Elevance Health (ELV) balance sheet
NYSE · Healthcare · Medical - Healthcare Plans · 96,615 employees · CEO Gail Koziara Boudreaux
- Price
- $420.07 -0.46%
- Market cap
- $91.1B
- Enterprise value
- $112B
- Last report
- Q3 '26 filed 2026-10-21
- Next report
- 2027-01-27 EPS est. $2.08
At the end of Q3 '26 Elevance Health (ELV) held $37.8B in cash and short-term investments against $30.8B of debt incl. leases. Total assets $128B, total liabilities $83B, shareholders' equity $44.7B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $6.53B | $6.23B | $6.5B | $7.87B | $8.29B | $7.5B | $8.56B | $8.71B | $9.49B | $9.66B | $10.2B | $10.3B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25.9B | $27.3B | $27.5B | |
| Receivables | $12.5B | $13.2B | $13.3B | $12.3B | $13.1B | $15.6B | $15.9B | $14.7B | $15.2B | $22.8B | $23.4B | $24.6B | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.68B | $6.28B | $6.11B | |
| Current assets | $19B | $19.4B | $19.8B | $20.2B | $21.3B | $23.1B | $24.5B | $23.4B | $24.7B | $67B | $67.2B | $68.5B | |
| Property, plant & equipment (net) | $4.94B | $4.45B | $4.45B | $4.51B | $5.22B | $4.62B | $4.64B | $4.66B | $5.13B | $4.66B | $4.65B | $4.61B | |
| Long-term investments | $36.8B | $37.6B | $37.2B | $40.4B | $37.2B | $37.4B | $37.8B | $39.3B | $38.6B | $12.1B | $12.4B | $12.7B | |
| Goodwill | $25.3B | $25.9B | $26B | $26B | $28.3B | $28.4B | $28.4B | $28.5B | $28.3B | $28.3B | $28.3B | $28.3B | |
| Intangible assets | $10.3B | $10.7B | $10.4B | $10.3B | $12.1B | $11.9B | $11.5B | $11.3B | $11.2B | $11.1B | $11B | $10.9B | |
| Deferred tax assets | $228M | $0 | $0 | $0 | $206M | $0 | $0 | $0 | $298M | $0 | $0 | $0 | |
| Other non-current assets | $12.4B | $13.8B | $15.1B | $15.2B | $12.6B | $14.3B | $15.2B | $15.7B | $13.2B | $2.58B | $2.9B | $2.73B | |
| Non-current assets | $89.9B | $92.5B | $93.2B | $96.3B | $95.5B | $96.6B | $97.5B | $99.4B | $96.8B | $58.8B | $59.3B | $59.3B | |
| Total assets | $109B | $112B | $113B | $117B | $117B | $120B | $122B | $123B | $121B | $126B | $126B | $128B | |
| Liabilities | |||||||||||||
| Accounts payable | $16.1B | $16.5B | $15.2B | $15.3B | $15.7B | $16.8B | $17.2B | $17.1B | $17.1B | $6.21B | $25.1B | $8.32B | |
| Short-term debt | $2.04B | $4.48B | $3.13B | $2.46B | $2.17B | $1.89B | $2.01B | $929M | $1.38B | $724M | $375M | $375M | |
| Deferred revenue | $1.4B | $1.47B | $1.48B | $1.79B | $1.51B | $1.64B | $1.56B | $0 | $1.49B | $1.76B | $1.64B | $1.64B | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.6B | $5.67B | $36.3B | |
| Current liabilities | $19.6B | $22.4B | $19.8B | $19.6B | $19.4B | $20.3B | $20.7B | $18.1B | $20B | $45.3B | $32.8B | $46.7B | |
| Long-term debt | $23.9B | $22B | $24.6B | $24.7B | $29.9B | $28.1B | $28.2B | $31.2B | $31.3B | $31.1B | $30.7B | $30.4B | |
| Lease obligations (non-current) | $685M | $0 | $0 | $0 | $658M | $0 | $0 | $0 | $529M | $0 | $0 | $0 | |
| Deferred revenue (non-current) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.83B | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $1.97B | $2.2B | $2.04B | $2.09B | $2.15B | $2.12B | $2.01B | $2.32B | $2.11B | $1.79B | $2.21B | $1.49B | |
| Other non-current liabilities | $23.4B | $24.6B | $24.3B | $26.3B | $23.4B | $26.5B | $27.2B | $25.3B | $23.5B | $3.57B | $15.8B | $4.48B | |
| Non-current liabilities | $50B | $48.8B | $50.9B | $53.1B | $56B | $56.8B | $57.4B | $60.6B | $57.5B | $36.5B | $48.6B | $36.3B | |
| Total liabilities | $69.5B | $71.2B | $70.7B | $72.7B | $75.5B | $77.1B | $78.1B | $78.7B | $77.5B | $81.8B | $81.4B | $83B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Retained earnings | $31.7B | $33.1B | $34.6B | $35.2B | $33.5B | $34.5B | $35.5B | $35.6B | $35.4B | $35.8B | $36.7B | $37.4B | |
| Accumulated other comprehensive income | -$1.31B | -$1.37B | -$1.39B | -$489M | -$1.15B | -$911M | -$760M | -$543M | -$451M | -$741M | -$711M | -$1.68B | |
| Shareholders' equity | $39.3B | $40.6B | $42.2B | $43.8B | $41.3B | $42.5B | $43.7B | $44B | $43.9B | $43.9B | $44.9B | $44.7B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $26.7B | $26.5B | $27.7B | $27.1B | $32.7B | $30B | $30.2B | $32.1B | $33.2B | $31.8B | $31B | $30.8B | |
| Net debt (debt - cash) | $20.1B | $20.2B | $21.2B | $19.3B | $24.4B | $22.5B | $21.6B | $23.4B | $23.7B | $22.2B | $20.8B | $20.4B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $4.08B | $3.61B | $3.93B | $4.94B | $5.74B | $4.88B | $7.39B | $6.53B | $8.29B | $9.49B | |
| Receivables | $5.86B | $6.18B | $6.74B | $7.58B | $8.13B | $9.69B | $11.7B | $12.5B | $13.1B | $15.2B | |
| Current assets | $9.94B | $9.79B | $10.7B | $12.5B | $13.9B | $14.6B | $19.1B | $19B | $21.3B | $24.7B | |
| Property, plant & equipment (net) | $1.98B | $2.17B | $2.74B | $3.71B | $4.13B | $4.55B | $4.92B | $4.94B | $5.22B | $5.13B | |
| Long-term investments | $21.4B | $24.9B | $22.5B | $25.5B | $29.8B | $34B | $33.3B | $36.8B | $37.2B | $38.6B | |
| Goodwill | $17.6B | $19.2B | $20.5B | $20.5B | $21.7B | $24.2B | $24.4B | $25.3B | $28.3B | $28.3B | |
| Intangible assets | $7.96B | $8.37B | $9.01B | $8.67B | $9.41B | $10.6B | $10.3B | $10.3B | $12.1B | $11.2B | |
| Deferred tax assets | $1.3B | $920M | $899M | $801M | $1.66B | $103M | $137M | $228M | $206M | $298M | |
| Other non-current assets | $6.2B | $6.04B | $6.2B | $6.59B | $7.68B | $9.39B | $10.5B | $12.4B | $12.6B | $13.2B | |
| Non-current assets | $56.5B | $61.7B | $61.8B | $65.7B | $74.4B | $82.9B | $83.6B | $89.9B | $95.5B | $96.8B | |
| Total assets | $66.4B | $71.5B | $72.5B | $78.3B | $88.3B | $97.5B | $103B | $109B | $117B | $121B | |
| Liabilities | |||||||||||
| Accounts payable | $7.89B | $7.99B | $7.45B | $8.84B | $11.4B | $13.5B | $15.6B | $16.1B | $15.7B | $17.1B | |
| Short-term debt | $1.37B | $2.55B | $1.99B | $2.46B | $810M | $2.01B | $1.95B | $2.04B | $2.17B | $1.38B | |
| Deferred revenue | $0 | $0 | $0 | $0 | $0 | $0 | $1.11B | $1.4B | $1.51B | $1.49B | |
| Current liabilities | $9.26B | $10.5B | $9.45B | $11.3B | $12.2B | $15.5B | $18.7B | $19.6B | $19.4B | $20B | |
| Long-term debt | $14.4B | $17.4B | $17.2B | $18.3B | $20.2B | $22B | $23.1B | $23.9B | $29.9B | $31.3B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $482M | $847M | $864M | $751M | $685M | $658M | $529M | |
| Deferred revenue (non-current) | $972M | $860M | $902M | $1.02B | $1.26B | $1.15B | $1.11B | $0 | $0 | $0 | |
| Deferred tax liabilities | $4.08B | $2.65B | $2.86B | $3.03B | $3.68B | $2.81B | $2.02B | $1.97B | $2.15B | $2.11B | |
| Other non-current liabilities | $12.6B | $13.5B | $13.5B | $12.4B | $16.9B | $19B | $20.8B | $23.4B | $23.4B | $23.5B | |
| Non-current liabilities | $32B | $34.4B | $34.5B | $35.2B | $42.9B | $45.8B | $47.8B | $50B | $56B | $57.5B | |
| Total liabilities | $41.3B | $45B | $43.9B | $46.5B | $55.1B | $61.3B | $66.4B | $69.5B | $75.5B | $77.5B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $2.6M | $2.6M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | |
| Retained earnings | $16.6B | $18.1B | $20B | $22.6B | $23.8B | $27.1B | $29.6B | $31.7B | $33.5B | $35.4B | |
| Accumulated other comprehensive income | -$268M | -$102M | -$986M | -$296M | $150M | -$178M | -$2.49B | -$1.31B | -$1.15B | -$451M | |
| Shareholders' equity | $25.1B | $26.5B | $28.5B | $31.7B | $33.2B | $36.1B | $36.2B | $39.3B | $41.3B | $43.9B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $15.7B | $19.9B | $19.2B | $21.2B | $21.8B | $24.9B | $25.8B | $26.7B | $32.7B | $33.2B | |
| Net debt (debt - cash) | $11.7B | $16.3B | $15.3B | $16.3B | $16.1B | $20B | $18.4B | $20.1B | $24.4B | $23.7B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01