Elevance Health, Inc. financials

Key figures from Elevance Health, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Jun 2025Change
Revenue$50.5B$49.8B+1.4%
Net income$1.5B$1.7B-16.1%
Free cash flow$1.6B$1.8B-9.0%
Gross margin89.1%89.4%-0.2 pts
Operating margin3.5%4.9%-1.4 pts
Net margin2.9%3.5%-0.6 pts

Quarterly trend

Revenue by quarter
$42.8BSep 2023$42.6BDec 2023*$42.6BMar 2024$43.9BJun 2024$45.1BSep 2024$45.4BDec 2024*$48.9BMar 2025$49.8BJun 2025$50.7BSep 2025$49.7BDec 2025*$50.2BMar 2026$50.5BJun 2026
Net income by quarter
$1.3BSep 2023$856MDec 2023*$2.2BMar 2024$2.3BJun 2024$1.0BSep 2024$418MDec 2024*$2.2BMar 2025$1.7BJun 2025$1.2BSep 2025$547MDec 2025*$1.8BMar 2026$1.5BJun 2026
Free cash flow by quarter
$2.3BSep 2023-$3.3BDec 2023*$1.7BMar 2024$124MJun 2024$2.3BSep 2024$384MDec 2024*$821MMar 2025$1.8BJun 2025$775MSep 2025-$209MDec 2025*$4.1BMar 2026$1.6BJun 2026
Margins by quarter
0%52%105%Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 202689.2%88.7%91.0%89.0%88.7%86.8%89.8%89.4%89.4%88.9%89.1%89.1%4.1%3.0%7.1%6.3%3.1%1.5%6.5%4.9%2.6%0.6%4.2%3.5%3.0%2.0%5.3%5.2%2.3%0.9%4.5%3.5%2.3%1.1%3.5%2.9%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$199.1B$5.7B2.8%$3.2B$25.21
FY Dec 2024$177.0B$6.0B3.4%$4.6B$25.68
FY Dec 2023$171.3B$6.0B3.5%$6.8B$25.22
FY Dec 2022$156.6B$5.9B3.8%$7.2B$24.28
FY Dec 2021$138.6B$6.2B4.4%$7.3B$24.95

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.