Filing Flows › Universal Health Services (UHS) › Q2 2025
Universal Health Services (UHS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Universal Health Services (UHS) reported revenue of $4.3B for the second quarter 2025 (Q2 2025), +10% from a year earlier and +4% from the quarter before. Operating margin was 11.7%, net earnings $353M (8.2% of revenue).
Universal Health Services, Q2 2025: revenue $4.3B (+10% year over year), operating margin 11.7%, net earnings $353M, operating cash flow $549M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | +4% | +10% |
| Operating profit | $500M | +10% | +15% |
| Net earnings | $353M | +12% | +22% |
| Operating cash flow | $549M | +52% | -19% |
| Free cash flow | $283M | +134% | -35% |
What changed
Revenue was $4.3B in Q2 2025, up 10% year over year and up 4% from the previous quarter. Managed Care was the largest line at 29% of revenue. Medicaid added $0.11B year over year (up 21%), 30% of the total change. Other Non Patient Revenue declined 9%.
Operating profit was $0.50B, a 11.7% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 11% margin then. Total costs grew 9% against revenue growth of 10%. Net earnings were $0.35B, up 22% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.55B (down 19% year over year), 151% of net income including minority interests. Non-cash charges added back $0.15B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.27B left free cash flow of $0.28B.
Questions
What was Universal Health Services' revenue in the second quarter 2025?
Universal Health Services (UHS) reported revenue of $4.3B for the second quarter 2025 (Q2 2025), +10% from a year earlier and +4% from the quarter before.
Was Universal Health Services profitable in the second quarter 2025?
Operating profit was $500M (11.7% of revenue) and net earnings $353M.