What is Elevance Health's capex?

Elevance Health (ELV) reported capex of $235M in Q1 2026.

How has Elevance Health's capex changed year-over-year?

Elevance Health's capex increased by 19.9% year-over-year, from $196M to $235M.

What is the long-term trend for Elevance Health's capex?

Over 4 years (2021 to 2025), Elevance Health's capex has grown at a 0.7% compound annual growth rate (CAGR), from $1.09B to $1.12B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Elevance Health ELV CapEx

CapEx at other companies

HumanaHUM

$121M+27.4%

CVS HealthCVS

$849M+14.3%

UnitedHealth GroupUNH

$763M-15.0%

CenteneCNC

$200M+48.1%

Molina HealthcareMOH

$27M+22.7%

Oscar HealthOSCR

$8.79M-2.6%

Other financials

Income statement

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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

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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

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Operating cash flow$4.3B+326%

Free cash flow$4.1B+399%

Valuation

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Market cap$84.11B-0.6%

Enterprise value$105.95B+0.4%

P/E16×+1.7×

P/S0.4×0.0×

Profitability

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Gross margin89.2%+0.6pp

Net margin2.6%-0.6pp

FCF margin3.3%+1.3pp

Returns & leverage

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Return on equity12.1%-2.1pp

Debt / equity0.7×+0.1×

Current ratio1.5×0.0×

Where this comes from

Reported directly by Elevance Health in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Elevance Health’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Elevance Health's capex?: Elevance Health (ELV) reported capex of $235M in Q1 2026.
How has Elevance Health's capex changed year-over-year?: Elevance Health's capex increased by 19.9% year-over-year, from $196M to $235M.
What is the long-term trend for Elevance Health's capex?: Over 4 years (2021 to 2025), Elevance Health's capex has grown at a 0.7% compound annual growth rate (CAGR), from $1.09B to $1.12B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.