Elevance Health annual operating margin
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2025
Elevance Health Operating Margin Growth & History (ELV)
Elevance Health's operating margin was 3.62% for fiscal 2025.
View full Elevance Health company overviewElevance Health annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 3.62% | −0.83 pp |
| 2024 | 2024-12-31 | 4.44% | −0.52 pp |
| 2023 | 2023-12-31 | 4.96% | −0.33 pp |
| 2022 | 2022-12-31 | 5.29% | −0.16 pp |
| 2021 | 2021-12-31 | 5.45% | +0.23 pp |
| 2020 | 2020-12-31 | 5.22% | −0.54 pp |
| 2019 | 2019-12-31 | 5.76% | −0.13 pp |
| 2018 | 2018-12-31 | 5.89% | +1.25 pp |
| 2017 | 2017-12-31 | 4.64% | −1.02 pp |
| 2016 | 2016-12-31 | 5.66% | −0.35 pp |
| 2015 | 2015-12-31 | 6.00% | +0.02 pp |
| 2014 | 2014-12-31 | 5.98% | +0.35 pp |
| 2013 | 2013-12-31 | 5.63% | −0.25 pp |
| 2012 | 2012-12-31 | 5.89% | −0.34 pp |
| 2011 | 2011-12-31 | 6.23% | −0.72 pp |
| 2010 | 2010-12-31 | 6.95% | +0.51 pp |
| 2009 | 2009-12-31 | 6.44% | −0.66 pp |
| 2008 | 2008-12-31 | 7.10% | — |
Elevance Health quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.49% | −1.38 pp |
| Q1 2026 | 2026-03-31 | 4.16% | −2.33 pp |
| Q4 2025 | 2025-12-31 | 0.62% | −0.86 pp |
| Q3 2025 | 2025-09-30 | 2.55% | −0.57 pp |
| Q2 2025 | 2025-06-30 | 4.87% | −1.43 pp |
| Q1 2025 | 2025-03-31 | 6.48% | −0.60 pp |
| Q4 2024 | 2024-12-31 | 1.48% | −1.53 pp |
| Q3 2024 | 2024-09-30 | 3.12% | −0.98 pp |
| Q2 2024 | 2024-06-30 | 6.30% | +0.28 pp |
| Q1 2024 | 2024-03-31 | 7.08% | +0.37 pp |
| Q4 2023 | 2023-12-31 | 3.01% | −0.14 pp |
| Q3 2023 | 2023-09-30 | 4.10% | −1.54 pp |
| Q2 2023 | 2023-06-30 | 6.02% | −0.06 pp |
| Q1 2023 | 2023-03-31 | 6.71% | +0.34 pp |
| Q4 2022 | 2022-12-31 | 3.15% | −0.29 pp |
| Q3 2022 | 2022-09-30 | 5.64% | −0.11 pp |
| Q2 2022 | 2022-06-30 | 6.07% | −0.07 pp |
| Q1 2022 | 2022-03-31 | 6.37% | −0.30 pp |
| Q4 2021 | 2021-12-31 | 3.44% | +1.54 pp |
| Q3 2021 | 2021-09-30 | 5.75% | +5.10 pp |
| Q2 2021 | 2021-06-30 | 6.15% | −5.33 pp |
| Q1 2021 | 2021-03-31 | 6.67% | −0.73 pp |
| Q4 2020 | 2020-12-31 | 1.90% | −2.11 pp |
| Q3 2020 | 2020-09-30 | 0.65% | −5.08 pp |
| Q2 2020 | 2020-06-30 | 11.48% | +5.85 pp |
| Q1 2020 | 2020-03-31 | 7.41% | −0.46 pp |
| Q4 2019 | 2019-12-31 | 4.01% | +0.80 pp |
| Q3 2019 | 2019-09-30 | 5.73% | +0.36 pp |
| Q2 2019 | 2019-06-30 | 5.63% | −1.17 pp |
| Q1 2019 | 2019-03-31 | 7.87% | −0.42 pp |
| Q4 2018 | 2018-12-31 | 3.21% | +1.53 pp |
| Q3 2018 | 2018-09-30 | 5.37% | +0.99 pp |
| Q2 2018 | 2018-06-30 | 6.79% | +1.32 pp |
| Q1 2018 | 2018-03-31 | 8.29% | +1.25 pp |
| Q4 2017 | 2017-12-31 | 1.68% | −1.33 pp |
| Q3 2017 | 2017-09-30 | 4.38% | −0.66 pp |
| Q2 2017 | 2017-06-30 | 5.48% | −1.52 pp |
| Q1 2017 | 2017-03-31 | 7.04% | −0.70 pp |
| Q4 2016 | 2016-12-31 | 3.00% | +0.83 pp |
| Q3 2016 | 2016-09-30 | 5.04% | −1.10 pp |
| Q2 2016 | 2016-06-30 | 6.99% | −0.56 pp |
| Q1 2016 | 2016-03-31 | 7.74% | −0.55 pp |
| Q4 2015 | 2015-12-31 | 2.18% | −2.49 pp |
| Q3 2015 | 2015-09-30 | 6.14% | −0.28 pp |
| Q2 2015 | 2015-06-30 | 7.55% | +0.93 pp |
| Q1 2015 | 2015-03-31 | 8.29% | +2.03 pp |
| Q4 2014 | 2014-12-31 | 4.66% | +2.32 pp |
| Q3 2014 | 2014-09-30 | 6.42% | +0.81 pp |
| Q2 2014 | 2014-06-30 | 6.62% | −0.30 pp |
| Q1 2014 | 2014-03-31 | 6.26% | −1.46 pp |
| Q4 2013 | 2013-12-31 | 2.34% | −0.34 pp |
| Q3 2013 | 2013-09-30 | 5.61% | −0.93 pp |
| Q2 2013 | 2013-06-30 | 6.92% | +0.48 pp |
| Q1 2013 | 2013-03-31 | 7.72% | −0.14 pp |
| Q4 2012 | 2012-12-31 | 2.69% | −0.66 pp |
| Q3 2012 | 2012-09-30 | 6.54% | +0.22 pp |
| Q2 2012 | 2012-06-30 | 6.44% | +0.17 pp |
| Q1 2012 | 2012-03-31 | 7.87% | −1.20 pp |
| Q4 2011 | 2011-12-31 | 3.35% | −1.39 pp |
| Q3 2011 | 2011-09-30 | 6.32% | −0.82 pp |
| Q2 2011 | 2011-06-30 | 6.27% | −1.06 pp |
| Q1 2011 | 2011-03-31 | 9.07% | +0.53 pp |
| Q4 2010 | 2010-12-31 | 4.74% | −3.57 pp |
| Q3 2010 | 2010-09-30 | 7.13% | +0.07 pp |
| Q2 2010 | 2010-06-30 | 7.33% | — |
| Q1 2010 | 2010-03-31 | 8.54% | — |
| Q3 2009 | 2009-09-30 | 8.31% | — |
| Q2 2009 | 2009-06-30 | 7.06% | — |
Elevance Health operating margin trends
Over the last five reported fiscal years, Elevance Health's operating margin decreased from 5.22% to 3.62%, a change of −1.60 percentage points. The latest reported quarter, Q2 2026, shows 3.49%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Elevance Health filings at SEC.gov ↗