NYSE · Healthcare · Financials
UnitedHealth Group (UNH) Financial Statements: Income, Balance Sheet & Cash Flow
Revenue, profitability, balance-sheet strength, and cash generation for UNH. SEC filings, statements through Jun 30, 2026.
Section freshness
Prices as of Sep 8, 1:21 PM EDT · Fundamentals checked Sep 8, 12:38 PM EDT · Statements Jun 30, 2026
Financial read
UNH latest financial snapshot.
Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.
Free cash flow
$16.07B
ANNUAL FY2025
Balance sheet coverage
UNH balance sheet summary
Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.
20 quarterly · 4 annual rows · Market data source · as of 2026-06-30
Latest period
Q2 FY2026
20 quarterly · 4 annual rows
Assets / liabilities
$309.73B
Liabilities $203.78B
Cash / debt
$28.59B
Net cash -$44.74B
Equity / working capital
—
Working capital -$24.96B
Financial statements
UNH statement coverage.
Income statement, balance sheet, and cash-flow figures for UNH, with quarterly and annual history in the tables below.
Data last updated
Jun 29, 2026
Income periods
4
Balance-sheet periods
24
Cash-flow periods
4
Quarterly and annual UNH statements, sourced from SEC filings, statements through Jun 30, 2026.
Financial statement period
UNH statement history
SEC filings, statements through Jun 30, 2026 · Data last updated: Jun 29, 2026
Income statement
Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.
| Period | Revenue | Operating income | Net income | Net margin | Revenue YoY | Net income YoY |
|---|---|---|---|---|---|---|
| FY2025 | $447.57B | $18.96B | $12.06B | 2.69% | +11.8% | -16.3% |
| FY2024 | $400.28B | $32.29B | $14.40B | 3.60% | +7.7% | -35.6% |
| FY2023 | $371.62B | $32.36B | $22.38B | 6.02% | +14.6% | +11.2% |
| FY2022 | $324.16B | $28.43B | $20.12B | 6.21% |
Balance sheet
Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.
| Period | Cash | Current assets | Current liabilities | Total assets | Total liabilities | Total debt | Debt QoQ |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 | $28.59B | $86.86B | $111.82B | $309.73B | $203.78B | $73.33B | -5.9% |
| Q1 FY2026 | $28.00B | $91.13B | $114.12B | $312.64B | $207.32B | $77.92B | -0.6% |
| Q4 FY2025 | $24.36B | $90.58B | $114.90B | $309.58B | $207.88B | $78.39B | -2.2% |
| Q3 FY2025 | $27.21B | $95.07B | $115.53B | $315.27B | $209.46B | $80.14B | +1.2% |
| Q2 FY2025 | $28.60B | $93.70B | $110.78B | $308.57B | $203.79B | $79.19B | -2.6% |
| Q1 FY2025 | $30.72B | $96.28B | $113.47B | $309.79B | $204.62B | $81.27B | +5.7% |
| Q4 FY2024 | $25.31B | $85.78B | $103.77B | $298.28B | $195.69B | $76.90B | -1.4% |
| Q3 FY2024 | $32.40B | $92.26B | $101.56B | $299.31B | $194.85B | $78.01B | +3.9% |
Cash flow
Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.
| Period | Operating cash flow | CapEx | Free cash flow | Net income | Buybacks | FCF YoY |
|---|---|---|---|---|---|---|
| FY2025 | $19.70B | $3.62B | $16.07B | $12.06B | $5.54B | -22.4% |
| FY2024 | $24.20B | $3.50B | $20.70B | $14.40B | $9.00B | -19.4% |
| FY2023 | $29.07B | $3.39B | $25.68B | $22.38B | $8.00B | +9.7% |
| FY2022 | $26.21B | $2.80B | $23.40B | $20.12B | $7.00B |
Valuation and returns
- Enterprise value
- $402.53B
- TECHi computed
- Return on equity
- 23.60%
- Market data source
- Return on assets
- 4.56%
- Market data source · as of 2026-09-08
- Debt / equity
- 0.72
- Current ratio 0.78
Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.
Annual revenue and income multiples
Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.
- Annual revenue base
- $447.57B
- Annual statement 2025-12-31
- Annual income base
- $12.06B
- Annual statement 2025-12-31
- Market cap / annual revenue
- 0.80
- Live market value divided by annual revenue
- Market cap / annual income
- 29.68
- Live market value divided by annual net income
Annual sales and income multiple
Market capitalization bridge
TTM valuation multiples
- TTM revenue
- $450.13B
- Trailing twelve months
- EBIT fallback
- $18.96B
- Annual operating income fallback
- Market cap / TTM revenue
- 0.79
- Live market value divided by trailing twelve months revenue
- EV / TTM revenue
- 0.89
- Enterprise value divided by trailing twelve months revenue
Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.
Profit multiples
Efficiency
- Revenue / employee
- $1.15M
- 390,000 employees
- Market cap / employee
- $917,399.478
- Live value per employee
Growth vs cost pressure
Balance sheet · Q2 FY2026
- Cash & equivalents
- $28.59B
- Total debt
- $73.33B
- Net cash
- -$44.74B
- Net debt position
Balance sheet detail
- Current assets
- $86.86B
- Current liabilities
- $111.82B
- Receivables
- $21.57B
- Property, plant & equipment
- $10.76B
- Current debt
- $3.83B
- Long-term debt
- $69.50B
Debt and liquidity
Cash + short-term investments + receivables / current liabilities
Cash generation
- Operating cash flow
- $19.70B
- Capital expenditure
- $3.62B
- Free cash flow
- $16.07B
- Capital returned
- $5.54B
- Buybacks + dividends paid
Cash-flow detail
- Investing cash flow
- -$8.69B
- Financing cash flow
- -$11.64B
- Stock issuance
- $827.00M
- Common stock issued
- Buybacks
- $5.54B
- Net buybacks
- $4.72B
- Repurchases less stock issuance
Cash flow read
UNH runs cash-flow positive.
UNH is generating $16.07B of free cash, which funds buybacks ($5.54B) and dividends (—) without leaning on the balance sheet. Watch the gap between FCF and net income — a widening gap is usually working-capital noise; a persistent gap is a signal.
Frequently asked
Common questions.
What financial data is available for UNH?
TECHi shows UnitedHealth Group's income statement, balance sheet, and cash-flow statement by reported period, with each figure attributed to its source. Line items the company does not report are left blank rather than estimated.
How current are UNH's financial statements?
Each UNH statement is labelled with its reported period and source, so you can see exactly which quarter or fiscal year a figure covers and when the data was last updated.
What is UnitedHealth Group's reported net margin?
UnitedHealth Group reports a net margin of 3.14% in its latest available fundamentals; the statements below show the revenue and cost lines behind it.