Elevance Health annual free cash flow
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2025
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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| 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 | −$1.52B | −99.93% | +0.01% |
| Q3 2014 | 2014-09-30 | $466.3M | −$383.1M | −45.10% | +2.51% |
| Q2 2014 | 2014-06-30 | $935.5M | $345.5M | +58.56% | +5.06% |
| Q1 2014 | 2014-03-31 | $1.25B | $1.16B | +1274.09% | +7.01% |
| Q3 2013 | 2013-09-30 | $1.52B | $1.10B | +262.99% | +8.52% |
| Q1 2013 | 2013-03-31 | $849.4M | −$249.9M | −22.73% | +4.83% |
| Q4 2012 | 2012-12-31 | $590.0M | $717.2M | — | +3.85% |
| Q3 2012 | 2012-09-30 | $91.1M | −$1.21B | −93.00% | +0.59% |
| 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 | −$895.0M | — | −0.40% |
| Q3 2009 | 2009-09-30 | $1.33B | — | — | +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 SEC-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.
Review Elevance Health filings at SEC.gov ↗