Elevance Health (ELV) Gross Margin (2009 - 2026)
Elevance Health's Gross Margin was 26.54% in Q3 2026, up 1.75 percentage points from 24.79% a year earlier but down 0.11 percentage points from the prior quarter.
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Analysis
Elevance Health (ELV) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Elevance Health's Gross Margin was 26.43% through Sep 30, 2026, up 0.17 percentage points year-over-year; for FY2025, it was 25.56%, down 2.37 percentage points from FY2024.
- Gross Margin shows a five-year change of -2.19 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 27.93% in FY2024 (+0.50 pp), 27.44% in FY2023 (+1.92 pp), 25.51% in FY2022 (-0.50 pp) and 26.02% in FY2021 (-1.74 pp).
- Quarterly Gross Margin has moved between 23.48% (Q4 2025) and 30.34% (Q2 2024) over five years.
- Compared with a year earlier, Gross Margin has increased for three straight quarters, with an average year-over-year change of -0.80 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2024 (a gain of 2.70 percentage points); the worst was Q2 2025 (a drop of 4.08 percentage points).
- Per Business Quant data, ELV's Gross Margin in the three quarters before Q3 2026 was 26.65% (Q2 2026), 29.03% (Q1 2026) and 23.48% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 359.00 Bn | 239.64 Bn | 35.71 Bn | 31.69% |
| 2 | Mckesson | 123.95 Bn | 105.32 Bn | 3.96 Bn | 3.57% |
| 3 | Cvs Health | 111.19 Bn | 59.95 Bn | 47.21 Bn | 43.56% |
| 4 | Elevance Health | 91.22 Bn | -51.36 Bn | 13.65 Bn | 26.54% |
| 5 | Cigna | 78.47 Bn | 47.34 Bn | 15.09 Bn | 20.48% |
| 6 | Cencora | 66.32 Bn | 55.22 Bn | 3.61 Bn | 4.26% |
| 7 | Cardinal Health | 63.37 Bn | 46.54 Bn | 2.60 Bn | 3.85% |
| 8 | Humana | 51.41 Bn | -36.45 Bn | 5.50 Bn | 13.45% |
| 9 | Centene | 33.72 Bn | -60.99 Bn | 9.52 Bn | 18.79% |
| 10 | Molina Healthcare | 10.44 Bn | -24.56 Bn | 1.36 Bn | 12.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.54% |
| Jun 30, 2026 | 26.65% |
| Mar 31, 2026 | 29.03% |
| Dec 31, 2025 | 23.48% |
| Sep 30, 2025 | 24.79% |
| Jun 30, 2025 | 26.26% |
| Mar 31, 2025 | 27.77% |
| Dec 31, 2024 | 26.28% |
| Sep 30, 2024 | 26.95% |
| Jun 30, 2024 | 30.34% |
| Mar 31, 2024 | 28.26% |
| Dec 31, 2023 | 26.53% |
| Sep 30, 2023 | 28.57% |
| Jun 30, 2023 | 27.63% |
| Mar 31, 2023 | 27.00% |
| Dec 31, 2022 | 24.38% |
| Sep 30, 2022 | 26.34% |
| Jun 30, 2022 | 25.46% |
| Mar 31, 2022 | 25.89% |
| Dec 31, 2021 | 24.92% |
API Access
Elevance Health Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ELV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();