ELV
Elevance Health Inc.Stock · HealthcareS&P 500 Equal Weight 0.2% · S&P 500 0.1% · Russell 1000 0.1% · Russell 3000 0.1% · US Stock Market 0.1% · MSCI World 0.10% · MSCI ACWI 0.08%$418.72+0.52%
as of market close, Sep 11, 2026
☾ AH — —
ELV financial statements
The full income statement, balance sheet, and cash-flow statement for Elevance Health Inc. (ELV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 231.9M2024-09 231.9M2024-12 227.4M2025-03 225.9M2025-06 225.2M2025-09 222.2M2025-12 220.7M2026-03 217.2M2026-06 216.9M-6.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 199B+12.5% | 177B+3.3% | 171B+9.4% | 157B+13.0% | 139B+13.8% | |
| Cost of revenue | 21.2B+7.2% | 19.8B+14.2% | 17.3B+32.7% | 13.0B+19.6% | 10.9B+21.7% | |
| Selling, general & administrative | 21.0B+4.8% | 20.0B-0.3% | 20.1B+13.5% | 17.7B+11.2% | 15.9B-8.8% | |
| Amortization of intangibles | 628M+8.3% | 580M-34.5% | 885M+15.4% | 767M+73.9% | 441M+22.2% | |
| Operating income | 7.20B-8.4% | 7.86B-7.5% | 8.50B+2.6% | 8.28B+9.6% | 7.56B+18.9% | |
| Interest expense | 1.40B+18.3% | 1.19B+15.0% | 1.03B+21.0% | 851M+6.6% | 798M+1.8% | |
| Equity-method income | 398M+39700.0% | 1.00M+103.0% | -33.0M-111.3% | 293M-47.9% | 562M+1002.0% | |
| Gain (loss) on equity securities | — | — | — | — | -71.0M-136.6% | |
| Pre-tax income | 6.71B-15.1% | 7.90B+2.4% | 7.71B+1.5% | 7.60B-4.9% | 8.00B+28.2% | |
| Income tax | 1.05B-45.7% | 1.93B+12.1% | 1.72B+0.7% | 1.71B-7.3% | 1.85B+10.8% | |
| 5.66B-5.3% | 5.98B-0.1% | 5.99B+1.6% | 5.89B-4.3% | 6.16B+34.7% | ||
| Net income to non-controlling interest | -1.00M+88.9% | -9.00M-325.0% | 4.00M+166.7% | -6.00M+33.3% | -9.00M | |
| $25.21-1.8% | $25.68+1.8% | $25.22+3.9% | $24.28-2.7% | $24.95+38.8% | ||
| EPS (basic) | $25.28-2.1% | $25.81+1.7% | $25.38+3.3% | $24.56-2.8% | $25.26+38.6% | |
| Weighted-avg shares (basic) | 224M-3.3% | 232M-1.8% | 236M-1.7% | 240M-1.6% | 244M-2.8% | |
| Weighted-avg shares (diluted) | 225M-3.6% | 233M-1.9% | 237M-2.2% | 243M-1.6% | 247M-2.9% | |
| Dividends per share | $6.93+4.4% | $6.63+12.0% | $5.92+15.6% | $5.12+13.3% | $4.52+18.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 63.0B+6.9% | 58.9B-1.8% | 60.0B+7.9% | 55.6B+8.8% | 51.1B+11.7% | ||
| Cash & equivalents | 9.49B+14.5% | 8.29B+27.0% | 6.53B-11.7% | 7.39B+51.4% | 4.88B-15.0% | |
| Other current assets | 5.34B+13.7% | 4.70B-18.9% | 5.79B+9.7% | 5.28B+13.5% | 4.65B+14.6% | |
| 121B+3.9% | 117B+7.3% | 109B+6.0% | 103B+5.4% | 97.5B+12.5% | ||
| Property, plant & equipment | 4.68B+0.6% | 4.65B+6.7% | 4.36B+1.0% | 4.32B+10.1% | 3.92B+12.5% | |
| Operating lease right-of-use | 452M-20.3% | 567M-2.9% | 584M-3.3% | 604M-3.8% | 628M | |
| Goodwill | 28.3B+0.2% | 28.3B+11.7% | 25.3B+3.8% | 24.4B+0.6% | 24.2B+11.7% | |
| Intangible assets | 11.2B-7.4% | 12.1B+17.7% | 10.3B-0.4% | 10.3B-2.8% | 10.6B+12.9% | |
| Other non-current assets | 2.31B+7.9% | 2.14B+8.8% | 1.97B+16.6% | 1.69B-1.6% | 1.72B+19.3% | |
| 41.0B+1.1% | 40.6B-2.9% | 41.8B+5.3% | 39.7B+13.8% | 34.9B+18.4% | ||
| Accrued liabilities | 7.32B+5.7% | 6.93B+0.2% | 6.91B+23.2% | 5.61B+12.8% | 4.97B-9.5% | |
| Short-term & current debt | 1.10B-33.4% | 1.65B+0.0% | 1.65B+9.9% | 1.50B-6.2% | 1.60B+128.4% | |
| Current lease liability | 131M-14.4% | 153M-6.7% | 164M-9.4% | 181M+36.1% | 133M | |
| Other current liabilities | 10.3B+2.3% | 10.0B+1.4% | 9.89B+2.2% | 9.68B+23.4% | 7.85B+29.7% | |
| 77.5B+2.7% | 75.5B+8.5% | 69.5B+4.7% | 66.4B+8.4% | 61.3B+14.7% | ||
| Long-term debt | 30.8B+5.4% | 29.2B+25.7% | 23.2B+4.0% | 22.3B+5.6% | 21.2B+9.4% | |
| Non-current lease liability | 529M-19.6% | 658M-3.9% | 685M-8.8% | 751M-13.1% | 864M | |
| Operating lease liability (total) | 660M-18.6% | 811M-4.5% | 849M-8.9% | 932M-6.5% | 997M+4.2% | |
| Deferred tax liabilities | 2.11B-1.8% | 2.15B+9.0% | 1.97B-2.2% | 2.02B-28.4% | 2.81B+39.4% | |
| Other non-current liabilities | 3.53B+6.0% | 3.33B+91.4% | 1.74B+11.3% | 1.56B-7.2% | 1.68B-7.3% | |
| 43.9B+6.2% | 41.3B+5.1% | 39.3B+8.5% | 36.2B+0.4% | 36.1B+8.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M-33.3% | |
| Additional paid-in capital | 8.94B+0.3% | 8.91B+0.5% | 8.87B-2.4% | 9.08B-0.7% | 9.15B-1.0% | |
| Retained earnings | 35.4B+5.5% | 33.5B+5.7% | 31.7B+7.1% | 29.6B+9.2% | 27.1B+14.0% | |
| Accumulated other comprehensive income | -451M+60.7% | -1.15B+12.6% | -1.31B+47.3% | -2.49B-1164.0% | -197M-231.3% | |
| Non-controlling interest | 144M+29.7% | 111M+12.1% | 99.0M+13.8% | 87.0M+27.9% | 68.0M | |
| Total equity incl. non-controlling | 44.0B+6.3% | 41.4B+5.1% | 39.4B+8.5% | 36.3B+0.5% | 36.1B+8.9% | |
| Total liabilities & equity | 121B+3.9% | 117B+7.3% | 109B+6.0% | 103B+5.4% | 97.5B+12.5% | |
| Common shares issued | 221M-3.0% | 227M-2.4% | 233M-2.1% | 238M-1.6% | 242M-1.5% | |
| Common shares outstanding | 221M-3.0% | 227M-2.4% | 233M-2.1% | 238M-1.6% | 242M-1.5% | |
| Shares outstanding (cover) | 221M-2.9% | 227M-2.3% | 233M-2.0% | 237M-1.6% | 241M-1.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.29B-26.1% | 5.81B-27.9% | 8.06B-4.0% | 8.40B+0.4% | 8.36B-21.7% | ||
| Depreciation & amortization | 1.55B+11.0% | 1.39B-20.2% | 1.75B+4.2% | 1.68B+28.6% | 1.30B+12.8% | |
| Intangible amortization | 628M+8.3% | 580M-34.5% | 885M+15.4% | 767M+73.9% | 441M+22.2% | |
| Share-based compensation | 276M+44.5% | 191M-33.9% | 289M+9.5% | 264M+3.5% | 255M-9.9% | |
| Deferred income taxes | -279M+25.4% | -374M+37.9% | -602M-423.5% | -115M-133.6% | 342M+163.3% | |
| -1.34B+74.0% | -5.17B+7.3% | -5.57B-22.2% | -4.56B+52.7% | -9.64B-31.6% | ||
| Capital expenditure | 1.12B-11.1% | 1.26B-3.1% | 1.30B+12.5% | 1.15B+6.0% | 1.09B+6.5% | |
| Free cash flow | 3.17B-30.3% | 4.55B-32.7% | 6.76B-6.7% | 7.25B-0.4% | 7.28B-24.7% | |
| Acquisitions | -88.0M-101.8% | 4.81B+209.9% | 1.55B+139.1% | 649M-81.3% | 3.48B+75.9% | |
| Purchases of investments | 15.0B-16.5% | 18.0B+10.8% | 16.2B-34.9% | 24.9B+33.6% | 18.7B-4.2% | |
| Sales/maturities of investments | 1.77B-12.5% | 2.02B-31.1% | 2.94B-72.3% | 10.6B+144.5% | 4.34B-8.4% | |
| Other investing activities | 0.00-100.0% | 124M+21.6% | 102M-15.0% | 120M+90.5% | 63.0M+40.0% | |
| -1.74B-245.7% | 1.19B+135.6% | -3.35B-154.1% | -1.32B-411.6% | 423M+116.5% | ||
| Long-term debt issued | 2.99B-61.2% | 7.71B+199.5% | 2.57B-16.2% | 3.07B-11.3% | 3.46B+39.4% | |
| Long-term debt repaid | 2.15B+30.1% | 1.65B-13.6% | 1.91B+0.5% | 1.90B+77.8% | 1.07B-44.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 2.60B-10.2% | 2.90B+8.4% | 2.68B+15.5% | 2.32B+21.9% | 1.90B-29.6% | |
| Dividends paid | 1.53B+1.4% | 1.51B+8.1% | 1.40B+13.5% | 1.23B+11.3% | 1.10B+15.7% | |
| Other financing activities | 22.0M+1000.0% | 2.00M-71.4% | 7.00M-82.9% | 41.0M+51.9% | 27.0M+1250.0% | |
| FX effect on cash | -5.00M+16.7% | -6.00M-500.0% | -1.00M+92.9% | -14.0M-40.0% | -10.0M-242.9% | |
| Net change in cash | 1.20B-34.2% | 1.83B+312.3% | -861M-134.3% | 2.51B+391.2% | -861M-207.1% | |
| Interest paid | 1.41B+13.8% | 1.24B+20.1% | 1.03B+17.5% | 878M+6.8% | 822M+3.5% | |
| Income taxes paid | 1.37B-3.1% | 1.41B-27.1% | 1.94B+21.5% | 1.59B+22.7% | 1.30B-27.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 77.4B-7.8% | 83.9B-24.3% | 111B-9.6% | 123B+9.5% | 112B+42.2% | |
| P/E | 13.7×-2.6% | 14.0×-24.1% | 18.5×-6.2% | 19.7×+8.4% | 18.2×+5.6% | |
| P/S | 0.4×-18.0% | 0.5×-27.9% | 0.7×-17.8% | 0.8×-0.9% | 0.8×+25.0% | |
| P/B | 1.8×-13.1% | 2.0×-29.6% | 2.9×-15.1% | 3.4×+9.6% | 3.1×+30.8% | |
| P/FCF | 24.4×+32.3% | 18.4×+37.1% | 13.4×+14.0% | 11.8×-23.3% | 15.4×+89.0% | |
| Earnings yield | 7.3%+2.6% | 7.1%+31.8% | 5.4%+6.6% | 5.1%-7.8% | 5.5%-5.3% | |
| FCF yield | 4.1%-24.4% | 5.4%-27.1% | 7.4%-12.3% | 8.5%+30.4% | 6.5%-47.1% | |
| Dividend yield | 2.0%+9.9% | 1.8%+43.2% | 1.3%+25.8% | 1.00%+2.4% | 0.98%-17.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ELV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ELV filings on SEC EDGAR → Not investment advice.