Elevance Health (ELV) Net Margin (2009 - 2026)
Elevance Health's (ELV) quarterly Net Margin came in at 2.88% in Q2 2026, down 62.0% year-over-year from 7.58% in Q2 2025, and down 17.87% quarter-over-quarter from 3.51% in Q1 2026.
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Elevance Health (ELV) Net Margin (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has reported Net Margin for 18 consecutive years, with 2.88% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 62.0% year-over-year to 2.88% in Q2 2026; TTM through Jun 2026 was 2.46%, a 37.0% decrease from a year earlier, with the FY2025 full-year figure at 2.84%, down 53.0% from the prior year.
- Net Margin was 2.88% for Q2 2026 at Elevance Health, down from 3.51% in the prior quarter.
- Over five years, Net Margin peaked at 5.28% in Q1 2024 and troughed at 0.91% in Q4 2024.
- A 5-year average of 3.36% and a median of 3.51% in 2026 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 99 bps in 2024 and plunged 174 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 2.2% in 2022, then slipped by 11 bps to 1.95% in 2023, then tumbled by 53 bps to 0.91% in 2024, then grew by 21 bps to 1.1% in 2025, then surged by 162 bps to 2.88% in 2026.
- The last three Net Margin figures came in at 2.88% (Q2 2026), 3.51% (Q1 2026), and 1.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 354.24 Bn | 322.77 Bn | 36.67 Bn | 5.06% |
| 2 | Cvs Health | 122.38 Bn | 108.42 Bn | 47.23 Bn | 2.82% |
| 3 | Elevance Health | 86.47 Bn | 50.52 Bn | 13.45 Bn | 2.88% |
| 4 | Cigna | 73.02 Bn | 65.76 Bn | 14.97 Bn | 2.62% |
| 5 | Humana | 48.22 Bn | 24.35 Bn | 5.50 Bn | 1.75% |
| 6 | Centene | 31.79 Bn | 4.73 Bn | 14.55 Bn | 2.03% |
| 7 | Molina Healthcare | 9.95 Bn | 1.03 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 9.53 Bn | 976.50 Mn | 1.09 Bn | 7.41% |
| 9 | Corvel | 3.41 Bn | 3.06 Bn | - | - |
| 10 | Alignment Healthcare | 2.70 Bn | 2.00 Bn | 180.96 Mn | 2.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.88% |
| Mar 31, 2026 | 3.51% |
| Dec 31, 2025 | 1.10% |
| Sep 30, 2025 | 2.34% |
| Jun 30, 2025 | 3.50% |
| Mar 31, 2025 | 4.47% |
| Dec 31, 2024 | 0.91% |
| Sep 30, 2024 | 2.23% |
| Jun 30, 2024 | 5.24% |
| Mar 31, 2024 | 5.28% |
| Dec 31, 2023 | 1.95% |
| Sep 30, 2023 | 3.03% |
| Jun 30, 2023 | 4.25% |
| Mar 31, 2023 | 4.75% |
| Dec 31, 2022 | 2.20% |
| Sep 30, 2022 | 4.00% |
| Jun 30, 2022 | 4.23% |
| Mar 31, 2022 | 4.67% |
| Dec 31, 2021 | 3.22% |
| Sep 30, 2021 | 4.19% |