CVS HEALTH Corp financials

Key figures from CVS HEALTH Corp's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Jun 2025Change
Revenue$106.1B$98.9B+7.3%
Net income$3.0B$1.0B+191.8%
Free cash flow$5.7B$1.3B+338.3%
Gross margin44.5%45.4%-0.9 pts
Operating margin4.4%2.4%+2.0 pts
Net margin2.8%1.0%+1.8 pts

Quarterly trend

Revenue by quarter
$89.8BSep 2023$93.8BDec 2023*$88.4BMar 2024$91.2BJun 2024$95.4BSep 2024$97.7BDec 2024*$94.6BMar 2025$98.9BJun 2025$102.9BSep 2025$105.7BDec 2025*$100.4BMar 2026$106.1BJun 2026
Net income by quarter
$2.3BSep 2023$2.0BDec 2023*$1.1BMar 2024$1.8BJun 2024$87MSep 2024$1.6BDec 2024*$1.8BMar 2025$1.0BJun 2025-$4.0BSep 2025$2.9BDec 2025*$2.9BMar 2026$3.0BJun 2026
Free cash flow by quarter
$2.2BSep 2023-$3.5BDec 2023*$4.2BMar 2024$2.5BJun 2024-$1.4BSep 2024$1.1BDec 2024*$3.8BMar 2025$1.3BJun 2025$98MSep 2025$2.6BDec 2025*$3.4BMar 2026$5.7BJun 2026
Margins by quarter
-11%21%54%Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 202639.1%38.8%45.6%45.2%44.5%43.4%46.0%45.4%44.5%44.1%44.8%44.5%4.1%3.6%2.6%3.3%0.9%2.4%3.6%2.4%-3.1%2.0%4.7%4.4%2.5%2.2%1.3%1.9%0.1%1.7%1.9%1.0%-3.9%2.8%2.9%2.8%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$402.1B$1.8B0.4%$7.8B$1.39
FY Dec 2024$372.8B$4.6B1.2%$6.3B$3.66
FY Dec 2023$357.8B$8.3B2.3%$10.4B$6.47
FY Dec 2022$322.5B$4.3B1.3%$13.4B$3.26
FY Dec 2021$292.1B$8.0B2.7%$15.7B$6.02

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.