Elevance Health revenue and financials
$400.09Change from previous close: +1.41%Absolute change: +$5.58
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,913 | 4,332 | 84.0 | 1,135 | 2,054 | 1,017 | 706 | 2,677 | 447 | 1,978 | -2,971 | 2,613 |
| Depreciation and amortization | 366 | 354 | -397 | 387 | 380 | 373 | -336 | 329 | 335 | 331 | -261 | 426 |
| Capital expenditure | -287 | -235 | -293 | -360 | -267 | — | — | — | — | — | — | — |
| Investing cash flow | 159 | -1,642 | 464 | -1,224 | -687 | 103 | -1,638 | -401 | -818 | -2,310 | -1,029 | -687 |
| Financing cash flow | -1,494 | -2,515 | 236 | 243 | -308 | -1,909 | 1,408 | -915 | 668 | 32.0 | -394 | -994 |
| Dividends paid | -373 | -376 | -377 | -381 | -385 | -386 | -373 | -378 | -378 | -379 | -346 | -348 |
| Share repurchases | -234 | -1,124 | -471 | -876 | -378 | — | — | — | — | — | — | — |
| Debt issued | -70.0 | 1,037 | 1,557 | 3,540 | 261 | 836 | 5,037 | 48.0 | 1,338 | 1,562 | 339 | — |
| Debt repaid | -854 | -2,052 | -542 | -2,070 | 110 | — | — | — | — | — | — | — |
| Effect of exchange rates | -3.0 | -9.0 | -6.0 | -1.0 | 1.0 | 1.0 | -8.0 | 7.0 | -5.0 | — | 1.0 | -4.0 |
| Net change in cash | 575 | 166 | 778 | 153 | 1,060 | -788 | 422 | 1,369 | 271 | -300 | -4,393 | 928 |
| Free cash flow | 1,626 | 4,097 | -209 | 775 | 1,787 | 821 | 384 | 2,345 | 124 | 1,699 | -3,297 | 2,294 |
| Levered free cash flow | 1,357 | 2,329 | 1,653 | -1,272 | 1,424 | 1,430 | 3,786 | 5,678 | -3,198 | 838 | -4,339 | 1,865 |