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Elevance Health, Inc.

ELVNYSEHospital & Medical Service PlansFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026Score 15/3014% below fair value
$413.60−6.47 (-1.54%)

Close on Nov 2, 2026Market cap $89.70BP/E 18.4Yield –

Elevance Health Adjusted Operating Expense Ratio (Non-GAAP by Year

Adjusted Operating Expense Ratio (Non-GAAP — % of Operating Revenue) (%)

QuarterlyAnnual

Elevance Health Adjusted Operating Expense Ratio (Non-GAAP: 10.5% in FY2025, down 0.1 pts from a year earlier.

Latest, FY2025
10.5%
Period ended Dec 31, 2025
Change on a year earlier
-0.1 pts
10.6% in FY2024
History
3 years
Since FY2023
Sources
2
Documents cited below

Where the FY2025 figure comes from

“|| Adjusted operating expense ratio | 10.8 | % | 10.3 | % | 50 bp | 10.5 | % | 10.6 | % | (10) bp”

Source: 8-K ER (FY2025Q4, 2026-01-28) ↗

Annual history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedAdjusted Operating Expense Ratio (Non-GAAP — % of Operating Revenue) (%)Year on yearSource
FY2025Dec 31, 202510.5%-0.1 pts8-K ER (FY2025Q4, 2026-01-28) ↗
FY2024Dec 31, 202410.6%-0.7 pts8-K ER (FY2025Q4, 2026-01-28) ↗
FY2023Dec 31, 202311.3%–8-K ER (FY2024Q4, 2025-01-23) ↗

Cite this data

StockData. (2026). Elevance Health Adjusted Operating Expense Ratio (Non-GAAP (%), annual FY2023–FY2025 [Data set]. Compiled from Elevance Health SEC filings and investor materials. https://stockdatahq.com/stocks/elv/kpis/ratio-opex-adjusted

See every metric in the Elevance Health KPI table. Data updated Oct 28, 2026.