Elevance Health (ELV) Return on Equity [ROE] (2009 - 2026)
Elevance Health (ELV) recorded Return on Equity [ROE] of 11.11% in Q2 2026, down 1.26 percentage points from 12.37% a year earlier and down 0.78 percentage points from the prior quarter.
Powered by 
Analysis
Elevance Health (ELV) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Elevance Health reported Return on Equity [ROE] of 13.25%, down 1.52 percentage points from FY2024.
- Annual Return on Equity [ROE] has declined for four straight years, with a five-year change of -0.84 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 14.77% in FY2024 (-1.05 pp), 15.82% in FY2023 (-0.43 pp), 16.25% in FY2022 (-1.49 pp) and 17.74% in FY2021 (+3.65 pp).
- The Q2 2026 figure is the lowest quarterly Return on Equity [ROE] since Q2 2017.
- On a year-over-year basis, Return on Equity [ROE] has declined for 15 consecutive quarters, with an average year-over-year change of -1.79 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 4.64 percentage points in Q2 2022, against a drop of 3.73 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 11.89% (Q1 2026), 12.85% (Q4 2025) and 12.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 332.42 Bn | 217.05 Bn | 36.67 Bn | 14.31% |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 6.20% |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | - |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 11.11% |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | 16.36% |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 77.35% |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | - |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 6.83% |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | -23.14% |
| 10 | Molina Healthcare | 9.83 Bn | -25.04 Bn | 1.43 Bn | -0.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.11% |
| Mar 31, 2026 | 11.89% |
| Dec 31, 2025 | 12.85% |
| Sep 30, 2025 | 12.57% |
| Jun 30, 2025 | 12.37% |
| Mar 31, 2025 | 14.05% |
| Dec 31, 2024 | 14.00% |
| Sep 30, 2024 | 14.83% |
| Jun 30, 2024 | 16.10% |
| Mar 31, 2024 | 15.57% |
| Dec 31, 2023 | 15.37% |
| Sep 30, 2023 | 15.71% |
| Jun 30, 2023 | 16.72% |
| Mar 31, 2023 | 16.57% |
| Dec 31, 2022 | 16.27% |
| Sep 30, 2022 | 17.21% |
| Jun 30, 2022 | 16.94% |
| Mar 31, 2022 | 17.34% |
| Dec 31, 2021 | 17.09% |
| Sep 30, 2021 | 15.58% |
API Access
Elevance Health Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();