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Other financials

Income statement

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Revenue$50.5B+1.4%
Gross profit$45.0B+1.1%
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$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

Reported directly by Elevance Health in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

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 tax expense4835481,0271,161
Net income1,4541,7443,2143,928
Net loss (gain) attributable to noncontrolling interests9(1)13(2)
Shareholders’ net income$1,463$1,743$3,227$3,926
Shareholders’ net income per share
Basic$6.74$7.74$14.78$17.39
Diluted$6.71$7.72$14.73$17.33
Dividends per share$1.72$1.71$3.44$3.42

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Elevance Health's net income?
Elevance Health (ELV) reported net income of $1.46B in Q2 2026.
How has Elevance Health's net income changed year-over-year?
Elevance Health's net income decreased by 16.1% year-over-year, from $1.74B to $1.46B.
What is the long-term trend for Elevance Health's net income?
Over 4 years (2021 to 2025), Elevance Health's net income has grown at a -2.1% compound annual growth rate (CAGR), from $6.16B to $5.66B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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