Operating Income for Elevance Health (ELV)
According to Elevance Health's latest reported financial statements, the company's current operating income (TTM) is $7.63B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$7.63B
YoY change
-8.7%
5Y CAGR
+1.0%
Peak year (2021)
$8.95B
Cumulative operating income
$132.37B
Operating Income history chart for Elevance Health (ELV) from 1998 to 2025
Operating Income history table for Elevance Health (ELV) from 1998 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $8.11B | -8.7% | ||
| 2024 | $8.89B | +1.6% | ||
| 2023 | $8.74B | +3.5% | ||
| 2022 | $8.45B | -5.5% | ||
| 2021 | $8.95B | +16.0% | ||
| 2020 | $7.71B | +14.5% | ||
| 2019 | $6.73B | +15.4% | ||
| 2018 | $5.84B | +17.1% | ||
| 2017 | $4.99B | -8.0% | ||
| 2016 | $5.42B | +1.1% | ||
| 2015 | $5.36B | +5.1% | ||
| 2014 | $5.10B | +8.8% | ||
| 2013 | $4.69B | +6.3% | ||
| 2012 | $4.41B | -1.6% | ||
| 2011 | $4.48B | -7.3% | ||
| 2010 | $4.83B | -2.2% | ||
| 2009 | $4.94B | -0.4% | ||
| 2008 | $4.96B | -16.7% | ||
| 2007 | $5.95B | +11.0% | ||
| 2006 | $5.36B | +29.8% | ||
| 2005 | $4.13B | +130.3% | ||
| 2004 | $1.79B | +49.6% | ||
| 2003 | $1.20B | +47.9% | ||
| 2002 | $810.50M | +54.5% | ||
| 2001 | $524.60M | — | ||
| 2000 | $0 | — | ||
| 1999 | $0 | — | ||
| 1998 | $0 | — |
Operating Income values are taken from Elevance Health's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Elevance Health (ELV) came in at $8.11B – declined 8.7% year-over-year.
Over 2020–2025 (5 years), Elevance Health operating income expanded at a +1.0% compound annual rate, with the latest reading among the more recent periods of the dataset.
Elevance Health operating income peaked at $8.95B in 2021; the latest annual figure is $8.11B in 2025 (9.3% below peak).
Across the available history, operating income reached its high of $8.95B in 2021 and its low of $0 in 1998.
Elevance Health (ELV) sits 9th of 8 Healthcare peers we track on this metric, against a peer median of $22.84B.
Elevance Health Operating Income by Year
Elevance Health Operating Income 2025: $8.11B
Elevance Health operating income in 2025 was $8.11B, declined 8.7% below 2024.
Elevance Health Operating Income 2024: $8.89B
Elevance Health operating income in 2024 was $8.89B, edged up 1.6% from 2023.
Elevance Health Operating Income 2023: $8.74B
Elevance Health operating income in 2023 was $8.74B, edged up 3.5% from 2022.
Elevance Health Operating Income 2022: $8.45B
Elevance Health operating income in 2022 was $8.45B, declined 5.5% below 2021.
Elevance Health Operating Income 2021: $8.95B
Elevance Health operating income in 2021 was $8.95B.
See more financial history for Elevance Health (ELV).
Sector peers — Operating Income
Companies in the same sector as Elevance Health, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $127.66B | Healthcare |
| Eli Lilly and Company (LLY) | $29.70B | Healthcare |
| Merck & Co., Inc. (MRK) | $26.78B | Healthcare |
| Johnson & Johnson (JNJ) | $25.60B | Healthcare |
| AbbVie Inc. (ABBV) | $20.09B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $18.96B | Healthcare |
| AstraZeneca PLC (AZN) | $13.74B | Healthcare |
| Amgen Inc. (AMGN) | $10.68B | Healthcare |
Frequently asked questions
What is Elevance Health's operating income?
- Latest reported operating income for Elevance Health (ELV) is $7.63B (period ending March 31, 2026).
How has Elevance Health operating income changed year-over-year?
- Elevance Health (ELV) operating income changed -8.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Elevance Health operating income?
- Elevance Health (ELV) operating income compound annual growth rate is +1.0% over the most recent 5 years available.
When did Elevance Health operating income hit its highest annual value?
- Elevance Health operating income reached its highest annual value of $8.95B in 2021.
What was Elevance Health operating income in 2024?
- Elevance Health (ELV) operating income in 2024 was $8.89B.
What was Elevance Health operating income in 2025?
- Elevance Health (ELV) operating income in 2025 was $8.11B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
ELV Overview
Company profile, financial tools, and key metrics
ELV Revenue Counter
Earns $6,355 every second. See per minute, hour, and day.
ELV Earnings Counter
Earns $166.25 per second net profit. See per minute, hour, and day.
ELV Economic Scale
Exceeds Ukraine's GDP. Compare with world economies.
ELV What If Invested
What if you had invested $1,000? See historical returns from any date.
ELV How It Makes Money
Discover visual breakdown of $200.41B in revenue — where it comes from and where it goes.
ELV Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
ELV Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
ELV Daily Price Character
Steady · 51.8% historical win rate (green days). Streaks & record days.
ELV Buybacks
4.41% TTM buyback yield. Shareholder yield & SBC comparison.
ELV Stock Split History
1 split on record. Dates, ratios, and cumulative multiple.
ELV Dividend Profile
Yield: 1.82%. Safety: 7/8. See full history.
ELV Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
ELV Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.