Investing
CapEx
UnitedHealth Group CapEx decreased by 19.5% to $763.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 15.0%, from $898.00M to $763.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 10.2% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $562.00M | $629.00M | $695.00M | $555.00M | $657.00M | $724.00M | $866.00M | $760.00M | $829.00M | $838.00M | $959.00M | $743.00M | $853.00M | $991.00M | $912.00M | $898.00M | $886.00M | $890.00M | $948.00M | $763.00M |
| QoQ Change | — | +11.9% | +10.5% | -20.1% | +18.4% | +10.2% | +19.6% | -12.2% | +9.1% | +1.1% | +14.4% | -22.5% | +14.8% | +16.2% | -8.0% | -1.5% | -1.3% | +0.5% | +6.5% | -19.5% |
| YoY Change | — | — | — | — | +16.9% | +15.1% | +24.6% | +36.9% | +26.2% | +15.7% | +10.7% | -2.2% | +2.9% | +18.3% | -4.9% | +20.9% | +3.9% | -10.2% | +3.9% | -15.0% |
Range$555.00M – $991.00M
CAGR+6.6%
Avg YoY Growth+10.2%
Median YoY Growth+12.9%
Business Segments
| Segment | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Optuminsight | $141.75M | $174.50M | $174.50M | $174.50M | $174.50M | $245.00M | $344.00M | $398.00M |
| Optumhealth | $197.75M | $249.25M | $249.25M | $249.25M | $249.25M | $238.00M | $230.00M | $256.00M |
| Optumrx | $75.25M | $77.00M | $77.00M | $77.00M | $77.00M | $77.00M | $92.00M | $126.00M |
| Total | $695.00M | $555.00M | $657.00M | $724.00M | $866.00M | $743.00M | $853.00M | $991.00M |
CapEx at Other Companies
Frequently Asked Questions
- What is UnitedHealth Group's capex?
- UnitedHealth Group (UNH) reported capex of $763.00M in Q1 2026.
- How has UnitedHealth Group's capex changed year-over-year?
- UnitedHealth Group's capex decreased by 15.0% year-over-year, from $898.00M to $763.00M.
- What is the long-term trend for UnitedHealth Group's capex?
- Over 4 years (2021 to 2025), UnitedHealth Group's capex has grown at a 10.2% compound annual growth rate (CAGR), from $2.45B to $3.62B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.