Elevance Health (ELV) Invested Capital (2009 - 2026)
Elevance Health (ELV) recorded Invested Capital of $76.07 billion in Q2 2026, up 2.7% from $74.04 billion a year earlier and up 0.2% from the prior quarter.
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Analysis
Elevance Health (ELV) Invested Capital (2009 - 2026) Analysis & Trends
Starting with Q2 2009, Elevance Health's Invested Capital history includes 69 quarters.
- Annual Invested Capital has increased for ten straight years, with a five-year compound annual growth rate of 7.4% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $72.66 billion in FY2024 (+12.6%), $64.53 billion in FY2023 (+6.8%), $60.44 billion in FY2022 (+2.2%) and $59.17 billion in FY2021 (+11.2%).
- Quarterly Invested Capital has ranged from $58.59 billion in Q3 2021 to $76.18 billion in Q3 2025 over the past five years.
- On a year-over-year basis, Invested Capital has increased for 41 consecutive quarters, with growth averaging 7.2% over the last eight quarters.
- The year-over-year growth in Invested Capital has ranged between 2.0% (Q2 2022) and 12.6% (Q4 2024) over the last five years.
- Per Business Quant, the preceding three quarters came in at $75.88 billion (Q1 2026), $76.07 billion (Q4 2025) and $76.18 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 332.42 Bn | 217.05 Bn | 36.67 Bn | 177.84 Bn |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 141.31 Bn |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | 5.49 Bn |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 76.07 Bn |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | 74.79 Bn |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 14.96 Bn |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | 6.00 Bn |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 33.88 Bn |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | 38.74 Bn |
| 10 | Molina Healthcare | 9.83 Bn | -25.04 Bn | 1.43 Bn | 7.94 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.07 Bn |
| Mar 31, 2026 | 75.88 Bn |
| Dec 31, 2025 | 76.07 Bn |
| Sep 30, 2025 | 76.18 Bn |
| Jun 30, 2025 | 74.04 Bn |
| Mar 31, 2025 | 72.62 Bn |
| Dec 31, 2024 | 72.66 Bn |
| Sep 30, 2024 | 71.03 Bn |
| Jun 30, 2024 | 69.98 Bn |
| Mar 31, 2024 | 67.16 Bn |
| Dec 31, 2023 | 64.53 Bn |
| Sep 30, 2023 | 63.38 Bn |
| Jun 30, 2023 | 63.44 Bn |
| Mar 31, 2023 | 62.93 Bn |
| Dec 31, 2022 | 60.44 Bn |
| Sep 30, 2022 | 59.83 Bn |
| Jun 30, 2022 | 59.48 Bn |
| Mar 31, 2022 | 59.31 Bn |
| Dec 31, 2021 | 59.17 Bn |
| Sep 30, 2021 | 58.59 Bn |
API Access
Elevance Health Invested Capital 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=invested-capital&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();