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| 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% |