Elevance Health Reports Mixed Q4 Earnings and Weak 2026 Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy ELV?
Source: Benzinga
- Revenue Growth: Elevance Health reported fourth-quarter 2025 revenues of $49.3 billion, a 10% year-over-year increase, although below the consensus estimate of $49.82 billion, indicating increased competitive pressure in the health insurance market.
- Adjusted Earnings Beat: The company reported adjusted earnings of $3.33 per share, surpassing the consensus of $3.10, reflecting its ability to maintain profitability despite rising medical cost trends.
- Pessimistic 2026 Outlook: Elevance expects fiscal 2026 adjusted earnings to be at least $25.50 per share, below Wall Street's estimate of $26.90, with projected mid-single-digit sales declines, highlighting uncertainty in future growth.
- Decline in Medical Membership: As of December 31, 2025, Elevance's medical membership totaled approximately 45.2 million, a 1% year-over-year decrease primarily due to attrition in the Medicaid business, indicating challenges in maintaining its customer base.
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Analyst Views on ELV
Wall Street analysts forecast ELV stock price to rise
15 Analyst Rating
11 Buy
4 Hold
0 Sell
Moderate Buy
Current: 336.040
Low
320.00
Averages
392.07
High
431.00
Current: 336.040
Low
320.00
Averages
392.07
High
431.00
About ELV
Elevance Health, Inc. is a health company. It operates as a health insurer in the United States. The Company operates through four segments: Health Benefits, CarelonRx, Carelon Services and Corporate & Other. The Health Benefits segment offers a comprehensive suite of health plans and services to its Individual, Employer Group risk-based, Employer Group fee-based, BlueCard, Medicare, Medicaid and Federal Employee Program (FEP) members. The Health Benefits segment also offers health products on a full-risk basis. The CarelonRx segment includes its pharmacy services business. CarelonRx markets and offers pharmacy services to its affiliated health plan customers, as well as to external customers outside of the health plans. The Carelon Services segment integrates physical, behavioral, pharmacy, and social services by offering an array of healthcare-related services and capabilities to internal and external customers through its Carelon Health and Carelon Insights businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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