Elevance Health (ELV) EBT Margin (2009 - 2026)
Elevance Health (ELV) posted quarterly EBT Margin of 4.69% for Q2 2026, down 86.0% year-over-year from 33.52% in Q2 2025, and down 16.45% quarter-over-quarter from 5.62% in Q1 2026.
Elevance Health (ELV) EBT Margin (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has reported EBT Margin for 18 consecutive years, with 4.69% the latest figure, recorded in Q2 2026.
- In Q2 2026, EBT Margin fell 86.0% year-over-year to 4.69%; the TTM figure through Jun 2026 stood at 3.22% (down 153.0% YoY), while the FY2025 annual figure was 3.37%, down 211.0% from the prior year.
- EBT Margin eased to 4.69% in Q2 2026 per ELV's latest filing, from 5.62% in the prior quarter.
- Across five years, EBT Margin topped out at 6.9% in Q1 2024 and bottomed at 0.43% in Q4 2025.
- Historically, EBT Margin has averaged 4.9% across 5 years, with a median of 5.58% in 2025.
- Annual changes were most pronounced in 2022 — EBT Margin jumped 314 bps — and 2023, when it slumped 449 bps.
- Elevance Health's EBT Margin stood at 6.06% in 2022, then slumped by 74 bps to 1.57% in 2023, then soared by 176 bps to 4.34% in 2024, then plunged by 90 bps to 0.43% in 2025, then jumped by 986 bps to 4.69% in 2026.
- Business Quant data shows ELV's EBT Margin at 4.69% in Q2 2026, 5.62% in Q1 2026, and 0.43% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 6.22% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 3.75% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 3.84% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 2.33% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 2.77% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 0.84% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 7.85% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 2.83% |
| 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 | 11.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.69% |
| Mar 31, 2026 | 5.62% |
| Dec 31, 2025 | 0.43% |
| Sep 30, 2025 | 2.81% |
| Jun 30, 2025 | 5.55% |
| Mar 31, 2025 | 5.72% |
| Dec 31, 2024 | 4.34% |
| Sep 30, 2024 | 3.07% |
| Jun 30, 2024 | 6.80% |
| Mar 31, 2024 | 6.90% |
| Dec 31, 2023 | 1.57% |
| Sep 30, 2023 | 3.89% |
| Jun 30, 2023 | 6.67% |
| Mar 31, 2023 | 6.25% |
| Dec 31, 2022 | 6.06% |
| Sep 30, 2022 | 5.37% |
| Jun 30, 2022 | 6.42% |
| Mar 31, 2022 | 6.05% |
| Dec 31, 2021 | 2.92% |
| Sep 30, 2021 | 5.57% |