Universal Health Services (UHS) Q3 2025 10-Q Quarterly Report
Filed: Nov 7, 2025Period ending Sep 30, 2025
Health Care
Services-General Medical & Surgical Hospitals, NECSEC EDGAR Universal Health Services (UHS) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 7, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Universal Health Services Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Q3 revenue $4.495B, up 13.4% YoY from $3.963B; 9M revenue $12.879B, up 9.9% YoY from $11.714B
- • Operating margin Q3 11.6% vs 9.7% YoY; 9M 11.5% vs 10.3% YoY; net income margin Q3 8.3% vs 6.5% YoY; 9M 8.1% vs 6.9% YoY
- • Best segment: Acute Care Hospitals Q3 income before tax margin 13.9% vs 9.5% YoY; Worst: Newly opened Cedar Hill Medical Center loss of $47M YTD
- • Operating cash flow affected by $18M legal reserve and $35M increase in liability reserves for professional/general liability claims in Q3
- • Management flags inflationary pressures, Medicaid revenue risks from new legislation reducing enrollment and provider tax limits, plus tariff uncertainties and government shutdown risk
Risk Factors
- • New statutory Medicaid eligibility and funding limits from One Big Beautiful Bill Act (enacted July 4, 2025) may reduce revenue and increase uncompensated care
- • Legal risk increased: $18M reserve for Pinnacle litigation verdict and $47M pre-tax loss at new Cedar Hill hospital affect Q3 results
- • Regulatory risk: Medicaid supplemental payment programs face potential $420-470M annual net benefit reduction by 2032 due to federal OBBBA limits on provider taxes and SDP payments
- • Market risk: Inflationary pressures persist on personnel costs (+4.6% acute care wages Q3 YoY) and supply expenses (+3.5%), despite some recent moderation
- • Financial risk: Interest expense declined $33M YoY for nine months through Sep 2025, aiding free cash flow amid elevated borrowing rates
Universal Health Services Q3 2025 Quarterly FinancialsXBRL
Revenue
$4.5B
▲ +13.4% YoY▲ +4.9% QoQ
Net Income
$373M
▲ +44.2% YoY▲ +5.6% QoQ
Net Margin
8.3%
▲ +177bp YoY▲ +5bp QoQ
Source: XBRL data from Universal Health Services Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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