Elevance Health (ELV) financials
Elevance Health revenue and earnings by year
Elevance Health's revenue was $199 billion in the fiscal year to December 31, 2025, up 12.5% from the year before. Net income was $5.66 billion, 2.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 9.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 199.1 | 177.0 | 171.3 | 156.6 | 138.6 | 121.9 | 104.2 | 92.1 | 90.0 | 84.9 |
| Revenue growth | 12.5% | 3.3% | 9.4% | 13.0% | 13.8% | 16.9% | 13.1% | 2.3% | 6.1% | — |
| Gross profit | 29.7 | 29.7 | 29.7 | 26.9 | 25.2 | 24.9 | 20.4 | 20.2 | 17.8 | 18.0 |
| Gross margin | 14.9% | 16.8% | 17.3% | 17.2% | 18.2% | 20.4% | 19.6% | 21.9% | 19.8% | 21.2% |
| Operating income | 8.1 | 9.1 | 8.7 | 8.5 | 8.8 | 7.1 | 6.7 | 5.8 | 5.0 | 5.3 |
| Operating margin | 4.1% | 5.1% | 5.1% | 5.4% | 6.4% | 5.8% | 6.5% | 6.3% | 5.5% | 6.2% |
| Net income | 5.7 | 6.0 | 6.0 | 5.9 | 6.2 | 4.6 | 4.8 | 3.8 | 3.8 | 2.5 |
| Net margin | 2.8% | 3.4% | 3.5% | 3.8% | 4.4% | 3.8% | 4.6% | 4.1% | 4.3% | 2.9% |
| Diluted EPS | $25.21 | $25.68 | $25.22 | $24.28 | $24.95 | $17.91 | $18.44 | $14.20 | $14.36 | $9.21 |
| Free cash flow | 3.2 | 4.6 | 6.8 | 7.2 | 7.3 | 9.7 | 5.0 | 2.6 | 3.4 | 2.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ELV in Markets.
See also: ELV valuation and P/E history · ELV returns
No forecast, no recommendation. This page describes Elevance Health from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.