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Saturday 17 October 2026 Export ELV’s income statement to Excel — free account

Elevance Health, Inc.

ELV Healthcare Healthcare Plans

Elevance Health, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $199.1 billion, up 12.5% from fiscal 2024. In the quarter to June 2026, revenue grew 1.40%, EPS fell 13.1%, free cash flow fell 9.01% and total debt rose 4.08%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.

428.26 0.17 −0.04%
Market cap
$92.9B
P/E
19.0×
Fwd P/E
20.3×
Dividend yield
1.60%
F-score
6/9
Altman Z
3.09
Beneish M
−2.26
Dividend safety
96/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Elevance Health, Inc. (ELV) Debt to equity

Alert me on Debt to equity

Elevance Health, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.7×, down 0.0× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.6× (fiscal 2020) to 0.7× (fiscal 2024); the current reading is higher than 91% of that period. That is in line with the Healthcare Plans industry median of 0.7× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.7× (2.76%)
FY2024 0.7× 17.93%
FY2023 0.6× (3.76%)
FY2022 0.7× 4.22%
FY2021 0.6× 4.37%
FY2020 0.6× (1.23%)
FY2019 0.6× (3.48%)
FY2018 0.6× (10.09%)
FY2017 0.7× 15.60%
FY2016 0.6× (8.42%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.7× (2.42%)
Mar 2026 0.7× (2.47%)
Dec 2025 0.7× 0.04%
Sep 2025 0.7× 6.47%
42 more quarters

Against its own ten years

Low 0.6× High 0.7×
Ten-year median 0.6×
Current reading's percentile 91

Debt to equity against peers

Company Debt to equity
CLOV Clover Health Investments, Corp. compare 0.0×
OSCR Oscar Health, Inc. compare 0.2×
UNH UnitedHealth Group Incorporated compare 0.7×
ELV Elevance Health, Inc. 0.7×
CNC Centene Corporation compare 0.7×
HUM Humana Inc. compare 0.7×
CI Cigna Group compare 0.7×
CVS CVS Health Corporation compare 0.8×
MOH Molina Healthcare, Inc compare 0.9×
Healthcare Plans industry median 0.7×
Healthcare sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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