Filing Flows › Universal Health Services (UHS) › How it makes money
How Universal Health Services (UHS) makes money
Universal Health Services (UHS) made $4.7B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Managed Care brought in $1.2B (26%); Medicaid brought in $798M (17%); Managed Medicaid brought in $655M (14%). Of every dollar of revenue, 10¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Managed Care | $1.2B | 26.1% | +3% | -0.6% |
| Medicaid | $798M | 16.9% | -3% | +4% |
| Managed Medicaid | $655M | 13.8% | +0.1% | +4% |
| Managed Medicare | $576M | 12.2% | +5% | +12% |
| Medicare | $498M | 10.5% | +4% | +8% |
| Other Patient Revenue and Adjustments Net | $362M | 7.6% | +16% | +13% |
| Other Non Patient Revenue | $311M | 6.6% | -12% | +4% |
| UK Revenue | $299M | 6.3% | +11% | +13% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.7B | 100.0% |
| Operating profit | $454M | 9.6% |
| Income tax | $101M | 2.1% |
| Net earnings | $309M | 6.5% |
| Operating cash flow | $637M | 13.4% |
| Free cash flow | $422M | 8.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.7B | +5% |
| Q2 2026 | $4.6B | +8% |
| Q1 2026 | $4.5B | +10% |
| Q4 2025 | $4.5B | +9% |
| Q3 2025 | $4.5B | +13% |
| Q2 2025 | $4.3B | +10% |
| Q1 2025 | $4.1B | +7% |
From Universal Health Services' 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Universal Health Services make money?
Universal Health Services (UHS) made $4.7B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Managed Care brought in $1.2B (26%); Medicaid brought in $798M (17%); Managed Medicaid brought in $655M (14%). Of every dollar of revenue, 10¢ was left as operating profit, 7¢ was left as net earnings.
What is Universal Health Services' biggest business?
Managed Care: $1.2B in the third quarter 2026, 26% of revenue, -0.6% from a year earlier.
What is Universal Health Services' profit margin?
Net earnings were $309M, 6.5% of revenue, in the third quarter 2026; the operating margin was 9.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.