UnitedHealth Group Quarterly Cash Flow Statement
NYSE: UNHHealth CareMedical SpecialitiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 380.70 +0.37%
UnitedHealth Group free cash flow
In the quarter ended Jun 30, 2026, UnitedHealth Group generated $11.05 billion of operating cash flow and spent $799.0 million on capital expenditures. That left free cash flow of $10.25 billion, a free-cash-flow margin of 9.2% of revenue. Free cash flow was up 62.7% from the prior year's $6.30 billion.
UnitedHealth Group returned $3.73 billion to shareholders: $2.09 billion in dividends and $1.65 billion in share repurchases, equal to 36% of free cash flow. Free cash flow covered dividend payments 4.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
UnitedHealth Group cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 5.67B | 6.48B | 218.00M | 2.54B | 3.57B | 6.47B | 5.78B | 6.26B | 4.42B | -1.22B | 5.67B | 6.04B |
| Net Income growth (YoY) | +58.73% | +0.11% | -96.23% | -59.36% | -19.20% | — | +1.92% | +3.64% | -21.85% | -121.15% | +15.63% | +12.15% |
| Depreciation & Amortization | 1.04B | 1.03B | 1.12B | 1.10B | 1.08B | 1.06B | 1.04B | 1.04B | 1.02B | 997.00M | 974.00M | 1.01B |
| Stock-Based Compensation | 276.00M | 348.00M | 176.00M | 223.00M | 197.00M | 375.00M | 187.00M | 237.00M | 222.00M | 372.00M | 208.00M | 247.00M |
| Change in Working Capital | 4.78B | 450.00M | -141.00M | 1.19B | 1.04B | -5.62B | -2.08B | 5.88B | 1.20B | -8.31B | -11.50B | -1.84B |
| Operating Cash Flow | 11.05B | 8.91B | 1.11B | 5.95B | 7.19B | 5.46B | 2.37B | 13.95B | 6.75B | 1.14B | -5.19B | 6.90B |
| Capital Expenditures | -799.00M | -763.00M | -948.00M | -890.00M | -886.00M | -898.00M | -912.00M | -991.00M | -853.00M | -743.00M | -959.00M | -838.00M |
| Investing Cash Flow | -1.80B | -2.45B | -2.61B | -4.56B | -1.44B | -74.00M | -1.12B | -5.65B | -7.42B | -6.34B | -1.19B | -2.64B |
| Dividends Paid | -2.09B | -2.00B | -2.00B | -2.00B | -2.00B | -1.91B | -1.93B | -1.94B | -1.94B | -1.73B | -1.74B | -1.74B |
| Share Repurchases | -1.65B | 0 | 0 | 0 | -2.54B | -3.00B | -4.97B | -956.00M | 0 | -3.07B | -1.50B | -1.50B |
| Debt Issued | — | — | 0 | 0 | 2.97B | 0 | 0 | 11.89B | 0 | 5.92B | 0 | 0 |
| Debt Repaid | -1.00B | -1.50B | -1.05B | -2.00B | 0 | 0 | -500.00M | -750.00M | -1.00B | -750.00M | 0 | 0 |
| Financing Cash Flow | -8.62B | -2.99B | -1.03B | -2.77B | -7.95B | 99.00M | -8.34B | -2.21B | -1.20B | 8.23B | -7.16B | -7.10B |
| Net Change in Cash | 584.00M | 3.64B | -2.85B | -1.39B | -2.12B | 5.41B | -7.09B | 6.11B | -2.13B | 2.99B | -13.49B | -2.90B |
| Free Cash Flow | 10.25B | 8.15B | 160.00M | 5.05B | 6.30B | 4.56B | 1.46B | 12.95B | 5.89B | 401.00M | -6.15B | 6.06B |
This table shows 12 quarterly periods of UnitedHealth Group's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow UNH's reporting calendar. What is a cash flow statement?