Elevance Health, Inc. (ELV) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: October 21, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

220M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

ELV currently has 223M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Oct 21, 2025	10-Q filing \| 223.3M shares outstanding	220M
Jul 17, 2025	10-Q filing \| 225.2M shares outstanding	230M
Apr 22, 2025	10-Q filing \| 226.4M shares outstanding	230M
Feb 20, 2025	10-K filing \| 231.7M shares outstanding	230M
Oct 17, 2024	10-Q filing \| 231.9M shares outstanding	230M
Jul 17, 2024	10-Q filing \| 232.2M shares outstanding	230M
Apr 18, 2024	10-Q filing \| 232.7M shares outstanding	230M
Feb 21, 2024	10-K filing \| 235.9M shares outstanding	240M
Oct 18, 2023	10-Q filing \| 235.3M shares outstanding	240M
Jul 19, 2023	10-Q filing \| 236.6M shares outstanding	240M
Apr 19, 2023	10-Q filing \| 237.5M shares outstanding	240M
Feb 15, 2023	10-K filing \| 240.0M shares outstanding	240M
Oct 19, 2022	10-Q filing \| 239.6M shares outstanding	240M
Jul 20, 2022	10-Q filing \| 240.7M shares outstanding	240M
Apr 20, 2022	10-Q filing \| 241.4M shares outstanding	240M
Feb 16, 2022	10-K filing \| 243.8M shares outstanding	240M
Oct 20, 2021	10-Q filing \| 243.4M shares outstanding	240M
Jul 21, 2021	10-Q filing \| 244.5M shares outstanding	240M
Apr 21, 2021	10-Q filing \| 245.0M shares outstanding	250M
Feb 18, 2021	10-K filing \| 250.8M shares outstanding	250M
Oct 28, 2020	10-Q filing \| 251.0M shares outstanding	250M
Jul 29, 2020	10-Q filing \| 252.2M shares outstanding	250M
Apr 29, 2020	10-Q filing \| 252.4M shares outstanding	250M
Feb 19, 2020	10-K filing \| 255.5M shares outstanding	260M

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