UnitedHealth Group has announced its financial performance for the third quarter of 2025, showcasing a notable increase in revenues and a revised outlook for the remainder of the year. The company reported revenues of $113.2 billion, reflecting a 12% growth compared to the previous year. Earnings per share for the quarter stood at $2.59, with adjusted earnings at $2.92 per share. Additionally, cash flows from operations reached an impressive $5.9 billion, which is 2.3 times its net income.
CEO Stephen Hemsley emphasized the company’s commitment to enhancing performance, indicating that the current results demonstrate their strategic focus is on driving sustainable growth into 2026 and beyond. Given these strong quarterly results, UnitedHealth has raised its earnings guidance, projecting a full-year earnings per share of at least $14.90, with adjusted earnings anticipated to be at least $16.25.
Key performance indicators from the third quarter included a medical care ratio (MCR) of 89.9%, aligning with previous expectations, and an operating cost ratio of 13.5%. UnitedHealthcare experienced a 16% surge in revenues, amounting to $87.1 billion, largely driven by growth in its Medicare & Retirement and Community & State segments. Currently, UnitedHealthcare is providing services to 50.1 million consumers, an increase of 795,000 year-over-year.
The Optum health services division reported revenues of $69.2 billion, which was an 8% rise year-over-year, with compelling growth in Optum Rx contributing significantly. Despite facing operating margin pressures, primarily due to increased costs, the sector remains a core component of the company’s strategy to enhance the overall health system’s performance.
UnitedHealth Group remains dedicated to its mission of promoting health and well-being through comprehensive health benefits and innovative care solutions, with a robust focus on improving consumer experience and reducing healthcare costs. The outlook presents a positive trajectory and signifies the company’s resilience in navigating challenging healthcare dynamics.
UnitedHealth Group will hold a conference call today at 8:00 a.m. Eastern Time, where executives will further discuss the company’s performance and strategies moving forward. A live webcast will be available on the investor relations section of the company’s website.