Total Cost of Revenue

Cost of Revenue

UnitedHealth Group Total Cost of Revenue decreased by 3.5% to $12.57B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 6.2%, from $11.83B to $12.57B. Over 3 years (FY 2021 to FY 2024), Total Cost of Revenue shows an upward trend with a 14.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2007
Last reportedQ4 2025

How to read this metric

An increase relative to revenue suggests declining efficiency or rising input costs, whereas a decrease suggests better operational scaling.

Detailed definition

The direct costs associated with producing and delivering the goods and services sold by the company. This typically inc...

Peer comparison

Cloud-heavy companies monitor this closely as a measure of data center and infrastructure efficiency.

Metric ID: is_total_cost_of_revenue

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$7.66B$7.80B$8.00B$8.49B$8.60B$8.31B$8.31B$9.41B$9.75B$9.42B$10.19B$11.06B$11.34B$11.83B$12.46B$12.39B$13.02B$12.57B
QoQ Change+1.9%+2.5%+6.1%+1.3%-3.4%+0.1%+13.1%+3.6%-3.3%+8.2%+8.5%+2.6%+4.4%+5.3%-0.6%+5.1%-3.5%
YoY Change+12.2%+6.5%+3.9%+10.8%+13.4%+13.4%+22.6%+17.6%+16.3%+25.6%+22.3%+12.1%+14.8%+6.2%
Range$7.66B$13.02B
CAGR+12.4%
Avg YoY Growth+14.1%
Median YoY Growth+13.4%

Frequently Asked Questions

What is UnitedHealth Group's total cost of revenue?
UnitedHealth Group (UNH) reported total cost of revenue of $12.57B in Q3 2025.
How has UnitedHealth Group's total cost of revenue changed year-over-year?
UnitedHealth Group's total cost of revenue increased by 6.2% year-over-year, from $11.83B to $12.57B.
What is the long-term trend for UnitedHealth Group's total cost of revenue?
Over 3 years (2021 to 2024), UnitedHealth Group's total cost of revenue has grown at a 14.6% compound annual growth rate (CAGR), from $31.03B to $46.69B.
What does total cost of revenue mean?
The direct expenses a company pays to create and deliver what it sells.

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