Elevance Health Q3 FY26: 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
- Jul 1 – Sep 30, 2026
- Reported
- Oct 21, 2026
Revenue$51.43B
+1% year over year
Gross profit$45.79B
89% margin
Operating profit$1.27B
2% margin
Net profit$1.37B
3% margin
Net profit is larger than what operations earned, because the statement adds $0.55B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 51.43 | 100% | +1% |
| Health benefits | 43.36 | 84% | +3% |
| Carelon services | 7.71 | 15% | +5% |
| Other revenue | 0.36 | 1% | |
| Corporate & other | 0.01 | 0% | −96% |
| Cost of revenue | −5.64 | 11% | |
| Gross profit | 45.79 | 89% margin | +0pp |
| SG&A | −5.75 | 11% | +1pp |
| Other | −38.77 | 76% | +0pp |
| Operating profit | 1.27 | 2% margin | |
| Other income, net | 0.55 | ||
| Tax | −0.45 | ||
| Net profit | 1.37 | 3% margin |
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