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Elanco Animal Health Inc. ELAN Business Segments — Income tax expense (benefit)

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Other financials

Income statement

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Revenue$1.4B+10.2%
Gross profit$798.0M+11.9%
Net income$54.0M+391%
EPS (diluted)$0.11+450%

Balance sheet

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Cash & equivalents$530.0M-1.7%
Total debt$4.2B-6.2%
Total equity$6.6B-2.8%
Total assets$13.6B-1.3%

Cash flow

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Operating cash flow$277.0M+16.9%
CapEx$33.0M-42.1%
Free cash flow$244.0M+35.6%

Valuation

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Market cap$13.1B+89.0%
Enterprise value$16.81B+54.0%
P/S2.6×+1.1×

Profitability

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Gross margin55.4%+0.6pp
Net margin-4%-13.8pp
FCF margin7.5%-0.5pp

Returns & leverage

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Return on equity-3%-9.9pp
Debt / equity0.6×0.0×
Current ratio2.1×-0.5×

Where this comes from

Reported directly by Elanco Animal Health Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The source filing: Elanco Animal Health Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 9:06 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001739104-26-000043
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Interest expense, net of capitalized interest594811688
Other (income) expense, net(6)11323
Income before income taxes562514385
Income tax expense214327
Net income$54$11$111$78
Earnings per share:
Basic$0.11$0.02$0.22$0.16
Diluted$0.11$0.02$0.22$0.16

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Elanco Animal Health Inc.'s business segments — income tax expense (benefit)?
Elanco Animal Health Inc. (ELAN) reported business segments — income tax expense (benefit) of $2M in Q2 2026.
How has Elanco Animal Health Inc.'s business segments — income tax expense (benefit) changed year-over-year?
Elanco Animal Health Inc.'s business segments — income tax expense (benefit) decreased by 85.7% year-over-year, from $14M to $2M.
What is the long-term trend for Elanco Animal Health Inc.'s business segments — income tax expense (benefit)?
Over 2 years (2022 to 2025), Elanco Animal Health Inc.'s business segments — income tax expense (benefit) has grown at a 15.5% compound annual growth rate (CAGR), from $6M to $8M.
What does business segments — income tax expense (benefit) mean?
The provision for income taxes calculated on the segment's earnings, reflecting the tax jurisdiction requirements where the segment operates. It accounts for both current and deferred tax liabilities.

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