UnitedHealth: Q2 revenue for 2026 reaches $112 billion, raising full-year guidance.

UnitedHealth announced its second-quarter performance for 2026. The second-quarter revenue was $112 billion, operating profit was $8 billion, and net profit margin was 4.9%. Earnings per share were $6.04, adjusted earnings per share were $6.38. Operating cash flow was $11 billion, which is 1.9 times the net profit. As of June 30, 2026, the debt-to-capital ratio was 41.2%. The medical cost rate for the second quarter was 86.7%, and the operating cost rate was 12.7%. The company raised its full-year performance guidance for 2026, expecting earnings per share to be $18.45-$18.95, adjusted earnings per share to be $19.5-$20. In terms of business segments, UnitedHealthcare serves 48.5 million consumers, with revenue of $86 billion and profit of $3.9 billion, with an operating profit margin of 4.6%. Optum supports over 120 million consumers, with revenue of $65.7 billion and profit of $4 billion, with a profit margin that expanded by 160 basis points year-over-year. The company has pledged to voluntarily eliminate and return profits from individual ACA insurance products in 2026 and plans to eliminate 30% of existing pre-authorization volume by the end of 2026.