Elevance Health (ELV) Invested Capital (2009 - 2026)
Elevance Health (ELV) recorded Invested Capital of $75.55 billion in Q3 2026, down 0.8% from $76.18 billion a year earlier and down 0.7% from the prior quarter.
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Analysis
Elevance Health (ELV) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Elevance Health reported Invested Capital of $76.07 billion, up 4.7% from FY2024.
- 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%).
- The Q3 2026 figure is the lowest quarterly Invested Capital since Q2 2025.
- On a year-over-year basis, Invested Capital rose in seven of the last eight quarters, with growth averaging 5.6%.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 12.6% in Q4 2024, against a decline of 0.8% in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $76.07 billion (Q2 2026), $75.88 billion (Q1 2026) and $76.07 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 362.93 Bn | 249.60 Bn | 35.71 Bn | 178.46 Bn |
| 2 | Mckesson | 125.16 Bn | 109.10 Bn | 3.96 Bn | 5.25 Bn |
| 3 | Cvs Health | 113.93 Bn | 62.88 Bn | 47.21 Bn | 141.37 Bn |
| 4 | Elevance Health | 92.83 Bn | -49.64 Bn | 13.65 Bn | 75.55 Bn |
| 5 | Cigna | 79.88 Bn | 49.09 Bn | 15.09 Bn | 74.86 Bn |
| 6 | Cencora | 66.55 Bn | 66.55 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.00 Bn | 47.32 Bn | 2.60 Bn | 5.79 Bn |
| 8 | Humana | 52.60 Bn | -38.18 Bn | 4.83 Bn | 31.71 Bn |
| 9 | Centene | 34.53 Bn | -39.52 Bn | 8.24 Bn | 37.43 Bn |
| 10 | Molina Healthcare | 10.74 Bn | -24.26 Bn | 1.36 Bn | 7.93 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 75.55 Bn |
| 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 |
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();