cash flow reconciliationreview2026-03-31
Operating, investing and financing flows differ from the reported change in cash by 170000000, beyond tolerance 89120000.00.
Revenue
$112.03B
Fiscal year ended 2026-06-30Net income
$5.48B
Fiscal year ended 2026-06-30Total assets
$309.73B
Fiscal year ended 2026-06-30UNITEDHEALTH GROUP INC (UNH) reported revenue of $112.03B and net income of $5.48B for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from UNITEDHEALTH GROUP INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Hospital & Medical Service Plans.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $112.03B | $111.72B | $113.22B | $113.16B | $111.62B | $109.58B | $100.81B | $100.82B | $98.86B | $99.80B |
| Cost of revenue | $13.38B | $12.82B | $12.68B | $12.57B | $13.02B | $12.39B | $12.46B | $11.83B | $11.34B | $11.06B |
| Gross profit | $98.66B | $98.90B | $100.54B | $100.60B | $98.60B | $97.18B | $88.34B | $88.99B | $87.52B | $88.74B |
| Operating income | $7.99B | $8.99B | $380.00M | $4.32B | $5.15B | $9.12B | $7.77B | $8.71B | $7.88B | $7.93B |
| Net income | $5.48B | $6.28B | $10.00M | $2.35B | $3.41B | $6.29B | $5.54B | $6.06B | $4.22B | -$1.41B |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 906.00M | shares 910.00M | Unavailable | shares 908.00M | shares 910.00M | shares 918.00M | Unavailable | shares 930.00M | shares 928.00M | shares 922.00M |
| Pretax income | $6.97B | $7.96B | -$720.00M | $3.23B | $4.08B | $8.11B | $6.79B | $7.61B | $5.66B | $1.00M |
| Income tax expense | $1.30B | $1.48B | -$938.00M | $686.00M | $510.00M | $1.63B | $1.01B | $1.36B | $1.24B | $1.22B |
| Diluted EPS | $6.04 | $6.90 | Unavailable | $2.59 | $3.74 | $6.85 | Unavailable | $6.51 | $4.54 | $-1.53 |
| Selling, general & administrative | $14.27B | $15.39B | $17.00B | $15.22B | $13.78B | $13.59B | $12.49B | $13.28B | $13.16B | $14.08B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $28.58B | $28.00B | $24.36B | $27.21B | $28.60B | $30.72B | $25.31B | $32.40B | $26.29B | $28.41B |
| Total assets | $309.73B | $312.64B | $309.58B | $315.27B | $308.57B | $309.79B | $298.28B | $299.31B | $286.06B | $284.21B |
| Current assets | $86.86B | $91.13B | $90.58B | $95.07B | $93.70B | $96.28B | $85.78B | $92.26B | $92.04B | $88.94B |
| Total liabilities | $203.78B | $207.32B | $207.88B | $209.46B | $203.79B | $204.62B | $195.69B | $194.85B | $186.82B | $187.29B |
| Current liabilities | $111.82B | $114.12B | $114.90B | $115.53B | $110.78B | $113.47B | $103.77B | $101.56B | $104.67B | $104.43B |
| Total equity incl. NCI | $104.51B | $103.90B | $100.09B | $101.57B | $100.47B | $100.81B | $98.27B | $99.88B | $94.68B | $92.37B |
| Temporary (mezzanine) equity | $1.44B | $1.42B | $1.61B | $4.24B | $4.32B | $4.36B | $4.32B | $4.57B | $4.56B | $4.55B |
| Inventory | Unavailable | Unavailable | $3.30B | Unavailable | Unavailable | Unavailable | $3.80B | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $21.57B | $26.59B | $23.02B | $22.67B | $24.14B | $26.94B | $22.36B | $20.02B | $23.12B | $27.20B |
| Goodwill | $110.64B | $110.51B | $110.50B | $110.34B | $107.68B | $107.57B | $106.73B | $105.98B | $105.44B | $105.66B |
| Long-term debt | $69.50B | $71.44B | $72.32B | $72.40B | $73.50B | $71.28B | $72.36B | $74.10B | $63.73B | $63.85B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.05B | $8.91B | $1.11B | $5.94B | $7.19B | $5.46B | $2.37B | $13.94B | $6.75B | $1.14B |
| Capital expenditures | $799.00M | $763.00M | $948.00M | $890.00M | $886.00M | $898.00M | $912.00M | $991.00M | $853.00M | $743.00M |
| Investing cash flow | -$1.80B | -$2.45B | -$2.61B | -$4.56B | -$1.44B | -$74.00M | -$1.12B | -$5.65B | -$7.42B | -$6.34B |
| Financing cash flow | -$8.62B | -$2.99B | -$1.03B | -$2.76B | -$7.95B | $99.00M | -$8.34B | -$2.20B | -$1.20B | $8.23B |
| Net change in cash | $584.00M | $3.64B | -$2.84B | -$1.39B | -$2.12B | $5.40B | -$7.09B | $6.11B | -$2.13B | $2.99B |
| Stock-based compensation | $276.00M | $348.00M | $176.00M | $223.00M | $197.00M | $375.00M | $187.00M | $237.00M | $222.00M | $372.00M |
| Common dividends paid | $2.09B | $2.00B | $2.00B | $2.00B | $2.00B | $1.91B | $1.93B | $1.94B | $1.94B | $1.73B |
| Common share repurchases | $1.65B | $0 | $0 | $0 | $2.54B | $3.00B | $4.97B | $956.00M | $0 | $3.07B |
| Depreciation & amortization | $1.04B | $1.03B | $1.12B | $1.10B | $1.08B | $1.06B | $1.04B | $1.04B | $1.02B | $997.00M |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $10.25B | $8.15B | $160.00M | $5.06B | $6.30B | $4.56B | $1.46B | $12.95B | $5.89B | $401.00M |
| Gross margin | 88.1% | 88.5% | 88.8% | 88.9% | 88.3% | 88.7% | 87.6% | 88.3% | 88.5% | 88.9% |
| Operating margin | 7.1% | 8.0% | 0.3% | 3.8% | 4.6% | 8.3% | 7.7% | 8.6% | 8.0% | 7.9% |
| FCF margin | 9.2% | 7.3% | 0.1% | 4.5% | 5.6% | 4.2% | 1.4% | 12.8% | 6.0% | 0.4% |
| SBC / revenue | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.4% |
| Current ratio | 0.78x | 0.80x | 0.79x | 0.82x | 0.85x | 0.85x | 0.83x | 0.91x | 0.88x | 0.85x |
| Revenue YoY growth | 0.4% | 2.0% | 12.3% | 12.2% | 12.9% | 9.8% | 6.8% | 9.2% | 6.4% | 8.6% |
| Net margin | 4.9% | 5.6% | 0.0% | 2.1% | 3.1% | 5.7% | 5.5% | 6.0% | 4.3% | -1.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 0.7% | 0.7% | 0.8% | 0.8% | 0.8% | 0.8% | 0.9% | 1.0% | 0.9% | 0.7% |
| Long-term debt / equity | 0.66x | Unavailable | 0.72x | 0.71x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 18.6% | 18.6% | Unavailable | 21.2% | 12.5% | 20.1% | 14.8% | 17.8% | 22.0% | 122200.0% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open UNH in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-10View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-03-02View SEC filing
10-Q · Filed 2025-10-28View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-07View SEC filing
Reconciliation checks needing review
4 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2025-12-31
Operating, investing and financing flows differ from the reported change in cash by 326000000, beyond tolerance 26110000.00.
cash flow reconciliationreview2025-03-31
Operating, investing and financing flows differ from the reported change in cash by 91000000, beyond tolerance 54560000.00.
cash flow reconciliationreview2024-06-30
Operating, investing and financing flows differ from the reported change in cash by 265000000, beyond tolerance 74170000.00.