Elevance Health (ELV) EBITDA Margin (2009 - 2026)
Elevance Health (ELV) posted quarterly EBITDA Margin of 1.71% for Q2 2026, up 53.0% year-over-year from 1.11% in Q2 2025, and down 8.54% quarter-over-quarter from 1.86% in Q1 2026.
Elevance Health (ELV) EBITDA Margin (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has reported EBITDA Margin for 18 consecutive years, with 1.71% the latest figure, recorded in Q2 2026.
- In Q2 2026, EBITDA Margin rose 53.0% year-over-year to 1.71%; the TTM figure through Jun 2026 stood at 1.42% (down 3.0% YoY), while the FY2025 annual figure was 1.1%, down 32.0% from the prior year.
- EBITDA Margin retreated to 1.71% in Q2 2026 per ELV's latest filing, from 1.86% in the prior quarter.
- Across five years, EBITDA Margin topped out at 3.78% in Q4 2024 and bottomed at 0.83% in Q4 2023.
- Historically, EBITDA Margin has averaged 1.37% across 5 years, with a median of 1.16% in 2023.
- Annual changes were most pronounced in 2024 — EBITDA Margin soared 295 bps — and 2025, when it slumped 279 bps.
- Elevance Health's EBITDA Margin stood at 2.16% in 2022, then tumbled by 62 bps to 0.83% in 2023, then jumped by 354 bps to 3.78% in 2024, then plunged by 74 bps to 0.99% in 2025, then surged by 72 bps to 1.71% in 2026.
- Business Quant data shows ELV's EBITDA Margin at 1.71% in Q2 2026, 1.86% in Q1 2026, and 0.99% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 7.13% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 4.43% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 1.39% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 3.77% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 2.50% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 1.33% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 7.96% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 3.74% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 3.77% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 11.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.71% |
| Mar 31, 2026 | 1.86% |
| Dec 31, 2025 | 0.99% |
| Sep 30, 2025 | 1.25% |
| Jun 30, 2025 | 1.18% |
| Mar 31, 2025 | 1.21% |
| Dec 31, 2024 | 3.78% |
| Sep 30, 2024 | 1.23% |
| Jun 30, 2024 | 1.16% |
| Mar 31, 2024 | 1.09% |
| Dec 31, 2023 | 0.83% |
| Sep 30, 2023 | 1.16% |
| Jun 30, 2023 | 1.14% |
| Mar 31, 2023 | 0.92% |
| Dec 31, 2022 | 2.16% |
| Sep 30, 2022 | 0.94% |
| Jun 30, 2022 | 1.15% |
| Mar 31, 2022 | 0.95% |
| Dec 31, 2021 | 0.70% |
| Sep 30, 2021 | 0.94% |