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Elevance Health (ELV) Revenue & Revenue Breakdown

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Elevance Health Revenue Highlights

Latest Revenue (Y)

$171.34B

Latest Revenue (Q)

$45.15B

Main Segment (Y)

Health Benefits Segment

Elevance Health Revenue by Period

Elevance Health Revenue by Year

DateRevenueChange
2023-12-31$171.34B9.42%
2022-12-31$156.59B12.95%
2021-12-31$138.64B13.76%
2020-12-31$121.87B16.94%
2019-12-31$104.21B13.15%
2018-12-31$92.11B2.29%
2017-12-31$90.04B5.96%
2016-12-31$84.98B7.24%
2015-12-31$79.24B7.19%
2014-12-31$73.92B3.94%
2013-12-31$71.12B15.58%
2012-12-31$61.53B1.20%
2011-12-31$60.80B3.34%
2010-12-31$58.84B-4.55%
2009-12-31$61.64B-

Elevance Health generated $171.34B in revenue during NA 2023, up 9.42% compared to the previous quarter, and up 186.03% compared to the same period a year ago.

Elevance Health Revenue by Quarter

DateRevenueChange
2024-09-30$45.15B3.43%
2024-06-30$43.65B2.51%
2024-03-31$42.58B-0.16%
2023-12-31$42.65B-0.47%
2023-09-30$42.85B-1.88%
2023-06-30$43.67B3.56%
2023-03-31$42.17B5.62%
2022-12-31$39.93B-0.03%
2022-09-30$39.94B3.38%
2022-06-30$38.63B1.41%
2022-03-31$38.09B4.14%
2021-12-31$36.58B2.12%
2021-09-30$35.82B5.82%
2021-06-30$33.85B4.53%
2021-03-31$32.38B1.76%
2020-12-31$31.82B2.14%
2020-09-30$31.16B6.47%
2020-06-30$29.26B-1.21%
2020-03-31$29.62B8.08%
2019-12-31$27.41B2.75%
2019-09-30$26.67B4.74%
2019-06-30$25.47B3.24%
2019-03-31$24.67B5.53%
2018-12-31$23.37B0.52%
2018-09-30$23.25B1.34%
2018-06-30$22.94B1.80%
2018-03-31$22.54B-0.63%
2017-12-31$22.68B1.13%
2017-09-30$22.43B0.08%
2017-06-30$22.41B-0.53%
2017-03-31$22.53B3.68%
2016-12-31$21.73B1.45%
2016-09-30$21.41B-0.19%
2016-06-30$21.46B5.76%
2016-03-31$20.29B0.50%
2015-12-31$20.19B1.44%
2015-09-30$19.90B-0.57%
2015-06-30$20.02B5.06%
2015-03-31$19.05B0.35%
2014-12-31$18.98B2.30%
2014-09-30$18.56B0.45%
2014-06-30$18.47B3.44%
2014-03-31$17.86B1.64%
2013-12-31$17.57B-2.22%
2013-09-30$17.97B0.98%
2013-06-30$17.80B0.61%
2013-03-31$17.69B13.85%
2012-12-31$15.54B1.19%
2012-09-30$15.35B-0.35%
2012-06-30$15.41B-0.05%
2012-03-31$15.42B0.64%
2011-12-31$15.32B-0.52%
2011-09-30$15.40B1.97%
2011-06-30$15.10B1.39%
2011-03-31$14.89B1.68%
2010-12-31$14.65B0.34%
2010-09-30$14.60B0.98%
2010-06-30$14.46B-4.25%
2010-03-31$15.10B-20.73%
2009-12-31$19.05B-

Elevance Health generated $45.15B in revenue during Q3 2024, up 3.43% compared to the previous quarter, and up 103.37% compared to the same period a year ago.

Elevance Health Revenue Breakdown

Elevance Health Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Health Benefits Segment$148.57B----
Other Segment$479.00M$13.29B$10.25B$2.15B$3.09B
Segment Eliminations$-340.00M$-24.64B$-20.47B--
Carelon Services Segment$95.96B----
IngenioRx Segment-$14.97B$12.78B$10.38B-
Government Business Segment-$96.81B$82.92B$71.57B-
Commercial Specialty Business Segment-$41.67B$38.81B$36.70B-

Elevance Health's latest annual revenue breakdown by segment (product or service), as of Dec 23: Health Benefits Segment (60.72%), Carelon Services Segment (39.22%), Other Segment (0.20%), and Segment Eliminations (-0.14%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Health Benefits Segment$38.28B$37.16B$37.26B$36.55B$36.74B$38.00B$37.28B-------------
Carelon Services Segment$27.56B$26.64B$24.15B$25.69B$23.78B$23.81B$22.67B-------------
Other Segment----$242.00M$326.00M$251.00M$3.41B$3.37B$3.30B$3.22B$2.69B$2.67B$2.52B$2.37B-$624.00M$603.00M$1.03B-
Segment Eliminations----$-97.00M$-73.00M$-76.00M-$-6.05B$-6.28B$-6.04B-$-5.19B$-5.07B$-4.91B$-3.60B----
Government Business Segment-------$24.65B$24.57B$23.84B$23.76B$21.91B$21.66B$20.07B$19.28B$54.11B$17.47B---
Commercial Specialty Business Segment-------$10.35B$10.49B$10.56B$10.27B$9.90B$9.86B$9.55B$9.49B$9.22B$9.36B---
IngenioRx Segment--------$7.25B$7.07B$6.68B-$6.55B$6.22B$5.86B$45.00M$2.60B$2.54B$5.20B-
Commercial Specialty----------------$9.33B$8.79B--

Elevance Health's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Health Benefits Segment (58.14%), and Carelon Services Segment (41.86%).

Elevance Health Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
UNHUnitedHealth Group$371.62B$102.83B
CVSCVS Health$357.78B$91.32B
CICigna$195.26B$63.69B
ELVElevance Health$171.34B$45.15B
CNCCentene$154.00B$42.02B
HUMHumana$106.44B$29.40B
MOHMolina Healthcare$34.07B$10.36B
ALHCAlignment Healthcare$1.82B$692.43M

ELV Revenue FAQ

What is Elevance Health’s yearly revenue?

Elevance Health's yearly revenue for 2023 was $171.34B, representing an increase of 9.42% compared to 2022. The company's yearly revenue for 2022 was $156.6B, representing an increase of 12.95% compared to 2021. ELV's yearly revenue for 2021 was $138.64B, representing an increase of 13.76% compared to 2020.

What is Elevance Health’s quarterly revenue?

Elevance Health's quarterly revenue for Q3 2024 was $45.14B, a 3.43% increase from the previous quarter (Q2 2024), and a 5.36% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $43.65B, a 2.51% increase from the previous quarter (Q1 2024), and a -0.06% decrease year-over-year (Q2 2023). ELV's quarterly revenue for Q1 2024 was $42.58B, a -0.16% decrease from the previous quarter (Q4 2023), and a 0.96% increase year-over-year (Q1 2023).

What is Elevance Health’s revenue growth rate?

Elevance Health's revenue growth rate for the last 3 years (2021-2023) was 23.59%, and for the last 5 years (2019-2023) was 64.41%.

What are Elevance Health’s revenue streams?

Elevance Health's revenue streams in c 23 are Health Benefits Segment, Other Segment, Segment Eliminations, and Carelon Services Segment. Health Benefits Segment generated $148.57B in revenue, accounting 60.72% of the company's total revenue Other Segment generated $479M in revenue, accounting 0.20% of the company's total revenue, down -96.40% year-over-year. Segment Eliminations generated $-340M in revenue, accounting -0.14% of the company's total revenue, down -98.62% year-over-year. Carelon Services Segment generated $95.96B in revenue, accounting 39.22% of the company's total revenue

What is Elevance Health’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Elevance Health was Health Benefits Segment. This segment made a revenue of $148.57B, representing 60.72% of the company's total revenue.