CVS Health (CVS) financials
CVS Health revenue and earnings by year
CVS Health's revenue was $402 billion in the fiscal year to December 31, 2025, up 7.8% from the year before. Net income was $1.77 billion, 0.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 9.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 402.1 | 372.8 | 357.8 | 322.5 | 292.1 | 268.7 | 256.8 | 194.6 | 184.8 | 177.5 |
| Revenue growth | 7.8% | 4.2% | 10.9% | 10.4% | 8.7% | 4.6% | 32.0% | 5.3% | 4.1% | — |
| Gross profit | 55.4 | 51.4 | 54.4 | 54.5 | 52.1 | 49.0 | 45.5 | 31.5 | 28.5 | 28.8 |
| Gross margin | 13.8% | 13.8% | 15.2% | 16.9% | 17.8% | 18.3% | 17.7% | 16.2% | 15.4% | 16.2% |
| Operating income | 4.7 | 8.5 | 13.7 | 8.0 | 13.3 | 13.9 | 12.0 | 4.0 | 9.5 | 10.4 |
| Operating margin | 1.2% | 2.3% | 3.8% | 2.5% | 4.6% | 5.2% | 4.7% | 2.1% | 5.2% | 5.8% |
| Net income | 1.8 | 4.6 | 8.3 | 4.3 | 8.0 | 7.2 | 6.6 | -0.6 | 6.6 | 5.3 |
| Net margin | 0.4% | 1.2% | 2.3% | 1.3% | 2.7% | 2.7% | 2.6% | -0.3% | 3.6% | 3.0% |
| Diluted EPS | $1.39 | $3.66 | $6.47 | $3.26 | $6.02 | $5.46 | $5.08 | -$0.55 | $6.47 | $4.92 |
| Free cash flow | 7.8 | 6.3 | 10.4 | 13.5 | 15.7 | 13.4 | 10.4 | 6.8 | 6.1 | 7.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CVS in Markets.
See also: CVS valuation and P/E history · CVS returns
No forecast, no recommendation. This page describes CVS Health from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.