ELV Q2 2025 Earnings — Elevance Health Inc. Revenue & Financial Results | Market Cap Arena

ELVElevance Health Inc.

$64B

Q2 2025 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$49.8B+14.0% YoY

Gross Profit

$13.1B26.3% margin

Operating Income

$2.6B5.3% margin

Net Income

$1.7B3.5% margin

EPS (Diluted)

$7.72

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$2.1B

Free Cash Flow

$1.8B

Stock-Based Comp.

$81M

Balance Sheet

Total Assets

$121.9B

Total Liabilities

$78.1B

Stockholders' Equity

$43.7B

Cash & Equivalents

$8.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$49.8B	$43.6B	+14.0%
Gross Profit	$13.1B	$13.1B	-0.0%
Operating Income	$2.6B	$3.0B	-13.0%
Net Income	$1.7B	$2.3B	-24.2%

Revenue Segments

Health Benefits Segment

$41.6B70%

Carelon Services Segment

$18.1B30%