The Tip Desk

Elevance Health, Inc.

Company Stats

Market Cap
$84.3B
as of Sep 30, 2026
Shares Outstanding
216.9M
Free Float
99.8%

Income Statement

Revenue
$199.1B
Operating Income
$7.2B
Net Income
$5.7B
EBITDA
$8.7B
Non-cash Impairment
$108.0M
Revenue Growth, 3Y
8.3%
FCF Margin, 3Y Avg
2.7%
FCF Margin, Worst Year
1.6%

Cash Flow

Free Cash Flow
$3.2B
FCF Yield
3.8%
Owner FCF Yield
3.4%

Balance Sheet

Cash & Equivalents
$9.5B

Returns & Capital

Dividends Paid
$1.5B
Dividend Yield
1.8%
Dividend Payout, 3Y Avg
25.2%
Share Repurchases
$2.6B
Buyback Yield, 3Y Avg
3.2%
SBC, 3Y Avg
$252.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$199.1B$3.2B1.6%
FY2024$177.0B$4.6B2.6%
FY2023$171.3B$6.8B3.9%
FY2022$156.6B$7.2B4.6%
FY2021$138.6B$7.3B5.2%

Annual filing data through FY ended December 31, 2025; shares and float as of October 27, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage