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Did Elevance Health Beat Earnings?
Elevance Health (ELV) reported Q2 '26 revenue of $50.5B, up 1.4% year-over-year, with reported EPS of $7.45. That topped the $6.18 analyst estimate by 20.6% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Elevance Health’s job postings, web traffic, and employee business outlook. See the full ELV stock analysis or the earnings calendar for upcoming reports.
ELV Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $6.18 | $7.45 | Beat +20.6% |
| Q1 '26 | $10.81 | $12.58 | Beat +16.4% |
| Q4 '25 | $3.09 | $3.33 | Beat +7.8% |
| Q3 '25 | $4.94 | $6.03 | Beat +22.1% |
| Q2 '25 | $8.92 | $8.84 | Missed -0.9% |
| Q1 '25 | $11.48 | $11.97 | Beat +4.3% |
Elevance Health Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 45.1B | 45.4B | 48.9B | 49.8B | 50.7B | 49.7B | 50.2B | 50.5B |
| Gross margin | 27.0% | 26.3% | 27.8% | 26.3% | 24.8% | 23.5% | 18.1% | 89.1% |
| Operating margin | 3.8% | 2.1% | 6.4% | 5.3% | 3.5% | 1.2% | 5.3% | 4.1% |
| Net income | 1.02B | 418M | 2.18B | 1.74B | 1.19B | 547M | 1.76B | 1.46B |
| Net margin | 2.3% | 0.9% | 4.5% | 3.5% | 2.3% | 1.1% | 3.5% | 2.9% |
| EPS | $8.37 | $3.84 | $11.97 | $8.84 | $6.03 | $3.33 | $12.58 | $7.45 |
Elevance Health Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Elevance Health’s quarterly revenue moved from $45.1B to $50.5B. Net margin expanded from 2.3% to 2.9%, against a 89.1% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Elevance Health has beaten Wall Street EPS estimates in 5 of its last 8 reported quarters.
When Is Elevance Health’s Next Earnings Date?
Elevance Health reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the ELV earnings calendar.
Frequently Asked Questions: Elevance Health Earnings
Elevance Health's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Elevance Health reported Q2 '26 EPS of $7.45 on revenue of $50.5B (+1.4% YoY). Elevance Health beat estimates, reporting $7.45 vs. the $6.18 estimate.
Elevance Health reported Q2 '26 revenue of $50.5B, up 1.4% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the ELV AI Score.
