Elevance Health (ELV) Operating Income (2009 - 2026)
Elevance Health (ELV) posted quarterly Operating Income of $704.0 million for Q2 2026, up 44.86% year-over-year from $486.0 million in Q2 2025, and down 7.97% quarter-over-quarter from $765.0 million in Q1 2026.
Elevance Health (ELV) Operating Income (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has reported Operating Income for 18 consecutive years, with $704.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Income rose 44.86% year-over-year to $704.0 million; the TTM figure through Jun 2026 stood at $2.6 billion (up 20.1% YoY), while the FY2025 annual figure was $2.2 billion, up 6.97% from the prior year.
- Operating Income fell to $704.0 million in Q2 2026 per ELV's latest filing, from $765.0 million in the prior quarter.
- Across five years, Operating Income topped out at $765.0 million in Q1 2026 and bottomed at $360.0 million in Q1 2022.
- Historically, Operating Income has averaged $501.3 million across 5 years, with a median of $493.0 million in 2023.
- Annual changes were most pronounced in 2025 — Operating Income slipped 6.45% — and 2026, when it soared 44.86%.
- Elevance Health's Operating Income stood at $373.0 million in 2022, then surged by 41.82% to $529.0 million in 2023, then fell by 0.38% to $527.0 million in 2024, then dropped by 6.45% to $493.0 million in 2025, then surged by 42.8% to $704.0 million in 2026.
- Business Quant data shows ELV's Operating Income at $704.0 million in Q2 2026, $765.0 million in Q1 2026, and $493.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.03 Bn | 320.56 Bn | 36.67 Bn | 7.99 Bn |
| 2 | Cvs Health | 118.72 Bn | 104.76 Bn | 47.23 Bn | 4.70 Bn |
| 3 | Elevance Health | 86.92 Bn | 50.97 Bn | 13.45 Bn | 704.00 Mn |
| 4 | Humana | 45.53 Bn | 21.66 Bn | 5.50 Bn | 1.36 Bn |
| 5 | Centene | 31.97 Bn | 4.92 Bn | 14.55 Bn | 1.20 Bn |
| 6 | Molina Healthcare | 10.26 Bn | 1.34 Bn | 1.43 Bn | 145.00 Mn |
| 7 | Oscar Health | 9.55 Bn | 997.66 Mn | 1.09 Bn | 388.64 Mn |
| 8 | Alignment Healthcare | 2.74 Bn | 2.04 Bn | 180.96 Mn | 42.10 Mn |
| 9 | Clover Health Investments | 2.17 Bn | 1.93 Bn | 153.00 Mn | 28.00 Mn |
| 10 | Progyny | 1.99 Bn | 1.76 Bn | 89.30 Mn | 40.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 704.00 Mn |
| Mar 31, 2026 | 765.00 Mn |
| Dec 31, 2025 | 493.00 Mn |
| Sep 30, 2025 | 625.00 Mn |
| Jun 30, 2025 | 486.00 Mn |
| Mar 31, 2025 | 590.00 Mn |
| Dec 31, 2024 | 527.00 Mn |
| Sep 30, 2024 | 551.00 Mn |
| Jun 30, 2024 | 508.00 Mn |
| Mar 31, 2024 | 465.00 Mn |
| Dec 31, 2023 | 529.00 Mn |
| Sep 30, 2023 | 493.00 Mn |
| Jun 30, 2023 | 416.00 Mn |
| Mar 31, 2023 | 387.00 Mn |
| Dec 31, 2022 | 373.00 Mn |
| Sep 30, 2022 | 371.00 Mn |
| Jun 30, 2022 | 381.00 Mn |
| Mar 31, 2022 | 360.00 Mn |
| Dec 31, 2021 | 352.00 Mn |
| Sep 30, 2021 | 335.00 Mn |