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Universal Health ServicesStock · HealthcareS&P 500 0.0%
$155.77+$4.50 (+2.97%)as of market close, Jul 24, 2026
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How Universal Health Services makes money

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How does Universal Health Services make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Universal Health Services · FY2025 · year ended 2025-12-31
Revenue$17.4BGross profit$17.4B · 100%Cost of revenue$0 · 0%Operating income$2.0B · 11%Operating expenses$15.4B · 89%Other opex$15.4B · 89%Net income$1.5B · 9%Income tax$461M · 3%Managed Care$4.9B · 28%Medicaid$2.7B · 15%Managed Medicaid$2.5B · 14%Managed Medicare$2.1B · 12%Medicare$1.9B · 11%Other Patient Revenue & Adjustments Net$1.2B · 7%Other Non Patient Revenue$1.1B · 6%UK Revenue$1.0B · 6%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.