What is Elevance Health's market cap?

Elevance Health (ELV) has a market capitalization of $90.4B and trades on NYSE.

What is Elevance Health's revenue and profitability?

Elevance Health generated $200.42B in trailing twelve-month revenue with net income of $5.2B, representing a net margin of 2.6%. Gross margin stands at 89.2%, with free cash flow of $6.7B. These figures are based on the Q1 2026 filing.

Who are Elevance Health's competitors?

Elevance Health's key competitors include Humana Inc., Aetna (CVS Health), UnitedHealth Group Incorporated, and others. These companies compete in similar markets and product categories.

Who does Elevance Health partner with?

Elevance Health's notable partners include Blue Cross and Blue Shield Association, CVS Health Corporation, Clayton, Dubilier & Rice, and others.

What subsidiaries does Elevance Health have?

Elevance Health's subsidiaries include Carelon, CarelonRx, Wellpoint, and others.

Where is Elevance Health headquartered?

Elevance Health is headquartered in United States of America and employs approximately 104,900 people. It has been publicly traded since 2001.

Elevance Health

ELV

Elevance Health is a leading health company focused on delivering integrated, whole-health solutions across the care journey.

Market cap

$90.36B+15.0%

Revenue$200.42B+9.3%

Net income$5.2B-11.4%

Free cash flow$6.7B+81.3%

EPS (diluted)$23.58-8.2%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 22, 2026

Revenue$49.5BBeat by $1.3B EPS$12.58Beat by $1.55

Read the full report

Next report

Jul 16, 2026 (In 6 days)

Revenue estimate$48.8B

EPS estimate$6.18

Financials

Q1 2026

Income statement

See full

Revenue$50.2B+2.6%

Gross profit$44.7B+1.8%

Net income$1.8B-19.2%

EPS (diluted)$8.00-16.8%

Balance sheet

See full

Cash & equivalents$9.7B+28.8%

Total debt$31.5B+11.0%

Total equity$43.9B+3.3%

Total assets$125.83B+5.1%

Cash flow

See full

Operating cash flow$4.3B+326%

CapEx$235.0M+19.9%

Free cash flow$4.1B+399%

Valuation & ratios

Valuation

See full

Market cap$90.96B+15.0%

Enterprise value$112.79B+13.8%

P/E17.4×+2.6×

P/S0.5×0.0×

Profitability

See full

Gross margin89.2%+0.6pp

Net margin2.6%-0.6pp

FCF margin3.3%+1.3pp

Returns & leverage

See full

Return on equity12.1%-2.1pp

Debt / equity0.7×+0.1×

Current ratio1.5×0.0×

Segments

By product

See full

Service fees$2.2B+8.5%

Competitors

By market cap

UnitedHealth Group$388.86B+39.4%

CVS Health$133.12B+58.0%

Elevance Health$91.0B+14.9%

Cigna$75.8B-11.4%

Humana$47.4B+61.0%

Centene$32.6B+94.2%

Astrana Health$2.3B+105%

Evolent Health, Inc.$616.4M-55.2%

By revenue growth

Astrana Health+56.7%

Centene+17.0%

Humana+14.1%

UnitedHealth Group+9.7%

Elevance Health+9.3%

Cigna+8.8%

CVS Health+7.6%

Evolent Health, Inc.-21.3%

By net margin

Humana2.96%0.0pp

UnitedHealth Group2.68%-2.7pp

Elevance Health2.62%-0.6pp

Cigna2.23%+0.3pp

Astrana Health0.857%-1.7pp

CVS Health0.719%-0.7pp

Centene-3.25%-5.3pp

Evolent Health, Inc.-26.29%-21.7pp

Profile

Elevance Health is a leading health company focused on delivering integrated, whole-health solutions across the care journey. The company provides a comprehensive suite of medical, pharmacy, behavioral, and specialty health services to millions of members through its affiliated health plans and healthcare services brands. Its core value proposition centers on leveraging local market presence and national scale to improve health outcomes and advance health equity through value-based care models.

Competitive position

One of the largest health insurers in the United States by medical membership, holding exclusive Blue Cross Blue Shield licenses in 14 states.

GeographiesUnited States, Puerto Rico

Customer segmentsCommercial Employers, Government Agencies, Individual Consumers, Medicare/Medicaid Beneficiaries

Business modelRisk-based insurance premiums, Fee-for-service administrative contracts, Pharmacy and health service fees

SuppliersPharmaceutical Manufacturers, Healthcare Providers (Physicians, Hospitals), Technology and Data Infrastructure Providers, Blue Cross and Blue Shield Association (Licensing)

CustomersLarge National Employers, Small and Medium Businesses, State and Federal Government Agencies, Individual Policyholders

CountryUnited States of America

Listed2001

Employees104.9K

CEOGail Koziara Boudreaux

SectorHealthcare

IndustryMedical - Healthcare Plans

Websiteelevancehealth.com

FilingsSEC EDGAR

Questions, answered.

What is Elevance Health's market cap?: Elevance Health (ELV) has a market capitalization of $90.4B and trades on NYSE.
What is Elevance Health's revenue and profitability?: Elevance Health generated $200.42B in trailing twelve-month revenue with net income of $5.2B, representing a net margin of 2.6%. Gross margin stands at 89.2%, with free cash flow of $6.7B. These figures are based on the Q1 2026 filing.
Who are Elevance Health's competitors?: Elevance Health's key competitors include Humana Inc., Aetna (CVS Health), UnitedHealth Group Incorporated, and others. These companies compete in similar markets and product categories.
Who does Elevance Health partner with?: Elevance Health's notable partners include Blue Cross and Blue Shield Association, CVS Health Corporation, Clayton, Dubilier & Rice, and others.
What subsidiaries does Elevance Health have?: Elevance Health's subsidiaries include Carelon, CarelonRx, Wellpoint, and others.
Where is Elevance Health headquartered?: Elevance Health is headquartered in United States of America and employs approximately 104,900 people. It has been publicly traded since 2001.