin of 5.3%.
Five years earlier its net margin was 5.5%.
The median for 4 health insurers of a similar size is 1.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 2.7% | 4.2% |
| FY2024 | 3.6% | 8.1% |
| FY2023 | 6.0% | 8.7% |
| FY2022 | 6.2% | 8.8% |
| FY2021 | 6.0% | 8.3% |
| FY2020 | 6.0% | 8.7% |
| FY2019 | 5.7% | 8.1% |
| FY2018 | 5.3% | 7.7% |
| FY2017 | 5.2% | 7.6% |
| FY2016 | 3.8% | 7.0% |
| FY2015 | 3.7% | 7.0% |
| FY2014 | 4.3% | 7.9% |
| FY2013 | 4.6% | 7.9% |
| FY2012 | 5.0% | 8.4% |
| FY2011 | 5.0% | 8.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 3.5% | −0.5 pts | 5.3% | |
| Q2 FY26 | 3.1% | −1.9 pts | 4.8% | |
| Q1 FY26 | 2.7% | −2.7 pts | 4.2% | |
| Q4 FY25 | 2.7% | −0.9 pts | 4.2% | |
| Q3 FY25 | 4.0% | +0.4 pts | 6.1% | |
| Q2 FY25 | 5.0% | +1.4 pts | 7.3% | |
| Q1 FY25 | 5.4% | +1.3 pts | 8.2% | |
| Q4 FY24 | 3.6% | −2.4 pts | 8.1% | |
| Q3 FY24 | 3.6% | −2.4 pts | 8.2% | |
| Q2 FY24 | 3.7% | −2.4 pts | 8.3% | |
| Q1 FY24 | 4.0% | −2.1 pts | 8.5% | |
| Q4 FY23 | 6.0% | −0.2 pts | 8.7% |
Against its peers
Companies in Medical - Healthcare Plans nearest UnitedHealth's size, closest first, today.
| Company | Profit margin |
|---|---|
| UNHUnitedHealth | 3.5% |
| CVSCVS Health | 1.2% |
| ELVElevance Health | 2.5% |
| CICigna | 2.3% |
| HUMHumana | 0.9% |
| Peer median | 1.7% |
Where UnitedHealth ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on UnitedHealth
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.