---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-258013"
form_type: "8-K"
ticker: "ELV"
cik: "0001156039"
company_name: "Elevance Health, Inc."
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:41:19.963197+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Elevance Health Q3 adj. EPS $8.99, revenue $42.5B (+7.2%); raises FY23 guidance

## Summary
- GAAP EPS $5.45 includes $3.54/share net negative items; adjusted EPS $8.99.
- Operating revenue $42.5B, up 7.2% YoY; benefit expense ratio improved 40 bps to 86.8%.
- Medical membership 47.3M, down 664K sequentially due to Medicaid redeterminations and competitor entry.
- Company raises FY2023 guidance: GAAP EPS >$26.40, adjusted EPS >$33.00.
- Q3 includes $697M business optimization charge; operating cash flow $2.6B, 2.0x net income.

## SEC filing metadata
- accession: 0001193125-23-258013
- form_type: 8-K
- ticker: ELV
- cik: 0001156039
- company_name: Elevance Health, Inc.
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1156039/000119312523258013/0001193125-23-258013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1156039/000119312523258013/d568311d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-258013
- JSON: https://secwatch.observer/filing/0001193125-23-258013.json
- Plain text: https://secwatch.observer/filing/0001193125-23-258013.txt

## Key facts
- Earnings Releases
  Elevance Health, Inc. reported the quarter ended September 30, 2023 results: revenue $42.5 billion, net income $5.45 per share, EPS $5.45 per share. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Revenue: $42.5 billion
  - Net income: $5.45 per share
  - EPS: $5.45 per share
  - Guidance: raised
  - Result: reported results
  source text: third quarter of 2023, medical membership decreased by 664 thousand driven by attrition in Medicaid due to the aforementioned dynamics. Operating Revenue: Operating revenue was $42.5 billion in the third quarter of 2023, an increase of $2.9 billion, or 7.2 percent year-over-year. The increase was primarily driven by higher premium revenue in our Health Benefits
  evidence_url: https://www.sec.gov/Archives/edgar/data/1156039/000119312523258013/0001193125-23-258013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.