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UNITEDHEALTH GROUP UnitedHealth Group Reports Third Quarter 2026 Results Third Quarter 2026 Revenues of $ 112.7 Billion ; Earnings from Operations of $ 6.6 Billion Earnings of $ 4.56 Per Share and Adjusted Earnings of $ 4.69 Per Share Cash Flows from Operations Were $ 5.1 Billion , or 1.2x Net Income Updated Full Year 2026 Earnings Outlook to At Least $ 19.50 Per Share ; Adjusted Earnings of At Least $ 20.50 Per Share October 13 , 2026 UnitedHealth Group ( NYSE : UNH ) today reported third quarter 2026 results and raised guidance for full year 2026 . The company now expects full year 2026 adjusted net earnings of at least $ 20.50 per share , incorporating experience through the third quarter 2026 . Consolidated revenues for the third quarter 2026 were $ 112.7 billion and earnings from operations were $ 6.6 billion , with a net margin of 3.6 % . Cash flows from operations were $ 5.1 billion , or 1.2x net income , and the debt - to - capital ratio was 41.7 % as of September 30 , 2026 . UnitedHealth Group's medical cost ratio was 88.4 % for the third quarter 2026 , reflecting both medical cost management and pricing discipline , as well as benefit design changes and care delivery enhancements focused on affordability and integrated value - based care . The operating cost ratio of 12.8 % in the third quarter 2026 compared to 13.5 % in the third quarter 2025 , and reflects ongoing investments to modernize operations and streamline administrative processes . 66 Our third quarter results reflect the discipline and execution our teams are bringing to every part of our business , as we continue evolving UnitedHealth Group to deliver a simpler , more supportive experience for patients and the clinicians who care for them . ” Stephen Hemsley Chief Executive Officer , UnitedHealth Group Third Quarter 2026 Key Performance Metrics • Third quarter 2026 adjusted net earnings were $ 4.69 per share . • The medical care ratio was 88.4 % , reflecting improved medical cost management , benefit and pricing alignment and care delivery enhancements . MCR was impacted by $ 610 million of net favorable prior period reserve development related to 2026 dates of service . • The operating cost ratio of 12.8 % reflected ongoing investments in operations , consumer and clinician experiences , operational agentification , integrated value- based care and community support . • • UnitedHealthcare served 48.3 million consumers , generating revenues of $ 86.3 billion and earnings of $ 2.8 billion . Optum cared for over 120 million patients and consumers and drove revenues of $ 66.9 billion and earnings of $ 3.7 billion . 1