UnitedHealth delivers $112.7 billion Q3 revenue

• UnitedHealth Group (NYSE:UNH) reported third-quarter 2026 revenue of $112.7 billion, earnings from operations of $6.6 billion, and raised its full-year earnings outlook.
• The company reported earnings of $4.56 per share and adjusted earnings of $4.69 per share, with operating cash flow of $5.1 billion.
• UnitedHealth Group said it now expects full-year 2026 adjusted net earnings of at least $20.50 per share.

UnitedHealth Group (NYSE:UNH) reported third-quarter 2026 results with consolidated revenue of $112.7 billion, earnings from operations of $6.6 billion, and a net margin of 3.6%.

The company reported operating cash flows of $5.1 billion, equal to 1.2 times net income, and a debt-to-capital ratio of 41.7% as of September 30, 2026.

UnitedHealth Group reported a medical cost ratio of 88.4% during the quarter, while its operating cost ratio declined to 12.8% from 13.5% in the prior-year period due to operational investments and administrative process improvements.

UnitedHealthcare served 48.3 million consumers and generated $86.3 billion in revenue and $2.8 billion in earnings, while Optum served more than 120 million patients and consumers with $66.9 billion in revenue and $3.7 billion in earnings.

UnitedHealth Group provides health insurance services through UnitedHealthcare and healthcare technology, pharmacy, and care delivery services through Optum