Elevance Health (NYSE: ELV) Q1 2026 earnings fall on $935M Medicare accrual

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Elevance Health Inc. reported higher Q1 2026 revenue of $50.2 billion, up from $48.9 billion, but experienced a significant drop in net income to $1.8 billion from $2.2 billion year-over-year. This decline was primarily due to a $935 million accrual related to Medicare Advantage risk-adjustment data and $129 million in costs for its 2026–2027 Operating Model Transformation Program. Despite these charges, the company generated $4.3 billion in operating cash flow and repurchased $1.1 billion in shares.

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