Unitedhealth Group annual net debt
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Unitedhealth Group Net Debt Growth & History (UNH)
Unitedhealth Group's net debt was $57.93B for fiscal 2025.
View full Unitedhealth Group company overviewUnitedhealth Group annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $57.93B | $2.17B | +3.90% |
| 2024 | 2024-12-31 | $55.76B | $14.81B | +36.18% |
| 2023 | 2023-12-31 | $40.94B | $2.72B | +7.12% |
| 2022 | 2022-12-31 | $38.22B | $14.96B | +64.34% |
| 2021 | 2021-12-31 | $23.26B | −$2.10B | −8.29% |
| 2020 | 2020-12-31 | $25.36B | −$7.09B | −21.85% |
| 2019 | 2019-12-31 | $32.45B | $8.08B | +33.16% |
| 2018 | 2018-12-31 | $24.37B | $5.28B | +27.67% |
| 2017 | 2017-12-31 | $19.09B | −$3.25B | −14.57% |
| 2016 | 2016-12-31 | $22.34B | $1.46B | +7.00% |
| 2015 | 2015-12-31 | $20.88B | $11.12B | +113.89% |
| 2014 | 2014-12-31 | $9.76B | $177.0M | +1.85% |
| 2013 | 2013-12-31 | $9.58B | $1.24B | +14.81% |
| 2012 | 2012-12-31 | $8.35B | $6.14B | +277.91% |
| 2011 | 2011-12-31 | $2.21B | $190.0M | +9.41% |
| 2010 | 2010-12-31 | $2.02B | $646.0M | +47.05% |
| 2009 | 2009-12-31 | $1.37B | −$4.00B | −74.42% |
| 2008 | 2008-12-31 | $5.37B | — | — |
Unitedhealth Group quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $44.74B | −$5.85B | −11.57% |
| Q1 2026 | 2026-03-31 | $49.92B | −$638.0M | −1.26% |
| Q4 2025 | 2025-12-31 | $57.93B | $2.17B | +3.90% |
| Q3 2025 | 2025-09-30 | $52.93B | $7.32B | +16.04% |
| Q2 2025 | 2025-06-30 | $50.60B | $1.78B | +3.66% |
| Q1 2025 | 2025-03-31 | $50.55B | $5.33B | +11.79% |
| Q4 2024 | 2024-12-31 | $55.76B | $14.81B | +36.18% |
| Q3 2024 | 2024-09-30 | $45.61B | $21.16B | +86.51% |
| Q2 2024 | 2024-06-30 | $48.81B | $25.04B | +105.30% |
| Q1 2024 | 2024-03-31 | $45.22B | $16.55B | +57.71% |
| Q4 2023 | 2023-12-31 | $40.94B | $2.72B | +7.12% |
| Q3 2023 | 2023-09-30 | $24.45B | $14.63B | +148.97% |
| Q2 2023 | 2023-06-30 | $23.78B | −$3.00B | −11.21% |
| Q1 2023 | 2023-03-31 | $28.68B | $6.66B | +30.28% |
| Q4 2022 | 2022-12-31 | $38.22B | $14.96B | +64.34% |
| Q3 2022 | 2022-09-30 | $9.82B | −$16.06B | −62.05% |
| Q2 2022 | 2022-06-30 | $26.78B | −$1.60B | −5.65% |
| Q1 2022 | 2022-03-31 | $22.01B | −$3.14B | −12.49% |
| Q4 2021 | 2021-12-31 | $23.26B | −$2.10B | −8.29% |
| Q3 2021 | 2021-09-30 | $25.88B | $768.0M | +3.06% |
| Q2 2021 | 2021-06-30 | $28.38B | $5.76B | +25.45% |
| Q1 2021 | 2021-03-31 | $25.15B | −$3.79B | −13.09% |
| Q4 2020 | 2020-12-31 | $25.36B | −$7.09B | −21.85% |
| Q3 2020 | 2020-09-30 | $25.11B | −$10.16B | −28.81% |
| Q2 2020 | 2020-06-30 | $22.63B | −$8.73B | −27.85% |
| Q1 2020 | 2020-03-31 | $28.94B | $775.0M | +2.75% |
| Q4 2019 | 2019-12-31 | $32.45B | $8.08B | +33.16% |
| Q3 2019 | 2019-09-30 | $35.28B | $13.34B | +60.82% |
| Q2 2019 | 2019-06-30 | $31.36B | $16.04B | +104.69% |
| Q1 2019 | 2019-03-31 | $28.16B | $12.24B | +76.88% |
| Q4 2018 | 2018-12-31 | $24.37B | $5.28B | +27.67% |
| Q3 2018 | 2018-09-30 | $21.94B | $9.37B | +74.52% |
| Q2 2018 | 2018-06-30 | $15.32B | −$1.65B | −9.70% |
| Q1 2018 | 2018-03-31 | $15.92B | −$1.15B | −6.71% |
| Q4 2017 | 2017-12-31 | $19.09B | −$3.25B | −14.57% |
| Q3 2017 | 2017-09-30 | $12.57B | −$7.66B | −37.88% |
| Q2 2017 | 2017-06-30 | $16.96B | −$7.83B | −31.59% |
| Q1 2017 | 2017-03-31 | $17.07B | −$5.89B | −25.65% |
| Q4 2016 | 2016-12-31 | $22.34B | $1.46B | +7.00% |
| Q3 2016 | 2016-09-30 | $20.23B | −$3.43B | −14.50% |
| Q2 2016 | 2016-06-30 | $24.80B | $14.62B | +143.52% |
| Q1 2016 | 2016-03-31 | $22.96B | $13.23B | +136.08% |
| Q4 2015 | 2015-12-31 | $20.88B | $11.12B | +113.89% |
| Q3 2015 | 2015-09-30 | $23.66B | $13.38B | +130.11% |
| Q2 2015 | 2015-06-30 | $10.18B | −$151.0M | −1.46% |
| Q1 2015 | 2015-03-31 | $9.72B | $473.0M | +5.11% |
| Q4 2014 | 2014-12-31 | $9.76B | $177.0M | +1.85% |
| Q3 2014 | 2014-09-30 | $10.28B | $1.79B | +21.03% |
| Q2 2014 | 2014-06-30 | $10.34B | $1.36B | +15.15% |
| Q1 2014 | 2014-03-31 | $9.25B | $1.24B | +15.48% |
| Q4 2013 | 2013-12-31 | $9.58B | $1.24B | +14.81% |
| Q3 2013 | 2013-09-30 | $8.50B | $4.42B | +108.16% |
| Q2 2013 | 2013-06-30 | $8.97B | $7.94B | +763.81% |
| Q1 2013 | 2013-03-31 | $8.01B | $6.82B | +571.50% |
| Q4 2012 | 2012-12-31 | $8.35B | $6.14B | +277.91% |
| Q3 2012 | 2012-09-30 | $4.08B | $5.84B | — |
| Q2 2012 | 2012-06-30 | $1.04B | −$317.0M | −23.38% |
| Q1 2012 | 2012-03-31 | $1.19B | −$662.0M | −35.69% |
| Q4 2011 | 2011-12-31 | $2.21B | $190.0M | +9.41% |
| Q3 2011 | 2011-09-30 | −$1.76B | −$3.19B | — |
| Q2 2011 | 2011-06-30 | $1.36B | $627.0M | +86.01% |
| Q1 2011 | 2011-03-31 | $1.85B | $1.25B | +207.63% |
| Q4 2010 | 2010-12-31 | $2.02B | $646.0M | +47.05% |
| Q3 2010 | 2010-09-30 | $1.43B | −$227.0M | −13.72% |
| Q2 2010 | 2010-06-30 | $729.0M | −$3.74B | −83.70% |
| Q1 2010 | 2010-03-31 | $603.0M | — | — |
| Q4 2009 | 2009-12-31 | $1.37B | −$4.00B | −74.42% |
| Q3 2009 | 2009-09-30 | $1.66B | — | — |
| Q2 2009 | 2009-06-30 | $4.47B | — | — |
| Q4 2008 | 2008-12-31 | $5.37B | — | — |
Unitedhealth Group net debt trends
Over the last five fiscal years, Unitedhealth Group's net debt increased from $25.36B to $57.93B, a change of $32.57B. The latest reported quarter, Q2 2026, shows $44.74B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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