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UnitedHealth Group UNH Deferred Revenue

Deferred Revenue at other companies

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$249M-9.1%
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$706M+3.5%
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$69M+21.1%
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$5M-65.3%
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$2.28B+7.4%
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$1.21M-48.2%

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%
CapEx$763.0M-15.0%
Free cash flow$8.1B+78.8%

Valuation

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Market cap$374.84B+68.1%
Enterprise value$424.75B+55.3%
P/E31.1×+20.7×
P/S0.8×+0.3×

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:RevenueRemainingPerformanceObligation.

The source filing: UnitedHealth Group’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:38 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000731766-26-000127

As of March 31, 2026 and December 31, 2025, accounts receivable related to products and services were $9.3 billion and $9.7 billion, respectively. As of March 31, 2026, revenue expected to be recognized in any future year related to remaining performance obligations, excluding revenue pertaining to contracts having an original expected duration of one year or less, contracts where revenue is recognized as invoiced and contracts with variable consideration related to undelivered performance obligations, was $11.0 billion, of which approximately half is expected to be recognized in the next three years.

Item 1. Financial Statements (unaudited)

FAQ

What is UnitedHealth Group's deferred revenue?
UnitedHealth Group (UNH) reported deferred revenue of $11B in Q1 2026.
How has UnitedHealth Group's deferred revenue changed year-over-year?
UnitedHealth Group's deferred revenue decreased by 11.3% year-over-year, from $12.4B to $11B.
What is the long-term trend for UnitedHealth Group's deferred revenue?
Over 5 years (2020 to 2025), UnitedHealth Group's deferred revenue has grown at a 3.7% compound annual growth rate (CAGR), from $2.84B to $3.41B.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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