Elevance Health (ELV) Other Operating Expenses (2009 - 2026)
Elevance Health's Other Operating Expenses was $6.1 billion in Q3 2026, up 3.6% from $5.89 billion a year earlier and up 2.3% from the prior quarter.
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Analysis
Elevance Health (ELV) Other Operating Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Elevance Health's Other Operating Expenses was $24.05 billion through Sep 30, 2026, up 1.5% year-over-year; for FY2025, it was $23.21 billion, up 7.9% from FY2024.
- Other Operating Expenses has now increased for seven consecutive years, with a five-year compound annual growth rate of 18.0% (FY2020 to FY2025).
- In earlier years, Other Operating Expenses was $21.52 billion in FY2024 (+12.0%), $19.21 billion in FY2023 (+31.1%), $14.65 billion in FY2022 (+20.6%) and $12.16 billion in FY2021 (+19.9%).
- The Q3 2026 figure marks the highest quarterly Other Operating Expenses since Q4 2024.
- Compared with a year earlier, Other Operating Expenses has increased for three straight quarters, with growth averaging 9.7% over the last eight quarters.
- The best year-over-year quarter for Other Operating Expenses over five years was Q2 2023 (growth of 39.7%); the worst was Q4 2025 (a decline of 7.3%).
- Per Business Quant data, ELV's Other Operating Expenses in the three quarters before Q3 2026 was $5.97 billion (Q2 2026), $5.93 billion (Q1 2026) and $6.05 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unitedhealth | 362.93 Bn | 249.60 Bn | 35.71 Bn |
| 2 | Mckesson | 125.16 Bn | 109.10 Bn | 3.96 Bn |
| 3 | Cvs Health | 113.93 Bn | 62.88 Bn | 47.21 Bn |
| 4 | Elevance Health | 92.83 Bn | -49.64 Bn | 13.65 Bn |
| 5 | Cigna | 79.88 Bn | 49.09 Bn | 15.09 Bn |
| 6 | Cencora | 66.55 Bn | 66.55 Bn | 3.60 Bn |
| 7 | Cardinal Health | 64.00 Bn | 47.32 Bn | 2.60 Bn |
| 8 | Humana | 52.60 Bn | -38.18 Bn | 4.83 Bn |
| 9 | Centene | 34.53 Bn | -39.52 Bn | 8.24 Bn |
| 10 | Molina Healthcare | 10.74 Bn | -24.26 Bn | 1.36 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 43.88 Bn |
| Jun 30, 2026 | 42.99 Bn |
| Mar 31, 2026 | 41.55 Bn |
| Dec 31, 2025 | 44.12 Bn |
| Sep 30, 2025 | 44.03 Bn |
| Jun 30, 2025 | 42.49 Bn |
| Mar 31, 2025 | 40.79 Bn |
| Dec 31, 2024 | 40.03 Bn |
| Sep 30, 2024 | 38.46 Bn |
| Jun 30, 2024 | 35.83 Bn |
| Mar 31, 2024 | 34.75 Bn |
| Dec 31, 2023 | 36.65 Bn |
| Sep 30, 2023 | 35.73 Bn |
| Jun 30, 2023 | 36.41 Bn |
| Mar 31, 2023 | 34.75 Bn |
| Dec 31, 2022 | 34.32 Bn |
| Sep 30, 2022 | 33.30 Bn |
| Jun 30, 2022 | 32.24 Bn |
| Mar 31, 2022 | 31.44 Bn |
| Dec 31, 2021 | 30.89 Bn |
API Access
Elevance Health Other Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "ticker": "ELV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();