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% quarter-over-quarter from 0.67% in Q4 2025.
Elevance Health (ELV) Operating Margin (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has 18 years of Operating Margin data on file, last reported at 1.55% in Q1 2026.
- Operating Margin for Q1 2026 came in at 1.55%, up 34.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.11% (down 9.0% YoY), and the FY2025 annual result was 1.11%, down 5.0% from the prior year.
- Operating Margin rose to 1.55% in Q1 2026 per ELV's latest filing, from 0.67% in the prior quarter.
- Over five years, Operating Margin peaked at 1.55% in Q1 2026 and troughed at 0.65% in Q4 2022.
- A 5-year average of 1.11% and a median of 1.14% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2025: Operating Margin soared 62 bps in 2023, then slumped 49 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 0.65% in 2022, then jumped by 95 bps to 1.27% in 2023, then retreated by 9 bps to 1.16% in 2024, then slumped by 42 bps to 0.67% in 2025, then surged by 131 bps to 1.55% in 2026.
- Business Quant data shows ELV's Operating Margin at 1.55% in Q1 2026, 0.67% in Q4 2025, and 1.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 8.05% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 13.85% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 1.55% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 2.06% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 4.65% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 3.73% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 0.77% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 1,060.06% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.26% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 3.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |