Elevance Health (ELV) Gross Margin (2009 - 2026)
Elevance Health (ELV) posted quarterly Gross Margin of 86.7% for Q2 2026, up 7563.0% year-over-year from 1.13% in Q2 2025, and up 557.53% quarter-over-quarter from 13.18% in Q1 2026.
Elevance Health (ELV) Gross Margin (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has reported Gross Margin for 18 consecutive years, with 86.7% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 7563.0% year-over-year to 86.7%; the TTM figure through Jun 2026 stood at 35.59% (down 8291.0% YoY), while the FY2025 annual figure was 25.56%, down 6074.0% from the prior year.
- Gross Margin grew to 86.7% in Q2 2026 per ELV's latest filing, from 13.18% in the prior quarter.
- Across five years, Gross Margin topped out at 632.7% in Q4 2024 and bottomed at 75.84% in Q4 2023.
- Historically, Gross Margin has averaged 75.17% across 5 years, with a median of 28.43% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin soared 70854 bps — and 2025, when it tumbled 60922 bps.
- Elevance Health's Gross Margin stood at 78.85% in 2022, then plunged by 196 bps to 75.84% in 2023, then surged by 934 bps to 632.7% in 2024, then slumped by 96 bps to 23.48% in 2025, then jumped by 269 bps to 86.7% in 2026.
- Business Quant data shows ELV's Gross Margin at 86.7% in Q2 2026, 13.18% in Q1 2026, and 23.48% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 26.65% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 13.45% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 27.16% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 13.19% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 22.25% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 13.55% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 20.59% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 25.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |