Operating Income
Operating IncomeUnitedHealth Group Operating Income decreased by 16.2% to $4.32B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 50.4%, from $8.71B to $4.32B. Over 3 years (FY 2021 to FY 2024), Operating Income shows an upward trend with a 10.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2007
Last reportedQ4 2025
How to read this metric
Growth in operating income suggests that the company is becoming more profitable in its primary business activities.
Detailed definition
The profit realized from a business's own operations after deducting all operating expenses, including COGS, R&D, and SG...
Peer comparison
This is a key metric for comparing the operational performance of companies with different debt levels.
Metric ID:
is_operating_incomeHistorical Data
18 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.98B | $5.71B | $5.54B | $6.95B | $7.13B | $7.46B | $6.89B | $8.09B | $8.06B | $8.53B | $7.69B | $7.93B | $7.88B | $8.71B | $7.77B | $9.12B | $5.15B | $4.32B |
| QoQ Change | — | -4.4% | -3.0% | +25.4% | +2.6% | +4.6% | -7.7% | +17.3% | -0.4% | +5.8% | -9.8% | +3.1% | -0.7% | +10.6% | -10.7% | +17.3% | -43.5% | -16.2% |
| YoY Change | — | — | — | — | +19.3% | +30.6% | +24.4% | +16.3% | +13.0% | +14.3% | +11.6% | -1.9% | -2.3% | +2.1% | +1.1% | +15.0% | -34.6% | -50.4% |
Range$4.32B – $9.12B
CAGR-7.4%
Avg YoY Growth+4.2%
Median YoY Growth+12.3%
Current Streak2 quarters decline
Business Segments
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Operating Income at Other Companies
Frequently Asked Questions
- What is UnitedHealth Group's operating income?
- UnitedHealth Group (UNH) reported operating income of $4.32B in Q3 2025.
- How has UnitedHealth Group's operating income changed year-over-year?
- UnitedHealth Group's operating income decreased by 50.4% year-over-year, from $8.71B to $4.32B.
- What is the long-term trend for UnitedHealth Group's operating income?
- Over 3 years (2021 to 2024), UnitedHealth Group's operating income has grown at a 10.4% compound annual growth rate (CAGR), from $23.97B to $32.29B.
- What does operating income mean?
- Profit earned from core business activities, before taxes and interest.