Growth Metrics

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

Elevance Health (ELV) has disclosed Operating Margin for 17 consecutive years, with 6.03% as the latest value for Q2 2025.

  • On a quarterly basis, Operating Margin changed N/A to 6.03% in Q2 2025 year-over-year; TTM through Jun 2025 was 23.37%, a N/A change, with the full-year FY2024 number at 1.16%, up 9.0% from a year prior.
  • Operating Margin was 6.03% for Q2 2025 at Elevance Health, down from 1.21% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 77.43% in Q4 2023 to a low of 103.3% in Q4 2021.
  • A 5-year average of 25.23% and a median of 6.97% in 2023 define the central range for Operating Margin.
  • Biggest YoY gain for Operating Margin was 15482bps in 2023; the steepest drop was -10021bps in 2023.
  • Elevance Health's Operating Margin stood at 103.3% in 2021, then grew by 25bps to 77.39% in 2022, then surged by 200bps to 77.43% in 2023, then crashed by -190bps to 70.0% in 2024, then skyrocketed by 91bps to 6.03% in 2025.
  • Per Business Quant, the three most recent readings for ELV's Operating Margin are 6.03% (Q2 2025), 1.21% (Q1 2025), and 70.0% (Q3 2024).