Filing Flows › UnitedHealth Group (UNH) › Q2 2026
UnitedHealth Group (UNH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
UnitedHealth Group (UNH) reported revenue of $112.0B for the second quarter 2026 (Q2 2026), +0.4% from a year earlier and +0.3% from the quarter before. Operating margin was 7.1%, net earnings $5.5B (4.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112.0B | +0.3% | +0.4% |
| Operating profit | $8.0B | -11% | +55% |
| Net earnings | $5.5B | -13% | +61% |
| Operating cash flow | $11.1B | +24% | +54% |
| Free cash flow | $10.3B | +26% | +63% |
What changed
Revenue was $112.0B in Q2 2026, roughly flat year over year and roughly flat from the previous quarter.
Operating profit was $8.0B, a 7.1% margin (up 2.5 points year over year). Of the extra revenue versus Q2 2025, 683% reached operating profit, above the 5% margin then. Total costs fell 2% while revenue was flat. Net earnings were $5.5B, up 61% year over year. The effective tax rate was 18.6%.
Operating cash flow was $11.1B (up 54% year over year), 195% of net income including minority interests. Non-cash charges added back $1.0B of depreciation and amortization and $0.28B of share-based compensation. Working capital and other items added $4.1B. Capital expenditures of $0.80B left free cash flow of $10.3B.
Questions
What was UnitedHealth Group's revenue in the second quarter 2026?
UnitedHealth Group (UNH) reported revenue of $112.0B for the second quarter 2026 (Q2 2026), +0.4% from a year earlier and +0.3% from the quarter before.
Was UnitedHealth Group profitable in the second quarter 2026?
Operating profit was $8.0B (7.1% of revenue) and net earnings $5.5B.
Source: UnitedHealth Group 10-Q on SEC EDGAR.