UnitedHealth Group
UNH
$330.91 -0.77%
Exchange: NYSE | Sector: Healthcare | Industry: Medical Healthcare Plans
Q4 2023
Published: Dec 31, 2023

Earnings Highlights

  • Revenue of $93.25B up 13.8% year-over-year
  • EPS of $5.83 increased by 15.7% from previous year
  • Gross margin of 22.3%
  • Net income of 5.46B
  • "'The increasingly impactful ways we can engage with patients, consumers, care providers, and customers resulted in revenue growth of over $47 billion.' - Andrew Witty, CEO" - Andrew Witty
UNH
UnitedHealth Group Incorporated

Executive Summary

In Q4 2023, UnitedHealth Group (UNH) reported strong financial results with revenues reaching $93.25 billion, marking a 13.81% year-over-year increase. Despite ongoing pressures due to shifting care patterns and reduced Medicare Advantage (MA) funding, management remained confident in the company’s long-term growth trajectory of 13% to 16% adjusted earnings per share (EPS). The company's diversified segments, particularly Optum, continued to drive significant revenue growth, demonstrating resilience amid an evolving healthcare landscape. Management emphasized their commitment to value-based care and consumer-focused innovations as pivotal to sustaining growth in 2024 and beyond.

Key Performance Indicators

Revenue
Increasing
93.25B
QoQ: 2.06% | YoY: 13.81%
Gross Profit
Increasing
20.82B
22.30% margin
QoQ: -7.00% | YoY: 3.97%
Operating Income
Increasing
7.69B
QoQ: -9.82% | YoY: 11.58%
Net Income
Increasing
5.46B
QoQ: -6.61% | YoY: 14.58%
EPS
Increasing
5.90
QoQ: -6.50% | YoY: 15.69%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 100,807.00 5.98 +8.1% View
Q3 2024 99,177.00 6.51 +8.6% View
Q2 2024 97,858.00 4.54 +6.6% View
Q1 2024 98,785.00 -1.53 +8.4% View
Q4 2023 93,248.00 5.83 +13.8% View