Operating revenue - total
Elevance Health Operating revenue - total increased by 0.4% to $49.49B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.5%, from $48.77B to $49.49B. Over 4 years (FY 2021 to FY 2025), Operating revenue - total shows an upward trend with a 9.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Growth suggests successful diversification into ancillary healthcare services, whereas a decline may indicate weakness in service-based business lines.
Detailed definition
Includes all revenue streams generated from operations outside of core insurance premiums, such as pharmacy benefit mana...
Peer comparison
Varies significantly based on the degree of vertical integration and service diversification among peers.
other_operating_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $33.28B | $35.55B | $36.02B | $37.89B | $38.48B | $39.63B | $39.67B | $41.90B | $43.38B | $42.48B | $42.45B | $42.27B | $43.22B | $44.72B | $44.99B | $48.77B | $49.42B | $50.09B | $49.31B | $49.49B |
| QoQ Change | — | +6.8% | +1.3% | +5.2% | +1.6% | +3.0% | +0.1% | +5.6% | +3.5% | -2.1% | -0.1% | -0.4% | +2.2% | +3.5% | +0.6% | +8.4% | +1.3% | +1.3% | -1.5% | +0.4% |
| YoY Change | — | — | — | — | +15.6% | +11.5% | +10.1% | +10.6% | +12.7% | +7.2% | +7.0% | +0.9% | -0.4% | +5.3% | +6.0% | +15.4% | +14.3% | +12.0% | +9.6% | +1.5% |
Business Segments — Health Benefits Segment
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Health Benefits Segment | $37.16B | $38.28B | $37.58B | $41.43B | $41.58B | $42.25B | $41.84B | $42.49B |
| CarelonRx Segment | $8.77B | $9.14B | $9.98B | $10.12B | $10.64B | $11.00B | $11.64B | $10.60B |
| Carelon Services Segment | $4.55B | $4.64B | $4.77B | $6.54B | $7.44B | $7.32B | $7.02B | $7.37B |
| Corporate & Other | — | — | — | $165.00M | $232.00M | $149.00M | — | $4.00M |
| Total | $43.22B | $44.72B | $44.99B | $48.77B | $49.42B | $50.09B | $49.31B | $49.49B |
Carelon Total, Corporate & Other Segment, Segment Eliminations were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Reportable Segments
| Segment | Q1 '25 |
|---|---|
| Reportable Segments | $48.77B |
| Total | $48.77B |
Operating revenue - total at Other Companies
Frequently Asked Questions
- What is Elevance Health's operating revenue - total?
- Elevance Health (ELV) reported operating revenue - total of $49.49B in Q1 2026.
- How has Elevance Health's operating revenue - total changed year-over-year?
- Elevance Health's operating revenue - total increased by 1.5% year-over-year, from $48.77B to $49.49B.
- What is the long-term trend for Elevance Health's operating revenue - total?
- Over 4 years (2021 to 2025), Elevance Health's operating revenue - total has grown at a 9.6% compound annual growth rate (CAGR), from $136.94B to $197.58B.
- What does operating revenue - total mean?
- Revenue earned from non-premium business activities and services.