CVS’ Revenue Breakdown (2019-2021)

Download

About

This chart highlights CVS’ Revenue Breakdown, split between Premiums, Products, and Services, from 2019 onwards.
Subscribe to Pro or Enterprise plans to unlock this feature.
More information
Subscribe to Pro or Enterprise plans to unlock this feature.
Contact the Analyst
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit
Share on facebook
Share on twitter
Share on linkedin
Share on email

Become a smarter investor today.

Access Business Quant for as low as $19/month

Become a smarter investor today.

Access KPI Data on listed stocks for just $19/month

This chart highlights CVS’ Revenue Breakdown, split between Premiums, Products, and Services, from 2019 onwards.

CVS Health Corp is an American multinational health services company. The company sells prescription drugs and a wide range of general merchandise, including over-the-counter drugs, beauty products, and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com. It is headquartered in Woonsocket, Rhode Island.

CVS’ Revenue Breakdown

Business Vertical Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Revenue Share in Q1 2021
Premiums $17.64 $16.93 $17.18 $17.62 $18.96 28%
Products $47.00 $46.36 $47.74 $49.59 $47.39 69%
Services $1.95 $1.88 $1.93 $2.10 $2.45 3%
Total $66.59 $65.17 $66.85 $69.31 $68.80 100%

(All figures in billions, except percentages)

Premiums

CVS Health Corporation recognizes revenue from premiums in the month in which the enrollee is entitled to receive his/her health care services.

Premiums contributed about 28% of the company’s total revenue in Q1 2021. There was a 7.6% increase in the company’s revenue from this business vertical, from $17.62 billion in Q4 2020 to $18.96 billion in Q1 2021. This also corresponded to a 7.4% increase compared to Q1 2020, where the company earned $2.57 billion.

Products

CVS in this business vertical earns its revenue by selling products of various categories such as Vitamins, Baby & Child, Beauty & Skin Care, Personal Care, Diet & Nutrition, Health & Medicine, Home Health Care, and Household & Grocery.

Products are the major source of revenue for CVS Health Corp during Q1 2021 and contribute $47.39 billion, making up about 69% of the total earnings. The revenue during this period saw a fall of  4% as compared to Q4 2020 when $49.59 billion were earned. But there was a 0.86% increase when compared to Q1 2020 where $47.00 billion were earned.

Services

CVS Health Corp offers health & wellness services, prescription drug coverage, virtual care services, and health plans.

Services contributed about 3% of the company’s total revenue in Q1 2021. There was a 17% increase in the company’s revenue from this business vertical, from $2.10 billion in Q4 2020 to $2.45 billion in Q1 2021. This also corresponded to a 25% increase compared to Q1 2020, where the company earned $1.95  billion.

Despite the COVID 19 pandemic, the total revenue of CVS has increased from $66.59 billion to $68.80 billion, between Q1 2020 and Q1 2021, which was a 3% increase. This increase was driven by net new business, growth in speciality pharmacy, product mix, and brand inflation, partially offset by continued price compression and a weak cold, cough, and flu season.

The total revenue of CVS Health Corp is expected to increase further as the unlock process continues since the company announced that they would be installing 25 vending machines in high traffic areas like college campuses, airports, and bus terminals. The first kiosks will be located in Boston’s South Station Bus Terminal and LaGuardia Airport and will carry personal items such as healthy snack foods, batteries, deodorant, and toothpaste.

Company Overview

CVS Health Corp is a public limited company, founded by Sidney Goldstein, Stanley Goldstein,  and Ralph Hoagland, in 1963. CVS Health Corporation’s key managerial persons are Karen S. Lynch (President and CEO), Eva C. Boratto (CFO), Troyen A. Brennan(CMO), and Neela Montgomery (Vice President). As of 2019, the number of employees of the company worldwide was 10,000. The common stocks of CVS Health Corporation are listed on the New York Stock Exchange under the trading symbol “CVS”. The competitors of CVS Health Corporation are Rite Aid, UnitedHealth Group, PillPack, Humana, Walgreens Boots Alliance, Anthem,  MedImpact, and Health systems. CVS Health Corporation ranked 13th on the Fortune Global 500 list and 5th on the Fortune 500. In 2018, CVS Health Corporation completed the acquisition of Aetna. In 2014, the company announced it would stop selling cigarettes and tobacco products in all of its CVS/pharmacy stores. Subsidiaries of CVS Health Corp are CVS Pharmacy, CVS Caremark, CVS Specialty, Drogaria Onofre, Accordant, Coram, Well partner, Encompass Rx, Long Drugs, Omnicare, and Navarro Discount Pharmacies. The company acquired 541 stores from Long Drugs Stores Corp in Hawaii, Nevada, and California.

Did you like the CVS’ Revenue Breakdown statistic?

Access thousands of more such key performance indicator data points, on listed companies, with Business Quant.

You can also get started for free.

Read more

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access basic data
  • No credit card required
$0
per month
Start for Free

Investor

The essentials toolkit

  • Financial data & tools Features include : Stock screener, stock comparison, sector data, investor warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Download data Download underlying data in csv and xlsx (Excel) formats for offline analysis.
  • Priority support Fanatical 24*7 customer support to ensure seamless access for you.
$19
$9.9
per month*
Buy Now

51% discount until July 31

Pro

For serious investing

  • All of Investor plan All the features in Investor plan, are included in the Pro plan.
  • Granular data & tools Over 100,000 company-specific key performance indicator statistics. Examples include AT&T's broadband subscriber trends, Tesla's deliveries by model and more. Also, access financials by segment / region / product category etc.
  • Industry data & tools Access data on 40+ industries. For example, datasets include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$39
$19
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom Dashboards Get tailored dashboards built specially for you, to simplify your research workflow.
  • Bespoke Research We'll expand our granular coverage to companies and sectors of your choice.
$99
per month, onwards*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access basic data
  • No credit card required
$0
per month
Start for Free

Investor

The essentials toolkit

  • Financial data & tools Features include : Stock screener, stock comparison, sector data, investor warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Download data Download underlying data in csv and xlsx (Excel) formats for offline analysis.
  • Priority support Fanatical 24*7 customer support to ensure seamless access for you.
$19
per month*
Buy Now

51% discount on Annual plan

Pro

For serious investing

  • All of Investor plan All the features in Investor plan, are included in the Pro plan.
  • Granular data & tools Over 100,000 company-specific key performance indicator statistics. Examples include AT&T's broadband subscriber trends, Tesla's deliveries by model and more. Also, access financials by segment / region / product category etc.
  • Industry data & tools Access data on 40+ industries. For example, datasets include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$39
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom Dashboards Get tailored dashboards built specially for you, to simplify your research workflow.
  • Bespoke Research We'll expand our granular coverage to companies and sectors of your choice.
$99
per month, onwards*
Contact Us

* Local taxes extra. 

BQ Star 51% off

Get Pro for 51% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $39 $10 / month

.