Cash Flow Statement
Growth Metrics

Elevance Health (ELV) Operating Margin (2009 - 2026)

Elevance Health (ELV) reported Operating Margin of 1.55% for Q1 2026, up 34.0% year-over-year from 1.15% in Q1 2025, and up 130.86% on a QoQ basis from 0.67% in Q4 2025.

Elevance Health (ELV) has 18 years of Operating Margin data on file, last reported at 1.55% in Q1 2026.

  • Quarterly Operating Margin rose 34.0% year-over-year to 1.55% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.11% (down 9.0% YoY) and the FY2025 annual result came in at 1.11%, down 5.0% from the prior year.
  • Operating Margin grew to 1.55% in Q1 2026 per ELV's latest filing, from 0.67% in the prior quarter.
  • Across five years, Operating Margin topped out at 1.55% in Q1 2026 and bottomed at 0.65% in Q4 2022.
  • The 5-year median for Operating Margin is 1.14% (2023), against an average of 1.11%.
  • The widest annual swing landed in 2023, when Operating Margin jumped 62 bps; it then plunged 49 bps in 2025.
  • Tracing ELV's Operating Margin over 5 years: stood at 0.65% in 2022, then surged by 95 bps to 1.27% in 2023, then declined by 9 bps to 1.16% in 2024, then plunged by 42 bps to 0.67% in 2025, then soared by 131 bps to 1.55% in 2026.
  • Per Business Quant, the three latest ELV Operating Margin figures stand at 1.55% (Q1 2026), 0.67% (Q4 2025), and 1.5% (Q3 2025).

Historic Data

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DateValue
Mar 31, 2026 1.55%
Dec 31, 2025 0.67%
Sep 30, 2025 1.50%
Jun 30, 2025 0.98%
Mar 31, 2025 1.21%
Dec 31, 2024 1.16%
Sep 30, 2024 1.23%
Jun 30, 2024 1.18%
Mar 31, 2024 1.09%
Dec 31, 2023 1.27%
Sep 30, 2023 1.40%
Jun 30, 2023 1.14%
Mar 31, 2023 0.92%
Dec 31, 2022 0.65%
Sep 30, 2022 0.93%
Jun 30, 2022 0.99%
Mar 31, 2022 1.10%
Dec 31, 2021 1.01%
Sep 30, 2021 0.94%
Jun 30, 2021 1.40%
Mar 31, 2021 1.05%
Dec 31, 2020 0.90%
Sep 30, 2020 0.90%
Jun 30, 2020 0.23%
Mar 31, 2020 0.86%
Dec 31, 2019 0.98%
Sep 30, 2019 0.91%
Jun 30, 2019 1.12%
Mar 31, 2019 0.85%
Dec 31, 2018 1.12%
Sep 30, 2018 1.08%
Jun 30, 2018 1.00%
Mar 31, 2018 1.02%
Dec 31, 2017 1.05%
Sep 30, 2017 0.98%
Jun 30, 2017 0.89%
Mar 31, 2017 0.92%
Dec 31, 2016 0.98%
Sep 30, 2016 0.94%
Jun 30, 2016 0.91%
Mar 31, 2016 0.84%
Dec 31, 2015 0.80%
Sep 30, 2015 0.81%
Jun 30, 2015 0.93%
Mar 31, 2015 0.88%
Dec 31, 2014 0.94%
Sep 30, 2014 0.94%
Jun 30, 2014 1.02%
Mar 31, 2014 1.03%
Dec 31, 2013 0.98%
Sep 30, 2013 0.94%
Jun 30, 2013 0.87%
Mar 31, 2013 0.92%
Dec 31, 2012 1.16%
Sep 30, 2012 1.11%
Jun 30, 2012 1.10%
Mar 31, 2012 1.10%
Dec 31, 2011 -16.75%
Sep 30, 2011 6.32%
Jun 30, 2011 6.27%
Mar 31, 2011 1.24%
Dec 31, 2010 6.26%
Sep 30, 2010 1.41%
Jun 30, 2010 7.33%
Mar 31, 2010 1.33%
Dec 31, 2009 3.04%
Sep 30, 2009 8.31%
Jun 30, 2009 1.33%
Mar 31, 2009 1.30%