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Elevance Health ELV Reportable Segments — Income before income tax expense

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Other financials

Income statement

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Revenue$50.5B+1.4%
Gross profit$45.0B+1.1%
Net income$1.5B-16.1%
EPS (diluted)$6.71-13.1%

Balance sheet

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Cash & equivalents$10.2B+19.5%
Total debt$30.7B+7.5%
Total equity$44.9B+2.7%
Total assets$126.44B+3.7%

Cash flow

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Operating cash flow$1.9B-6.9%
CapEx$287.0M+7.5%
Free cash flow$1.6B-9.0%

Valuation

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Market cap$84.85B+36.4%
Enterprise value$105.28B+28.1%
P/E17.1×+5.5×
P/S0.4×+0.1×

Profitability

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Gross margin89.1%+0.4pp
Net margin2.5%-0.4pp
FCF margin3.2%+0.4pp

Returns & leverage

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Return on equity11.2%-1.3pp
Debt / equity0.7×0.0×
Current ratio1.5×+0.1×

Where this comes from

Reported directly by Elevance Health in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Elevance Health’s 10-Q, filed July 15, 2026.

Filed
Jul 15, 2026, 11:27 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001156039-26-000060
Line itemThree Months Ended June 30 / 2026Three Months Ended June 30 / 2025Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Income before income tax expense$1,937$2,292$4,241$5,089
Net investment income(704)(486)(1,469)(1,076)
Net losses on financial instruments56131134595
Interest expense364341721685
Amortization of other intangible assets110147222302
Reportable segments’ operating gain$1,763$2,425$3,849$5,595

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Elevance Health's reportable segments — income before income tax expense?
Elevance Health (ELV) reported reportable segments — income before income tax expense of $1.94B in Q2 2026.
How has Elevance Health's reportable segments — income before income tax expense changed year-over-year?
Elevance Health's reportable segments — income before income tax expense decreased by 15.5% year-over-year, from $2.29B to $1.94B.
What is the long-term trend for Elevance Health's reportable segments — income before income tax expense?
Over 3 years (2022 to 2025), Elevance Health's reportable segments — income before income tax expense has grown at a -4.1% compound annual growth rate (CAGR), from $7.6B to $6.71B.
What does reportable segments — income before income tax expense mean?
This metric measures the profitability of a business segment after all operating and non-operating expenses are deducted, but before the impact of income taxes. It provides a standardized view of the segment's earnings power, allowing for comparison across different tax jurisdictions or corporate structures. It is a primary measure of the segment's operational efficiency and bottom-line contribution.

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