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ELV (Elevance Health Inc.) Stock Financials & Earnings | Market Cap Arena
ELV
Elevance Health Inc.
Mkt Cap
$64B
Healthcare
·
Medical - Healthcare Plans
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$199.1B
Net Income (TTM)
$5.7B
EPS (TTM)
$25.12
Free Cash Flow (TTM)
$3.2B
Gross Margin
25.6%
Op. Margin
4.1%
Net Margin
2.8%
FCF Margin
1.6%
P/S Ratio (TTM)
0.3x
P/E Ratio (TTM)
11.3x
YoY Rev Growth
+12.6%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$42.2B
$11.4B
$2.9B
Q2 23
$43.7B
$12.1B
$2.7B
Q3 23
$42.8B
$12.2B
$1.9B
Q4 23
$42.6B
$11.3B
$1.3B
Q1 24
$42.6B
$12.0B
$3.2B
Q2 24
$43.6B
$13.1B
$3.0B
Q3 24
$45.1B
$12.2B
$1.7B
Q4 24
$45.4B
$11.9B
$946M
Q1 25
$48.9B
$13.6B
$3.1B
Q2 25
$49.8B
$13.1B
$2.6B
Q3 25
$50.7B
$12.6B
$1.8B
Q4 25
$49.7B
$11.7B
$581M
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Revenue Breakdown
ELV
Elevance Health Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.4x
10.5x
Q2 23
0.4x
10.1x
Q3 23
0.4x
10.7x
Q4 23
0.4x
10.7x
Q1 24
0.4x
10.3x
Q2 24
0.4x
9.6x
Q3 24
0.4x
10.0x
Q4 24
0.4x
10.7x
Q1 25
0.3x
10.8x
Q2 25
0.3x
11.9x
Q3 25
0.3x
11.6x
Q4 25
0.3x
11.3x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$6.5B
$6.2B
Q2 23
$1.9B
$1.6B
Q3 23
$2.6B
$2.3B
Q4 23
-$3.0B
-$3.3B
Q1 24
$2.0B
$1.7B
Q2 24
$447M
$124M
Q3 24
$2.7B
$2.3B
Q4 24
$706M
$384M
Q1 25
$1.0B
$821M
Q2 25
$2.1B
$1.8B
Q3 25
$1.1B
$775M
Q4 25
$84M
-$209M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$301M
Q2 23
$350M
Q3 23
$319M
Q4 23
$326M
Q1 24
$279M
Q2 24
$323M
Q3 24
$332M
Q4 24
$322M
Q1 25
$196M
Q2 25
$267M
Q3 25
$360M
Q4 25
$293M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+10.7%
+10.4%
Q2 23
+13.0%
+12.9%
Q3 23
+7.3%
+8.9%
Q4 23
+6.8%
+7.1%
Q1 24
+1.0%
+0.2%
Q2 24
-0.1%
-0.9%
Q3 24
+5.4%
+6.1%
Q4 24
+6.6%
+7.5%
Q1 25
+14.8%
+16.2%
Q2 25
+14.0%
+16.1%
Q3 25
+12.3%
+12.7%
Q4 25
+9.5%
+10.5%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$61M
0.1%
Q2 23
$78M
0.2%
Q3 23
$78M
0.2%
Q4 23
$72M
0.2%
Q1 24
$62M
0.1%
Q2 24
$92M
0.2%
Q3 24
$66M
0.1%
Q4 24
-$29M
-0.1%
Q1 25
$81M
0.2%
Q2 25
$81M
0.2%
Q3 25
$84M
0.2%
Q4 25
$30M
0.1%
marketcaparena.com
OpEx Breakdown
Quarter
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Revenue Segments
Quarter
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$10.1B
$0
$10.1B
Q2 23
$10.0B
$0
$10.0B
Q3 23
$10.9B
$0
$10.9B
Q4 23
$6.5B
$0
$6.5B
Q1 24
$6.2B
$0
$6.2B
Q2 24
$6.5B
$0
$6.5B
Q3 24
$7.9B
$0
$7.9B
Q4 24
$8.3B
$0
$8.3B
Q1 25
$7.5B
$0
$7.5B
Q2 25
$8.6B
$0
$8.6B
Q3 25
$8.7B
$0
$8.7B
Q4 25
$9.5B
$0
$9.5B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
240M
-0.6%
Q2 23
238M
-0.8%
Q3 23
237M
-0.5%
Q4 23
236M
-0.3%
Q1 24
234M
-0.7%
Q2 24
233M
-0.3%
Q3 24
233M
-0.1%
Q4 24
231M
-0.9%
Q1 25
227M
-1.7%
Q2 25
226M
-0.6%
Q3 25
226M
+0.0%
Q4 25
222M
-1.8%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$1M
52K
FY 15
$1M
53K
FY 16
$2M
53K
FY 17
$2M
56K
FY 18
$1M
64K
FY 19
$1M
71K
FY 20
$1M
83K
FY 21
$1M
98K
FY 22
$2M
102K
FY 23
$2M
105K
FY 24
$2M
104K
FY 25
$2M
97K
marketcaparena.com