UHS · 10-Q · 2026Q2 · Full report

Interest Expense Trends

UNIVERSAL HEALTH SERVICES INC · 2026-08-07 · Importance 23 · Surprise 22 · Matches filing data

Interest expense increased 13% year over year to $39.9 million in the second quarter of 2026 from $35.4 million in the second quarter of 2025. Aggregate average borrowings rose to $4.61 billion from $4.34 billion, while the average cost of borrowings declined to 3.79% from 3.95%. For the six months ended June 30, 2026, interest expense increased 2% to $77.0 million from $75.4 million, with average borrowings increasing to $4.60 billion from $4.31 billion and the average effective rate declining to approximately 4.0% from 4.1%.

Key facts

• The average outstanding borrowings under our revolving credit, term loan A and senior notes were approximately $4.61 billion and $4.34 billion during the second quarter of 2026 and 2025, respectively. source
• Interest expense was $40 million and $35 million for the three-months ended June 30, 2026 and 2025, respectively. source
• Interest expense, net was $39,912 and $35,364 for the three-month periods ended June 30, 2026 and 2025, respectively. source
• Interest expense increased by $5 million, or 13%, during the three-month period ended June 30, 2026 compared to the three-month period ended June 30, 2025. source
• Interest expense was $77 million and $75 million during the six-month periods ended June 30, 2026 and 2025, respectively. source
• The subtotal aggregate interest on revolving credit, term loan and senior notes was $44,358 thousand for the three months ended June 30, 2026 and $43,464 thousand for the three months ended June 30, 2025. source
• Capitalized interest on major projects was $(8,002) thousand and $(8,166) thousand for the three-month periods ended June 30, 2026 and 2025, respectively. source
• Interest expense increased by $2 million, or 2%, during the six-month period ended June 30, 2026 compared to the six-month period ended June 30, 2025. source

Impact estimates