CVS’ Revenue By Segment (2016-2021)

Download

About

This statistic highlights CVS’ Revenue By Segment split across Pharmacy Services, Health Care Benefits, Retail/LTC, and other segments, from 2016 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 statistic highlights CVS’ Revenue By Segment split across Pharmacy Services, Health Care Benefits, Retail/LTC, and Corporate and Other, from 2016 onwards

CVS generates its revenue from the following segments:

  • Pharmacy Services
  • Health Care Benefits
  • Retail/LTC
  • Corporate and Other

CVS’ Revenue By Segment

Segment Q1 2020 Q1 2021 YoY Growth Revenue Share Q1 2021
Pharmacy Services $34.98 $36.32 3.83% 45.28%
Health Care Benefits $19.20 $20.48 6.66% 25.53%
Retail/LTC $22.75 $23.27 2.29% 29.01%
Corporate and Other $0.09 $0.14 50% 0.17%
Total Revenue $77.02 $80.20 4.13% 100.00%

(all figures in billions, except percentages)

CVS’ total revenue increased from $77.02 billion in Q1 2020 to $80.20 billion in Q1 2021, marking an increase of 4.13% on a year-on-year basis. During this period, CVS started the COVID-19 vaccine program at its CVS Pharmacy locations in New York, Colorado, Vermont, Illinois, Oklahoma, Minnesota, North Carolina, Kentucky, and other different regions of the United States. The company offers same-day scheduling and walk-in facilities for its COVID-19 vaccine program.

Pharmacy Services

CVS’ revenue from Pharmacy Services rose from $34.98 billion in Q1 2020 to $36.32 billion in Q1 2021, marking an increase of 3.83% on a year-on-year basis. In Q 2021, the Pharmacy Services contributed 45.28% to CVS’ total revenue. In this segment, the revenue growth during this period was driven by specialty pharmacy growth and new business deal wins. 

The Pharmacy Services offers a variety of services like clinical services, disease management services, pharmaceutical benefit management solutions, medical spend management, formulary management, and many more. This segment’s clients include insurance companies, trade unions, government organizations, and many more.

Health Care Benefits

CVS’ revenue from the Health Care Benefits segment increased from $19.20 billion in Q1 2020 to $20.48 billion in Q1 2021, a growth of 6.66% on a year-on-year basis. During this period, this segment contributed 25.53% to CVS’ total revenue.

Health Care Benefits segment’s customers include government organizations, labor unions, college students, employer groups, individuals, part-time workers, and many more. The company’s Health Care Benefits segment aims to provide high-quality health care services at affordable prices to its customers.

The Health Care Benefits segment offers a range of services like Health insurance products and services, Medicaid healthcare management products and services, pharmacy, medical health plans, and many other healthcare services.

Retail/LTC

CVS’ revenue from Retail/LTC rose from $22.75 billion in Q1 2020 to $23.27 billion in Q1 2021, marking an increase of 2.29% on a year-on-year basis. In Q1 2021, the Retail/LTC segment contributed 29.01% to the company’s total revenue.

In the Retail/LTC segment, CVS faces competition from Walmart, Amazon, Rite Aid, PharMerica, Walgreens, and other local retail pharmacy outlets. During the COVID-19 pandemic, CVS provided COVID-19 testing facilities at its pharmacy locations in selected areas through its Return Ready Solution. CVS also operates MinuteClinic, a clinic that offers a variety of health care services through nurse practitioners and assistants. MinuteClinic has collaborations with leading hospitals, clinics, and doctors of the United States and aims to provide quality health care to the community.

Corporate and Other

CVS’ revenue from Corporate and Other segments increased from $0.09 billion in Q1 2020 to $0.14 billion in Q1 2021, a growth of 50% on a year-on-year basis. During this period, this segment contributed 0.17% to CVS’ total revenue. This segment includes the administrative and management expenses of the company.

Company Overview

Consumer Value Stores (CVS) is an American Company offering services like healthcare, pharmacy, vital care, and wellness. The company was founded by Stanley Goldstein, Sidney Goldstein, and Ralph Hoagland in 1963. CVS’ main office is located in Woonsocket, Rhode Island, United States. Karen Lynch is the current President and CEO of the company. 

CVS employs more than 300,000 people and operates more than 9,900 retail outlets in different regions of the United States. CVS provides services like pharmacy services, health, and wellness services, health plans, virtual care services, prescription drug coverage, and other health care services to patients in different regions of the United States.

CVS faces tough competition from Anthem, Rite Aid, Medimpact, Humana, PillPack, UnitedHealth Group, and Healthesystems. In November 2018, CVS acquired health care insurance company Aetna.

Did you like CVS’ Revenue By Segment statisitc?

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

.