Invesaro

Stocks Health care ELV

NYSE · Health care

Elevance Health, Inc. (ELV)

Elevance Health, Inc. brought in $201.1B of revenue over the twelve months to June 30, 2026, up 6.3% from a year earlier. Net income was $5B, a net margin of 2.5%. Operating cash flow minus capital spending left $3.2B of free cash flow in fiscal 2025. At June 30, 2026 it held $10.2B in cash against $31B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 15, 2026.

Price
$394.51
+2.09% on the day · October 5, 2026
52-week range $274.84 to $436.24
Market cap
$85.6B
Revenue (last 12 months)
$201.1B
+6.3% year on year
Net margin
2.5%
P/E
15.7
on FY2025 diluted EPS

Key facts about Elevance Health, Inc.

Net worth
Elevance Health, Inc. has a market value (market cap) of $85.6B at the latest share price, and shareholders' equity of $44.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $199.1B (+12.5% year on year), with net income of $5.7B. Over the 12 months to June 30, 2026: revenue $201.1B, net income $5B.
Cash flow
In fiscal 2025 operations brought in $4.3B of cash; after $1.1B of capital spending, free cash flow was $3.2B.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 15, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
Elevance Health, Inc.'s next report is expected around October 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

What Elevance Health, Inc. does

Elevance Health provides commercial, Medicare, and Medicaid health insurance plans as well as integrated health services. It offers medical, pharmacy, dental, and behavioral healthcare coverage to individual consumers, employers, and government program participants. Its shares trade on NYSE under the ticker ELV.

Revenue and profit by year

Revenue
FY18: $92.1B $92.1B FY18FY19: $104.2B $104.2B FY19FY20: $121.9B $121.9B FY20FY21: $138.6B $138.6B FY21FY22: $156.6B $156.6B FY22FY23: $171.3B $171.3B FY23FY24: $177B $177B FY24FY25: $199.1B $199.1B FY25
Net income
FY18: $3.8B $3.8B FY18FY19: $4.8B $4.8B FY19FY20: $4.6B $4.6B FY20FY21: $6.2B $6.2B FY21FY22: $5.9B $5.9B FY22FY23: $6B $6B FY23FY24: $6B $6B FY24FY25: $5.7B $5.7B FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$199.1B$7.2B$5.7B$25.21$3.2B
2024$177B$7.9B$6B$25.68$4.6B
2023$171.3B$8.5B$6B$25.22$6.8B
2022$156.6B$8.3B$5.9B$24.28$7.2B
2021$138.6B$7.6B$6.2B$24.95$7.3B
2020$121.9B$6.4B$4.6B$17.98$9.7B

Full financial statements: income, balance sheet and cash flow

Next report expected around October 20, 2026.

Estimated from its filing rhythm: 52 weeks after its report of October 21, 2025. Not a date the company has announced. See the report calendar

Where ELV ranks in Health care

Revenue$199.1B
#6 of 750 in Health care · Top 1%
Revenue growth+12.5%
#252 of 532 in Health care · Top 47%
Net margin2.8%
#184 of 543 in Health care · Top 34%
Free cash flow margin1.6%
#223 of 489 in Health care · Top 45%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Dividends

It paid out $1.5B in cash dividends, 27% of its net income.

Fiscal yearPer sharePaid outOf profit
2025n/a$1.5B27%
2024n/a$1.5B25%
2023$5.92$1.4B23%
2022$5.12$1.2B21%
2021$4.52$1.1B18%
2020$3.80$954M21%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Elevance Health, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 10, 2026
  2. July 15, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 1.4% to $50.5B versus the same quarter last year; diluted EPS $6.71 versus $7.72.
  3. July 15, 2026
  4. June 17, 2026
  5. June 17, 2026
  6. June 10, 2026
  7. May 13, 2026
  8. April 29, 2026
  9. April 22, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 2.6% to $50.2B versus the same quarter last year; diluted EPS $8.00 versus $9.61.
  10. April 22, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 4, 2026. Insider transactions on SEC

What is ELV worth? A DCF from its reported cash flow

Insider trades

What the people running Elevance Health, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $1.4M worth of shares on the open market in the last 90 days and sold none.

Bought (open market)
$1.4M
last 90 days
Sold
$0
last 90 days
Net bought
3,725
$1.4M
DateInsiderWhatSharesPriceValueFiling
September 3, 2026 Wessling Erin MEVP & Chief Legal Officer Shares withheld for tax 255 $414.78 $105.8K Form 4
September 2, 2026 Craig Ryan REVP & Chief HR Officer Shares withheld for tax 144 $405.84 $58.4K Form 4
September 2, 2026 Wessling Erin MEVP & Chief Legal Officer Shares withheld for tax 94 $405.84 $38.1K Form 4
July 17, 2026 Peru Ramiro GDirector Bought 1,000 $366.05 $366.1K Form 4
July 17, 2026 Boudreaux GailPresident and CEO, Director Bought 680 $366.41 $249.2K Form 4
July 17, 2026 Boudreaux GailPresident and CEO, Director Bought 2,045 $368.25 $753.1K Form 4
June 12, 2026 Penczek Ronald WCAO & Controller Sold 369 $403.16 $148.8K Form 4
June 11, 2026 Dixon Robert L JRDirector Sold 151 $401.77 $60.7K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ELV

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Vanguard Capital Management13G, passive 7.13% 16,601,224 April 29, 2026

Latest filings below 5%: The Vanguard Group 0% (March 26, 2026); T. Rowe Price Associates, Inc. 4.4% (November 14, 2024).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,604 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.18,991,090$7.34B-896,021
Vanguard Capital Management LLC14,058,204$5.44B-287,255
State Street Corp10,426,610$4.03B+137,914
Wellington Management Group Llp9,213,513$3.56B+984,976
First Eagle Investment Management, LLC8,376,392$3.24B+4,244,101
Vanguard Portfolio Management LLC6,214,356$2.4B-141,721
Sanders Capital, LLC5,825,024$2.25B-69,279
Geode Capital Management, LLC5,166,124$1.99B-26,583
Harris Associates L P4,924,511$1.9B+127,985
Artisan Partners Limited Partnership4,581,222$1.77B-545,953
Invesco Ltd.4,234,231$1.64B-583,179
Norges Bank3,958,856$1.53Bnew
Bank of New York Mellon Corp3,222,787$1.25B+377,507
Fmr LLC3,131,652$1.21B+1,155,933
Morgan Stanley2,605,764$1.01B-23,340
Northern Trust Corp2,114,986$817.9M-43,039
Citigroup Inc2,096,863$810.9M+1,858,013
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC2,065,537$798.8M-453,078
Hotchkis & Wiley Capital Management LLC2,016,200$779.7M-175,363
Goldman Sachs Group Inc2,005,613$775.6M+529,430

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

19 insiders reported holding 378,484 shares in total, about $149.3M at the last price.

HolderSharesAs of
Boudreaux GailPresident and CEO, Director 171,976 July 17, 2026
Norwood Felicia FEVP &Chief Health Benefits Ofr 38,838 March 3, 2026
Kaye MarkEVP & CFO 32,037 March 3, 2026
Haytaian Peter DEVP & Pres Carelon & CarelonRx 27,222 March 3, 2026
Lavu RatnakarEVP & Chief Digital Info Ofr 16,149 March 3, 2026
Hay Lewis IIIDirector 12,070 May 13, 2026
Kendrick Charles Morgan JREVP & President, Commercial 11,791 March 6, 2026
Peru Ramiro GDirector 10,908 July 17, 2026
Dixon Robert L JRDirector 10,734 June 11, 2026
Wessling Erin MEVP & Chief Legal Officer 7,230 September 3, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ELV

What does Elevance Health, Inc. do?

Elevance Health provides commercial, Medicare, and Medicaid health insurance plans as well as integrated health services. It offers medical, pharmacy, dental, and behavioral healthcare coverage to individual consumers, employers, and government program participants. Its shares trade on NYSE under the ticker ELV.

What is Elevance Health, Inc.'s net worth?

Elevance Health, Inc. has a market value (market cap) of $85.6B at the latest share price, and shareholders' equity of $44.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Elevance Health, Inc. profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $5B on revenue of $201.1B, a net margin of 2.5%.

How much revenue does Elevance Health, Inc. make?

Over the twelve months to June 30, 2026 Elevance Health, Inc. reported revenue of $201.1B. That is 6.3% more than a year earlier.

When did Elevance Health, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on July 15, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the investor disclosure from September 10, 2026.

When is Elevance Health, Inc.'s next earnings report?

Elevance Health, Inc.'s next report is expected around October 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

Similar companies

Compare ELV with

Compare ELV with any company

Follow ELV

Get an email when Elevance Health, Inc. files with the SEC: results, executive changes, material agreements and annual reports.

Follow ELV: get an email when it files

Where the numbers come from

Financial figures are the values Elevance Health, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.