Investing
CapEx
Elevance Health CapEx decreased by 19.8% to $235.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.9%, from $196.00M to $235.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows relatively stable performance with a 0.7% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| 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 | $285.00M | $258.00M | $340.00M | $254.00M | $295.00M | $305.00M | $298.00M | $301.00M | $350.00M | $319.00M | $326.00M | $279.00M | $323.00M | $332.00M | $322.00M | $196.00M | $267.00M | $360.00M | $293.00M | $235.00M |
| QoQ Change | — | -9.5% | +31.8% | -25.3% | +16.1% | +3.4% | -2.3% | +1.0% | +16.3% | -8.9% | +2.2% | -14.4% | +15.8% | +2.8% | -3.0% | -39.1% | +36.2% | +34.8% | -18.6% | -19.8% |
| YoY Change | — | — | — | — | +3.5% | +18.2% | -12.4% | +18.5% | +18.6% | +4.6% | +9.4% | -7.3% | -7.7% | +4.1% | -1.2% | -29.7% | -17.3% | +8.4% | -9.0% | +19.9% |
Range$196.00M – $360.00M
CAGR-4.0%
Avg YoY Growth+1.3%
Median YoY Growth+3.8%
Current Streak2 quarters decline
CapEx at Other Companies
Frequently Asked Questions
- What is Elevance Health's capex?
- Elevance Health (ELV) reported capex of $235.00M 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 $196.00M to $235.00M.
- 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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.