stockrowElevance 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.
- Revenue
- +1.42%
- EPS
- +17.9%
- Free cash flow
- +29.0%
- Total debt
- −3.65%
Quarter to September 2026, against a year earlier
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Elevance Health, Inc. (ELV) Operating margin
Elevance Health, Inc.'s operating margin over the twelve months to 30 September 2026 was 3.81%, down 0.3 percentage points from fiscal 2025 (4.07%). Over the past ten years it has ranged from 4.07% (fiscal 2025) to 6.66% (fiscal 2015) — the current reading is the lowest in ten years. That is above the Healthcare Plans industry median of 2.48% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 4.07% | (1.06) |
| FY2024 | 5.13% | 0.03 |
| FY2023 | 5.10% | (0.30) |
| FY2022 | 5.40% | (0.96) |
| FY2021 | 6.36% | 0.57 |
| FY2020 | 5.79% | (0.67) |
| FY2019 | 6.46% | 0.13 |
| FY2018 | 6.33% | 0.79 |
| FY2017 | 5.54% | (0.68) |
| FY2016 | 6.22% | (0.44) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 4.18% | (0.38) |
| Jun 2026 | 4.56% | (0.74) |
| Mar 2026 | 5.30% | 4.13 |
| Dec 2025 | 1.17% | (2.29) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| PGNY Progyny, Inc. compare | 9.40% |
| OSCR Oscar Health, Inc. compare | 5.36% |
| UNH UnitedHealth Group Incorporated compare | 5.32% |
| ELV Elevance Health, Inc. | 3.81% |
| CVS CVS Health Corporation compare | 3.58% |
| CI Cigna Group compare | 3.41% |
| HUM Humana Inc. compare | 1.54% |
| CNC Centene Corporation compare | 0.49% |
| MOH Molina Healthcare, Inc compare | 0.39% |
| Healthcare Plans industry median | 2.48% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on ELV
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement