NYSE$UNH

UnitedHealth · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

UnitedHealth Group's financial performance for Q1 2022 demonstrated strong growth and profitability, driven by double-digit revenue increases in both Optum and UnitedHealthcare, and an increase to the full year net earnings outlook.

UnitedHealth Group reported strong first quarter 2022 results, with revenues of $80.1 billion, a 14% year-over-year increase. Earnings were $5.27 per share, and adjusted earnings were $5.49 per share. The company increased its full year net earnings outlook to $20.30 to $20.80 per share and adjusted net earnings to $21.20 to $21.70 per share.

  • Revenues of $80.1 billion grew $10 billion or 14% year-over-year, with double-digit growth at both Optum and UnitedHealthcare.
  • Earnings from Operations were $7 Billion.
  • Cash Flows from Operations were $5.3 Billion.
  • Earnings were $5.27 Per Share, Adjusted Earnings $5.49 Per Share.

Headline financials

Total Revenue

$80.1B

Previous: $70.2B+14.2%
EPS (adj)

$5.49

Previous: $5.31+3.4%
Optum Health Consumers

100.0M

Previous: 99.0M+1.0%
Capital Expenditures

-$555M

Previous: -$568M+2.3%
Free Cash Flow

$4.47B

Previous: $4.29B+4.1%
Net Income

$5.03B

Previous: $4.86B+3.4%
Operating Income

$6.95B

Previous: $6.74B+3.1%
Gross Profit

$71.7B

Previous: $62.6B+14.4%
Cash & Equivalents

$25.5B

Previous: $20B+27.7%
Total Assets

$221B

Previous: $205B+7.8%
Stock-Based Comp

$299M

Previous: $256M+16.8%

Revenue & EPS history

UnitedHealth · Revenue · Quarterly

$80.1B

Q1 2022+14.2%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

UnitedHealth · $80.1B total across 4 segments · Q1 2022

  • Premiums
    $64.1B+15.5%
  • Products
    $9.34B+12.0%
  • Services
    $6.37B+7.7%
  • Investment & Other
    $367M-18.8%

Forward guidance

Based upon the first quarter performance and enterprise-wide growth outlook, the Company increased its full year net earnings outlook to $20.30 to $20.80 per share and adjusted net earnings to $21.20 to $21.70 per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.9%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.6%

Avg return

30 days after

63%

46 / 73 earnings

Positive

+11.2%

Q2 2024

Best reaction

-22.4%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+9.7%+18.1%
Q4 2025-11.2%-18.4%-18.5%
Q3 2025+0.1%-6.7%-9.9%
Q2 2025+0.6%+21.2%+38.2%
Q1 2025-22.4%-27.0%-50.1%
Q4 2024-6.2%-3.4%-3.7%
Q3 2024-5.6%-5.9%-2.0%
Q2 2024+11.2%+9.7%+12.5%
Q1 2024+7.5%+12.5%+17.0%
Q4 2023-3.8%-2.7%-4.0%
Q3 2023+2.4%+2.0%+3.0%
Q2 2023+8.1%+12.5%+13.5%
Q1 2023-4.0%-7.6%-6.7%
Q4 2022-2.1%-3.9%-0.3%
Q3 2022+2.3%+2.0%+2.4%
Q2 2022+3.4%+3.4%+8.2%
Q1 2022-0.5%+0.1%-9.6%
Q4 2021+0.4%+0.3%+1.5%
Q3 2021+6.1%+5.2%+13.7%
Q2 2021+1.2%-0.4%-1.2%
Q1 2021+4.1%+5.6%+9.1%
Q4 2020+0.8%-1.2%-7.8%
Q3 2020-2.1%-2.2%+7.3%
Q2 2020-0.4%-1.6%+4.9%
Q1 2020+10.3%+4.3%+7.6%
Q4 2019+4.3%+3.5%+3.7%
Q3 2019+7.4%+11.2%+16.0%
Q2 2019-3.8%-4.4%-7.9%
Q1 2019-5.8%-3.7%+2.9%
Q4 2018+5.4%+7.0%+7.0%
Q3 2018+2.7%+1.9%+1.8%
Q2 2018-0.6%-1.7%+2.4%
Q1 2018+2.6%+2.1%+5.5%
Q4 2017+4.3%+6.4%-1.1%
Q3 2017+6.2%+7.4%+9.3%
Q2 2017+1.5%+2.9%+3.4%
Q1 2017+1.2%+2.4%+2.6%
Q4 2016-2.5%-1.9%+1.1%
Q3 2016+7.6%+8.4%+12.4%
Q2 2016+1.6%+2.1%+1.0%
Q1 2016+4.8%
Q4 2015+5.1%
Q3 2015-1.7%
Q2 2015-1.6%
Q1 2015+1.2%
Q4 2014+7.8%
Q3 2014+7.3%
Q2 2014+2.1%
Q1 2014-4.1%
Q4 2013-3.1%
Q3 2013-8.6%
Q2 2013+7.9%
Q1 2013-3.2%
Q4 2012+1.7%
Q3 2012-2.6%
Q2 2012-1.7%
Q1 2012+3.8%
Q4 2011+2.3%
Q3 2011-2.2%
Q2 2011-1.7%
Q1 2011+0.5%
Q4 2010+0.7%
Q3 2010-0.5%
Q2 2010+1.6%
Q1 2009-0.8%
Q1 2010-0.2%
Q4 2009+0.4%
Q4 2007+0.4%
Q3 2008+5.5%
Q3 2009+5.5%
Q4 2008+1.3%
Q2 2008+1.3%
Q2 2009+1.3%

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