What is UnitedHealth Group's capex?

UnitedHealth Group (UNH) reported capex of $763M 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 $898M to $763M.

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?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

UnitedHealth Group UNH CapEx

CapEx at other companies

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$121M+27.4%

CVS HealthCVS

$849M+14.3%

DaVitaDVA

$102.02M-28.8%

Option Care Health, Inc.OPCH

$9.05M-3.5%

CenteneCNC

$200M+48.1%

Elevance HealthELV

$235M+19.9%

Other financials

Income statement

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Revenue$111.72B+2.0%

Gross profit$98.9B+1.8%

Operating income$9.0B-1.4%

Net income$6.3B-0.2%

EPS (diluted)$6.90+0.7%

Balance sheet

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Cash & equivalents$28.0B-8.8%

Total debt$77.9B-4.1%

Total equity$103.90B+3.1%

Total assets$312.64B+0.9%

Cash flow

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Operating cash flow$8.9B+63.3%

Free cash flow$8.1B+78.8%

Valuation

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Market cap$377.36B+37.7%

Enterprise value$427.28B+31.7%

P/E31.3×+18.9×

P/S0.8×+0.2×

Profitability

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Gross margin88.6%+0.4pp

Operating margin4.2%-4.0pp

Net margin2.7%-2.7pp

FCF margin4.4%-1.7pp

Returns & leverage

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Return on equity11.8%-11.1pp

Debt / equity0.8×-0.1×

Current ratio0.8×-0.1×

Where this comes from

Reported directly by UnitedHealth Group in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: UnitedHealth Group’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UnitedHealth Group's capex?: UnitedHealth Group (UNH) reported capex of $763M 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 $898M to $763M.
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?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.