UnitedHealth reports 2025 results and guides 2026 adjusted EPS above $17.75

UnitedHealth finished 2025 with revenue of $447.6 billion, up 12%, and adjusted EPS of $16.35. For 2026 it guided to revenue above $439.0 billion, GAAP EPS above $17.10 and adjusted EPS above $17.75, with earnings from operations above $24.0 billion. The revenue outlook sits below 2025, which reflects a planned shrink in lower-margin membership.

• 2025 revenue $447.6 billion, up 12%
• 2025 EPS $13.23 GAAP and $16.35 adjusted
• 2026 revenue outlook above $439.0 billion
• 2026 adjusted EPS outlook above $17.75; GAAP above $17.10
• 2026 earnings from operations outlook above $24.0 billion