UnitedHealth Group Incorporated (UNH) balance sheet

NYSE · Healthcare · Medical - Healthcare Plans · 390,000 employees · CEO Stephen J. Hemsley

Price: $406.97 -0.96%
Market cap: $365B
Enterprise value: $414B
Last report: Q3 '26 filed 2026-10-13
Next report: 2027-01-20 EPS est. $2.28

At the end of Q3 '26 UnitedHealth Group Incorporated (UNH) held $28.5B in cash and short-term investments against $74.3B of debt incl. leases. Total assets $313B, total liabilities $207B, shareholders' equity $104B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$25.4B	$28.4B	$26.3B	$32.4B	$25.3B	$30.7B	$28.6B	$27.2B	$24.4B	$28B	$28.6B	$25.8B
Short-term investments	$4.2B	$4.3B	$5.04B	$4.73B	$3.8B	$3.57B	$3.42B	$3.4B	$3.76B	$3.23B	$2.88B	$2.7B
Receivables	$39B	$46.5B	$49.9B	$47.5B	$48.5B	$53B	$52.7B	$55.4B	$52.7B	$51.2B	$46.3B	$20.5B
Other current assets	$9.84B	$9.75B	$10.8B	$7.64B	$8.21B	$9.04B	$8.96B	$9.02B	$9.75B	$8.72B	$9.1B	$36.5B
Current assets	$78.4B	$88.9B	$92B	$92.3B	$85.8B	$96.3B	$93.7B	$95.1B	$90.6B	$91.1B	$86.9B	$85.6B
Property, plant & equipment (net)	$11.5B	$10.4B	$9.8B	$10.1B	$10.6B	$10.7B	$10.9B	$11.1B	$10.8B	$10.7B	$10.8B	$0
Long-term investments	$47.6B	$45.9B	$46.1B	$48.7B	$52.4B	$51.9B	$52.5B	$53B	$54.3B	$56.8B	$57.7B	$58.1B
Goodwill	$104B	$106B	$105B	$106B	$107B	$108B	$108B	$110B	$110B	$111B	$111B	$0
Intangible assets	$15.2B	$15.5B	$14.7B	$23.6B	$23.3B	$22.9B	$22.5B	$22.8B	$20.5B	$20.1B	$19.7B	$0
Deferred tax assets	$4.7B	$0	$3.63B	$4.01B	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$12.6B	$17.7B	$14.3B	$14.6B	$19.6B	$20.4B	$21.3B	$23B	$23B	$23.5B	$24B	$169B
Non-current assets	$195B	$195B	$194B	$207B	$212B	$214B	$215B	$220B	$219B	$222B	$223B	$227B
Total assets	$274B	$284B	$286B	$299B	$298B	$310B	$309B	$315B	$310B	$313B	$310B	$313B
Liabilities
Accounts payable	$32B	$64.8B	$63.4B	$67B	$68.6B	$70.7B	$72.8B	$76.2B	$77.4B	$78.3B	$78.7B	$39.4B
Short-term debt	$5.31B	$9.79B	$11.4B	$3.91B	$4.55B	$9.99B	$5.7B	$7.74B	$6.07B	$6.48B	$3.83B	$5.62B
Deferred revenue	$3.36B	$3.21B	$2.57B	$3.32B	$3.32B	$3.3B	$3.03B	$3.37B	$3.41B	$3.42B	$2.99B	$0
Other current liabilities	$58.4B	$26.7B	$27.3B	$27.3B	$27.3B	$29.5B	$29.3B	$28.2B	$28B	$25.9B	$26.3B	$70.9B
Current liabilities	$99.1B	$104B	$105B	$102B	$104B	$113B	$111B	$116B	$115B	$114B	$112B	$116B
Long-term debt	$58.3B	$63.9B	$63.7B	$74.1B	$72.4B	$71.3B	$73.5B	$72.4B	$72.3B	$71.4B	$69.5B	$68.7B
Lease obligations (non-current)	$3.86B	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Deferred revenue (non-current)	$3.36B	$0	-$18.4B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Deferred tax liabilities	$3.02B	$4.17B	$3.63B	$4.01B	$3.62B	$3.9B	$3.8B	$3.16B	$2.42B	$2.86B	$2.72B	$0
Other non-current liabilities	$11.9B	$14.8B	$14.8B	$15.2B	$15.9B	$16B	$15.7B	$18.4B	$18.2B	$18.9B	$19.7B	$22.7B
Non-current liabilities	$80.4B	$82.9B	$63.7B	$93.3B	$91.9B	$91.2B	$93B	$93.9B	$93B	$93.2B	$92B	$91.4B
Total liabilities	$175B	$187B	$187B	$195B	$196B	$205B	$204B	$209B	$208B	$207B	$204B	$207B
Equity
Common stock & paid-in capital	$9M	$9M	$9M	$9M	$9M	$9M	$9M	$9M	$9M	$9M	$9M	$104B
Retained earnings	$95.8B	$90.1B	$92.4B	$96.5B	$96B	$97.9B	$97.3B	$97.6B	$95.6B	$99.9B	$101B	$0
Accumulated other comprehensive income	-$7.03B	-$3.44B	-$3.42B	-$2.45B	-$3.39B	-$2.91B	-$2.54B	-$2.21B	-$2.06B	-$2.56B	-$2.52B	$0
Shareholders' equity	$88.8B	$86.7B	$89.4B	$94.5B	$92.7B	$95B	$94.7B	$95.8B	$94.1B	$97.9B	$98.4B	$104B
Debt
Total debt (incl. leases)	$67.4B	$73.6B	$75.1B	$78B	$76.9B	$81.3B	$79.2B	$80.1B	$78.4B	$77.9B	$73.3B	$74.3B
Net debt (debt - cash)	$42B	$45.2B	$48.8B	$45.6B	$51.6B	$50.6B	$50.6B	$52.9B	$54B	$49.9B	$44.7B	$48.5B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$10.4B	$12B	$10.9B	$11B	$16.9B	$21.4B	$23.4B	$25.4B	$25.3B	$24.4B
Short-term investments	$2.85B	$3.51B	$3.46B	$3.26B	$2.86B	$2.53B	$4.55B	$4.2B	$3.8B	$3.76B
Receivables	$8.15B	$9.57B	$11.4B	$11.8B	$12.9B	$28.1B	$30.5B	$39B	$48.5B	$52.7B
Other current assets	$12.3B	$12B	$13B	$16.6B	$21.1B	$4.45B	$10.7B	$9.84B	$8.21B	$9.75B
Current assets	$33.7B	$37.1B	$38.7B	$42.6B	$53.7B	$61.8B	$69.1B	$78.4B	$85.8B	$90.6B
Property, plant & equipment (net)	$5.9B	$7.01B	$8.46B	$8.7B	$8.63B	$8.97B	$10.1B	$11.5B	$10.6B	$10.8B
Long-term investments	$23.9B	$28.3B	$32.5B	$37.2B	$41.2B	$43.1B	$43.7B	$47.6B	$52.4B	$54.3B
Goodwill	$47.6B	$54.6B	$58.9B	$65.7B	$71.3B	$75.8B	$93.4B	$104B	$107B	$110B
Intangible assets	$8.54B	$8.49B	$9.33B	$10.3B	$10.9B	$10B	$14.4B	$15.2B	$23.3B	$20.5B
Deferred tax assets	$2.76B	$2.18B	-$76.7B	-$84.7B	-$90.8B	-$94.8B	$2.77B	$0	$0	$0
Other non-current assets	$276M	$1.39B	$81B	$94B	$102B	$107B	$12.3B	$17.3B	$19.6B	$23B
Non-current assets	$88.9B	$102B	$114B	$131B	$144B	$150B	$177B	$195B	$212B	$219B
Total assets	$123B	$139B	$152B	$174B	$197B	$212B	$246B	$274B	$298B	$310B
Liabilities
Accounts payable	$29.8B	$33.1B	$36.6B	$40.7B	$44.4B	$49.1B	$56.8B	$32B	$68.6B	$77.4B
Short-term debt	$7.19B	$2.86B	$1.97B	$3.87B	$4.82B	$3.62B	$3.11B	$5.31B	$4.55B	$6.07B
Deferred revenue	$1.97B	$2.27B	$2.4B	$2.62B	$2.84B	$2.57B	$3.08B	$3.36B	$3.32B	$3.41B
Other current liabilities	$10.3B	$12.3B	$12.2B	$14.6B	$20.4B	$23B	$26.3B	$58.4B	$27.3B	$28B
Current liabilities	$49.2B	$50.5B	$53.2B	$61.8B	$72.4B	$78.3B	$89.2B	$99.1B	$104B	$115B
Long-term debt	$25.8B	$28.8B	$34.6B	$36.8B	$38.6B	$42.4B	$54.5B	$58.3B	$72.4B	$72.3B
Lease obligations (non-current)	$0	$0	$0	$0	$0	$0	$0	$3.86B	$0	$0
Deferred revenue (non-current)	-$2.76B	-$2.18B	-$2.47B	-$2.99B	-$3.37B	-$3.27B	$0	$3.36B	$0	$0
Deferred tax liabilities	$2.76B	$2.18B	$2.47B	$2.99B	$3.37B	$3.27B	$2.77B	$3.02B	$3.62B	$2.42B
Other non-current liabilities	$7.28B	$7.74B	$8.2B	$13.1B	$15.7B	$15.1B	$12.8B	$11.9B	$15.9B	$18.2B
Non-current liabilities	$33.1B	$36.6B	$42.8B	$49.9B	$54.3B	$57.4B	$70.1B	$80.4B	$91.9B	$93B
Total liabilities	$82.3B	$87B	$96B	$112B	$127B	$136B	$159B	$175B	$196B	$208B
Equity
Common stock & paid-in capital	$10M	$10M	$10M	$9M	$10M	$10M	$9M	$9M	$9M	$9M
Retained earnings	$40.9B	$48.7B	$55.8B	$61.2B	$69.3B	$77.1B	$86.2B	$95.8B	$96B	$95.6B
Accumulated other comprehensive income	-$2.68B	-$2.67B	-$4.16B	-$3.58B	-$3.81B	-$5.38B	-$8.39B	-$7.03B	-$3.39B	-$2.06B
Shareholders' equity	$38.4B	$49.8B	$51.7B	$57.6B	$65.5B	$71.8B	$77.8B	$88.8B	$92.7B	$94.1B
Debt
Total debt (incl. leases)	$33B	$31.7B	$36.6B	$40.7B	$43.5B	$46B	$57.6B	$67.4B	$76.9B	$78.4B
Net debt (debt - cash)	$22.5B	$19.7B	$25.7B	$29.7B	$26.5B	$24.6B	$34.3B	$42B	$51.6B	$54B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-01