Stock research

Elevance Health, Inc. (ELV) Stock Research

Elevance Health provides health insurance plans, largely under the Anthem Blue Cross Blue Shield brand.

For the fiscal year ended December 31, 2025, Elevance Health, Inc. reported revenue of $199.1B and net income of $5.7B, with operating cash flow of $4.3B. Source: Form 10-K filed February 6, 2026

SEC data as of

Revenue
$199.1B
FY ending 2025-12-31
Net income
$5.7B
FY ending 2025-12-31
Diluted EPS
$25.21
Net margin
2.8%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Elevance Health

Exchange
NYSE: ELV
Sector
Health Care
SEC industry
Hospital & Medical Service Plans (SIC 6324)
Fiscal year end
December 31

ELV key financials

Reported figures from Elevance Health, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$199.1B2025-01-01 – 2025-12-31SEC filing
Net income$5.7B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$4.3B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$25.212025-01-01 – 2025-12-31SEC filing
Net margin2.8%2025-01-01 – 2025-12-31SEC filing
Shares outstanding221MAs of 2026-02-01SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in ELV

Elevance Health, Inc. sits in Health Care. Pharmaceuticals, biotech, medical devices, and managed care — defensive demand paired with binary drug and regulatory catalysts. We have not yet written company-specific drivers for ELV; the forces that matter most for the sector are:

  • ◆Drug approvals and clinical-trial readouts
  • ◆Medicare and drug-pricing policy
  • ◆Demographics and an aging population
  • ◆GLP-1 and obesity-drug demand

Key questions for the ELV thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does ELV's reported profit turn into cash?

Operating cash flow was $4.3B, 0.76 times net income of $5.7B, for the fiscal year ended December 31, 2025.

Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.

Form 10-K filed February 6, 2026

How much of ELV's revenue is left as profit?

Net income was 2.8% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 6, 2026

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Congressional trading in ELV

PoliticianTrade dateTypeOwnerAmountSource
Alan Armstrong2026-03-27PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Lisa McClain2025-08-13SaleSpouse$1,001 - $15,000Filing #20030932
Gilbert Cisneros2025-08-05PurchaseSelf$1,001 - $15,000Filing #20031022
Lisa McClain2025-07-10PurchaseSpouse$1,001 - $15,000Filing #20030891
Lisa McClain2025-06-24PurchaseSpouse$1,001 - $15,000Filing #20030891
Gilbert Cisneros2025-05-30SaleSelf$1,001 - $15,000Filing #20030461
Robert Bresnahan2025-05-15SaleSelf$15,001 - $50,000Filing #20030433
Jefferson Shreve2025-05-12SaleSelf$15,001 - $50,000Filing #20030387
Gilbert Cisneros2025-04-29PurchaseSelf$1,001 - $15,000Filing #20030288
Dan Newhouse2025-04-11SaleSpouse$1,001 - $15,000Filing #20030292

All verified ELV congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

ELV — frequently asked questions

What does Elevance Health, Inc. do?

Elevance Health provides health insurance plans, largely under the Anthem Blue Cross Blue Shield brand.

What were ELV's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Elevance Health, Inc. reported revenue of $199.1B and net income of $5.7B, with operating cash flow of $4.3B. The figures come from Elevance Health, Inc.'s SEC XBRL filings.

When does Elevance Health, Inc.'s fiscal year end?

The SEC lists Elevance Health, Inc.'s fiscal year end as December 31.

Do members of Congress trade ELV?

The current verified House and Senate snapshot contains 17 transaction rows for ELV, each linked to the original filing.

Is ELV a good investment?

This page does not rate ELV as a buy or sell. It sets out what Elevance Health, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the ELV numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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