Universal Health Services reported revenue of $17.36 billion for fiscal year 2025 (ended December 31, 2025), up 9.7% from fiscal year 2024. Net income was $1.49 billion, a net margin of 8.6%.
At the end of fiscal year 2025 it had total assets of $15.53 billion, total liabilities of $8.25 billion and shareholders' equity of $7.28 billion, with total debt of $4.75 billion.
Its operations brought in $1.86 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

Annual • USD
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $17.4B | $15.8B | $14.3B | $13.4B | $12.6B |
| Gross profit | – | – | – | – | $11.2B |
| Operating income | $2.0B | $1.7B | $1.2B | $1.0B | $1.4B |
| Net income | $1.5B | $1.1B | $717.8M | $675.6M | $989.5M |
| Diluted EPS | – | – | – | – | $11.82 |
| Total assets | $15.5B | $14.5B | $14.0B | $13.5B | $13.1B |
| Total liabilities | $8.3B | $7.8B | $7.8B | $7.6B | $6.9B |
| Shareholders' equity | $7.3B | $6.7B | $6.1B | $5.9B | $6.1B |
| Cash | – | – | – | – | $115.3M |
| Total debt | $4.8B | $4.5B | $4.9B | $4.8B | $4.6B |
| Operating cash flow | $1.9B | $2.1B | $1.3B | $996.0M | $883.7M |
| Capital spending | – | – | – | – | $855.7M |
| Free cash flow | – | – | – | – | $28.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
$17.36 billion, up 9.7% from $15.83 billion in fiscal year 2024.
Universal Health Services reported net income of $1.49 billion for fiscal year 2025 (8.6% of revenue); operating income was $1.99 billion.
At the end of fiscal year 2025: total debt of $4.75 billion.