How does Elevance Health (ELV) make money?

Elevance Health (ELV) primarily makes money through Health Benefits Segment, which accounts for 73% of total revenue. For TTM through Q1 2026, Elevance Health generated $200.41B in total revenue with a net profit margin of 2.6%.

What is Elevance Health (ELV) gross profit margin?

Elevance Health (ELV) reported a gross profit margin of 23.2% for TTM through Q1 2026, equivalent to $46.43B in gross profit. This means Elevance Health retains 23.2% of each revenue unit after direct costs of production.

What is Elevance Health (ELV) operating profit margin?

Elevance Health (ELV) reported an operating profit margin of 3.8% for TTM through Q1 2026, equivalent to $7.63B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Elevance Health (ELV) net profit margin?

Elevance Health (ELV) reported a net profit margin of 2.6% for TTM through Q1 2026, equivalent to $5.24B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Elevance Health (ELV) spend on capital expenditures?

Elevance Health (ELV) spent $1.16B on capital expenditures in TTM through Q1 2026 (0.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Elevance Health (ELV) free cash flow?

Elevance Health (ELV) generated $6.45B in free cash flow for TTM through Q1 2026 (3.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Elevance Health (ELV) effective tax rate?

Elevance Health (ELV) had an effective tax rate of 15.8% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Elevance Health (ELV) Makes Money: A Visual Guide

Elevance Health (ELV) generated $200.41B in revenue, earning $5.24B in net profit (2.6% margin). Its largest revenue source is Health Benefits Segment (73% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Elevance Health (ELV) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 22, 2026).

Frequently asked questions

How does Elevance Health (ELV) make money?: Elevance Health (ELV) primarily makes money through Health Benefits Segment, which accounts for 73% of total revenue. For TTM through Q1 2026, Elevance Health generated $200.41B in total revenue with a net profit margin of 2.6%.
What is Elevance Health (ELV) gross profit margin?: Elevance Health (ELV) reported a gross profit margin of 23.2% for TTM through Q1 2026, equivalent to $46.43B in gross profit. This means Elevance Health retains 23.2% of each revenue unit after direct costs of production.
What is Elevance Health (ELV) operating profit margin?: Elevance Health (ELV) reported an operating profit margin of 3.8% for TTM through Q1 2026, equivalent to $7.63B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Elevance Health (ELV) net profit margin?: Elevance Health (ELV) reported a net profit margin of 2.6% for TTM through Q1 2026, equivalent to $5.24B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Elevance Health (ELV) spend on capital expenditures?: Elevance Health (ELV) spent $1.16B on capital expenditures in TTM through Q1 2026 (0.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Elevance Health (ELV) free cash flow?: Elevance Health (ELV) generated $6.45B in free cash flow for TTM through Q1 2026 (3.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Elevance Health (ELV) effective tax rate?: Elevance Health (ELV) had an effective tax rate of 15.8% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.