Filing Flows › Elevance Health (ELV) › Operating margin
Elevance Health (ELV) operating margin by quarter
Elevance Health's operating margin was 2.5% in Q3 2026 (third quarter 2026), -1.0 pts from Q2 2026. Over the last 7 quarters it ranged from 0.6% (Q4 2025) to 6.5% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 2.5% | -1.0 pts | -0.1 pts |
| Q2 2026 | 3.5% | -0.7 pts | -1.4 pts |
| Q1 2026 | 4.2% | +3.5 pts | -2.3 pts |
| Q4 2025 | 0.6% | -1.9 pts | — |
| Q3 2025 | 2.6% | -2.3 pts | — |
| Q2 2025 | 4.9% | -1.6 pts | — |
| Q1 2025 | 6.5% | — | — |
Q3 2026 at a glance
Elevance Health, Q3 2026: revenue $51.4B (+1% year over year), operating margin 2.5%, net earnings $1.3B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
Questions
What is Elevance Health's operating margin?
Elevance Health's operating margin was 2.5% in Q3 2026 (third quarter 2026), -1.0 pts from Q2 2026.
How has Elevance Health's operating margin changed?
Over the last 7 quarters it ranged from 0.6% (Q4 2025) to 6.5% (Q1 2025).