UHS Q3 2025: Net income +42.6% to $379.1M on 13.4% revenue growth; new Medicaid cuts, tariff risks disclosed

Filed November 7, 2025 · Period ending September 30, 2025 · Compared to 10-Q Nov 8, 2024 · ~1 min read

Key Changes

• high

  Net income rose 42.6% to $379.1M on 13.4% revenue growth to $4.5B. Diluted EPS climbed 54.2% to $5.86, reflecting both operational gains and share-count reduction from $615.9M in year-to-date buybacks.

  Key Financials / MD&A view on EDGAR →
• high

  July 2025 federal legislation (One Big Beautiful Budget Act) imposes Medicaid work requirements, caps provider fees at 6% (phasing to 3.5% for expansion states by 2032), and eliminates exchange premium tax credits after 2025. Company expects revenue reduction and increased uncompensated care over the next several years.

  Risk Factors / MD&A: Medicaid legislation view on EDGAR →
• high

  Federal government shutdown began October 1, 2025, following Congress's failure to approve a FY2026 budget. Company states operating cash flows and results of operations could be materially unfavorably impacted.

  MD&A: Federal shutdown verify on EDGAR →