The Business StudyHow UnitedHealth makes money
UnitedHealth brought in $448 billion in revenue in 2025 and kept $12.1 billion as profit: $2.69 of every $100. But UnitedHealthcare insurance made the most operating profit: $9.4 billion, 50% of UnitedHealth's $19.0 billion total. Optum Health lost $278 million.
From UnitedHealth's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.
Out of every $100 UnitedHealth took in, it kept
Where the profit comes from. Not every part makes money.
Operating profit (operating income) by the business segments UnitedHealth reports, before corporate costs not assigned to a segment.
6 years of UnitedHealth's revenue and profit.
Fiscal years as UnitedHealth reports them; the latest ended December 31, 2025. Profit is net income.
Quick answers about UnitedHealth.
How does UnitedHealth make money?
UnitedHealth runs UnitedHealthcare, the biggest U.S. health insurer, and Optum, which runs clinics, pharmacy benefits and health data.
How much money does UnitedHealth make a year?
$448 billion in revenue in 2025, and $12.1 billion in net profit. That's up 12% from the year before.
Is UnitedHealth profitable?
Yes. UnitedHealth made $12.1 billion in net profit in 2025, which is $2.69 of every $100 it took in.
How many employees does UnitedHealth have?
About 390,000 employees ("more than 390,000") as of December 31, 2025. That works out to $1.15 million in revenue per employee.
Which part of UnitedHealth makes the most profit?
UnitedHealthcare insurance, with $9.4 billion in operating profit in 2025.
Is UnitedHealth growing?
Yes. Revenue went from $257 billion in 2020 to $448 billion in 2025, up 74%.
Compare UnitedHealth.
Source: UnitedHealth Group Incorporated, annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 2, 2026.
Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.