ELV Q1 2024 Earnings — Elevance Health Inc. Revenue & Financial Results | Market Cap Arena

ELVElevance Health Inc.

$64B

Q1 2024 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$42.6B+1.0% YoY

Gross Profit

$12.0B28.3% margin

Operating Income

$3.2B7.5% margin

Net Income

$2.2B5.3% margin

EPS (Diluted)

$9.59

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$2.0B

Free Cash Flow

$1.7B

Stock-Based Comp.

$62M

Balance Sheet

Total Assets

$111.9B

Total Liabilities

$71.2B

Stockholders' Equity

$40.6B

Cash & Equivalents

$6.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$42.6B	$42.2B	+1.0%
Gross Profit	$12.0B	$11.4B	+5.7%
Operating Income	$3.2B	$2.9B	+11.6%
Net Income	$2.2B	$2.0B	+12.9%

Revenue Segments

Health Benefits Segment

$37.3B61%

Carelon Services Segment

$24.2B39%