Unitedhealth Group annual return on equity
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2025
Unitedhealth Group Return on Equity (ROE) Growth & History (UNH)
Unitedhealth Group's return on equity was 12.16% for fiscal 2025.
View full Unitedhealth Group company overviewUnitedhealth Group annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 12.16% | −2.80 pp |
| 2024 | 2024-12-31 | 14.95% | −10.50 pp |
| 2023 | 2023-12-31 | 25.45% | −0.26 pp |
| 2022 | 2022-12-31 | 25.71% | +1.60 pp |
| 2021 | 2021-12-31 | 24.11% | +0.19 pp |
| 2020 | 2020-12-31 | 23.92% | −0.19 pp |
| 2019 | 2019-12-31 | 24.12% | +1.10 pp |
| 2018 | 2018-12-31 | 23.02% | −0.98 pp |
| 2017 | 2017-12-31 | 23.99% | +4.47 pp |
| 2016 | 2016-12-31 | 19.52% | +1.95 pp |
| 2015 | 2015-12-31 | 17.57% | +0.17 pp |
| 2014 | 2014-12-31 | 17.40% | −0.37 pp |
| 2013 | 2013-12-31 | 17.76% | −0.82 pp |
| 2012 | 2012-12-31 | 18.58% | −0.42 pp |
| 2011 | 2011-12-31 | 19.00% | +0.25 pp |
| 2010 | 2010-12-31 | 18.75% | +1.53 pp |
| 2009 | 2009-12-31 | 17.22% | +2.64 pp |
| 2008 | 2008-12-31 | 14.58% | — |
Unitedhealth Group quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.26% | +1.88 pp |
| Q1 2026 | 2026-03-31 | 6.16% | −0.16 pp |
| Q4 2025 | 2025-12-31 | 0.01% | −5.58 pp |
| Q3 2025 | 2025-09-30 | 2.32% | −3.90 pp |
| Q2 2025 | 2025-06-30 | 3.38% | −1.12 pp |
| Q1 2025 | 2025-03-31 | 6.32% | +7.83 pp |
| Q4 2024 | 2024-12-31 | 5.59% | −0.34 pp |
| Q3 2024 | 2024-09-30 | 6.22% | −0.38 pp |
| Q2 2024 | 2024-06-30 | 4.51% | −1.81 pp |
| Q1 2024 | 2024-03-31 | −1.51% | −8.22 pp |
| Q4 2023 | 2023-12-31 | 5.93% | −0.04 pp |
| Q3 2023 | 2023-09-30 | 6.60% | −0.22 pp |
| Q2 2023 | 2023-06-30 | 6.32% | −0.34 pp |
| Q1 2023 | 2023-03-31 | 6.71% | +0.06 pp |
| Q4 2022 | 2022-12-31 | 5.97% | +0.48 pp |
| Q3 2022 | 2022-09-30 | 6.82% | +1.20 pp |
| Q2 2022 | 2022-06-30 | 6.66% | +0.62 pp |
| Q1 2022 | 2022-03-31 | 6.65% | −0.41 pp |
| Q4 2021 | 2021-12-31 | 5.49% | +2.25 pp |
| Q3 2021 | 2021-09-30 | 5.62% | +0.91 pp |
| Q2 2021 | 2021-06-30 | 6.04% | −4.47 pp |
| Q1 2021 | 2021-03-31 | 7.06% | +1.44 pp |
| Q4 2020 | 2020-12-31 | 3.24% | −2.75 pp |
| Q3 2020 | 2020-09-30 | 4.71% | −1.52 pp |
| Q2 2020 | 2020-06-30 | 10.50% | +4.53 pp |
| Q1 2020 | 2020-03-31 | 5.62% | −0.75 pp |
| Q4 2019 | 2019-12-31 | 5.99% | +0.31 pp |
| Q3 2019 | 2019-09-30 | 6.23% | +0.06 pp |
| Q2 2019 | 2019-06-30 | 5.97% | +0.17 pp |
| Q1 2019 | 2019-03-31 | 6.37% | +0.70 pp |
| Q4 2018 | 2018-12-31 | 5.69% | −1.76 pp |
| Q3 2018 | 2018-09-30 | 6.17% | +0.80 pp |
| Q2 2018 | 2018-06-30 | 5.80% | +0.68 pp |
| Q1 2018 | 2018-03-31 | 5.68% | +0.39 pp |
| Q4 2017 | 2017-12-31 | 7.45% | +3.00 pp |
| Q3 2017 | 2017-09-30 | 5.36% | +0.03 pp |
| Q2 2017 | 2017-06-30 | 5.11% | +0.20 pp |
| Q1 2017 | 2017-03-31 | 5.29% | +0.60 pp |
| Q4 2016 | 2016-12-31 | 4.45% | +0.80 pp |
| Q3 2016 | 2016-09-30 | 5.33% | +0.50 pp |
| Q2 2016 | 2016-06-30 | 4.92% | +0.03 pp |
| Q1 2016 | 2016-03-31 | 4.68% | +0.29 pp |
| Q4 2015 | 2015-12-31 | 3.64% | −1.00 pp |
| Q3 2015 | 2015-09-30 | 4.83% | −0.06 pp |
| Q2 2015 | 2015-06-30 | 4.88% | +0.58 pp |
| Q1 2015 | 2015-03-31 | 4.39% | +1.00 pp |
| Q4 2014 | 2014-12-31 | 4.64% | +0.19 pp |
| Q3 2014 | 2014-09-30 | 4.89% | −0.06 pp |
| Q2 2014 | 2014-06-30 | 4.30% | −0.25 pp |
| Q1 2014 | 2014-03-31 | 3.40% | −0.39 pp |
| Q4 2013 | 2013-12-31 | 4.45% | +0.40 pp |
| Q3 2013 | 2013-09-30 | 4.95% | −0.27 pp |
| Q2 2013 | 2013-06-30 | 4.55% | −0.04 pp |
| Q1 2013 | 2013-03-31 | 3.79% | −1.07 pp |
| Q4 2012 | 2012-12-31 | 4.05% | −0.43 pp |
| Q3 2012 | 2012-09-30 | 5.23% | +0.62 pp |
| Q2 2012 | 2012-06-30 | 4.59% | −0.11 pp |
| Q1 2012 | 2012-03-31 | 4.86% | −0.28 pp |
| Q4 2011 | 2011-12-31 | 4.48% | +0.42 pp |
| Q3 2011 | 2011-09-30 | 4.60% | −0.46 pp |
| Q2 2011 | 2011-06-30 | 4.70% | +0.13 pp |
| Q1 2011 | 2011-03-31 | 5.14% | +0.17 pp |
| Q4 2010 | 2010-12-31 | 4.06% | −0.00 pp |
| Q3 2010 | 2010-09-30 | 5.06% | +0.41 pp |
| Q2 2010 | 2010-06-30 | 4.57% | +0.51 pp |
| Q1 2010 | 2010-03-31 | 4.97% | — |
| Q4 2009 | 2009-12-31 | 4.06% | — |
| Q3 2009 | 2009-09-30 | 4.66% | — |
| Q2 2009 | 2009-06-30 | 4.06% | — |
Unitedhealth Group return on equity trends
Over the last five fiscal years, Unitedhealth Group's return on equity decreased from 23.92% to 12.16%, a change of −11.77 percentage points. The latest reported quarter, Q2 2026, shows 5.26%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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