Elba, 53, known for his roles in The Wire and Luther, is knighted for services to young people, having founded the Elba Hope Foundation, which supports community empowerment, education, youth advocacy and sustainable development.
"I receive this honour on behalf of the many young people whose talent, ambition and resilience has driven the work of the Elba Hope Foundation," he said.
"I hope we can do more to draw attention to the importance of sustained, practical support for young people and to the responsibility we all share to help them find an alternative to violence."
Jayne Torvill and Christopher Dean, who took home the Olympic gold at the 1984 Winter Games and saw success at the World, European and British Championships, are made a dame and knight for services to ice skating and to voluntary service.
The pair said the honour was "wonderful and humbling at the same time".
Torvill, 68, said the timing of the honours seemed "perfect" after the pair danced on the ice for the last time in 2025.
They join other stars who rose to fame in notable partnerships, such as Paul Elliott, one half of the Chuckle Brothers, who is made a Member of the Order of the British Empire (MBE), and Matt Lucas, half of the comedic Little Britain duo with David Walliams, who becomes an Officer of the Order of the British Empire (OBE).
England's Lionesses feature heavily on the list after their Euros win in the summer - with captain Leah Williamson made a Commander of the Order of the British Empire (CBE).
Alex Greenwood, Keira Walsh, Georgia Stanway and Ella Toone, who were part of the side that beat Spain in the final in Basel, Switzerland, in July, become MBEs.
And the team's Dutch manager Sarina Wiegman, who has won the Euros twice with England, and once with the Netherlands, is awarded an honorary damehood, the Cabinet Office said.
Members of England Women's Rugby World Cup winning squad are also strongly represented, with Marlie Packer and Zoe Aldcroft becoming OBEs, along with coach John Mitchell.
"I am incredibly honoured to receive this recognition, but I want to be clear that it reflects the work of the Red Roses World Cup-winning squad and the outstanding staff around them," Mitchell said.
Teammates Ellie Kildunne, Sadia Kabeya, and Megan Jones are made MBEs after the Red Roses defeated Canada in the final in September.
Paula Radcliffe, a three-time London Marathon winner who held the women's marathon world record for 16 years, is made an OBE.
Elsewhere, The Kumars At No 42 actress Meera Syal, 64, becomes a dame and broadcaster Gabby Logan, actor Warwick Davis and presenter and author Richard Osman are made OBEs.
Osman, 55, who writes The Thursday Murder Club book series, said he was "absolutely thrilled" with the honour, while Davis, also 55, said: "This is the best thing that's ever happened to me and I've been in Star Wars."
Wicked star Cynthia Erivo is made an MBE for services to music and drama, while football commentator Clive Tyldesley, known for his "Solskjaer has won it" line as Manchester United claimed the 1999 Champions League, becomes an OBE for services to sports broadcasting and to charity.
D-Day veteran Mervyn Kersh, 101, said it is a "wonderful thing" to be awarded a British Empire Medal (BEM) for services to Holocaust remembrance and education.
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