UNH · 8-K · 20260421PR000121

UnitedHealthcare Operating Results and Membership Trends

UNITEDHEALTH GROUP INC · 2026-04-21 · Importance 55 · Surprise 32 · No source text

UnitedHealthcare reported Q1 2026 revenues of $86.3 billion compared to $84.6 billion in Q1 2025 and earnings from operations of $5.7 billion, up from $5.2 billion a year ago. UnitedHealthcare’s operating margin expanded 40 basis points to 6.6% in Q1 2026, driven primarily by repricing across lines of business in response to elevated cost trends. UnitedHealthcare served 49.1 million consumers in Q1 2026 compared to 49.8 million at year-end 2025, with seniors served through Medicare Advantage declining by 965,000 in Q1 2026. UnitedHealthcare Community & State revenues grew 4% YoY to $24.1 billion, while Employer & Individual revenues were $20.1 billion in Q1 2026.

Key facts

• UnitedHealthcare Community & State Q1 2026 revenues: $24.1 billion grew 4% year-over-year, people served contracted by 220,000 primarily due to early impact of state eligibility changes source
• UnitedHealthcare Q1 2026 earnings from operations: $5.7 billion compared to $5.2 billion in Q1 2025; operating margin 6.6% vs 6.2% prior year source
• UnitedHealthcare served 49.1 million consumers in Q1 2026 and expanded operating margins by 40 basis points to 6.6% compared to 6.2% in Q1 2025 source
• UnitedHealthcare Q1 2026 revenues: $86.3 billion compared to $84.6 billion in Q1 2025 source

Impact estimates