OneChart Earnings

UnitedHealth Group (UNH) Q4 FY2025 income statement Sankey chart

Source: 10-K · filed 2026-03-02 · SEC EDGAR · GAAP

UnitedHealth Group (UNH) Q4 FY2025 income statement Sankey chart: revenue sources, costs, expenses and profit

UnitedHealth Group (UNH) Q4 FY2025 (quarter ended 2025-12-31): revenue $113.2B (+12% Y/Y), operating income $0.4B, net income $10M (0% margin). Sankey chart of where the money comes from and goes, from the 10-K filed 2026-03-02.

How to read this chart

Left: revenue sources flowing into revenue. This company does not report a separate cost of revenue or gross profit, so revenue splits straight into operating expenses (red) and operating profit (green). Wider band = bigger amount; "Y/Y" = vs. a year earlier.

  • Out of every 100 dollars of revenue, 0.0 dollars ended up as net profit.
  • The biggest single cost is Medical costs: $82.0B, or 72% of revenue.
  • Operating margin 0.3%, down 7.4 percentage points from a year earlier (7.7%).

Worth noting

  • Pre-tax income turned negative
  • Operating income -95% Y/Y
  • Net income -100% Y/Y

Cash flow

Operating cash flow $1.1B, capex $0.9B, free cash flow (derived = OCF − capex) $160M.

Key figures

ItemQ4 FY2025Prior yearY/Y% of revenue
Revenue$113.2B$100.8B+12%—
Operating expenses$112.8B$93.0B+21%99.7%
Operating income$0.4B$7.8B-95%0.3%
Net income$10M$5.5B-100%0.0%

Source: UnitedHealth Group Form 10-K filed Mar 2, 2026 (accession 0000731766-26-000062) via SEC EDGAR; Q3 10-Q 0000731766-25-000305 · Q4 FY25 = quarter ended Dec 31, 2025 · GAAP, as reported · Y/Y vs. prior-year period · Note: Q4 derived = 10-K full year − Q3 10-Q nine-month YTD; (±N pp) = change vs the prior-year period in percentage points · Not investment advice / 不构成投资建议 · Created 2026-10-24 · OneChart Earnings · onechartearnings.com

·

UnitedHealth Group · Quarters

UnitedHealth Group · Fiscal years

Earlier periods (not generated yet — press Generate, about 1–2 min) · 80

Back to 2009 (the SEC XBRL era). Each visitor can generate 3 periods a day and the whole site 30 a day; beyond that, requests are queued for the next day. Generated charts are kept permanently.

Quarters

  • Q2 FY2025
  • Q1 FY2025
  • Q4 FY2024
  • Q3 FY2024
  • Q2 FY2024
  • Q1 FY2024
  • Q4 FY2023
  • Q3 FY2023
  • Q2 FY2023
  • Q1 FY2023
  • Q4 FY2022
  • Q3 FY2022
  • Q2 FY2022
  • Q1 FY2022
  • Q4 FY2021
  • Q3 FY2021
  • Q2 FY2021
  • Q1 FY2021
  • Q4 FY2020
  • Q3 FY2020
  • Q2 FY2020
  • Q1 FY2020
  • Q4 FY2019
  • Q3 FY2019
  • Q2 FY2019
  • Q1 FY2019
  • Q4 FY2018
  • Q3 FY2018
  • Q2 FY2018
  • Q1 FY2018
  • Q4 FY2017
  • Q3 FY2017
  • Q2 FY2017
  • Q1 FY2017
  • Q4 FY2016
  • Q3 FY2016
  • Q2 FY2016
  • Q1 FY2016
  • Q4 FY2015
  • Q3 FY2015
  • Q2 FY2015
  • Q1 FY2015
  • Q4 FY2014
  • Q3 FY2014
  • Q2 FY2014
  • Q1 FY2014
  • Q4 FY2013
  • Q3 FY2013
  • Q2 FY2013
  • Q1 FY2013
  • Q4 FY2012
  • Q3 FY2012
  • Q2 FY2012
  • Q1 FY2012
  • Q4 FY2011
  • Q3 FY2011
  • Q2 FY2011
  • Q1 FY2011
  • Q4 FY2010
  • Q3 FY2010
  • Q2 FY2010
  • Q1 FY2010
  • Q4 FY2009
  • Q3 FY2009
  • Q2 FY2009

Fiscal years

  • FY2023
  • FY2022
  • FY2021
  • FY2020
  • FY2019
  • FY2018
  • FY2017
  • FY2016
  • FY2015
  • FY2014
  • FY2013
  • FY2012
  • FY2011
  • FY2010
  • FY2009

Related companies