Universal Health Services, Inc. · NYSE:UHS
Universal Health Services — Q1 2026 Earnings Presentation
23 slides from Universal Health Services's earnings presentation, Apr 28, 2026
Slide 1: Supplemental Financial Materials
Supplemental Financial Materials FIRST QUARTER | 2026 EARNINGS Disclosures in this document are intended to supplement the financial information in UHS' First Quarter 2026 earnings release dated April 27, 2026. A copy of that earnings release is available via the Company's Investor Relations (“IR”)
Slide 2: Disclaimers
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Disclaimers Numerous factors, including those disclosed herein, those related to healthcare industry trends and those detailed in our press release announcing our First Quarter 2026 results dated April 27, 2026, filings wit
Slide 3: Table of Contents
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Table of Contents Page First Quarter 2026 Earnings Highlights 4 Operating Results Forecast 5 Consolidated: Key Financial Metrics 6 Business Segments: Net revenues, EBITDA and EBITDA margins 7 Acute Care Hospital Services Al
Slide 4: First Quarter 2026 Highlights
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE First Quarter 2026 Highlights $ in millions except per share amounts Consolidated Acute Care Hospital Services Behavioral Health Care Services FINANCIAL RESULTS SEGMENT FINANCIAL RESULTS SEGMENT FINANCIAL RESULTS Delivered
Slide 5: 2026 Operating Results Forecast
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE HIGHLIGHTS & KEY ASSUMPTIONS 2026 Operating Results Forecast 5% - 7% REITERATING FORECAST ISSUED FEBRUARY 25, 2026 Acute Care Hospital Services same-facility revenue growth of 5% to 7%, driven by 2% to 3% volume and 3% to 4
Slide 6: Consolidated: Key Financial Metrics
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Consolidated: Key Financial Metrics Three Months Ended ($ in thousands) (unaudited) 3/31/2026 3/31/2025 Revenues $4,495,182 $4,099,720 Net income attributable to UHS $348,682 $316,680 Net income attributable to UHS per dilu
Slide 7: Business Segments
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Business Segments CONSOLIDATED & SEGMENT REVENUES, EBITDA & MARGIN ($ in thousands) (unaudited) Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Acute Care Hospital Services Net revenues $2,357,814 $2,401,034 $2,630,065 $2,5
Slide 8: All Acute Care Hospital Services
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE All Acute Care Hospital Services Three Months Ended Three Months Ended March 31, 2026 March 31, 2025 ($ in thousands, except Operating Statistics figures) (unaudited) Amount % of Net Revenues Amount % of Net Revenues Net re
Slide 9: All Acute Care Hospital Services
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE All Acute Care Hospital Services Three Months ($ in thousands, except Operating Three Months Ended Ended Statistics figures) (unaudited) March 31, 2026 March 31, 2025 Operating Statistics Amount % Change Amount Hospitals ow
Slide 10: Same-Facility Basis
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Same-Facility Basis ACUTE CARE HOSPITAL SERVICES Three Months Ended Three Months Ended March 31, 2026 March 31, 2025 ($ in thousands, except Operating Statistics figures) (unaudited) Amount % of Net Revenues Amount % of Net
Slide 11: Same-Facility Basis
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Same-Facility Basis ACUTE CARE HOSPITAL SERVICES Three Months ($ in thousands, except Operating Statistics figures) Three Months Ended Ended (unaudited) March 31, 2026 March 31, 2025 Operating Statistics Amount % Change Amo
Slide 12: All Behavioral Health Care Services
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE All Behavioral Health Care Services Three Months Ended Three Months Ended March 31, 2026 March 31, 2025 ($ in thousands) (unaudited) Amount % of Net Revenues Amount % of Net Revenues Net revenues $1,882,152 100% $1,739,064
Slide 13: All Behavioral Health Care Services
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE All Behavioral Health Care Services Three Months ($ in thousands, except Operating Three Months Ended Ended Statistics figures) (unaudited) March 31, 2026 March 31, 2025 Operating Statistics Amount % Change Amount Hospitals
Slide 14: Same-Facility Basis
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Same-Facility Basis BEHAVIORAL HEALTH CARE SERVICES Three Months Ended Three Months Ended March 31, 2026 March 31, 2025 ($ in thousands, except Operating HIGHLIGHTS (% CHANGE FROM Q1 2025) Amount % of Net Revenues Amount %
Slide 15: Same-Facility Basis
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Same-Facility Basis BEHAVIORAL HEALTH CARE SERVICES Three Months ($ in thousands, except Operating Statistics figures) Three Months Ended Ended (unaudited) March 31, 2026 March 31, 2025 Operating Statistics Amount % Change
Slide 16: Consolidated Statements of Income
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Consolidated Statements of Income Three Months Ended Three Months Ended March 31, 2026 March 31, 2025 ($ in thousands, except Operating Statistics figures) Amount % of Net Revenues Amount % of Net Revenues (unaudited) Net r
Slide 17: Trended quarterly growth metrics
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Trended quarterly growth metrics (Y/Y% CHANGE) Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Consolidated Net revenues 10.8% 10.1% 11.2% 11.1% 10.8% 6.7% 9.6% 13.4% 9.7% 9.7% 9.6% A
Slide 18: Appendix: Reconciliation of Non-GAAP Items
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE APPENDIX: Reconciliation of Non-GAAP Items 18
Slide 19: Calculation of EBITDA/Adjusted EBITDA net of NCI
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Calculation of Earnings/Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization “EBITDA/Adjusted EBITDA net of NCI” Three Months Three Months Three Months Three Months Twelve Months Three Months Ended Ended
Slide 20: Calculation of Segment EBITDA: All Acute Care Hospital Services
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Calculation of Segment EBITDA: All Acute Care Hospital Services Three Months Three Months Three Months Three Months Twelve Months Three Months Ended Ended Ended Ended Ended Ended March 31, 2025 June 30, 2025 Sept. 30, 2025
Slide 21: Calculation of Segment EBITDA: All Behavioral Health Care Services
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Calculation of Segment EBITDA: All Behavioral Health Care Services Three Months Three Months Three Months Three Months Twelve Months Three Months Ended Ended Ended Ended Ended Ended March 31, 2025 June 30, 2025 Sept. 30, 20
Slide 22: Calculation of Segment EBITDA: Same-Facility Services
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Calculation of Segment EBITDA: Same- Calculation of Segment EBITDA: Same- Facility Acute Care Hospital Services Facility Behavioral Health Care Services Three Months Three Months Three Months Three Months Ended Ended Ended
Slide 23: Calculation of Adjusted Net Income Attributable to UHS / Adjusted EPS
UHS SUPPLEMENTAL FINANCIAL DISCLOSURES | FIRST QUARTER 2026 EARNINGS RELEASE Calculation of Adjusted Net Income Attributable to UHS / Per Diluted Share “Adjusted EPS” Three Months Ended Three Months Ended 'March 31, 2026 'March 31, 2025 Per Diluted Per Diluted ($ in thousands) (unaudited) Amount Amo
Universal Health Services — Q1 2026 Earnings Presentation on 6ix