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Elevance Health (ELV) Operating Expenses (2016 - 2025)

Elevance Health (ELV) has disclosed Operating Expenses for 17 consecutive years, with $49.5 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 10.47% to $49.5 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $192.4 billion through Dec 2025, up 13.78% year-over-year, with the annual reading at $192.4 billion for FY2025, 13.78% up from the prior year.
  • Operating Expenses for Q4 2025 was $49.5 billion at Elevance Health, roughly flat from $49.3 billion in the prior quarter.
  • The five-year high for Operating Expenses was $49.5 billion in Q4 2025, with the low at $30.2 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $40.2 billion, with a median of $40.3 billion recorded in 2024.
  • The sharpest move saw Operating Expenses rose 20.61% in 2021, then decreased 0.8% in 2024.
  • Over 5 years, Operating Expenses stood at $35.1 billion in 2021, then increased by 10.75% to $38.9 billion in 2022, then increased by 7.1% to $41.6 billion in 2023, then increased by 7.66% to $44.8 billion in 2024, then grew by 10.47% to $49.5 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $49.5 billion, $49.3 billion, and $47.5 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.