Elevance Health, Inc.

Hospital & Medical Service Plans·INDIANAPOLIS, IN·FY end 12/31·CIK 1156039

CEO Pay Ratio

286:1

Gail Boudreaux

CEO Total Comp

$22.6M

Gail Boudreaux

Median Employee

$79,007

Revenue

$199.1B

FY 2025

Net Income

$5.7B

FY 2025

Free Cash Flow

$3.2B

FY 2025

Net Margin

2.8%

Insider Net (180d)

-$48.6K

1 buys / 2 sales

CEO Pay Accountability

CEO comp as % of net income

0.40%

For every $1,000 of profit, $3.99 flows to the CEO.

CEO comp as % of buybacks

0.87%

CEO comp equals 8.7‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$199.1B	$177.0B	$171.3B	$156.6B	$138.6B
Gross Profit	—	—	—	—	—	—
Operating Income	$7.2B	$7.9B	$8.5B	$8.5B	$7.5B
Net Income	$5.7B	$6.0B	$6.0B	$6.0B	$6.1B
Operating CF	$4.3B	$5.8B	$8.1B	$8.4B	$8.4B
Capex	$1.1B	$1.3B	$1.3B	$1.2B	$1.1B
Free Cash Flow	$3.2B	$4.6B	$6.8B	$7.2B	$7.3B
Buybacks	$2.6B	$2.9B	$2.7B	$2.3B	$1.9B
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	3.6%	4.4%	5.0%	5.4%	5.4%
Net Margin	2.8%	3.4%	3.5%	3.8%	4.4%
FCF Margin	1.6%	2.6%	3.9%	4.6%	5.2%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	15.6%	24.5%	22.3%	22.5%	23.1%
Debt / Equity	1.43	1.45	1.22	1.27	1.22
Buybacks / FCF	82.1%	63.7%	39.6%	32.0%	26.1%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Gail BoudreauxPresident and Chief Executive Officer (CEO)	$1.6M	$13.4M	$4.2M	$2.8M	$574.3K	$22.6M
Mark KayeEVP and Chief Financial Officer (CFO)	$938.5K	$4.6M	$1.4M	$974.1K	$94.5K	$8.0M
Peter HaytaianEVP and President, Carelon and CarelonRx	$950.0K	$3.8M	$1.2M	$986.1K	$122.4K	$7.1M
Felicia NorwoodEVP and Chief Health Benefits Officer	$950.0K	$3.8M	$1.2M	$986.1K	$97.8K	$7.1M
Morgan KendrickEVP and President, Commercial and Specialty Health Benefits	$888.5K	$3.6M	$1.1M	$922.2K	$126.2K	$6.7M