Health Care · Managed Health Care
UnitedHealth Group: revenue, profit and dividends
In fiscal 2025, UnitedHealth Group had revenue of $448B, up 11.0% a year on average since 2015, and net income of $12.1B (2.7% of revenue). Its dividend per share has gone up 16 years in a row, to $8.73. It has 6% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +11.8% vs 2024
- Ticker
- UNH · NYSE
- Sector
- Health Care
- Sub-industry
- Managed Health Care
- Headquarters
- Eden Prairie, Minnesota
- Founded
- 1977
- In the S&P 500 since
- July 1, 1994
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Unitedhealth Group Inc · CIK 0000731766
Revenue and net income
Revenue went from $75.4B in 2007 to $448B in 2025.
Diluted earnings per share
Diluted EPS went from $3.42 in 2007 to $13.23 in 2025. Ten-year growth: 8.2% a year.
Dividends per share
Raised 16 years in a row, every year from 2010 to 2025. Ten-year growth: 16.6% a year.
Shares outstanding
5.8% fewer shares in 2025 than in 2015 (967M → 911M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $16.1B in 2025, 3.6% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $448B | $12.1B | 2.7% | $13.23 | $8.73 | 911M | $19.7B | $3.62B | $16.1B |
| 2024 | $400B | $14.4B | 3.6% | $15.51 | $8.18 | 929M | $24.2B | $3.5B | $20.7B |
| 2023 | $372B | $22.4B | 6.0% | $23.86 | $7.29 | 938M | $29.1B | $3.39B | $25.7B |
| 2022 | $324B | $20.1B | 6.2% | $21.18 | $6.40 | 950M | $26.2B | $2.8B | $23.4B |
| 2021 | $288B | $17.3B | 6.0% | $18.08 | $5.60 | 956M | $22.3B | $2.45B | $19.9B |
| 2020 | $257B | $15.4B | 6.0% | $16.03 | $4.83 | 961M | $22.2B | $2.05B | $20.1B |
| 2019 | $242B | $13.8B | 5.7% | $14.33 | $4.14 | 966M | $18.5B | $2.07B | $16.4B |
| 2018 | $226B | $12B | 5.3% | $12.19 | $3.45 | 983M | $15.7B | $2.06B | $13.7B |
| 2017 | $201B | $10.6B | 5.2% | $10.72 | $2.88 | 985M | $13.6B | $2.02B | $11.6B |
| 2016 | $185B | $7.02B | 3.8% | $7.25 | $2.38 | 968M | $9.79B | $1.71B | $8.09B |
| 2015 | $157B | $5.81B | 3.7% | $6.01 | $1.88 | 967M | $9.74B | $1.56B | $8.18B |
| 2014 | $130B | $5.62B | 4.3% | $5.70 | $1.41 | 986M | $8.05B | $1.52B | $6.53B |
| 2013 | $122B | $5.62B | 4.6% | $5.50 | $1.05 | 1.02B | $6.99B | $1.31B | $5.68B |
| 2012 | $111B | $5.53B | 5.0% | $5.28 | $0.80 | 1.05B | $7.16B | $1.07B | $6.08B |
| 2011 | $102B | $5.14B | 5.0% | $4.73 | $0.61 | 1.09B | $6.97B | $1.07B | $5.9B |
| 2010 | $94.2B | $4.63B | 4.9% | $4.10 | $0.41 | 1.13B | $6.27B | $878M | $5.39B |
| 2009 | $87.1B | $3.82B | 4.4% | $3.24 | $0.03 | 1.18B | $5.62B | $739M | $4.89B |
| 2008 | $81.2B | $2.98B | 3.7% | $2.40 | $0.03 | 1.24B | $4.24B | $791M | $3.45B |
| 2007 | $75.4B | $4.65B | 6.2% | $3.42 | $0.03 | 1.36B | $5.88B | $871M | $5.01B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Managed Health Care companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.