Elevance Health (ELV) EBT Margin (2009 - 2026)
Elevance Health (ELV) posted EBT Margin of 3.84% for Q2 2026, down 0.77 percentage points from 4.60% a year earlier and down 0.75 percentage points from the prior quarter.
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Analysis
Elevance Health (ELV) EBT Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBT Margin at Elevance Health was 2.91%, down 0.82 percentage points year-over-year; for FY2025, it came in at 3.37%, down 1.10 percentage points from FY2024.
- Annual EBT Margin has declined for four consecutive years, with a five-year change of -1.75 percentage points (FY2020 to FY2025).
- In prior years, Elevance Health's EBT Margin was 4.47% in FY2024 (-0.04 pp), 4.50% in FY2023 (-0.35 pp), 4.85% in FY2022 (-0.91 pp) and 5.77% in FY2021 (+0.65 pp).
- Quarterly EBT Margin has run from a low of 0.43% in Q4 2025 to a high of 6.90% in Q1 2024 over five years.
- On a year-over-year basis, EBT Margin has declined in each of the last eight quarters, with an average year-over-year change of -1.04 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBT Margin in the past five years was Q3 2021, with a gain of 4.32 percentage points; the weakest was Q2 2025, with a drop of 2.20 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was 4.59% (Q1 2026), 0.43% (Q4 2025) and 2.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 339.33 Bn | 223.96 Bn | 36.67 Bn | 6.22% |
| 2 | Cvs Health | 111.30 Bn | 63.91 Bn | 47.23 Bn | 3.75% |
| 3 | Mckesson | 100.82 Bn | 87.28 Bn | 3.69 Bn | 1.24% |
| 4 | Elevance Health | 85.16 Bn | -56.58 Bn | 13.45 Bn | 3.84% |
| 5 | Cigna | 72.72 Bn | 42.26 Bn | 14.97 Bn | 3.15% |
| 6 | Cencora | 58.70 Bn | 47.79 Bn | 3.61 Bn | 1.18% |
| 7 | Cardinal Health | 52.08 Bn | 36.08 Bn | 2.56 Bn | 0.87% |
| 8 | Humana | 46.46 Bn | -41.34 Bn | 5.50 Bn | 2.33% |
| 9 | Centene | 30.74 Bn | -59.55 Bn | 14.55 Bn | 2.77% |
| 10 | Molina Healthcare | 9.85 Bn | -25.02 Bn | 1.43 Bn | 0.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.84% |
| Mar 31, 2026 | 4.59% |
| Dec 31, 2025 | 0.43% |
| Sep 30, 2025 | 2.77% |
| Jun 30, 2025 | 4.60% |
| Mar 31, 2025 | 5.72% |
| Dec 31, 2024 | 1.33% |
| Sep 30, 2024 | 3.04% |
| Jun 30, 2024 | 6.80% |
| Mar 31, 2024 | 6.90% |
| Dec 31, 2023 | 2.35% |
| Sep 30, 2023 | 3.86% |
| Jun 30, 2023 | 5.59% |
| Mar 31, 2023 | 6.21% |
| Dec 31, 2022 | 2.62% |
| Sep 30, 2022 | 5.33% |
| Jun 30, 2022 | 5.49% |
| Mar 31, 2022 | 6.05% |
| Dec 31, 2021 | 4.02% |
| Sep 30, 2021 | 5.57% |
API Access
Elevance Health EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "ELV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();