UNIVERSAL HEALTH SERVICES INC

UHS 10-Q · Q1 2026

UHS Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue (Q) — — —
Show Product Lines breakouts
Investment Advice · Relationship with Universal Health Realty Income Trust 1.4 1.4 0.0%
Managed Care (HMO and PPOs) 1,200,498 1,184,801 +1.3%
Managed Care (HMO and PPOs) · Acute Care Hospital Services 793,426 781,586 +1.5%
Managed Care (HMO and PPOs) · Behavioral Health Services 407,072 403,215 +1.0%
Managed Medicaid 646,602 602,829 +7.3%
Managed Medicaid · Acute Care Hospital Services 171,825 161,719 +6.2%
Managed Medicaid · Behavioral Health Services 474,777 441,110 +7.6%
Managed Medicare 550,100 520,299 +5.7%
Managed Medicare · Acute Care Hospital Services 447,999 421,134 +6.4%
Managed Medicare · Behavioral Health Services 102,101 99,165 +3.0%
Medicaid 709,900 526,908 +34.7%
Medicaid · Acute Care Hospital Services 370,297 252,765 +46.5%
Medicaid · Behavioral Health Services 339,603 274,143 +23.9%
Medicare 481,677 468,039 +2.9%
Medicare · Acute Care Hospital Services 400,503 392,093 +2.1%
Medicare · Behavioral Health Services 81,174 75,946 +6.9%
Other Non-patient Revenue 315,849 259,703 +21.6%
Other Non-patient Revenue · Acute Care Hospital Services 255,846 199,153 +28.5%
Other Non-patient Revenue · All Other Segments 2,894 2,842 +1.8%
Other Non-patient Revenue · Behavioral Health Services 57,109 57,708 -1.0%
Other Patient Revenue and Adjustments, Net 329,344 310,073 +6.2%
Other Patient Revenue and Adjustments, Net · Acute Care Hospital Services 170,240 149,364 +14.0%
Other Patient Revenue and Adjustments, Net · Behavioral Health Services 159,104 160,709 -1.0%
UK Revenue 261,212 227,068 +15.0%
UK Revenue · Acute Care Hospital Services 0 0 —
UK Revenue · Behavioral Health Services 261,212 227,068 +15.0%
Show Business Segments breakouts
Acute Care Hospital Services 2,610,136 2,357,814 +10.7%
Acute Care Hospital Services · Operating Segments 2,610,136 2,357,814 +10.7%
All Other Segments 2,894 2,842 +1.8%
Behavioral Health Services 1,882,152 1,739,064 +8.2%
Behavioral Health Services · GB 261 227 +15.0%
Behavioral Health Services · Operating Segments 1,882,152 1,739,064 +8.2%
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Revenue 4,495,182 4,099,720 +9.6%
Show Consolidation Items breakouts
Corporate Non Segment 2,894 2,842 +1.8%
Material Reconciling Items 2,894 2,842 +1.8%
Operating Segments 4,492,288 4,096,878 +9.7%
Labor And Related Expense (Q) — — —
Show Business Segments breakouts
Acute Care Hospital Services · Material Reconciling Items 972,846 915,524 +6.3%
Behavioral Health Services · Material Reconciling Items 1,001,094 923,366 +8.4%
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Labor And Related Expense 2,088,229 1,951,104 +7.0%
Other Cost And Expense Operating (Q) — — —
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Acute Care Hospital Services · Material Reconciling Items 1,254,357 1,090,698 +15.0%
Behavioral Health Services · Material Reconciling Items 462,200 428,774 +7.8%
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Other Cost And Expense Operating 1,283,928 1,105,752 +16.1%
Show Consolidation Items breakouts
Corporate Non Segment 148,873 140,478 +6.0%
Supplies Expense (Q) — — —
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Supplies Expense 426,543 402,881 +5.9%
Depreciation And Amortization (Q) — — —
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Acute Care Hospital Services · Material Reconciling Items 96,318 94,903 +1.5%
Behavioral Health Services · Material Reconciling Items 56,634 51,152 +10.7%
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Depreciation And Amortization 155,426 148,345 +4.8%
Operating Lease Expense (Q) — — —
Show Business Segments breakouts
Behavioral Health Care Facility · Relationship with Universal Health Realty Income Trust 2.9 2.9 0.0%
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Operating Lease Expense 38,196 36,813 +3.8%
Show Major Property Class breakouts
Aiken Regional Medical Center/Aurora Pavilion Behavioral Health Services 4,257,000 — —
Canyon Creek Behavioral Health 1,925,000 — —
Clive Behavioral Health Hospital 2,930,000 — —
McAllen Medical Center 5,485,000 — —
Wellington Regional Medical Center 6,975,000 — —
Show Related Party Transactions By Related Party breakouts
Relationship with Universal Health Realty Income Trust 5.6 5.4 +3.7%
Operating Expenses (Q) — — —
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Operating Expenses 3,992,322 3,644,895 +9.5%
Operating Income (Q) — — —
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Operating Income 502,860 454,825 +10.6%
Interest Expense (Q) — — —
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Interest Expense 37,133 40,056 -7.3%
Show Consolidation Items breakouts
Corporate Non Segment 34,875 36,719 -5.0%
Other Non-Operating Income (Expense) (Q) — — —
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Acute Care Hospital Services · Material Reconciling Items -2,132 -8,267 +74.2%
Behavioral Health Services · Material Reconciling Items -883 -825 -7.0%
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Other Non-Operating Income (Expense) -3,389 -5,659 +40.1%
Show Consolidation Items breakouts
Corporate Non Segment -374 3,433 -110.9%
Income Before Taxes (Q) — — —
Show Business Segments breakouts
Acute Care Hospital Services · Material Reconciling Items 287,761 262,694 +9.5%
Behavioral Health Services · Material Reconciling Items 361,835 335,522 +7.8%
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Income Before Taxes 469,116 420,428 +11.6%
Show Consolidation Items breakouts
Corporate Non Segment 469,116 420,428 +11.6%
Material Reconciling Items 649,596 598,216 +8.6%
Income Tax Expense (Benefit) (Q) — — —
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Income Tax Expense (Benefit) 110,438 98,800 +11.8%
Net Income (Q) — — —
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Net Income 358,678 321,628 +11.5%
Net Income Loss Attributable To Noncontrolling Interest (Q) — — —
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Net Income Loss Attributable To Noncontrolling Interest 9,996 4,948 +102.0%
Net Income (Q) — — —
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Net Income 348,682 316,680 +10.1%
EPS (Basic) (Q) — — —
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EPS (Basic) 5.71 4.87 +17.2%
EPS (Diluted) (Q) — — —
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EPS (Diluted) 5.65 4.8 +17.7%
Wtd Avg Shares (Basic) (Q) — — —
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Wtd Avg Shares (Basic) 61,071 64,970 -6.0%
Weighted Average Number Diluted Shares Outstanding Adjustment (Q) — — —
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Weighted Average Number Diluted Shares Outstanding Adjustment 597 1,067 -44.0%
Wtd Avg Shares (Diluted) (Q) — — —
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Wtd Avg Shares (Diluted) 61,668 66,037 -6.6%
Comprehensive Income (Q) — — —
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Comprehensive Income 339,979 331,989 +2.4%
Net Income Loss Available To Common Stockholders Basic (Q) — — —
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Net Income Loss Available To Common Stockholders Basic 348,682 316,680 +10.1%
Interest Income Expense Net (Q) — — —
Show Business Segments breakouts
Acute Care Hospital Services · Material Reconciling Items 986 2,262 -56.4%
Behavioral Health Services · Material Reconciling Items 1,272 1,075 +18.3%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
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Cash & Cash Equivalents 119,028 126,753 -6.1%
Accounts Receivable (Q) — — —
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Accounts Receivable 2,745,090 2,411,524 +13.8%
Supplies (Q) — — —
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Supplies 229,415 221,991 +3.3%
Other Assets Current (Q) — — —
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Other Assets Current 406,168 317,106 +28.1%
Total Current Assets (Q) — — —
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Total Current Assets 3,499,701 3,077,374 +13.7%
Non-Current Assets
Property, Plant & Equipment (Q) — — —
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Property, Plant & Equipment 7,063,647 6,696,614 +5.5%
Goodwill (Q) — — —
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Goodwill 3,980,656 3,948,178 +0.8%
Deferred Tax Assets (Q) — — —
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Deferred Tax Assets 68,339 133,244 -48.7%
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 375,316 409,458 -8.3%
Other Assets Miscellaneous Noncurrent (Q) — — —
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Other Assets Miscellaneous Noncurrent 684,249 601,376 +13.8%
Total Assets (Q) — — —
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Total Assets 15,681,142 14,875,430 +5.4%
Other Assets
Property Plant And Equipment Gross (Q) — — —
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Property Plant And Equipment Gross 13,609,793 12,905,358 +5.5%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment (Q) — — —
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment -6,546,146 -6,208,744 -5.4%
Deferred Costs (Q) — — —
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Deferred Costs 9,234 9,186 +0.5%
Current Liabilities
Current Portion of Long-Term Debt (Q) — — —
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Current Portion of Long-Term Debt 756,240 40,410 +1771.4%
Accounts Payable And Other Accrued Liabilities Current (Q) — — —
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Accounts Payable And Other Accrued Liabilities Current 2,356,343 2,092,451 +12.6%
Operating Lease Liability Current (Q) — — —
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Operating Lease Liability Current 72,904 75,929 -4.0%
Accrued Income Taxes Current (Q) — — —
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Accrued Income Taxes Current 58,591 121,462 -51.8%
Total Current Liabilities (Q) — — —
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Total Current Liabilities 3,244,078 2,330,252 +39.2%
Non-Current Liabilities
Other Non-Current Liabilities (Q) — — —
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Other Non-Current Liabilities 532,678 681,654 -21.9%
Operating Lease Liabilities (Q) — — —
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Operating Lease Liabilities 344,555 368,518 -6.5%
Deferred Tax Liabilities (Q) — — —
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Deferred Tax Liabilities 3,234 — —
Long-Term Debt (Q) — — —
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Long-Term Debt 3,952,118 4,609,272 -14.3%
Long-Term Debt (Q) — — —
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Long-Term Debt 4.7 4.6 +2.2%
Other Liabilities
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests (Q) — — —
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Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests 73,380 13,324 +450.7%
Stockholders' Equity
Total Stockholders' Equity (Q) — — —
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Total Stockholders' Equity 7,464,857 6,785,604 +10.0%
Minority Interest (Q) — — —
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Minority Interest 66,242 86,806 -23.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest (Q) — — —
Show Equity Components breakouts
Accumulated Other Comprehensive Income 39,080 22,510 +73.6%
Common Stock · Class D 0 0 —
Common Stock · Common Class A 66 66 0.0%
Common Stock · Common Class B 535 572 -6.5%
Common Stock · Common Class C 7 7 0.0%
Noncontrolling Interest 66,242 86,806 -23.7%
Parent 7,464,857 6,785,604 +10.0%
Retained Earnings Appropriated 8,203,077 7,489,409 +9.5%
Retained Earnings Unappropriated -777,908 -726,960 -7.0%
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest 7,531,099 6,872,410 +9.6%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 15,681,142 14,875,430 +5.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation For Discontinued Operations And Amortization (Q) — — —
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Depreciation For Discontinued Operations And Amortization 155,426 148,345 +4.8%
Stock-Based Compensation (Q) — — —
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Stock-Based Compensation 22,504 21,595 +4.2%
Gain Loss On Sale Of Assets And Business (Q) — — —
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Gain Loss On Sale Of Assets And Business -5,046 — —
Change in Accounts Receivable (Q) — — —
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Change in Accounts Receivable -123,862 -218,374 +43.3%
Increase Decrease In Accrued Interest Receivable Net (Q) — — —
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Increase Decrease In Accrued Interest Receivable Net 10,992 11,086 -0.8%
Increase Decrease In Deferred Income Taxes And Accrued Income Taxes Payable (Q) — — —
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Increase Decrease In Deferred Income Taxes And Accrued Income Taxes Payable 104,772 88,641 +18.2%
Increase Decrease In Other Operating Capital Net (Q) — — —
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Increase Decrease In Other Operating Capital Net -122,911 -42,824 -187.0%
Change in Prepaid & Other Assets (Q) — — —
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Change in Prepaid & Other Assets -12,257 -489 -2406.5%
Increase Decrease In Other Operating Liabilities (Q) — — —
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Increase Decrease In Other Operating Liabilities -221 3,811 -105.8%
Increase Decrease In Self Insurance Reserve (Q) — — —
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Increase Decrease In Self Insurance Reserve 62,568 47,334 +32.2%
Increase Decrease In Self Insurance Settlement Net Of Reimbursements (Q) — — —
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Increase Decrease In Self Insurance Settlement Net Of Reimbursements -49,015 -20,705 -136.7%
Net Cash from Operations (Q) — — —
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Net Cash from Operations 401,628 360,048 +11.5%
Investing Activities
Capital Expenditures (Q) — — —
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Capital Expenditures -217,157 -239,026 +9.1%
Proceeds From Sale Of Assets And Business (Q) — — —
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Proceeds From Sale Of Assets And Business 14,304 — —
Payments To Acquire Businesses Net Of Cash Acquired (Q) — — —
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Payments To Acquire Businesses Net Of Cash Acquired -4,857 -8,314 +41.6%
Payments For Proceeds From Hedge Investing Activities (Q) — — —
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Payments For Proceeds From Hedge Investing Activities 14,716 -23,695 +162.1%
Payment For Proceeds From Purchase Development Of Enterprise Resource Planning Application (Q) — — —
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Payment For Proceeds From Purchase Development Of Enterprise Resource Planning Application -4,613 — —
Increase Decrease In Capital Reserves Of Commercial Insurance Subsidiary (Q) — — —
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Increase Decrease In Capital Reserves Of Commercial Insurance Subsidiary 28 -264 +110.6%
Net Cash from Investing (Q) — — —
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Net Cash from Investing -197,579 -271,299 +27.2%
Financing Activities
Repayments Of Long Term Debt (Q) — — —
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Repayments Of Long Term Debt -44,731 -9,113 -390.8%
Proceeds From Lines Of Credit (Q) — — —
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Proceeds From Lines Of Credit 40 152,454 -100.0%
Share Repurchases (Q) — — —
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Share Repurchases -163,849 -223,385 +26.7%
Payments Of Dividends Common Stock (Q) — — —
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Payments Of Dividends Common Stock -12,974 -13,534 +4.1%
Proceeds From Issuance Of Common Stock (Q) — — —
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Proceeds From Issuance Of Common Stock 3,782 3,658 +3.4%
Payments Of Dividends Minority Interest (Q) — — —
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Payments Of Dividends Minority Interest -7,912 -5,912 -33.8%
Proceeds From Payments To Minority Shareholders (Q) — — —
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Proceeds From Payments To Minority Shareholders 3,750 4,412 -15.0%
Net Cash from Financing (Q) — — —
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Net Cash from Financing -221,894 -91,420 -142.7%
Supplemental
Interest Paid (Q) — — —
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Interest Paid 25,119 27,718 -9.4%
Income Taxes Paid (Q) — — —
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Income Taxes Paid 8,276 5,638 +46.8%
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 (Q) — — —
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Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 70,246 116,196 -39.5%
Other Cash Flow
Restricted Cash (Q) — — —
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Restricted Cash 133,525 96,973 +37.7%
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations (Q) — — —
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -924 1,645 -156.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 252,553 223,726 +12.9%
Net Change in Cash (Q) — — —
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Net Change in Cash -18,769 -1,026 -1729.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 252,553 223,726 +12.9%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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