earnings
confidence high
sentiment positive
materiality 0.80
UnitedHealth Q3 2026 EPS $4.56, adjusted $4.69; raises FY adjusted EPS outlook to at least $20.50
UNITEDHEALTH GROUP INC
- Q3 2026 revenues were $112.7B vs $113.2B a year ago; earnings from operations were $6.6B vs $4.3B; net margin was 3.6%.
- Q3 adjusted EPS was $4.69 and GAAP EPS was $4.56; medical care ratio was 88.4% vs 89.9% in Q3 2025, aided by $610M favorable prior-period reserve development.
- UnitedHealthcare Q3 revenues were $86.3B, earnings $2.8B, margin 3.3%; served 48.3M people; Employer & Individual membership fell 165,000 on attrition.
- Optum Q3 revenues were $66.9B and earnings $3.7B; Optum Health revenue fell 10% YoY to $22.9B, and Optum Rx scripts were 393M vs 414M.
- Raised FY 2026 outlook to at least $19.50 GAAP EPS and at least $20.50 adjusted EPS; YTD repurchased $5.0B stock and paid $6.2B dividends.