Elevance Health Inc. (ELV) Operating Margin: 3.81%
Is Elevance Health Inc.’s operating margin high or low?
Elevance Health Inc.'s operating margin of 3.81% is 29% below its 5-year average of 5.40%, near the low end of its 5-year range (4.07%–6.45%).
The operating margin for Elevance Health Inc. (ELV) is 3.81% as of Wednesday, June 10, 2026. It is below its 12-month average by 16.26% (4.55%).
ELV Operating Margin Chart
ELV Average Operating Margin Chart
ELV Current vs Average Operating Margin Chart
ELV Operating Margin Metrics
OPERATING MARGIN
3.81%
OPERATING MARGIN AVG TTM
4.55%
OPERATING MARGIN AVG 3Y
4.90%
OPERATING MARGIN AVG 5Y
5.40%
OPERATING MARGIN AVG 10Y
5.81%
OPERATING MARGIN AVG 15Y
6.26%
OPERATING MARGIN AVG 20Y
6.87%
CURRENT VS TTM AVG
-16.26%
CURRENT VS 3Y AVG
-22.24%
CURRENT VS 5Y AVG
-29.40%
CURRENT VS 10Y AVG
-34.37%
CURRENT VS 15Y AVG
-39.09%
CURRENT VS 20Y AVG
-44.56%
ELV Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Elevance Health Inc. (ELV) | — | 3.81% | 4.55% | 4.90% | 5.40% |
| Cigna Corporation (CI) | $78.25B | 3.42% | 3.56% | 4.04% | 4.30% |
| Medtronic plc (MDT) | $103.04B | 17.78% | 17.77% | 17.25% | 17.00% |
| Vertex Pharmaceuticals Incorporated (VRTX) | $110.77B | 38.97% | 18.66% | 31.09% | 34.52% |
| Regeneron Pharmaceuticals, Inc. (REGN) | $62.59B | 24.32% | 26.52% | 32.61% | 38.03% |
| Bristol-Myers Squibb Company (BMY) | $114.14B | 25.67% | 23.17% | 21.31% | 19.39% |
| CVS Health Corporation (CVS) | $125.16B | 1.46% | 2.43% | 2.79% | 3.48% |
| Danaher Corporation (DHR) | $130.25B | 20.95% | 21.31% | 23.25% | 23.28% |
| IDEXX Laboratories, Inc. (IDXX) | $44.47B | 31.63% | 30.27% | 29.30% | 28.64% |
| Humana Inc. (HUM) | $43.78B | 1.01% | 1.25% | 2.37% | 3.27% |
Operating Efficiency
Gross Margin
23.2%
Operating Margin
3.8%
Elevance Health Inc. Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Elevance Health Inc. Operating Margin FAQ
- What is the operating margin for Elevance Health Inc. (ELV)?
- The operating margin for ELV stock is 3.81%.
- Is Elevance Health Inc.'s operating margin high or low?
- Elevance Health Inc.'s operating margin of 3.81% is 29% below its 5-year average of 5.40%, near the low end of its 5-year range (4.07%–6.45%).
- What is the TTM average operating margin for Elevance Health Inc. (ELV)?
- The TTM average operating margin for ELV stock is 4.55%.
- What is the 3Y average operating margin for Elevance Health Inc. (ELV)?
- The 3Y average operating margin for ELV stock is 4.90%.
- What is the 5Y average operating margin for Elevance Health Inc. (ELV)?
- The 5Y average operating margin for ELV stock is 5.40%.
- What is the 10Y average operating margin for Elevance Health Inc. (ELV)?
- The 10Y average operating margin for ELV stock is 5.81%.
- What is the 15Y average operating margin for Elevance Health Inc. (ELV)?
- The 15Y average operating margin for ELV stock is 6.26%.
- What is the 20Y average operating margin for Elevance Health Inc. (ELV)?
- The 20Y average operating margin for ELV stock is 6.87%.
Elevance Health Inc. Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 4.07% |
| 2024-12-31 | 5.03% |
| 2023-12-31 | 5.10% |
| 2022-12-31 | 5.40% |
| 2021-12-31 | 6.45% |
| 2020-12-31 | 6.33% |
| 2019-12-31 | 6.46% |
| 2018-12-31 | 6.34% |
| 2017-12-31 | 5.54% |
| 2016-12-31 | 6.38% |
| 2015-12-31 | 6.76% |
| 2014-12-31 | 6.90% |
| 2013-12-31 | 6.59% |
| 2012-12-31 | 7.16% |
| 2011-12-31 | 7.37% |
| 2010-12-31 | 8.21% |
| 2009-12-31 | 8.02% |
| 2008-12-31 | 7.94% |
| 2007-12-31 | 9.70% |
| 2006-12-31 | 9.41% |
| 2005-12-31 | 9.15% |
| 2004-12-31 | 8.62% |
| 2003-12-31 | 7.16% |
| 2002-12-31 | 6.11% |
| 2001-12-31 | 5.02% |
| 2000-12-31 | 0.00% |
| 1999-12-31 | 0.00% |
| 1998-12-31 | 0.00% |
Related Metrics
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.
- Sector
- Healthcare
- Industry
- Medical - Healthcare Plans
- CEO
- Gail Koziara Boudreaux