Service fees — Product and service revenue
Elevance Health Service fees — Product and service revenue increased by 3.9% to $2.25B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.5%, from $2.07B to $2.25B. Over 3 years (FY 2022 to FY 2025), Service fees — Product and service revenue shows an upward trend with a 4.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests successful diversification into high-margin health service sectors and deeper integration into the care delivery ecosystem. A decrease may indicate reduced demand for non-insurance services or a shift in the company's service-based business strategy.
Detailed definition
This metric represents revenue generated from non-insurance service offerings, such as pharmacy benefit management, care...
Peer comparison
Peers in the managed care industry often report this as 'Health Services' or 'Pharmacy Services' revenue, which is typically compared based on the percentage of total revenue contribution.
elv_segment_service_fees_product_and_service_revenueHistorical Data
| 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 | $1.86B | $1.86B | $1.86B | $1.86B | $2.01B | $1.93B | $2.04B | $1.92B | $2.08B | $2.28B | $2.02B | $2.03B | $2.07B | $2.11B | $2.14B | $2.16B | $2.25B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +7.8% | -3.9% | +6.0% | -6.0% | +8.1% | +9.6% | -11.2% | +0.3% | +1.9% | +1.9% | +1.4% | +1.1% | +3.9% |
| YoY Change | — | — | — | — | +7.8% | +3.5% | +9.7% | +3.2% | +3.5% | +18.0% | -1.0% | +5.6% | -0.4% | -7.4% | +5.6% | +6.5% | +8.5% |
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Frequently Asked Questions
- What is Elevance Health's service fees — product and service revenue?
- Elevance Health (ELV) reported service fees — product and service revenue of $2.25B in Q1 2026.
- How has Elevance Health's service fees — product and service revenue changed year-over-year?
- Elevance Health's service fees — product and service revenue increased by 8.5% year-over-year, from $2.07B to $2.25B.
- What is the long-term trend for Elevance Health's service fees — product and service revenue?
- Over 3 years (2022 to 2025), Elevance Health's service fees — product and service revenue has grown at a 4.4% compound annual growth rate (CAGR), from $7.45B to $8.48B.
- What does service fees — product and service revenue mean?
- Revenue earned from providing health-related services and administrative support rather than collecting insurance premiums.