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Elevance Health ELV Total Revenue

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Segments

By product

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Service fees$2.28B+8.3%

Other financials

Income statement

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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$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:Revenues.

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
Total operating revenue49,82649,42199,32098,186
Net investment income7044861,4691,076
Net losses on financial instruments(56)(131)(134)(595)
Total revenues50,47449,776100,65598,667
Expenses
Benefit expense37,02436,70672,63972,018
Cost of products sold5,4925,29310,95510,276
Operating expense5,5474,99711,87710,297

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Elevance Health's total revenue?
Elevance Health (ELV) reported total revenue of $50.47B in Q2 2026.
How has Elevance Health's total revenue changed year-over-year?
Elevance Health's total revenue increased by 1.4% year-over-year, from $49.78B to $50.47B.
What is the long-term trend for Elevance Health's total revenue?
Over 4 years (2021 to 2025), Elevance Health's total revenue has grown at a 9.5% compound annual growth rate (CAGR), from $138.64B to $199.13B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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