Business Segments · Operating expense
Health Benefits — Operating expense
Elevance Health Health Benefits — Operating expense decreased by 0.2% to $4.88B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.2%, from $4.82B to $4.88B. Over 3 years (FY 2022 to FY 2025), Health Benefits — Operating expense shows an upward trend with a 4.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toSG&A
How to read this metric
A decrease in operating expense as a percentage of revenue indicates improved administrative efficiency and operating leverage.
Detailed definition
This metric encompasses the administrative and operational costs required to run the Health Benefits segment, excluding...
Peer comparison
Comparable to 'Selling, General, and Administrative (SG&A) Expenses' allocated to a specific business segment.
Metric ID:
elv_segment_health_benefits_operating_expenseHistorical Data
17 periods
| 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 | $4.15B | $4.15B | $4.15B | $4.15B | $4.49B | $4.49B | $4.49B | $4.49B | $4.47B | $4.58B | $3.95B | $4.33B | $4.82B | $4.54B | $4.80B | $4.89B | $4.88B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.3% | +0.0% | +0.0% | +0.0% | -0.5% | +2.4% | -13.7% | +9.6% | +11.3% | -5.9% | +5.8% | +1.9% | -0.2% |
| YoY Change | — | — | — | — | +8.3% | +8.3% | +8.3% | +8.3% | -0.5% | +1.8% | -12.1% | -3.6% | +7.8% | -0.9% | +21.5% | +12.9% | +1.2% |
Range$3.95B – $4.89B
CAGR+4.1%
Avg YoY Growth+4.7%
Median YoY Growth+7.8%
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Frequently Asked Questions
- What is Elevance Health's health benefits — operating expense?
- Elevance Health (ELV) reported health benefits — operating expense of $4.88B in Q1 2026.
- How has Elevance Health's health benefits — operating expense changed year-over-year?
- Elevance Health's health benefits — operating expense increased by 1.2% year-over-year, from $4.82B to $4.88B.
- What is the long-term trend for Elevance Health's health benefits — operating expense?
- Over 3 years (2022 to 2025), Elevance Health's health benefits — operating expense has grown at a 4.7% compound annual growth rate (CAGR), from $16.59B to $19.05B.
- What does health benefits — operating expense mean?
- The administrative and overhead costs required to operate the Health Benefits segment.