Optum, UnitedHealth Group’s healthcare services arm that includes ASC chain SCA Health, reported $69.2 billion in total revenue for the third quarter of 2025, up from $67.2 billion during the same period last year, according to the company’s Oct. 28 earnings report.
Here are five key takeaways:
1. Optum reported $3.1 billion in operating earnings, reflecting a 4.6% operating margin, down from $3.9 billion and a 6.2% margin in the third quarter of 2024.
2. Revenue for Optum Health remained steady at $25.9 billion year over year, but earnings from operations fell sharply to $255 million, representing a 1% operating margin. This compares to $2.2 billion in operating earnings and an 8.3% margin in the third quarter of 2024.
3. Optum Insight also saw flat year-over-year revenue at $4.9 billion. The segment’s operating earnings were $706 million, down from $791 million last year. Operating margins slipped to 14.4% from 16%, which the company attributed to continued investments supporting future growth.
4. Parent company UnitedHealth Group reported a $2.3 billion profit for the third quarter of 2025, down from $6.1 billion in the same quarter last year.
5. UnitedHealthcare, the company’s insurance arm, posted $87.1 billion in total revenue for the quarter, a 16% year-over-year increase.
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