Elevance Health, Inc.ELV

NYSEHealthcareHospital & Medical Service Plans
Price (close)
$398.25
Market cap
$86.4B
P/E
17.4x
Revenue (TTM)
$201.1B
Net income
$5.0B
Dividend yield
1.73%
1-year total return
28.3%
Net margin
2.5%
Revenue growth
6.3%
Debt / equity
0.69x

What Elevance Health, Inc. does.

Elevance Health and its direct and indirect subsidiaries, referred to throughout this document as “we,” “us,” “our,” the “Company” or “Elevance Health,” is a leading health company bringing together the concepts of elevate and advance. We are focused on enhancing well-being and advancing health outcomes by delivering integrated, whole health solutions across the care journey. We support consumers throughout their full health journeys with medical, pharmacy, and behavioral health services designed to address their whole health needs. Through this comprehensive approach, we aim to improve the health of the people and communities we serve. We advance our mission by collaborating with care providers and community organizations, fostering innovation that supports growth and equal opportunity for health access, and cultivating a high-performance culture.

We are one of the largest health insurers in the United States in terms of medical membership, serving approximately 45.2 million medical members through our affiliated health plans as of December 31, 2025. We offer a broad spectrum of network-based managed care risk-based plans to Individual, Employer Group, Medicaid and Medicare markets. In addition, we provide a broad array of managed care services to fee-based customers, including claims processing, stop loss insurance, care provider network access, medical management, care management, wellness programs, actuarial services and other administrative services. Across these markets, we generate revenue through risk-based premiums, administrative fees from self-funded employers and pharmacy and health service fees through our Carelon businesses. We provide services to the federal government in connection with our Federal Health Products & Services business, which administers the Federal Employee Program ® (“FEP ® ”). We provide an array of specialty services both to customers of our subsidiary health plans and to unaffiliated health plans, including pharmacy services, stop loss insurance, dental, vision and supplemental health insurance benefits, as well as integrated health services.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$121.9B$138.6B$156.6B$171.3B$177.0B$199.1B
Net income$4.6B$6.2B$5.9B$6.0B$6.0B$5.7B
Free cash flow$9.7B$7.3B$7.2B$6.8B$4.6B$3.2B

More on ELV.

Figures from Elevance Health, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.