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

Elevance Health (ELV) has 18 years of Operating Margin data on file, last reported at 1.71% in Q2 2026.

• On a quarterly basis, Operating Margin rose 53.0% year-over-year to 1.71% in Q2 2026; TTM through Jun 2026 was 1.42%, a 3.0% decrease from a year earlier, with the FY2025 full-year figure at 1.1%, down 32.0% from the prior year.
• Operating Margin for Q2 2026 stood at 1.71%, down from 1.86% in the prior quarter.
• Over the last five years, Operating Margin for ELV reached as high as 3.78% in Q4 2024 and fell as low as 0.83% in Q4 2023.
• Historically, Operating Margin has averaged 1.37% across 5 years, with a median of 1.16% in 2023.
• Across the five-year window, Operating Margin jumped 295 bps in 2024 and plunged 279 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 2.16% in 2022, then tumbled by 62 bps to 0.83% in 2023, then soared by 354 bps to 3.78% in 2024, then plunged by 74 bps to 0.99% in 2025, then jumped by 72 bps to 1.71% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 1.71% in Q2 2026, 1.86% in Q1 2026, and 0.99% in Q4 2025.