The financials
Elevance Health by the numbers
Elevance Health (ELV) reported revenue of $50.5B in Q2 2026 (quarter ended June 30, 2026), up 1.4% from the same quarter a year earlier. That came with a gross margin of 89% and net income of $1.46B (2.9% of revenue). For the full year FY2025, revenue was $199.1B (+12% year on year) and net income $5.66B. Its largest segment in 2026-Q2 was Reportable at $50.5B, 89% of the disclosed total, just ahead of Carelon Rx at 11%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $50.5B | $49.8B | +1.4% |
| Gross profit | $45.0B | $44.5B | +1.1% |
| Operating income | $1.76B | $2.42B | −27% |
| Net income | $1.46B | $1.74B | −16% |
| Diluted EPS | $6.71 | $7.72 | −13% |
| Operating | Revenue | Share |
|---|---|---|
| Reportable | $50.5B | 89% |
| Carelon Rx | $6.26B | 11% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $56.74B (+0.59%)
Carelon Rx grew +3.7% year on yearReportable +1.4% year on year
Segment Latestquarter on quarteryear on year
- Reportable$50.47B$50.47BQoQ +0.58%year on year +1.4%+0.58%+1.4%
- Carelon Rx$6.26B$6.26BQoQ +0.63%year on year +3.7%+0.63%+3.7%
- Carelon Services$0.00$0.00QoQ -year on year ---
- Corporate And Other$0.00$0.00QoQ -year on year ---
- Health Benefits$0.00$0.00QoQ -year on year ---
Healthcare Plans
Ranks #4 of 11 by Smart Score