Optum, UnitedHealth Group’s healthcare services arm that includes ASC chain SCA Health, reported $67.2 billion in total revenue for the second quarter of 2025, up from $62.9 billion year over year, according to the company’s July 29 earnings report.
Here are five more things to know:
1. Optum reported $3.1 billion in operating earnings, reflecting a 4.6% operating margin. This marks a decline from $3.9 billion and a 6.2% margin in Q2 2024.
2. Optum Health revenue dropped 7% year over year to $25.2 billion. Optum Insight revenue rose 6% to $4.8 billion. Optum Rx revenue increased 19% to $38.5 billion.
3. The dip in Optum Health revenue was attributed to increased medical care activity and the financial impact of underpriced fully-risk-assumed health plans, according to the report. Other contributing factors included reductions in Medicare funding, underestimation tied to the V-28 risk adjustment model transition and the patient mix among newly served populations.
4. UnitedHealth Group posted a net profit of $3.4 billion for Q2 2025, down from $4.2 billion in the same quarter last year.
5. UnitedHealthcare, the company’s insurance arm, saw total revenue climb to $86.1 billion, up from $73.9 billion year over year.
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