Elevance Health (ELV) FCF Margin (2010 - 2026)
Elevance Health (ELV) posted quarterly FCF Margin of 3.94% for Q2 2026, down 39.0% year-over-year from 6.46% in Q2 2025, and down 60.56% quarter-over-quarter from 9.99% in Q1 2026.
Elevance Health (ELV) FCF Margin (2010 - 2026) Analysis & Trends
Elevance Health (ELV) has reported FCF Margin for 17 consecutive years, with 3.94% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin fell 39.0% year-over-year to 3.94%; the TTM figure through Jun 2026 stood at 3.45% (down 13.0% YoY), while the FY2025 annual figure was 1.59%, down 156.0% from the prior year.
- FCF Margin declined to 3.94% in Q2 2026 per ELV's latest filing, from 9.99% in the prior quarter.
- Across five years, FCF Margin topped out at 14.72% in Q1 2023 and bottomed at 10.54% in Q4 2022.
- Historically, FCF Margin has averaged 3.68% across 5 years, with a median of 4.16% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin sank 1318 bps — and 2023, when it jumped 872 bps.
- Elevance Health's FCF Margin stood at 10.54% in 2022, then surged by 51 bps to 5.18% in 2023, then surged by 153 bps to 2.75% in 2024, then plunged by 115 bps to 0.42% in 2025, then soared by 1038 bps to 3.94% in 2026.
- Business Quant data shows ELV's FCF Margin at 3.94% in Q2 2026, 9.99% in Q1 2026, and 0.42% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 9.15% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 5.33% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 3.22% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 4.49% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 6.38% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | -2.98% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 42.63% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | -2.06% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 3.30% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 12.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.94% |
| Mar 31, 2026 | 9.99% |
| Dec 31, 2025 | -0.42% |
| Sep 30, 2025 | 1.55% |
| Jun 30, 2025 | 4.33% |
| Mar 31, 2025 | 1.68% |
| Dec 31, 2024 | 2.75% |
| Sep 30, 2024 | 5.24% |
| Jun 30, 2024 | 0.28% |
| Mar 31, 2024 | 3.99% |
| Dec 31, 2023 | -5.18% |
| Sep 30, 2023 | 5.40% |
| Jun 30, 2023 | 4.37% |
| Mar 31, 2023 | 14.72% |
| Dec 31, 2022 | -10.54% |
| Sep 30, 2022 | 11.66% |
| Jun 30, 2022 | 6.52% |
| Mar 31, 2022 | 6.00% |
| Dec 31, 2021 | 2.65% |
| Sep 30, 2021 | 6.27% |