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What changed in UnitedHealth Group Incorporated's latest annual report

In the year ended 31 Dec 2025, UnitedHealth Group Incorporated's revenue rose 11.8% to USD 447.57bn, from USD 400.28bn; net income fell 16.3% to USD 12.06bn, from USD 14.40bn; total liabilities rose 6.2% to USD 207.88bn, from USD 195.69bn.

Year ended 31 Dec 2025. Source: 10-K filed 2 Mar 2026, read it on SEC EDGAR.

USD 400.28bn to USD 447.57bn

Revenue, up 11.8% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue400.28bn447.57bnUp 11.8%
Net income14.40bn12.06bnDown 16.3%
Total assets298.28bn309.58bnUp 3.8%
Total liabilities195.69bn207.88bnUp 6.2%
Long-term debt72.36bn72.32bnDown 0.1%
Cash and cash equivalents25.31bn24.36bnDown 3.7%

Questions people ask

Did UnitedHealth Group Incorporated's revenue grow last year?

Revenue grew 11.8%, from USD 400.28bn to USD 447.57bn in the year ended 31 Dec 2025.

Is UnitedHealth Group Incorporated profitable?

Yes. Net income was USD 12.06bn in the year ended 31 Dec 2025. The year before: USD 14.40bn.

How much cash and debt does UnitedHealth Group Incorporated have?

At its latest year end (31 Dec 2025), UnitedHealth Group Incorporated reported cash and cash equivalents of USD 24.36bn and long-term debt of USD 72.32bn.

Where do these numbers come from?

From UnitedHealth Group Incorporated's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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UnitedHealth Group Incorporated (UNH) 10-K: what changed year on year | LYNORIQ Insights