ELV Q4 2025 Earnings — Elevance Health Inc. Revenue & Financial Results | Market Cap Arena

ELVElevance Health Inc.

$64B

Q4 2025 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$49.7B+9.5% YoY

Gross Profit

$11.7B23.5% margin

Operating Income

$581M1.2% margin

Net Income

$547M1.1% margin

EPS (Diluted)

$2.47

QoQ Revenue Growth

-1.9%

Cash Flow

Operating Cash Flow

$84M

Free Cash Flow

-$209M

Stock-Based Comp.

$30M

Balance Sheet

Total Assets

$121.5B

Total Liabilities

$77.5B

Stockholders' Equity

$43.9B

Cash & Equivalents

$9.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$49.7B	$45.4B	+9.5%
Gross Profit	$11.7B	$11.9B	-2.2%
Operating Income	$581M	$946M	-38.6%
Net Income	$547M	$418M	+30.9%

Revenue Segments

Health Benefits Segment

$41.8B69%

Carelon Services Segment

$18.7B31%