Elevance Health (ELV) Gross Margin (2009 - 2026)
Elevance Health (ELV) reported Gross Margin of 28.04% for Q1 2026, down 6177.0% year-over-year from 0.46% in Q1 2025, and down 69.68% quarter-over-quarter from 92.5% in Q4 2025.
Elevance Health (ELV) Gross Margin (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has 18 years of Gross Margin data on file, last reported at 28.04% in Q1 2026.
- Gross Margin for Q1 2026 came in at 28.04%, down 6177.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 60.54% (down 7206.0% YoY), and the FY2025 annual result was 89.28%, up 44.0% from the prior year.
- Gross Margin slipped to 28.04% in Q1 2026 per ELV's latest filing, from 92.5% in the prior quarter.
- Over five years, Gross Margin peaked at 263.54% in Q4 2024 and troughed at 169.47% in Q4 2023.
- A 5-year average of 64.53% and a median of 88.61% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 26308 bps in 2023, then soared 43301 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 93.6% in 2022, then plunged by 281 bps to 169.47% in 2023, then jumped by 256 bps to 263.54% in 2024, then tumbled by 65 bps to 92.5% in 2025, then plunged by 70 bps to 28.04% in 2026.
- Business Quant data shows ELV's Gross Margin at 28.04% in Q1 2026, 92.5% in Q4 2025, and 8.74% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 88.52% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 13.12% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 28.04% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 10.61% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 98.59% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 14.13% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | -56,385.78% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 11.08% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 20.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.04% |
| Dec 31, 2025 | 92.50% |
| Sep 30, 2025 | 8.74% |
| Jun 30, 2025 | 89.29% |
| Mar 31, 2025 | 89.81% |
| Dec 31, 2024 | 263.54% |
| Sep 30, 2024 | 88.61% |
| Jun 30, 2024 | 88.85% |
| Mar 31, 2024 | 91.02% |
| Dec 31, 2023 | -169.47% |
| Sep 30, 2023 | 86.82% |
| Jun 30, 2023 | 88.17% |
| Mar 31, 2023 | 91.75% |
| Dec 31, 2022 | 93.60% |
| Sep 30, 2022 | 26.34% |
| Jun 30, 2022 | 25.46% |
| Mar 31, 2022 | 13.89% |
| Dec 31, 2021 | 91.20% |
| Sep 30, 2021 | 25.62% |
| Jun 30, 2021 | 13.21% |