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Elevance Health ELV Free cash flow

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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%

Valuation

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Market cap$87.3B+25.1%
Enterprise value$107.74B+20.1%
P/E17.6×+4.6×
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

Calculated from Elevance Health’s reported figures.

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

Filed
Jul 15, 2026, 11:27 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001156039-26-000060

FAQ

What is Elevance Health's free cash flow?
Elevance Health (ELV) reported free cash flow of $1.63B in Q2 2026.
How has Elevance Health's free cash flow changed year-over-year?
Elevance Health's free cash flow decreased by 9.0% year-over-year, from $1.79B to $1.63B.
What is the long-term trend for Elevance Health's free cash flow?
Over 2 years (2021 to 2025), Elevance Health's free cash flow has grown at a -31.8% compound annual growth rate (CAGR), from $7.28B to $3.38B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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