Elevance Health Inc. (ELV) quarterly income statement — complete revenue, gross profit & net income history
Elevance Health Inc. (ELV) annual income statement — 25-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 50.47B | 50.18B | 49.75B | 50.71B | 49.78B | 48.89B | 45.44B | 45.15B | 43.65B | 42.58B | 42.65B | 42.85B | 43.67B | 42.17B | 39.93B | 39.94B | 38.63B | 38.09B | 36.58B | 35.82B |
| Revenue Growth % | 1.4% | 2.64% | 9.47% | 12.33% | 14.04% | 14.83% | 6.55% | 5.36% | -0.06% | 0.96% | 6.81% | 7.29% | 13.05% | 10.7% | 9.15% | 11.49% | 14.12% | 17.63% | 14.95% | 14.97% |
| Medical Costs & Claims | 5.49B | 41.08B | 38.06B | 38.14B | 36.71B | 35.31B | 33.5B | 32.95B | 30.57B | 30.55B | 31.33B | 30.61B | 31.6B | 30.79B | 30.2B | 29.42B | 28.8B | 28.23B | 27.54B | 26.64B |
| Medical Cost Ratio % | 10.88% | 81.86% | 76.52% | 75.21% | 73.74% | 72.23% | 73.72% | 72.98% | 70.05% | 71.74% | 73.47% | 71.43% | 72.37% | 73% | 75.62% | 73.66% | 74.54% | 74.11% | 75.28% | 74.38% |
| Gross Profit | 44.98B | 9.1B | 11.68B | 12.57B | 13.07B | 13.58B | 11.94B | 12.2B | 13.07B | 12.03B | 11.31B | 12.24B | 12.07B | 11.39B | 9.73B | 10.52B | 9.84B | 9.86B | 9.04B | 9.18B |
| Gross Margin % | 89.12% | 18.14% | 23.48% | 24.79% | 26.26% | 27.77% | 26.28% | 27.02% | 29.95% | 28.26% | 26.53% | 28.57% | 27.63% | 27% | 24.38% | 26.34% | 25.46% | 25.89% | 24.72% | 25.62% |
| Gross Profit Growth % | 244.16% | -32.96% | -2.18% | 3.07% | -0.03% | 12.87% | 5.56% | -0.38% | 8.34% | 5.66% | 16.22% | 16.4% | 22.68% | 15.43% | 7.64% | 14.61% | 8.24% | 13.56% | 16.89% | 11.41% |
| Operating Expenses | 42.92B | 6.44B | 11.1B | 10.81B | 10.44B | 10.44B | 11B | 10.48B | 10.05B | 8.83B | 10.05B | 10.33B | 9.37B | 8.52B | 8.46B | 8.18B | 7.51B | 7.36B | 7.45B | 6.98B |
| OpEx / Revenue % | 85.03% | 12.84% | 22.31% | 21.32% | 20.97% | 21.35% | 24.2% | 23.22% | 23.02% | 20.73% | 23.57% | 24.11% | 21.45% | 20.19% | 21.19% | 20.48% | 19.43% | 19.31% | 20.36% | 19.49% |
| Depreciation & Amortization | 110M | 112M | 406M | 387M | 380M | 373M | 398M | 329M | 335M | 331M | 424M | 426M | 433M | 462M | 473M | 451M | 393M | 358M | 360M | 351M |
| Combined Ratio % | 95.91% | 94.7% | 98.83% | 96.54% | 94.71% | 93.58% | 97.92% | 96.21% | 93.07% | 92.47% | 97.05% | 95.54% | 93.81% | 93.19% | 96.81% | 94.14% | 93.97% | 93.42% | 95.64% | 93.87% |
| Operating Income | 2.06B | 2.66B | 581M | 1.76B | 2.63B | 3.14B | 946M | 1.71B | 3.03B | 3.2B | 1.26B | 1.91B | 2.7B | 2.87B | 1.27B | 2.34B | 2.33B | 2.51B | 1.59B | 2.2B |
| Operating Margin % | 4.09% | 5.3% | 1.17% | 3.46% | 5.29% | 6.42% | 2.08% | 3.79% | 6.93% | 7.53% | 2.95% | 4.46% | 6.19% | 6.81% | 3.19% | 5.86% | 6.03% | 6.58% | 4.36% | 6.13% |
| Operating Income Growth % | -21.65% | -15.28% | -38.58% | 2.63% | -12.99% | -1.97% | -24.92% | -10.51% | 11.99% | 11.64% | -1.1% | -18.25% | 15.97% | 14.48% | -20.08% | 6.51% | -9.09% | 5.87% | 98.26% | 256.08% |
| EBITDA | 2.17B | 2.77B | 987M | 2.14B | 3.01B | 3.51B | 1.34B | 2.04B | 3.36B | 3.54B | 1.68B | 2.34B | 3.13B | 3.33B | 1.75B | 2.79B | 2.72B | 2.87B | 1.95B | 2.55B |
| EBITDA Margin % | 4.31% | 5.53% | 1.98% | 4.23% | 6.05% | 7.19% | 2.96% | 4.52% | 7.7% | 8.3% | 3.95% | 5.46% | 7.18% | 7.9% | 4.38% | 6.99% | 7.05% | 7.52% | 5.34% | 7.11% |
| Interest Expense | 56M | 357M | 366M | 351M | 341M | 344M | 340M | 300M | 280M | 265M | 259M | 259M | 261M | 251M | 229M | 213M | 208M | 201M | 200M | 201M |
| Non-Operating Income | 70M | 0 | 0 | 0 | 0 | 0 | 0 | 39M | -240M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6M | 0 |
| Pretax Income | 1.94B | 2.3B | 215M | 1.41B | 2.29B | 2.8B | 606M | 1.37B | 2.99B | 2.94B | 1B | 1.65B | 2.44B | 2.62B | 1.04B | 2.13B | 2.12B | 2.31B | 1.4B | 2B |
| Pretax Margin % | 3.84% | 4.59% | 0.43% | 2.77% | 4.6% | 5.72% | 1.33% | 3.04% | 6.84% | 6.9% | 2.35% | 3.86% | 5.59% | 6.21% | 2.62% | 5.33% | 5.49% | 6.05% | 3.83% | 5.57% |
| Income Tax | 483M | 544M | -331M | 219M | 548M | 613M | 193M | 365M | 685M | 690M | 170M | 354M | 585M | 615M | 168M | 529M | 488M | 527M | 275M | 494M |
| Effective Tax Rate % | 24.94% | 23.61% | -153.95% | 15.58% | 23.91% | 21.92% | 31.85% | 26.58% | 22.94% | 23.48% | 16.98% | 21.4% | 23.97% | 23.48% | 16.08% | 24.87% | 23% | 22.85% | 19.64% | 24.75% |
| Net Income | 1.46B | 1.76B | 547M | 1.19B | 1.74B | 2.18B | 418M | 1.02B | 2.3B | 2.25B | 856M | 1.29B | 1.85B | 1.99B | 865M | 1.6B | 1.64B | 1.79B | 1.14B | 1.51B |
| Net Margin % | 2.9% | 3.52% | 1.1% | 2.34% | 3.5% | 4.47% | 0.92% | 2.25% | 5.27% | 5.28% | 2.01% | 3.01% | 4.24% | 4.72% | 2.17% | 4.01% | 4.24% | 4.7% | 3.11% | 4.21% |
| Net Income Growth % | -16.06% | -19.19% | 30.86% | 17.03% | -24.22% | -2.8% | -51.17% | -21.18% | 24.12% | 12.92% | -1.04% | -19.59% | 13.19% | 11.18% | -23.92% | 6.23% | -8.7% | 7.45% | 106.35% | 579.73% |
| EPS (Diluted) | 6.71 | 8.00 | 2.47 | 5.32 | 7.72 | 9.61 | 1.81 | 4.36 | 9.85 | 9.59 | 3.63 | 5.45 | 7.79 | 8.30 | 3.59 | 6.62 | 6.73 | 7.32 | 4.63 | 6.13 |
| EPS Growth % | -13.08% | -16.75% | 36.46% | 22.02% | -21.62% | 0.21% | -50.14% | -20% | 26.44% | 15.54% | 1.11% | -17.67% | 15.75% | 13.39% | -22.46% | 7.99% | -7.17% | 9.09% | 111.42% | 604.6% |
| EPS (Basic) | 6.71 | 8.00 | 2.47 | 5.32 | 7.72 | 9.64 | 1.84 | 4.36 | 9.91 | 9.65 | 3.67 | 5.48 | 7.83 | 8.37 | 3.64 | 6.69 | 6.80 | 7.41 | 4.70 | 6.20 |
| Diluted Shares Outstanding | 217.9M | 220.4M | 221.8M | 225.8M | 225.8M | 227.2M | 231.1M | 233.1M | 233.4M | 234.2M | 235.8M | 236.5M | 237.8M | 239.7M | 241.2M | 242.2M | 243.4M | 244.4M | 245.5M | 246M |