How Elevance Health (ELV) Makes Money: A Visual Guide
Elevance Health (ELV) generated $199.13B in revenue (TTM through Q4 2025), earning $5.66B in net profit (2.8% margin). Its largest revenue source is Health Benefits Segment (70% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Elevance Health (ELV) Income Statement Flow
Frequently asked questions
How does Elevance Health (ELV) make money?
- Elevance Health (ELV) primarily makes money through Health Benefits Segment, which accounts for 70% of total revenue. For TTM through Q4 2025, Elevance Health generated $199.13B in total revenue with a net profit margin of 2.8%.
What is Elevance Health (ELV) gross profit margin?
- Elevance Health (ELV) reported a gross profit margin of 25.6% for TTM through Q4 2025, equivalent to $50.90B in gross profit. This means Elevance Health retains 25.6% 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 4.1% for TTM through Q4 2025, equivalent to $8.11B 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 2.8% for TTM through Q4 2025, equivalent to $5.66B 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 $1.12B on capital expenditures in TTM through Q4 2025 (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 $3.17B in free cash flow for TTM through Q4 2025 (1.6% 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 15.6% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- 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 sum the last four quarters. 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 Q4 2025.