Filing Flows › UnitedHealth Group (UNH) › Q2 2026 › vs Q1 2026
UnitedHealth Group (UNH) Q2 2026 vs Q1 2026 (quarter over quarter)
UnitedHealth Group's revenue rose $311M (+0.3%) from $111.7B in Q1 2026 to $112.0B in Q2 2026. Operating margin 7.1% against 8.0% (-0.9 pts).
UnitedHealth Group, Q2 2026: revenue $112.0B (+0.4% year over year), operating margin 7.1%, net earnings $5.5B, operating cash flow $11.1B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 7.1% | 8.0% | -0.9 pts |
| Net margin | 4.9% | 5.6% | -0.7 pts |
| Free cash flow margin | 9.2% | 7.3% | +1.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $112.0B | $111.7B | $311M | +0.3% |
| Operating profit | $8.0B | $9.0B | −$999M | -11% |
| Costs & expenses | $104.0B | $102.7B | $1.3B | +1% |
| Pre-tax earnings | $7.0B | $8.0B | −$995M | -12% |
| Other expense, net | $1.0B | $1.0B | −$4.0M | -0.4% |
| Cost of revenue | $13.4B | $12.8B | $552M | +4% |
| SG&A | $14.3B | $15.4B | −$1.1B | -7% |
| Other operating costs | $76.4B | $74.5B | $1.9B | +3% |
| Net earnings | $5.5B | $6.3B | −$796M | -13% |
| Minority interests | $186M | $201M | −$15.0M | -7% |
| Income tax | $1.3B | $1.5B | −$184M | -12% |
| Depreciation & amortization | $1.0B | $1.0B | $11.0M | +1% |
| Share-based compensation | $276M | $348M | −$72.0M | -21% |
| Working capital & other | $4.3B | $1.3B | $3.0B | +239% |
| Operating cash flow | $11.1B | $8.9B | $2.1B | +24% |
| Free cash flow (OCF − capex) | $10.3B | $8.1B | $2.1B | +26% |
| Capital expenditures | $799M | $763M | $36.0M | +5% |
Questions
How much did UnitedHealth Group's revenue grow quarter over quarter in Q2 2026?
UnitedHealth Group's revenue rose $311M (+0.3%) from $111.7B in Q1 2026 to $112.0B in Q2 2026. Operating margin 7.1% against 8.0% (-0.9 pts).