Elevance Health Inc. (ELV)

ELV Income Statement

Revenue, expenses, and profitability analysis

ELV Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	46.426B	9.103B	11.682B	12.571B	13.070B	13.579B	11.942B	12.196B	13.074B
Revenue	200.415B	50.181B	49.747B	50.711B	49.776B	48.891B	45.442B	45.145B	43.646B
Cost of Goods Sold	153.989B	41.078B	38.065B	38.140B	36.706B	35.312B	33.500B	32.949B	30.572B
Gross Profit Margin	18.1%	18.1%	23.5%	24.8%	26.3%	27.8%	26.3%	27.0%	30.0%
Total Operating Expenses	38.794B	6.442B	11.101B	10.814B	10.437B	10.438B	10.996B	10.484B	10.048B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	6.330B	6.330B	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	7.632B	2.661B	581.000M	1.757B	2.633B	3.141B	946.000M	1.712B	3.026B
Operating Margin	5.3%	5.3%	1.2%	3.5%	5.3%	6.4%	2.1%	3.8%	6.9%
Income Before Tax (EBT)	6.217B	2.304B	215.000M	1.406B	2.292B	2.797B	606.000M	1.373B	2.986B
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	1.415B	357.000M	366.000M	351.000M	341.000M	344.000M	340.000M	300.000M	280.000M
Other Income/Expense	-1.415B	-357.000M	-366.000M	-351.000M	-341.000M	-344.000M	-340.000M	-339.000M	-40.000M
Net Income	5.243B	1.764B	547.000M	1.189B	1.743B	2.183B	418.000M	1.016B	2.300B
Income Tax Expense	980.000M	544.000M	-331.000M	219.000M	548.000M	613.000M	193.000M	365.000M	685.000M
Net Profit Margin	3.5%	3.5%	1.1%	2.3%	3.5%	4.5%	0.9%	2.3%	5.3%
EBITDA	8.917B	2.773B	987.000M	2.144B	3.013B	3.514B	1.344B	2.002B	3.601B
EBITDA Margin	5.5%	5.5%	2.0%	4.2%	6.1%	7.2%	3.0%	4.4%	8.3%
Depreciation & Amortization	1.285B	112.000M	406.000M	387.000M	380.000M	373.000M	398.000M	329.000M	335.000M
EPS Basic	23.51	8.00	2.47	5.32	7.72	9.64	1.84	4.36	9.91
EPS Diluted	23.51	8.00	2.47	5.32	7.72	9.61	1.81	4.36	9.85
Shares Outstanding	220.500M	220.500M	221.800M	225.800M	225.800M	226.400M	227.480M	233.028M	232.200M
Diluted Shares Outstanding	220.400M	220.400M	221.800M	225.800M	225.800M	227.200M	231.100M	233.100M	233.400M

ELV Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	50.902B	49.243B	47.010B	39.953B	35.994B	33.822B	22.427B	20.210B
Revenue	199.125B	176.810B	171.340B	156.595B	138.639B	121.867B	104.213B	92.105B
Cost of Goods Sold	148.223B	127.567B	124.330B	116.642B	102.645B	88.045B	81.786B	71.895B
Gross Profit Margin	25.6%	27.9%	27.4%	25.5%	26.0%	27.8%	21.5%	21.9%
Total Operating Expenses	42.790B	40.355B	38.265B	31.502B	27.048B	26.111B	15.694B	14.373B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	8.112B	8.888B	8.745B	8.451B	8.946B	7.711B	6.733B	5.837B
Operating Margin	4.1%	5.0%	5.1%	5.4%	6.5%	6.3%	6.5%	6.3%
Income Before Tax (EBT)	6.710B	7.904B	7.715B	7.600B	7.925B	6.238B	5.985B	5.068B
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	1.402B	1.185B	1.030B	851.000M	798.000M	784.000M	746.000M	753.000M
Other Income/Expense	-1.402B	-984.000M	-1.030B	-851.000M	-1.021B	-1.473B	-748.000M	-769.000M
Net Income	5.662B	5.980B	5.987B	5.894B	6.104B	4.572B	4.807B	3.750B
Income Tax Expense	1.049B	1.933B	1.724B	1.712B	1.830B	1.666B	1.178B	1.318B
Net Profit Margin	2.8%	3.4%	3.5%	3.8%	4.4%	3.8%	4.6%	4.1%
EBITDA	9.658B	10.482B	10.490B	10.126B	10.025B	8.176B	7.864B	6.953B
EBITDA Margin	4.9%	5.9%	6.1%	6.5%	7.2%	6.7%	7.5%	7.5%
Depreciation & Amortization	1.546B	1.393B	1.745B	1.675B	1.302B	1.154B	1.133B	1.132B
EPS Basic	25.18	25.81	25.38	24.56	25.25	18.23	18.81	14.53
EPS Diluted	25.12	25.68	25.22	24.28	24.73	17.98	18.47	14.19
Shares Outstanding	221.800M	232.866M	233.071M	240.000M	243.800M	250.800M	255.500M	254.300M
Diluted Shares Outstanding	221.800M	232.900M	237.400M	242.800M	246.800M	254.300M	260.300M	254.300M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Elevance Health Inc.

Operating as a major health benefits organization, Elevance Health Inc. commits to guiding consumers, families, and communities across their entire health and wellness path. It facilitates access to vital care, assistance, and tools designed to enable healthier living for approximately 118 million individuals. The company's comprehensive offerings span medical, digital, pharmaceutical, behavioral health, clinical, and other care solutions. Founded in 1944 and based in Indianapolis, Indiana, this entity adopted its current name, Elevance Health Inc., in June 2022, having previously operated as Anthem, Inc.

Indianapolis, IN

104,200 employees

www.elevancehealth.com

Healthcare / Medical - Healthcare Plans

Sector: Healthcare
Industry: Medical - Healthcare Plans
CEO: Gail Koziara Boudreaux

View full financials