Elevance Health, Inc. (ELV)
NYSE: ELV · Real-Time Price · USD
432.71
-7.24 (-1.65%)
Oct 26, 2026, 11:43 AM EDT - Market open

Elevance Health Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
201,832199,126176,810171,340156,599138,643
Revenue Growth
3.60%12.62%3.19%9.41%12.95%13.76%
Operating Income
8,0278,2979,8639,8898,4629,027
Net Income
5,1395,6625,9805,9875,8946,158
Earnings Per Share
23.4425.2125.6825.2224.2824.95
EPS Growth
-3.90%-1.83%1.82%3.87%-2.69%38.77%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Health Benefits
170,402167,094150,275148,571138,484121,728
CarelonRx
45,09343,40035,961---
Carelon Services
30,06328,31617,961---
Corporate & Other
-6746330947939995
Revenue (Total)
199,071197,584175,204170,209155,660136,943

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
10,3489,4918,2886,5267,3874,880
Total Debt
30,75732,75032,19325,96925,04624,028
Net Cash (Debt)
-20,409-23,259-23,905-19,443-17,659-19,148
Net Cash Growth
------
Net Cash Per Share
-93.04-103.56-102.64-81.90-72.73-77.59

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
7,5964,2905,8088,0618,3998,364
Capital Expenditures
-1,082-1,116-1,256-1,296-1,152-1,087
Free Cash Flow
6,5143,1744,5526,7657,2477,277
Free Cash Flow Growth
72.92%-30.27%-32.71%-6.65%-0.41%-24.72%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
3.98%4.17%5.58%5.77%5.40%6.51%
Pretax Margin
3.10%3.37%4.47%4.50%4.85%5.77%
Profit Margin
2.55%2.84%3.38%3.49%3.76%4.44%
FCF Margin
3.23%1.59%2.57%3.95%4.63%5.25%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
6.8806.8406.5205.9205.1204.520
Dividend Per Share Growth
0.58%4.91%10.13%15.63%13.27%18.95%
Dividend Yield
1.59%1.94%1.73%1.24%0.99%0.97%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
18.4613.7614.3118.5120.7918.27
Forward PE
15.0913.0911.2513.1716.1416.70
P/FCF Ratio
14.6124.5518.8016.3816.9115.46
PS Ratio
0.470.390.480.650.780.81