UnitedHealth Group Optum Rx — Total operating costs increased by 3.0% to $38.13B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $32.66B to $38.13B. Over 2 years (FY 2022 to FY 2024), Optum Rx — Total operating costs shows an upward trend with a 15.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue suggests margin compression, while a decrease relative to revenue indicates improved operational efficiency.
The total expenses incurred to operate the pharmacy benefit management segment, including cost of goods sold, administra...
Comparable to operating expenses reported by other pharmacy benefit managers and healthcare service firms.
unh_segment_optum_rx_total_operating_costs| 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 | $23.83B | $23.83B | $23.83B | $23.83B | $27.74B | $27.74B | $27.74B | $27.74B | $29.69B | $31.01B | $32.66B | $34.04B | $33.81B | $37.02B | $38.13B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +16.4% | +0.0% | +0.0% | +0.0% | +7.0% | +4.4% | +5.3% | +4.2% | -0.6% | +9.5% | +3.0% |
| YoY Change | — | — | — | — | +16.4% | +16.4% | +16.4% | +16.4% | +7.0% | +11.8% | +17.7% | +22.7% | +13.9% | +19.4% | +16.7% |
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