Filing Flows › UnitedHealth Group (UNH) › How it makes money
How UnitedHealth Group (UNH) makes money
UnitedHealth Group (UNH) made $112.7B of revenue in the third quarter 2026 (Q3 2026), -0.4% from a year earlier. Of every dollar of revenue, 6¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $112.7B | 100.0% |
| Operating profit | $6.6B | 5.8% |
| Income tax | $1.2B | 1.1% |
| Net earnings | $4.1B | 3.6% |
| Operating cash flow | $5.1B | 4.5% |
| Free cash flow | $4.3B | 3.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $112.7B | -0.4% |
| Q2 2026 | $112.0B | +0.4% |
| Q1 2026 | $111.7B | +2% |
| Q4 2025 | $113.2B | +12% |
| Q3 2025 | $113.2B | +12% |
| Q2 2025 | $111.6B | +13% |
| Q1 2025 | $109.6B | +10% |
From UnitedHealth Group's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does UnitedHealth Group make money?
UnitedHealth Group (UNH) made $112.7B of revenue in the third quarter 2026 (Q3 2026), -0.4% from a year earlier. Of every dollar of revenue, 6¢ was left as operating profit, 4¢ was left as net earnings.
What is UnitedHealth Group's profit margin?
Net earnings were $4.1B, 3.6% of revenue, in the third quarter 2026; the operating margin was 5.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.