$UNH

UNITEDHEALTH GROUP INC

CIK:0000731766|SEC Filings
v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Premiums $ 352,229 $ 308,810 $ 290,827
Investment and other income 3,920 5,202 4,089
Total revenues 447,567 400,278 371,622
Operating costs:      
Medical costs 313,995 264,185 241,894
Operating costs 59,592 53,013 54,628
Cost of products sold 50,655 46,694 38,770
Depreciation and amortization 4,361 4,099 3,972
Total operating costs 428,603 367,991 339,264
Earnings from operations 18,964 32,287 32,358
Interest expense (4,002) (3,906) (3,246)
Loss on sale of subsidiary and subsidiaries held for sale (265) (8,310) 0
Total income before income taxes 14,697 20,071 29,112
Provision for income taxes (1,890) (4,829) (5,968)
Net earnings 12,807 15,242 23,144
Earnings attributable to noncontrolling interests (751) (837) (763)
Net earnings attributable to UnitedHealth Group common shareholders $ 12,056 $ 14,405 $ 22,381
Earnings per share attributable to UnitedHealth Group common shareholders:      
Basic $ 13.28 $ 15.64 $ 24.12
Diluted $ 13.23 $ 15.51 $ 23.86
Basic weighted-average number of common shares outstanding 908 921 928
Dilutive effect of common share equivalents 3 8 10
Diluted weighted-average number of common shares outstanding 911 929 938
Anti-dilutive shares excluded from the calculation of dilutive effect of common share equivalents 12 6 6
Products      
Revenues:      
Revenue from Products and Services $ 53,380 $ 50,226 $ 42,583
Services      
Revenues:      
Revenue from Products and Services $ 38,038 $ 36,040 $ 34,123