ELV Q3 2025 Earnings — Elevance Health Inc. Revenue & Financial Results | Market Cap Arena

ELVElevance Health Inc.

$64B

Q3 2025 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$50.7B+12.3% YoY

Gross Profit

$12.6B24.8% margin

Operating Income

$1.8B3.5% margin

Net Income

$1.2B2.3% margin

EPS (Diluted)

$5.32

QoQ Revenue Growth

+1.9%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$775M

Stock-Based Comp.

$84M

Balance Sheet

Total Assets

$122.7B

Total Liabilities

$78.7B

Stockholders' Equity

$44.0B

Cash & Equivalents

$8.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$50.7B	$45.1B	+12.3%
Gross Profit	$12.6B	$12.2B	+3.1%
Operating Income	$1.8B	$1.7B	+2.6%
Net Income	$1.2B	$1.0B	+17.0%

Revenue Segments

Health Benefits Segment

$42.2B70%

Carelon Services Segment

$18.3B30%