APRIL 21, 2026 AT 09:55 AM
UnitedHealth (UNH) Q1 2026 (USD): adj. EPS 7.23 (exp. 6.59), Revenue 111.7bln (exp. 109.44bln)
Importance
Level 1
- Medical Care Ratio 83.9% (-90bps Y/Y); included a 20bps positive impact from the previously disclosed Optum Health loss contracts reserve
- Operating cost ratio 13.8% (vs 12.4% Y/Y), reflecting investments to drive improved consumer and care provider experiences and greater operating efficiencies
- Served 49.1mln consumers, expanded operating margins by 40bps to 6.6% (vs 6.2% Y/Y)
- Optum supported more than 122mln consumers, driving revenues of USD 63.7bln and earnings of USD 3.3bln
GUIDANCE:
- FY EPS view above 18.25 (exp. 17.86; prev. saw above 17.75)