Elevance Health Q4 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
- Oct 1 – Dec 31, 2025
- Reported
- Feb 6, 2026
Revenue$49.75B
+10% year over year
Gross profit$44.23B
89% margin
Operating profit$0.31B
1% margin
Net profit$0.55B
1% margin
Net profit is larger than what operations earned, because the statement adds $0.33B below it, under Tax benefit.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 49.75 | 100% | +10% |
| Cost of revenue | −5.52 | 11% | |
| Gross profit | 44.23 | 89% margin | +2pp |
| SG&A | −5.42 | 11% | +0pp |
| Other | −38.50 | 77% | |
| Operating profit | 0.31 | 1% margin | −1pp |
| Interest & other costs | −0.09 | ||
| Tax benefit | 0.33 | ||
| Net profit | 0.55 | 1% margin | +0pp |
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