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UnitedHealth Group Incorporated logo
UNH.NYSE
UnitedHealth Group Incorporated
Health Care · Managed Health Care

Diversified healthcare company providing health insurance and healthcare services through UnitedHealthcare and Optum divisions.

HQ: United StatesListed: United States

Profile & Fundamentals

UnitedHealth Group Incorporated: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

UnitedHealth Group Incorporated Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

UnitedHealth Group Incorporated operates as a health care company in the United States and internationally. It operates through four segments: Optum Health, Optum Insight, Optum Rx; and UnitedHealthcare. The Optum Health segment provides care delivery, care management, wellness and consumer engagement, and health financial services with patients, consumers, care delivery systems, providers, employers, payers, and public-sector entities. The Optum Insight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, public entities, life sciences companies and other organizations. The Optum Rx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and community health pharmacy services, infusion, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease and drug therapy management. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; Medicaid plans, including Temporary Assistance to Needy Families; Children's Health Insurance Programs; Dual SNPs; Long-Term Services and Supports; Aged, Blind and Disabled; and other federal, state, and community health care programs. and health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage. UnitedHealth Group Incorporated was founded in 1974 and is based in Eden Prairie, Minnesota.

UNH.NYSE

Company profile record

UnitedHealth Group Incorporated

Common Stock · Health Care · Managed Health Care

Official website

Company

Company / asset
UnitedHealth Group Incorporated
Security type
Common Stock
Sector
Health Care
Industry
Managed Health Care
HQ
🇺🇸 United States
Head office
1 Health Drive, Eden Prairie, MN, United States, 55344

Leadership & scale

Chief executive
Mr. Stephen J. Hemsley
CEO year born
1953
Full-time employees
390K
Fiscal year end
December
IPO date
1984-10-26

Fundamentals snapshot

Updated 2026-09-30
Market Cap
USD 340.9B
P/E
24.1x
Revenue (Q2 26)
USD 112.0B
Profit (Q2 26)
USD 5.5B
Dividend Yield
2.1%
Revenue (FY 25)
USD 447.6B
Shares in public float
895M
Insider ownership
0.25%

Reporting & identifiers

Symbol
UNH.NYSE
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US91324P1021
Asset ID
equity_fa46c8b3-24ec-594c-b682-1f81d7c0a065

Ownership

Shares Outstanding

Latest: 906.0M | Max: 991.0M | Min: 906.0M

Shares Outstanding
1.2B936.5M624.3M312.2M0.00
906.0M
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

98.79%

895.0M latest reported shares

Insider Ownership

0.25%

Latest reported insider stake

Short Float

0.02%

Latest reported short interest / float

Top Holders

Top 5 concentration: 26.34%
BlackRock Inc
institution
Filed 2026-03-31 • Change -1.3M (-1.71%)
8.18%(73.5M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +58.9M (0.00%)
6.56%(58.9M shares)
State Street Corp
institution
Filed 2026-03-31 • Change +100.0K (+0.22%)
5.05%(45.3M shares)
Capital World Investors
institution
Filed 2026-06-30 • Change +2.1M (+7.57%)
3.33%(29.9M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -57.3K (-0.20%)
3.22%(28.9M shares)
Vanguard 500 Index Investor
fund
Filed 2026-08-31 • Change +286.3K (+1.20%)
2.69%(24.1M shares)
Vanguard Portfolio Management, LLC
institution
Filed 2026-03-31 • Change +24.0M (0.00%)
2.68%(24.0M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-01991,000,000
2018-01-01982,000,000
2019-01-01962,000,000
2020-01-01961,000,000
2021-01-01955,000,000
2022-01-01947,000,000
2023-01-01935,000,000
2024-01-01927,000,000
2025-01-01910,000,000
2026-01-01906,000,000

Top Holders

Available reported ownership records.

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Largest reported holders
HolderSharesOwnershipReported date
BlackRock Inc73,467,5318.18%2026-03-31
Vanguard Capital Management, LLC58,870,7776.56%2026-03-31
State Street Corp45,332,1865.05%2026-03-31
Capital World Investors29,887,9323.33%2026-06-30
Vanguard MStar Total Stk Mkt Idx Invest28,860,8073.22%2026-08-31
Vanguard 500 Index Investor24,125,8092.69%2026-08-31
Vanguard Portfolio Management, LLC24,036,5042.68%2026-03-31
Geode Capital Management, LLC22,768,6952.54%2026-03-31
T. Rowe Price Associates, Inc.20,873,9462.33%2026-03-31
Charles Schwab Investment Management Inc20,817,7552.32%2026-03-31
JPMorgan Chase & Co19,102,5412.13%2026-03-31
Morgan Stanley - Brokerage Accounts14,963,5691.67%2026-03-31
NORGES BANK12,736,9731.42%2026-06-30
iShares Core S&P 500 ETF12,093,3491.35%2026-08-31
FMR Inc12,019,0461.34%2026-03-31

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

UnitedHealth's financial performance demonstrates a clear recovery after absorbing extreme operational headwinds in 2025. During that difficult year, operating income fell over forty percent despite double-digit revenue gains, squeezed by surging surgical claims and major cyberattack disruptions. First-half 2026 results confirm that management's aggressive contract repricing and cost controls have successfully arrested that profit decline. Recent quarterly net income rebounded sharply toward five point five billion dollars, while trailing free cash flow recovered to twenty-three point six billion dollars. The top-line revenue slowdown is intentional, reflecting deliberate contract exits to eliminate money-losing coverage. This strategic pivot from volume growth to profit discipline restores sustainable cash generation.

Revenue, Net Income, and Free Cash Flow

Latest: USD 447.6B | Max: USD 447.6B | Min: USD 7.0B

RevenueFree Cash FlowNet Income
USD 563.9BUSD 423.0BUSD 282.0BUSD 141.0BUSD 0.00
447.6B
16.1B
12.1B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 25x

34x26x17x9x0x
28x
22x
25x
'21'23'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

Profitability margins suffered an unprecedented squeeze in 2024 and 2025, with consolidated operating margins falling from over eight percent to four point two percent. This margin decay was primarily driven by higher outpatient medical care ratios and Medicare risk-coding payment adjustments that temporarily outpaced annual insurance premium pricing. Evidence from 2026 indicates that this margin compression was a cyclical pricing delay rather than permanent damage. As revised commercial rates take effect and unprofitable accounts expire, operating margins have rebounded above seven percent. Supported by Optum's high-margin healthcare services, enterprise profitability is steadily stabilizing within a healthy, sustainable long-term corridor.

Profitability Margins

Latest: 18.5% | Max: 26.1% | Min: 2.7%

Gross MarginOperating MarginNet Margin
32.8%24.6%16.4%8.2%0.0%
18.5%
4.2%
2.7%
'16
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

18.5%

Gross profit / revenue

Operating Margin

4.2%

Operating income / revenue

Net Margin

2.7%

Net income / revenue

FCF Margin

3.6%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-31184,840,000,0007,017,000,0008,090,000,000
2017-12-31201,159,000,00010,558,000,00011,573,000,000
2018-12-31226,247,000,00011,986,000,00013,650,000,000
2019-12-31242,155,000,00013,839,000,00016,392,000,000
2020-12-31257,141,000,00015,403,000,00020,123,000,000
2021-12-31287,597,000,00017,285,000,00019,889,000,000
2022-12-31324,162,000,00020,120,000,00023,404,000,000
2023-12-31371,622,000,00022,381,000,00025,682,000,000
2024-12-31400,278,000,00014,405,000,00020,705,000,000
2025-12-31447,567,000,00012,056,000,00016,075,000,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3124.92Trailing four quarters
2024-12-3132.55Trailing four quarters
2023-12-3121.99Trailing four quarters
2022-12-3124.95Annual net income
2021-12-3127.74Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3123.4773.84.38
2017-12-3123.377.565.255.75
2018-12-3123.87.675.36.03
2019-12-3123.798.135.716.77
2020-12-3126.068.715.997.83
2021-12-3124.228.336.016.92
2022-12-3124.568.776.217.22
2023-12-3124.488.716.026.91
2024-12-3122.338.073.65.17
2025-12-3118.534.242.693.59

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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