Elevance Health (ELV) Gross Margin (2009 - 2026)

Elevance Health's (ELV) quarterly Gross Margin came in at 86.7% in Q2 2026, up 7563.0% year-on-year from 1.13% in Q2 2025, and up 557.53% on a QoQ basis from 13.18% in Q1 2026.

Elevance Health (ELV) Gross Margin (2009 - 2026) Analysis & Trends

Elevance Health (ELV) has 18 years of Gross Margin data on file, last reported at 86.7% in Q2 2026.

  • On a quarterly basis, Gross Margin rose 7563.0% year-over-year to 86.7% in Q2 2026; TTM through Jun 2026 was 35.59%, a 8291.0% decrease from a year earlier, with the FY2025 full-year figure at 25.56%, down 6074.0% from the prior year.
  • Gross Margin for Q2 2026 stood at 86.7%, up from 13.18% in the prior quarter.
  • Over the last five years, Gross Margin for ELV reached as high as 632.7% in Q4 2024 and fell as low as 75.84% in Q4 2023.
  • Historically, Gross Margin has averaged 75.17% across 5 years, with a median of 28.43% in 2023.
  • Across the five-year window, Gross Margin jumped 70854 bps in 2024 and sank 60922 bps in 2025, its largest moves.
  • Year by year, Gross Margin stood at 78.85% in 2022, then plunged by 196 bps to 75.84% in 2023, then jumped by 934 bps to 632.7% in 2024, then slumped by 96 bps to 23.48% in 2025, then soared by 269 bps to 86.7% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 86.7% in Q2 2026, 13.18% in Q1 2026, and 23.48% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Unitedhealth 384.70 Bn 354.90 Bn 38.23 Bn 34.22%
2 Cvs Health 136.05 Bn 124.42 Bn 22.85 Bn 67.61%
3 Elevance Health 82.25 Bn 46.44 Bn 35.79 Bn 86.70%
4 Cigna 75.16 Bn 67.54 Bn -44.29 Bn -451.37%
5 Humana 47.47 Bn 25.57 Bn 5.94 Bn 14.98%
6 Centene 31.35 Bn 7.64 Bn 43.95 Bn 98.43%
7 Molina Healthcare 10.44 Bn 1.19 Bn 1.43 Bn 13.19%
8 Oscar Health 8.62 Bn 1.83 Bn 1.42 Bn 30.50%
9 Alignment Healthcare 4.13 Bn 3.41 Bn 144.48 Mn 11.70%
10 Progyny 2.48 Bn 2.26 Bn 83.07 Mn 25.29%

Historic Data

Download Data
DateValue
Jun 30, 2026 86.70%
Mar 31, 2026 13.18%
Dec 31, 2025 23.48%
Sep 30, 2025 23.85%
Jun 30, 2025 11.06%
Mar 31, 2025 89.81%
Dec 31, 2024 632.70%
Sep 30, 2024 88.61%
Jun 30, 2024 30.34%
Mar 31, 2024 91.02%
Dec 31, 2023 -75.84%
Sep 30, 2023 89.06%
Jun 30, 2023 13.62%
Mar 31, 2023 26.52%
Dec 31, 2022 78.85%
Sep 30, 2022 91.33%
Jun 30, 2022 12.94%
Mar 31, 2022 25.89%
Dec 31, 2021 227.56%
Sep 30, 2021 91.91%