Elevance Health Q2 FY25: where the revenue came from and where it went
The whole income statement of Elevance Health for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 17, 2025
Revenue$49.78B
+13% year over year
Gross profit$44.48B
89% margin
Operating profit$2.43B
5% margin
Net profit$1.74B
4% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 49.78 | 100% | +13% |
| Health benefits | 41.58 | 84% | |
| Carelon services | 7.44 | 15% | |
| Other revenue | 0.52 | 1% | |
| Corporate & other | 0.23 | 0% | |
| Cost of revenue | −5.29 | 11% | |
| Gross profit | 44.48 | 89% margin | +0pp |
| SG&A | −5.00 | 10% | −2pp |
| Other | −37.06 | 74% | +0pp |
| Operating profit | 2.43 | 5% margin | −1pp |
| Interest & other costs | −0.13 | ||
| Tax | −0.55 | ||
| Net profit | 1.74 | 4% margin | −2pp |
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