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Elevance Health Inc.Stock · Healthcare
$417.89+$1.70 (+0.41%)as of market close, Jul 2, 2026
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How Elevance Health makes money

Fiscal year

How does Elevance Health make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Elevance Health Inc. · FY2025 · year ended 2025-12-31
Revenue$199.1BGross profit$177.9B · 89%Cost of revenue$21.2B · 11%Operating income$7.2B · 4%Operating expenses$170.7B · 86%SG&A$21.0B · 11%Other opex$149.8B · 75%Net income$5.7B · 3%Income tax$1.0B · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.