CVS Health Corporation

CVS ·Healthcare, Healthcare Plans, United States
Financial Statements › Income Statement
Annual Quarterly

Income Statement

Line Item FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Revenue $402.07B $372.81B $357.78B $322.47B $292.11B $268.71B $256.78B $194.58B
Pharmacy Services — — — $169.24B $153.02B $141.94B $141.49B $134.13B
Retail/LTC — — — $106.59B $100.11B $91.20B $86.61B $83.99B
Health Care Benefits $143.35B $130.67B $105.65B $91.41B $82.19B $75.47B $69.60B $5.55B
Health Services $190.43B $173.61B $186.84B — — — — —
Pharmacy & Consumer Wellness $139.37B $124.50B $116.76B — — — — —
Corporate/Other $484.0M $451.0M $451.0M $530.0M $721.0M $426.0M $512.0M $606.0M
Eliminations $-71.56B $-56.41B $-51.93B $-45.30B $-43.92B $-40.32B $-41.44B $-29.69B
Cost of Revenue $221.17B $206.29B $217.10B $196.89B $175.80B $163.98B $158.72B $156.45B
Gross Profit $180.90B $166.52B $140.68B $125.58B $116.31B $104.73B $98.06B $38.13B
Gross Margin 45.0% 44.7% 39.3% 38.9% 39.8% 39.0% 38.2% 19.6%
Operating Expenses
Research & Development — — — — — — — —
SG&A Expense — — — — — — — —
Operating Income $4.66B $8.52B $13.74B $7.95B $13.31B $13.91B $11.99B $4.02B
Operating Margin 1.2% 2.3% 3.8% 2.5% 4.6% 5.2% 4.7% 2.1%
Interest Expense — — $2.66B $2.29B $2.50B $2.91B $3.04B $2.62B
Pretax Income $2.14B $6.15B $11.17B $5.84B $10.54B $9.77B $9.00B $1.41B
Income Tax Expense $408.0M $1.56B $2.81B $1.51B $2.55B $2.57B $2.37B $2.00B
Net Income $1.77B $4.61B $8.34B $4.31B $8.00B $7.18B $6.63B $-594.0M
Net Margin 0.4% 1.2% 2.3% 1.3% 2.7% 2.7% 2.6% -0.3%
EPS (Basic) $1.40 $3.67 $6.49 $3.29 $6.07 $5.48 $5.10 $-0.57
EPS (Diluted) $1.39 $3.66 $6.47 $3.26 $6.02 $5.46 $5.08 $-0.57
Shares Outstanding (Basic) 1.27B 1.26B 1.29B 1.31B 1.32B 1.31B 1.30B 1.04B
Shares Outstanding (Diluted) 1.27B 1.26B 1.29B 1.32B 1.33B 1.31B 1.31B 1.04B
Dividends Per Share $2.66 $2.66 $2.42 $2.20 $2.00 $2.00 $2.00 $2.00
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