Elevance Health (ELV) EBT Margin (2009 - 2026)
Elevance Health's (ELV) quarterly EBT Margin came in at 4.69% in Q2 2026, down 86.0% year-on-year from 33.52% in Q2 2025, and down 16.45% on a QoQ basis from 5.62% in Q1 2026.
Elevance Health (ELV) EBT Margin (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has 18 years of EBT Margin data on file, last reported at 4.69% in Q2 2026.
- On a quarterly basis, EBT Margin fell 86.0% year-over-year to 4.69% in Q2 2026; TTM through Jun 2026 was 3.22%, a 153.0% decrease from a year earlier, with the FY2025 full-year figure at 3.37%, down 211.0% from the prior year.
- EBT Margin for Q2 2026 stood at 4.69%, down from 5.62% in the prior quarter.
- Over the last five years, EBT Margin for ELV reached as high as 6.9% in Q1 2024 and fell as low as 0.43% in Q4 2025.
- Historically, EBT Margin has averaged 4.9% across 5 years, with a median of 5.58% in 2025.
- Across the five-year window, EBT Margin surged 314 bps in 2022 and plunged 449 bps in 2023, its largest moves.
- Year by year, EBT Margin stood at 6.06% in 2022, then slumped by 74 bps to 1.57% in 2023, then surged by 176 bps to 4.34% in 2024, then plunged by 90 bps to 0.43% in 2025, then soared by 986 bps to 4.69% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 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 | 384.70 Bn | 354.90 Bn | 38.23 Bn | 7.13% |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 11.65% |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 4.69% |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 23.13% |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 4.02% |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 4.70% |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 0.84% |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 15.04% |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 0.93% |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 11.23% |
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% |