Skip to content

Elevance Health ELV Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Operating revenue - total by Business
Carelon Services Segment$29.15B+42.3%$28.32B+57.7%$26.07B+51.5%$23.38B+46.6%$20.49B+38.0%
CarelonRx Segment$43.88B+15.5%$43.4B+20.7%$41.73B+19.9%$39.88B+16.7%$38.01B+12.2%
Health Benefits Segment$168.15B+8.9%$167.09B+11.2%$162.84B+9.1%$158.87B+7.6%$154.45B+4.0%

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

How does Elevance Health break its business down?
Elevance Health (ELV) reports operating revenue - total by business across 4 parts — Carelon Services Segment, CarelonRx Segment, Corporate & Other and Health Benefits Segment. Each is extracted from the segment footnotes and tracked over time.
Where does Elevance Health's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Elevance Health's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.