Filing Flows › UnitedHealth Group (UNH) › Q3 2026 › vs Q3 2025
UnitedHealth Group (UNH) Q3 2026 vs Q3 2025 (year over year)
UnitedHealth Group's revenue fell $467M (-0.4%) from $113.2B in Q3 2025 to $112.7B in Q3 2026. Operating margin 5.8% against 3.8% (+2.0 pts).
UnitedHealth Group, Q3 2026: revenue $112.7B (-0.4% year over year), operating margin 5.8%, net earnings $4.1B, operating cash flow $5.1B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 5.8% | 3.8% | +2.0 pts |
| Net margin | 3.6% | 2.1% | +1.6 pts |
| Free cash flow margin | 3.8% | 4.5% | -0.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $112.7B | $113.2B | −$467M | -0.4% |
| Operating profit | $6.6B | $4.3B | $2.2B | +52% |
| Costs & expenses | $106.1B | $108.8B | −$2.7B | -2% |
| Pre-tax earnings | $5.5B | $3.2B | $2.3B | +71% |
| Other expense, net | $1.0B | $1.1B | −$47.0M | -4% |
| Cost of revenue | $13.7B | $12.6B | $1.1B | +9% |
| SG&A | $14.4B | $15.2B | −$854M | -6% |
| Other operating costs | $78.1B | $81.1B | −$3.0B | -4% |
| Net earnings | $4.1B | $2.3B | $1.8B | +75% |
| Minority interests | $190M | $195M | −$5.0M | -3% |
| Income tax | $1.2B | $686M | $538M | +78% |
| Depreciation & amortization | $1.1B | $1.1B | −$26.0M | -2% |
| Share-based compensation | $219M | $223M | −$4.0M | -2% |
| Working capital & other | $279M | −$2.3B | $2.6B | — |
| Operating cash flow | $5.1B | $5.9B | −$822M | -14% |
| Free cash flow (OCF − capex) | $4.3B | $5.1B | −$791M | -16% |
| Capital expenditures | $859M | $890M | −$31.0M | -3% |
Questions
How much did UnitedHealth Group's revenue grow year over year in Q3 2026?
UnitedHealth Group's revenue fell $467M (-0.4%) from $113.2B in Q3 2025 to $112.7B in Q3 2026. Operating margin 5.8% against 3.8% (+2.0 pts).