Health Care · Managed Health Care
Elevance Health: revenue, profit and dividends
In fiscal 2025, Elevance Health had revenue of $199B, up 9.7% a year on average since 2015, and net income of $5.66B (2.8% of revenue). Its dividend per share has gone up 14 years in a row, to $6.84. It has 18% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +12.5% vs 2024
- Ticker
- ELV · NYSE
- Sector
- Health Care
- Sub-industry
- Managed Health Care
- Headquarters
- Indianapolis, Indiana
- Founded
- 2014 (1946)
- In the S&P 500 since
- July 25, 2002
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Elevance Health, Inc. · CIK 0001156039
Revenue and net income
Revenue went from $61.2B in 2007 to $199B in 2025.
Diluted earnings per share
Diluted EPS went from $5.56 in 2007 to $25.21 in 2025. Ten-year growth: 10.4% a year.
Dividends per share
Raised 14 years in a row, every year from 2012 to 2025. Ten-year growth: 10.6% a year.
Shares outstanding
17.7% fewer shares in 2025 than in 2015 (273M → 225M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $3.17B in 2025, 1.6% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $199B | $5.66B | 2.8% | $25.21 | $6.84* | 225M | $4.29B | $1.12B | $3.17B |
| 2024 | $177B | $5.98B | 3.4% | $25.68 | $6.52* | 233M | $5.81B | $1.26B | $4.55B |
| 2023 | $171B | $5.99B | 3.5% | $25.22 | $5.92 | 237M | $8.06B | $1.3B | $6.76B |
| 2022 | $157B | $5.89B | 3.8% | $24.28 | $5.12 | 243M | $8.4B | $1.15B | $7.25B |
| 2021 | $139B | $6.16B | 4.4% | $24.95 | $4.52 | 247M | $8.36B | $1.09B | $7.28B |
| 2020 | $122B | $4.57B | 3.8% | $17.98 | $3.80 | 254M | $10.7B | $1.02B | $9.67B |
| 2019 | $104B | $4.81B | 4.6% | $18.47 | $3.20 | 260M | $6.06B | $1.08B | $4.98B |
| 2018 | $92.1B | $3.75B | 4.1% | $14.19 | $3.00 | 264M | $3.83B | $1.21B | $2.62B |
| 2017 | $90B | $3.84B | 4.3% | $14.35 | $2.70 | 268M | $4.18B | $791M | $3.39B |
| 2016 | $84.9B | $2.47B | 2.9% | $9.21 | $2.60 | 268M | $3.27B | $584M | $2.69B |
| 2015 | $79.2B | $2.56B | 3.2% | $9.38 | $2.50 | 273M | $4.21B | $638M | $3.57B |
| 2014 | $73.9B | $2.57B | 3.5% | $8.99 | $1.75 | 286M | $3.37B | $715M | $2.65B |
| 2013 | $71B | $2.49B | 3.5% | $8.20 | $1.50 | 304M | $3.05B | $646M | $2.41B |
| 2012 | $61.5B | $2.66B | 4.3% | $8.18 | $1.15 | 325M | $2.74B | $545M | $2.2B |
| 2011 | $60.7B | $2.65B | 4.4% | $7.25 | $1.00 | 365M | $3.37B | $520M | $2.85B |
| 2010 | $58.7B | $2.89B | 4.9% | $6.94 | $0.00 | 416M | $1.42B | $451M | $965M |
| 2009 | $64.9B | $4.75B | 7.3% | $9.88 | — | 480M | $3.04B | $378M | $2.66B |
| 2008 | $61.3B | $2.49B | 4.1% | $4.76 | — | 523M | $2.54B | $346M | $2.19B |
| 2007 | $61.2B | $3.35B | 5.5% | $5.56 | — | — | $4.34B | $322M | $4.02B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- Dividends per share for 2024–2025 are added up from the quarterly reports.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Managed Health Care companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.