Elevance Health, Inc. ELV

396.09 (2.16) (0.54%) as of 25 Sep
Market cap
$86.4B
P/E
17.6×
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Elevance Health, Inc. (ELV) Operating margin

Elevance Health, Inc.'s operating margin over the twelve months to 30 June 2026 was 3.63%, down 0.4 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 1.93% and above the Healthcare sector median of 0.00%.

Operating margin, annual

Annual

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

Period Operating margin Change (points)
Jun 2026 4.56% (0.74)
Mar 2026 5.30% 4.13
Dec 2025 1.17% (2.29)
Sep 2025 3.46% (1.83)
42 more quarters

Against its own ten years

Low 4.07% High 6.66%
Ten-year median 5.79%
Current reading's percentile 9

Operating margin against peers

Company Operating margin
UNH UnitedHealth Group Incorporated compare 4.82%
OSCR Oscar Health, Inc. compare 4.11%
ELV Elevance Health, Inc. 3.63%
CI Cigna Group compare 3.53%
CVS CVS Health Corporation compare 2.00%
HUM Humana Inc. compare 1.86%
MOH Molina Healthcare, Inc compare 0.46%
CLOV Clover Health Investments, Corp. compare −0.74%
CNC Centene Corporation compare −2.78%
Healthcare Plans industry median 1.93%
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

The full definition of Operating margin →

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