Elevance Health annual free cash flow
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Elevance Health Free Cash Flow (FCF) History (ELV)
Elevance Health reported $3.17B in free cash flow for fiscal 2025, a decrease of 30.27% from the previous fiscal year, with a free cash flow margin of 1.59%.
View full Elevance Health company overviewElevance Health free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.17B | −$1.38B | −30.27% | +1.59% |
| 2024 | 2024-12-31 | $4.55B | −$2.21B | −32.71% | +2.57% |
| 2023 | 2023-12-31 | $6.76B | −$482.0M | −6.65% | +3.95% |
| 2022 | 2022-12-31 | $7.25B | −$30.0M | −0.41% | +4.63% |
| 2021 | 2021-12-31 | $7.28B | −$2.39B | −24.72% | +5.25% |
| 2020 | 2020-12-31 | $9.67B | $4.68B | +93.96% | +7.93% |
| 2019 | 2019-12-31 | $4.98B | $2.37B | +90.30% | +4.78% |
| 2018 | 2018-12-31 | $2.62B | −$775.0M | −22.83% | +2.84% |
| 2017 | 2017-12-31 | $3.39B | $708.0M | +26.36% | +3.77% |
| 2016 | 2016-12-31 | $2.69B | −$887.7M | −24.84% | +3.17% |
| 2015 | 2015-12-31 | $3.57B | $919.0M | +34.62% | +4.51% |
| 2014 | 2014-12-31 | $2.65B | $248.9M | +10.35% | +3.59% |
| 2013 | 2013-12-31 | $2.41B | $206.1M | +9.37% | +3.39% |
| 2012 | 2012-12-31 | $2.20B | −$655.2M | −22.95% | +3.58% |
| 2011 | 2011-12-31 | $2.85B | $1.89B | +195.75% | +4.70% |
| 2010 | 2010-12-31 | $965.3M | −$1.70B | −63.72% | +1.64% |
| 2009 | 2009-12-31 | $2.66B | $470.7M | +21.50% | +4.10% |
| 2008 | 2008-12-31 | $2.19B | −$1.83B | −45.56% | +3.58% |
| 2007 | 2007-12-31 | $4.02B | — | — | +6.58% |
Elevance Health quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.63B | −$161.0M | −9.01% | +3.22% |
| Q1 2026 | 2026-03-31 | $4.10B | $3.28B | +399.03% | +8.16% |
| Q4 2025 | 2025-12-31 | −$209.0M | −$593.0M | — | −0.42% |
| Q3 2025 | 2025-09-30 | $775.0M | −$1.57B | −66.95% | +1.53% |
| Q2 2025 | 2025-06-30 | $1.79B | $1.66B | +1341.13% | +3.59% |
| Q1 2025 | 2025-03-31 | $821.0M | −$878.0M | −51.68% | +1.68% |
| Q4 2024 | 2024-12-31 | $384.0M | $3.68B | — | +0.85% |
| Q3 2024 | 2024-09-30 | $2.35B | $51.0M | +2.22% | +5.20% |
| Q2 2024 | 2024-06-30 | $124.0M | −$1.48B | −92.25% | +0.28% |
| Q1 2024 | 2024-03-31 | $1.70B | −$4.47B | −72.45% | +3.99% |
| Q4 2023 | 2023-12-31 | −$3.30B | −$1.48B | — | −7.73% |
| Q3 2023 | 2023-09-30 | $2.29B | −$2.33B | −50.34% | +5.35% |
| Q2 2023 | 2023-06-30 | $1.60B | −$557.0M | −25.82% | +3.66% |
| Q1 2023 | 2023-03-31 | $6.17B | $3.88B | +169.70% | +14.63% |
| Q4 2022 | 2022-12-31 | −$1.82B | −$3.15B | — | −4.55% |
| Q3 2022 | 2022-09-30 | $4.62B | $2.37B | +105.65% | +11.57% |
| Q2 2022 | 2022-06-30 | $2.16B | $759.0M | +54.29% | +5.58% |
| Q1 2022 | 2022-03-31 | $2.29B | −$14.0M | −0.61% | +6.00% |
| Q4 2021 | 2021-12-31 | $1.33B | −$2.20B | −62.32% | +3.64% |
| Q3 2021 | 2021-09-30 | $2.25B | $3.70B | — | +6.27% |
| Q2 2021 | 2021-06-30 | $1.40B | −$3.88B | −73.51% | +4.13% |
| Q1 2021 | 2021-03-31 | $2.30B | −$10.0M | −0.43% | +7.11% |
| Q4 2020 | 2020-12-31 | $3.54B | $2.56B | +262.19% | +11.11% |
| Q3 2020 | 2020-09-30 | −$1.46B | −$2.85B | — | −4.67% |
| Q2 2020 | 2020-06-30 | $5.28B | $4.06B | +333.96% | +18.03% |
| Q1 2020 | 2020-03-31 | $2.31B | $915.0M | +65.54% | +7.80% |
| Q4 2019 | 2019-12-31 | $976.0M | $833.0M | +582.52% | +3.56% |
| Q3 2019 | 2019-09-30 | $1.40B | $1.14B | +453.97% | +5.23% |
| Q2 2019 | 2019-06-30 | $1.22B | $989.0M | +435.68% | +4.77% |
| Q1 2019 | 2019-03-31 | $1.40B | −$601.0M | −30.10% | +5.66% |
| Q4 2018 | 2018-12-31 | $143.0M | $1.72B | — | +0.61% |
| Q3 2018 | 2018-09-30 | $252.0M | −$1.93B | −88.47% | +1.08% |
| Q2 2018 | 2018-06-30 | $227.0M | $3.5M | +1.57% | +0.99% |
| Q1 2018 | 2018-03-31 | $2.00B | −$563.3M | −22.00% | +8.86% |
| Q4 2017 | 2017-12-31 | −$1.58B | −$1.68B | — | −6.95% |
| Q3 2017 | 2017-09-30 | $2.19B | $1.39B | +173.41% | +9.75% |
| Q2 2017 | 2017-06-30 | $223.5M | −$312.4M | −58.29% | +1.00% |
| Q1 2017 | 2017-03-31 | $2.56B | $1.32B | +106.09% | +11.37% |
| Q4 2016 | 2016-12-31 | $108.2M | −$706.9M | −86.73% | +0.50% |
| Q3 2016 | 2016-09-30 | $799.6M | $634.8M | +385.19% | +3.74% |
| Q2 2016 | 2016-06-30 | $535.9M | −$496.2M | −48.08% | +2.50% |
| Q1 2016 | 2016-03-31 | $1.24B | −$319.4M | −20.45% | +6.12% |
| Q4 2015 | 2015-12-31 | $815.1M | $814.0M | +74000.00% | +4.04% |
| Q3 2015 | 2015-09-30 | $164.8M | −$301.5M | −64.66% | +0.83% |
| Q2 2015 | 2015-06-30 | $1.03B | $96.6M | +10.33% | +5.16% |
| Q1 2015 | 2015-03-31 | $1.56B | $309.9M | +24.76% | +8.20% |
| Q4 2014 | 2014-12-31 | $1.1M | — | — | +0.01% |
| Q3 2014 | 2014-09-30 | $466.3M | −$772.5M | −62.36% | +2.51% |
| Q2 2014 | 2014-06-30 | $935.5M | — | — | +5.06% |
| Q1 2014 | 2014-03-31 | $1.25B | $402.4M | +47.37% | +7.01% |
| Q3 2013 | 2013-09-30 | $1.24B | $1.15B | +1259.82% | +6.94% |
| Q1 2013 | 2013-03-31 | $849.4M | −$249.9M | −22.73% | +4.83% |
| Q4 2012 | 2012-12-31 | $590.0M | $717.2M | — | +3.82% |
| Q3 2012 | 2012-09-30 | $91.1M | −$1.21B | −93.00% | +0.60% |
| Q2 2012 | 2012-06-30 | $419.3M | −$247.8M | −37.15% | +2.72% |
| Q1 2012 | 2012-03-31 | $1.10B | $86.3M | +8.52% | +7.13% |
| Q4 2011 | 2011-12-31 | −$127.2M | −$596.4M | — | −0.83% |
| Q3 2011 | 2011-09-30 | $1.30B | $516.3M | +65.71% | +8.46% |
| Q2 2011 | 2011-06-30 | $667.1M | $513.6M | +334.59% | +4.42% |
| Q1 2011 | 2011-03-31 | $1.01B | $1.46B | — | +6.80% |
| Q4 2010 | 2010-12-31 | $469.2M | $545.6M | — | +3.21% |
| Q3 2010 | 2010-09-30 | $785.7M | −$539.5M | −40.71% | +5.39% |
| Q2 2010 | 2010-06-30 | $153.5M | −$135.1M | −46.81% | +1.06% |
| Q1 2010 | 2010-03-31 | −$443.1M | −$1.57B | — | −2.94% |
| Q4 2009 | 2009-12-31 | −$76.4M | — | — | −0.40% |
| Q3 2009 | 2009-09-30 | $1.33B | $506.6M | +61.89% | +8.59% |
| Q2 2009 | 2009-06-30 | $288.6M | — | — | +1.87% |
| Q1 2009 | 2009-03-31 | $1.12B | — | — | +7.42% |
| Q3 2008 | 2008-09-30 | $818.6M | — | — | +5.47% |
Elevance Health free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $9.67B to $3.17B, a compound annual decline of 19.97%. Elevance Health's latest reported quarter, Q2 2026, generated $1.63B in free cash flow, a decrease of 9.01% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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