Company / Operating Margin
Elevance Health Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
3.6%
FY2025
5-year range
3.6% / 5.8%
FY2021-FY2025
Trend
-18.5%
vs FY2024
Sector context
#81 of 148
Health Care
What the data says
At 3.6%, Elevance Health's operating margin ranks #81 of 148 in the Health Care sector. Operating Margin has fluctuated over the past 10 years, ranging from 3.6% in FY2025 to 5.9% in FY2018.
Based on SEC 10-K filings.
3.6% in FY2025 with a 5-year CAGR of -1.6%.
Declined from 5.5% to 3.6% over the past 2 years.
Health Care sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -1.7pp
- 5-Year Change
- -1.6pp
- 10-Year Change
- -
Sector benchmark
#81 of 148 in Health CareTop 55% of 148This company 3.6% Sector average -284.5%
▼
+101.3% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 18.5% year-over-year.
- Currently 288.1pp above the Health Care sector average.
- Peak operating margin was recorded in FY2018.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 3.6% | -18.5% |
| FY2024 | 4.4% | -18.5% |
| FY2023 | 5.5% | +3.0% |
| FY2022 | 5.3% | -8.2% |
| FY2021 | 5.8% | +10.3% |
| FY2020 | 5.2% | -9.4% |
| FY2019 | 5.8% | -2.2% |
| FY2018 | 5.9% | +26.9% |
| FY2017 | 4.6% | -18.0% |
| FY2016 | 5.7% | -5.7% |
As of FY2025 · SEC 10-K · Updated Jul 4, 2026