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Inferra AI / Company / UNH

UnitedHealth Group

UNH · Health Care

Last earnings Oct 13, 2026

Key results

Revenuequarter

$113.2 Billion

Revenues of $113.2 Billion

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Performance Metrics Consolidated revenuequarter

$113.2 billion

Third Quarter 2025 Key Performance Metrics Consolidated revenues of $113.2 billion, up 12% year-over-year.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Growthquarter

up 12%

Third Quarter 2025 Key Performance Metrics Consolidated revenues of $113.2 billion, up 12% year-over-year.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Earnings from operationsquarter

$4.3 billion

Earnings from operations were $4.3 billion net margin of 2.1%.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

UnitedHealthcare revenuequarter

16%

UnitedHealthcare revenues grew 16% year-over-year to $87.1 billion, driven by growth in Medicare Retirement and Community State UnitedHealthcare served 50.1 million consumers domestically, up 795,000 year-over-year.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Optum revenuequarter

8%

Optum revenues grew 8% year-over-year to $69.2 billion, driven by growth in Optum Rx.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

revenues grew $12.3 billion year-over-year to $113.2 billion.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Adjusted net incomequarter

$2.92

Third quarter earnings from operations were $4.3 billion and adjusted net earnings were $2.92 per share.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

revenues of $87.1 billion grew $12.2 billion or 16% year-over-year.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

AI analysis

Q3 2025 · reported Oct 28, 2025

Based on: Earnings release + parent 8-K — transcript not held

Revenue · Q3 2025
$113.2B
EX-99 · Oct 28, 2025
Performance Metrics Consolidated revenue · Q3 2025
$113.2B
EX-99 · Oct 28, 2025
Earnings from operations · Q3 2025
$4.3B
EX-99 · Oct 28, 2025
Adjusted net income · Q3 2025
$2.92
EX-99 · Oct 28, 2025

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Oct 28, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ3 2025Prior qtrYear ago
Revenue$113.2 Billion——
Performance Metrics Consolidated revenue$113.2 billion——
Growthup 12%——
Earnings from operations$4.3 billion——
UnitedHealthcare revenue16%——
Optum revenue8%——
Adjusted net income$2.92——

EX-99 · Oct 28, 2025

Guidance · company-stated

Direction: Raised

Revenue$113.2 Billion

“htm EX-99.1 Document UnitedHealth Group Reports Third Quarter 2025 Results and Raises Full Year 2025 Earnings Outlook Third Quarter 2025 Revenues of $113.2 Billion Grew 12% Year-Over-Year Third Quarter Earnings of $2.59 Per Share, Adjusted Earnings $2.92 Per Share Cash Flows from Operations were $5.9 Billion, or 2.3x Net Income Raises Full Year 2025 Earnings Outlook to at least $14.90 Per Share Adjusted Earnings of at least $16.25 Per Share (October 28, 2025) UnitedHealth Group (NYSE UNH) reported third quarter 2025 results, reflecting the continued execution on its performance agenda, refocus on its mission and culture, and return to sustained growth.”

Company outlook

“UnitedHealth Group raised its 2025 earnings outlook to reflect net earnings of at least $14.90 per share and adjusted net earnings of at least $16.25 per share.”

Midpoint vs latest-quarter revenue0.0%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

September 30, 2025, debt-to-capital ratio of 44.1% unchanged from the second quarter 2025 and inclusive of the impact of closing the Amedisys transaction on August 14, 2025.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue 0.0% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

UnitedHealth Group raised its 2025 earnings outlook to reflect net earnings of at least $14.90 per share and adjusted net earnings of at least $16.25 per share

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “htm EX-99.1 Document UnitedHealth Group Reports Third Quarter 2025 Results and Raises Full Year 2025 Earnings Outlook Third Quarter 2025 Revenues of $113.2 Billion Grew 12% Year-Over-Year Third Quarter Earnings of $2.59 Per Share, Adjusted Earnings $2.92 Per Share Cash Flows from Operations were $5.9 Billion, or 2.3x Net Income Raises Full Year 2025 Earnings Outlook to at least $14.90 Per Share Adjusted Earnings of at least $16.25 Per Share (October 28, 2025) UnitedHealth Group (NYSE UNH) reported third quarter 2025 results, reflecting the continued execution on its performance agenda, refocus on its mission and culture, and return to sustained growth.”

Company outlook: “UnitedHealth Group raised its 2025 earnings outlook to reflect net earnings of at least $14.90 per share and adjusted net earnings of at least $16.25 per share.”

Revenue — Raised (“Raises”)
“htm EX-99.1 Document UnitedHealth Group Reports Third Quarter 2025 Results and Raises Full Year 2025 Earnings Outlook Third Quarter 2025 Revenues of $113.2 Billion Grew 12% Year-Over-Year Third Quarter Earnings of $2.59 Per Share, Adjusted Earnings $2.92 Per Share Cash Flows from Operations were $5.9 Billion, or 2.3x Net Income Raises Full Year 2025 Earnings Outlook to at least $14.90 Per Share Adjusted Earnings of at least $16.25 Per Share (October 28, 2025) UnitedHealth Group (NYSE UNH) reported third quarter 2025 results, reflecting the continued execution on its performance agenda, refocus on its mission and culture, and return to sustained growth.”

Company outlook — Raised (“raised”)
“UnitedHealth Group raised its 2025 earnings outlook to reflect net earnings of at least $14.90 per share and adjusted net earnings of at least $16.25 per share.”

Classified from the release's primary full-year outlook statement.

Capital allocation

September 30, 2025, debt-to-capital ratio of 44.1% unchanged from the second quarter 2025 and inclusive of the impact of closing the Amedisys transaction on August 14, 2025.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Strategy & priorities

We remain focused on strengthening performance and positioning for durable and accelerating growth in 2026 and beyond, and our results this quarter reflect solid execution toward that goal, said Stephen Hemsley, chief executive officer of UnitedHealth Group.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Earnings Conference Call As previously announced, UnitedHealth Group will discuss the company s results, strategy and future outlook on a conference call with investors at 8 00 a.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Risks & headwinds

These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

By their nature, forward-looking statements are not guarantees of future performance or results and are subject to risks, uncertainties and assumptions that are difficult to predict or quantify.

SEC original ↗UnitedHealth Group — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Gilead Sciences (GILD) Health CareGenmab (GMAB) Health CareAlcon (ALC) Health CareArgenx (ARGX) Health CareSanofi (SNY) Health CareMerck & Co. (MRK) Health CareXencor Inc (XNCR) Health CareIllumina, Inc. (ILMN) Health Care
Documents

Filings

61 documents

Earnings releases

16 documents

Presentations

none published

Checked — this company publishes no earnings presentation. Checked 2026-10-20 (browser-verified): UnitedHealth publishes no earnings deck — webcast, press release, and a prepared-remarks transcript only. That remarks PDF is a transcript (deferred licensed layer), never a presentation.

Transcripts

0 documents

No transcripts for UnitedHealth Group are held in this edition of the library.

Mentioned by

5 companies

Other tracked companies whose held documents mention UnitedHealth Group by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.