Elevance Health (ELV) Shares Outstanding (2009 - 2026)
Elevance Health (ELV) recorded Shares Outstanding of 217 million in Q2 2026, down 3.6% from 225.2 million a year earlier and down 1.3% from the prior quarter.
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Analysis
Elevance Health (ELV) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Elevance Health reported Shares Outstanding of 224 million, down 3.3% from FY2024.
- Annual Shares Outstanding has declined for nine straight years, with a five-year compound annual growth rate of -2.2% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 231.7 million in FY2024 (-1.8%), 235.9 million in FY2023 (-1.7%), 240 million in FY2022 (-1.6%) and 243.8 million in FY2021 (-2.8%).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding in data going back to Q1 2009.
- On a year-over-year basis, Shares Outstanding has declined for 29 consecutive quarters, with an average decline of 2.8% over the last eight quarters.
- Over the past five years, the year-over-year decline in Shares Outstanding ranged from 1.4% (Q3 2024) to 3.7% (Q3 2025).
- Per Business Quant, the preceding three quarters came in at 219.8 million (Q1 2026), 224 million (Q4 2025) and 223.3 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 332.42 Bn | 217.05 Bn | 36.67 Bn | 902.00 Mn |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 1.28 Bn |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | 118.70 Mn |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 217.00 Mn |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | 262.99 Mn |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 193.15 Mn |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | 236.00 Mn |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 120.07 Mn |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | 493.82 Mn |
| 10 | Molina Healthcare | 9.83 Bn | -25.04 Bn | 1.43 Bn | 51.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 217.00 Mn |
| Mar 31, 2026 | 219.80 Mn |
| Dec 31, 2025 | 224.00 Mn |
| Sep 30, 2025 | 223.30 Mn |
| Jun 30, 2025 | 225.20 Mn |
| Mar 31, 2025 | 226.40 Mn |
| Dec 31, 2024 | 231.70 Mn |
| Sep 30, 2024 | 231.90 Mn |
| Jun 30, 2024 | 232.20 Mn |
| Mar 31, 2024 | 232.70 Mn |
| Dec 31, 2023 | 235.90 Mn |
| Sep 30, 2023 | 235.30 Mn |
| Jun 30, 2023 | 236.60 Mn |
| Mar 31, 2023 | 237.50 Mn |
| Dec 31, 2022 | 240.00 Mn |
| Sep 30, 2022 | 239.60 Mn |
| Jun 30, 2022 | 240.70 Mn |
| Mar 31, 2022 | 241.40 Mn |
| Dec 31, 2021 | 243.80 Mn |
| Sep 30, 2021 | 243.40 Mn |
API Access
Elevance Health Shares Outstanding 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=shares-outstanding&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();