Elevance Health share price today

Elevance Health, Inc.'s share price was $434.17 at the close on 4 November 2026. It has been rising for 12 weeks. That is 16.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between $286 and $440, and at that close it sat 96% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Elevance Health, Inc. is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 4 weeks in a row.

Over the last 10 years the share price moved +229% while the S&P 500 moved +261%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Elevance Health, Inc. paid $6.87 per share over the last four reported quarters. The most recent declaration was $1.72 for Sep 2026. At today's price of $434.17 that is a yield of 1.58%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Elevance Health is on one of our US lists: S&P 500 companies.

Elevance Health, Inc. earned $1.4 B of net profit in the Sep 2026 quarter, +14.8% on the same quarter a year earlier. Full-year FY25 profit was $5.7 B. Over 4 years profit has grown −2.1% a year on average. That is 2.7% of the quarter's revenue. The same quarter a year earlier earned $1.2 B.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was $5.7 B (−5.3% on the year before).

Why profit moved: revenue changed +1.4% on a year earlier and the margin moved +0.7 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +2.6% and revenue +3.7%. Profit and revenue are moving at about the same pace.

Elevance Health, Inc. reported $51.4 B of revenue in the Sep 2026 quarter, +1.4% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 4 years it has grown 9.5% a year on average. The last full year, FY25, came in at $199 B.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $202 B.

FY25 revenue was $199 B, +12.6% on the year before.

Recent pace: the last four quarters grew +3.7% on average, against 9.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +3.6%, against +7.7% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −7.1%, against −10.5% a year (accelerating).

Elevance Health, Inc.'s operating margin was 4.2% in the Sep 2026 quarter, 0.7 percentage points higher than the same quarter a year ago. Across 5 years it has been between 4.2% and 6.5%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Over the last 3 years, 103% of Elevance Health, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $4.3 B of operating cash against $5.7 B of profit. After null of spending on assets, $3.2 B was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Elevance Health, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Elevance Health, Inc.'s P/E is 18.5×, in the middle of its own history: higher than 60% of past readings. Its usual P/E (the middle reading) is 17.9×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −1.8% while the price moved +36.6%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved −1.2% a year; about −2.3% a year came from earnings growth and about +1.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Elevance Health, Inc.'s business is getting worse. Profit and EPS growth are shrinking: profit growth is −7.1% in the latest quarter, against +7.0% at its best in 12 quarters, with ROCE steady at 12.6%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Elevance Health, Inc. earned a ROE of 13% in FY25. Its return on capital used (ROIC) is 1.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 2.8% net margin and 1.64× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a 2.8% net margin × 1.64× asset turnover × 2.76× leverage (assets divided by equity) ≈ 12.7% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 8.6% − 7.1% = +1.5 percentage points. The 7.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.