Elevance Health revenue and financials
$394.51Change from previous close: +2.09%Absolute change: +$8.08
In the fiscal year ended December 2025, Elevance Health reported revenue of $199.13B (+12.49% year over year). Net income was $5.66B, a net margin of 2.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +12.49%
- 2025 vs 2024
- Net income growth
- −5.32%
- 2025 vs 2024
- Net margin
- 2.8%
- 2024: 3.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 199,125 | 177,011 | 171,340 | 156,595 | 138,639 | 121,867 | 104,213 | 92,105 | 90,040 | 84,863 |
| Cost of revenue | 21,178 | 19,750 | 17,293 | 13,035 | 10,895 | 8,953 | 1,992 | 0.0 | 0.0 | — |
| Selling, general and administrative | — | — | — | 17,686 | 15,914 | — | — | — | — | — |
| Operating income | 7,199 | 7,862 | 8,499 | 8,452 | 7,489 | 6,360 | 5,999 | 5,426 | 4,175 | 4,801 |
| EBIT | 8,297 | 9,863 | 9,889 | 8,462 | 9,027 | — | — | — | — | — |
| EBITDA | 9,040 | 10,522 | 10,949 | 9,538 | 9,844 | — | — | — | — | — |
| Interest expense | 1,403 | 1,185 | 1,030 | 851 | 798 | 784 | 746 | 753 | 739 | 723 |
| Pre-tax income | 6,710 | 7,904 | 7,715 | 7,600 | 7,995 | — | — | — | — | — |
| Income tax | 1,049 | 1,933 | 1,724 | 1,750 | 1,830 | 1,666 | 1,178 | 1,318 | 121 | 2,085 |
| Net income | 5,662 | 5,980 | 5,987 | 6,025 | 6,104 | 4,572 | 4,807 | 3,750 | 3,843 | 2,470 |
| Net income to common shareholders | 5,662 | 5,980 | 5,987 | 5,894 | 6,158 | — | — | — | — | — |
| Basic EPS | 25.28 | 25.81 | 25.38 | 25.10 | 25.04 | 18.23 | 18.81 | 14.53 | 14.70 | 9.39 |
| Diluted EPS | 25.21 | 25.68 | 25.22 | 24.81 | 24.73 | 17.98 | 18.47 | 14.19 | 14.35 | 9.21 |
| Average shares (basic) | 224 | 232 | 236 | 240 | 244 | — | — | — | — | — |
| Average shares (diluted) | 225 | 233 | 237 | 243 | 247 | 254 | 260 | 264 | 268 | 268 |
| Dividend per share | 6.84 | 6.52 | 5.92 | 5.12 | 4.52 | — | — | — | — | — |