ELEVANCE HEALTH, INC. financials
Source: EDGAR filings · Built 2026-06-19T02:19:47Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 3.17B | 4.55B | 6.76B | 7.25B | 7.28B | 9.67B |
| EBITDA | 8.74B | 9.26B | 10.24B | 9.96B | 8.86B | 7.51B |
| Working Capital | 21.97B | 18.36B | 18.24B | 15.92B | 16.24B | 16.30B |
| Net Debt | 23.21B | 23.75B | 19.44B | 17.66B | 21.84B | 18.77B |
| Gross Margin | 89.36% | 88.84% | 89.91% | 91.68% | 92.14% | 92.65% |
| Operating Margin | 3.62% | 4.44% | 4.96% | 5.29% | 5.45% | 5.22% |
| Net Margin | 2.84% | 3.38% | 3.49% | 3.76% | 4.44% | 3.75% |
| Return on Equity (ROE) | 12.90% | 14.47% | 15.23% | 16.26% | 17.06% | 13.77% |
| Return on Assets (ROA) | 4.66% | 5.12% | 5.50% | 5.74% | 6.32% | 5.28% |
| Current Ratio | 1.54× | 1.45× | 1.44× | 1.40× | 1.47× | 1.55× |
| Debt-to-Equity | 0.75× | 0.78× | 0.66× | 0.69× | 0.74× | 0.74× |
| Effective Tax Rate | 15.63% | 24.46% | 22.35% | 22.53% | 23.09% | 26.71% |
| Cash Conversion Ratio | 0.76× | 0.97× | 1.35× | 1.43× | 1.36× | 2.34× |
| Accruals Ratio | 0.01× | 0.00× | -0.02× | -0.02× | -0.02× | -0.07× |
| SBC % of Revenue | 0.14% | 0.11% | 0.17% | 0.17% | 0.18% | 0.23% |
| CapEx Coverage | 3.84× | 4.62× | 6.22× | 7.29× | 7.69× | 10.47× |
| Free Cash Flow Per Share | $14.13 | $19.54 | $28.50 | $29.85 | $29.49 | $38.01 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 199.13B | 177.01B | 171.34B | 156.59B | 138.64B | 121.87B |
| Cost of Goods and Services Sold | 21.18B | 19.75B | 17.29B | 13.04B | 10.89B | 8.95B |
| Selling, General and Administrative Expense | 20.98B | 20.02B | 20.09B | 17.70B | 15.92B | 17.45B |
| Operating Income (Loss) | 7.20B | 7.86B | 8.50B | 8.28B | 7.56B | 6.36B |
| Income Tax Expense (Benefit) | 1.05B | 1.93B | 1.72B | 1.71B | 1.85B | 1.67B |
| Net Income (Loss) Attributable to Parent | 5.66B | 5.98B | 5.99B | 5.89B | 6.16B | 4.57B |
| Earnings Per Share, Basic | $25.28 | $25.81 | $25.38 | $24.56 | $25.26 | $18.23 |
| Weighted Average Number of Shares Outstanding, Basic | 224.00M | 231.70M | 235.90M | 240.00M | 243.80M | 250.80M |
| Earnings Per Share, Diluted | $25.21 | $25.68 | $25.22 | $24.28 | $24.95 | $17.98 |
| Weighted Average Number of Shares Outstanding, Diluted | 224.60M | 232.90M | 237.40M | 242.80M | 246.80M | 254.30M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 9.49B | 8.29B | 6.53B | 7.39B | 4.88B | 5.74B |
| Assets, Current | 63.00B | 58.94B | 60.03B | 55.62B | 51.12B | 45.75B |
| Assets | 121.49B | 116.89B | 108.93B | 102.75B | 97.46B | 86.61B |
| Long-term Debt | 31.90B | 30.87B | 24.89B | 23.85B | 22.76B | 20.04B |
| Liabilities, Current | 41.03B | 40.58B | 41.79B | 39.70B | 34.88B | 29.45B |
| Long-term Debt, Excluding Current Maturities | 30.80B | 29.22B | 23.25B | 22.35B | 21.16B | 19.34B |
| Liabilities | 77.47B | 75.46B | 69.52B | 66.42B | 61.29B | 53.42B |
| Stockholders' Equity Attributable to Parent | 43.88B | 41.31B | 39.31B | 36.24B | 36.09B | 33.20B |
| Common Stock, Shares, Outstanding | 220.72M | 227.48M | 233.07M | 237.96M | 241.77M | 245.40M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 4.29B | 5.81B | 8.06B | 8.40B | 8.36B | 10.69B |
| Payments to Acquire Property, Plant, and Equipment | 1.12B | 1.26B | 1.30B | 1.15B | 1.09B | 1.02B |
| Net Cash Provided by (Used in) Investing Activities | -1.34B | -5.17B | -5.57B | -4.56B | -9.64B | -7.32B |
| Payments for Repurchase of Common Stock | 2.60B | 2.90B | 2.68B | 2.32B | 1.90B | 2.70B |
| Payments of Dividends | 1.53B | 1.51B | 1.40B | 1.23B | 1.10B | 954.00M |
| Net Cash Provided by (Used in) Financing Activities | -1.74B | 1.19B | -3.35B | -1.32B | 423.00M | -2.57B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 4.10B | -209.00M | 3.38B | 2.61B | 821.00M | 384.00M |
| EBITDA | 2.44B | 715.00M | — | — | 3.54B | 1.07B |
| Working Capital | 21.72B | 21.97B | 22.90B | 19.49B | 18.42B | 18.36B |
| Net Debt | 22.18B | 23.21B | 23.39B | 21.63B | 22.50B | 23.75B |
| Gross Margin | 89.11% | 88.90% | 89.39% | 89.37% | 89.81% | 86.77% |
| Operating Margin | 4.16% | 0.62% | 2.55% | 4.87% | 6.48% | 1.48% |
| Net Margin | 3.52% | 1.10% | 2.34% | 3.50% | 4.46% | 0.92% |
| Return on Equity (ROE) | 4.02% | 1.25% | 2.71% | 3.99% | 5.14% | 1.01% |
| Return on Assets (ROA) | 1.40% | 0.45% | 0.97% | 1.43% | 1.82% | 0.36% |
| Current Ratio | 1.48× | 1.54× | 1.56× | 1.44× | 1.43× | 1.45× |
| Debt-to-Equity | 0.73× | 0.75× | 0.73× | 0.69× | 0.71× | 0.78× |
| Effective Tax Rate | 23.61% | -153.95% | 15.58% | 23.91% | 21.92% | 31.85% |
| Cash Conversion Ratio | 2.46× | 0.15× | 3.54× | 1.76× | 0.47× | 1.69× |
| Accruals Ratio | -0.02× | 0.00× | -0.02× | -0.01× | 0.01× | -0.00× |
| SBC % of Revenue | 0.11% | 0.06% | 0.49% | 0.33% | 0.17% | -0.06% |
| CapEx Coverage | 18.43× | 0.29× | 5.11× | 6.63× | 5.19× | 2.19× |
| Free Cash Flow Per Share | $18.59 | $-0.93 | $15.12 | $11.55 | $3.61 | $1.65 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 50.18B | 49.75B | 50.71B | 49.78B | 48.89B | 45.44B |
| Cost of Goods and Services Sold | 5.46B | 5.52B | 5.38B | 5.29B | 4.98B | 6.01B |
| Selling, General and Administrative Expense | 6.33B | 5.42B | 5.27B | 5.00B | 5.30B | 4.80B |
| Operating Income (Loss) | 2.09B | 309.00M | 1.29B | 2.42B | 3.17B | 673.00M |
| Income Tax Expense (Benefit) | 544.00M | -331.00M | 219.00M | 548.00M | 613.00M | 193.00M |
| Net Income (Loss) Attributable to Parent | 1.76B | 547.00M | 1.19B | 1.74B | 2.18B | 418.00M |
| Earnings Per Share, Basic | $8.03 | $2.55 | $5.32 | $7.74 | $9.64 | $1.87 |
| Weighted Average Number of Shares Outstanding, Basic | 219.80M | 224.00M | 223.30M | 225.20M | 226.40M | 231.70M |
| Earnings Per Share, Diluted | $8.00 | $2.54 | $5.32 | $7.72 | $9.61 | $1.87 |
| Weighted Average Number of Shares Outstanding, Diluted | 220.40M | 224.60M | 223.70M | 225.80M | 227.20M | 232.90M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 9.66B | 9.49B | 8.71B | 8.56B | 7.50B | 8.29B |
| Assets, Current | 67.03B | 63.00B | 63.78B | 63.32B | 61.12B | 58.94B |
| Assets | 125.83B | 121.49B | 122.75B | 121.94B | 119.72B | 116.89B |
| Long-term Debt | 31.12B | 31.90B | — | — | — | 30.87B |
| Liabilities, Current | 45.31B | 41.03B | 40.88B | 43.83B | 42.70B | 40.58B |
| Long-term Debt, Excluding Current Maturities | 30.77B | 30.80B | 31.17B | 28.18B | 28.11B | 29.22B |
| Liabilities | 81.78B | 77.47B | 78.67B | 78.09B | 77.10B | 75.46B |
| Stockholders' Equity Attributable to Parent | 43.90B | 43.88B | 43.95B | 43.72B | 42.50B | 41.31B |
| Common Stock, Shares, Outstanding | 217.37M | 220.72M | 222.04M | 224.84M | 225.64M | 227.48M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 4.33B | 84.00M | 4.21B | 3.07B | 1.02B | 706.00M |
| Payments to Acquire Property, Plant, and Equipment | 235.00M | 293.00M | 823.00M | 463.00M | 196.00M | 322.00M |
| Net Cash Provided by (Used in) Investing Activities | -1.64B | 464.00M | -1.81B | -584.00M | 103.00M | -1.64B |
| Payments for Repurchase of Common Stock | 1.12B | 471.00M | 2.13B | 1.26B | 880.00M | 1.81B |
| Payments of Dividends | 376.00M | 377.00M | 376.00M | 385.00M | 386.00M | 373.00M |
| Net Cash Provided by (Used in) Financing Activities | -2.52B | 236.00M | -1.97B | -2.22B | -1.91B | 1.41B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ELV CIK 0001156039),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.