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Saturday 17 October 2026 Export CVS’s income statement to Excel — free account

CVS Health Corporation

CVS Healthcare Healthcare Plans

CVS Health Corporation’s revenue for fiscal 2025 (year ended December 2025) was $402.1 billion, up 7.85% from fiscal 2024. In the quarter to June 2026, revenue grew 7.26%, EPS grew 187.7%, free cash flow grew 338.3% and total debt fell 7.64%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.

92.36 0.22 −0.24%
Market cap
$118.4B
P/E
24.1×
Fwd P/E
15.4×
Dividend yield
3.60%
F-score
7/9
Altman Z
2.26
Beneish M
−2.64
Dividend safety
43/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

CVS Health Corporation (CVS) Gross margin

Alert me on Gross margin

CVS Health Corporation's gross margin over the twelve months to 30 June 2026 was 44.5%, down 0.5 percentage points from fiscal 2025 (45.0%). Over the past ten years it has ranged from 17.0% (fiscal 2017) to 45.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Healthcare Plans industry median of 19.4% and below the Healthcare sector median of 53.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 45.0% 0.32
FY2024 44.7% 5.35
FY2023 39.3% 0.38
FY2022 38.9% (0.88)
FY2021 39.8% 0.85
FY2020 39.0% 0.78
FY2019 38.2% 18.59
FY2018 19.6% 2.64
FY2017 17.0% (0.51)
FY2016 17.5% 0.16

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 44.5% (0.27)
Mar 2026 44.8% 0.67
Dec 2025 44.1% (0.43)
Sep 2025 44.6% (0.85)
42 more quarters

Against its own ten years

Low 17.0% High 45.0%
Ten-year median 38.9%
Current reading's percentile 86

Gross margin against peers

Company Gross margin
CI Cigna Group compare 88.5%
CVS CVS Health Corporation 44.5%
UNH UnitedHealth Group Incorporated compare 40.0%
OSCR Oscar Health, Inc. compare 20.2%
CLOV Clover Health Investments, Corp. compare 18.6%
ELV Elevance Health, Inc. compare 15.1%
HUM Humana Inc. compare 13.7%
MOH Molina Healthcare, Inc compare 12.7%
CNC Centene Corporation compare 7.82%
Healthcare Plans industry median 19.4%
Healthcare sector median 53.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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