Back to top

Image: Bigstock

Here's What Key Metrics Tell Us About UnitedHealth (UNH) Q2 Earnings

Read MoreHide Full Article

UnitedHealth Group (UNH - Free Report) reported $111.62 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 12.9%. EPS of $4.08 for the same period compares to $6.80 a year ago.

The reported revenue represents a surprise of +0.06% over the Zacks Consensus Estimate of $111.55 billion. With the consensus EPS estimate being $4.84, the EPS surprise was -15.7%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how UnitedHealth performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Operating Statistics - Medical Care Ratio: 89.4% compared to the 88.6% average estimate based on nine analysts.
  • UnitedHealthcare Customer Profile - People Served - Commercial - Domestic - Risk-based: 8.44 million versus the five-analyst average estimate of 8.48 million.
  • UnitedHealthcare Customer Profile - People Served - Commercial - Domestic - Fee-based: 21.53 million compared to the 21.54 million average estimate based on five analysts.
  • UnitedHealthcare Customer Profile - People Served - Total Community and Senior: 20.15 million versus the five-analyst average estimate of 20.28 million.
  • Revenues- Investment and other income: $1.11 billion versus the nine-analyst average estimate of $1.03 billion. The reported number represents a year-over-year change of +11.1%.
  • Revenues- Products: $13.56 billion compared to the $13.56 billion average estimate based on nine analysts. The reported number represents a change of +11.1% year over year.
  • Revenues- Services: $9.04 billion compared to the $9.37 billion average estimate based on nine analysts. The reported number represents a change of +3.3% year over year.
  • Revenues- Premiums: $87.91 billion versus $87.23 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.
  • Revenues- Optum Insight: $4.83 billion versus $5.17 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
  • Revenues- Optum Rx: $38.46 billion versus $36.43 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +18.7% change.
  • Revenues- Optum Health: $25.21 billion versus the six-analyst average estimate of $26.88 billion. The reported number represents a year-over-year change of -6.8%.
  • Revenues- UnitedHealthcare- Total: $86.1 billion compared to the $84.75 billion average estimate based on six analysts. The reported number represents a change of +16.6% year over year.

View all Key Company Metrics for UnitedHealth here>>>

Shares of UnitedHealth have returned -9.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


UnitedHealth Group Incorporated (UNH) - free report >>

Published in