Growth Metrics

Evolent Health (EVH) Operating Margin (2016 - 2025)

Evolent Health has reported Operating Margin over the past 11 years, most recently at 87.1% for Q4 2025.

  • Quarterly results put Operating Margin at 87.1% for Q4 2025, down 8422.0% from a year ago — trailing twelve months through Dec 2025 was 21.86% (down 2027.0% YoY), and the annual figure for FY2025 was 21.86%, down 2027.0%.
  • Operating Margin for Q4 2025 was 87.1% at Evolent Health, down from 0.18% in the prior quarter.
  • Over the last five years, Operating Margin for EVH hit a ceiling of 3.67% in Q3 2022 and a floor of 87.1% in Q4 2025.
  • Median Operating Margin over the past 5 years was 2.52% (2023), compared with a mean of 6.31%.
  • Biggest five-year swings in Operating Margin: skyrocketed 10047bps in 2021 and later tumbled -8422bps in 2025.
  • Evolent Health's Operating Margin stood at 4.92% in 2021, then soared by 90bps to 0.49% in 2022, then plummeted by -682bps to 3.84% in 2023, then increased by 25bps to 2.88% in 2024, then crashed by -2928bps to 87.1% in 2025.
  • The last three reported values for Operating Margin were 87.1% (Q4 2025), 0.18% (Q3 2025), and 0.26% (Q2 2025) per Business Quant data.