Filing Flows › Elevance Health (ELV) › How it makes money
How Elevance Health (ELV) makes money
Elevance Health (ELV) made $51.4B of revenue in the third quarter 2026 (Q3 2026), +1% from a year earlier. Of every dollar of revenue, 2¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $51.4B | 100.0% |
| Operating profit | $1.3B | 2.5% |
| Income tax | $451M | 0.9% |
| Net earnings | $1.3B | 2.6% |
| Operating cash flow | $1.3B | 2.5% |
| Free cash flow | $1.0B | 1.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $51.4B | +1% |
| Q2 2026 | $50.5B | +1% |
| Q1 2026 | $50.2B | +3% |
| Q4 2025 | $49.7B | +10% |
| Q3 2025 | $50.7B | +12% |
| Q2 2025 | $49.8B | +13% |
| Q1 2025 | $48.9B | +15% |
From Elevance Health's 10-Q filed Oct 21, 2026 (on EDGAR).
Questions
How does Elevance Health make money?
Elevance Health (ELV) made $51.4B of revenue in the third quarter 2026 (Q3 2026), +1% from a year earlier. Of every dollar of revenue, 2¢ was left as operating profit, 3¢ was left as net earnings.
What is Elevance Health's profit margin?
Net earnings were $1.3B, 2.6% of revenue, in the third quarter 2026; the operating margin was 2.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.