Cvs Health (CVS) Free Cash Flow (2009 - 2026)

Cvs Health (CVS) posted Free Cash Flow of $3.4 billion for Q1 2026, up 30.47% on a QoQ basis from $2.6 billion in Q4 2025, and down 10.83% year-over-year from $3.8 billion in Q1 2025.

Cvs Health (CVS) Free Cash Flow (2009 - 2026) Analysis & Trends

Cvs Health's Free Cash Flow history runs 18 years deep, the most recent figure standing at $3.4 billion for Q1 2026.

  • Quarterly Free Cash Flow fell 10.83% year-over-year to $3.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.4 billion (up 24.46% YoY) and the FY2025 annual result came in at $7.8 billion, up 23.41% from the prior year.
  • Free Cash Flow was $3.4 billion for Q1 2026 at Cvs Health, up from $2.6 billion in the prior quarter.
  • Across five years, Free Cash Flow topped out at $8.5 billion in Q3 2022 and bottomed at -$3.5 billion in Q4 2023.
  • A 5-year average of $2.4 billion and a median of $2.5 billion in 2022 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2022 — Free Cash Flow tumbled 177.46% — and 2023, when it surged 156.93%.
  • Cvs Health's Free Cash Flow stood at -$2.6 billion in 2022, then plunged by 34.36% to -$3.5 billion in 2023, then soared by 130.79% to $1.1 billion in 2024, then soared by 138.64% to $2.6 billion in 2025, then jumped by 30.47% to $3.4 billion in 2026.
  • Business Quant data shows CVS's Free Cash Flow at $3.4 billion in Q1 2026, $2.6 billion in Q4 2025, and $98.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Unitedhealth 384.70 Bn 354.90 Bn 38.23 Bn 8.15 Bn
2 Cvs Health 136.05 Bn 124.42 Bn 22.85 Bn 3.40 Bn
3 Elevance Health 82.25 Bn 46.44 Bn 35.79 Bn 1.63 Bn
4 Cigna 75.16 Bn 67.54 Bn -44.29 Bn 864.00 Mn
5 Humana 47.47 Bn 25.57 Bn 5.94 Bn 1.13 Bn
6 Centene 31.35 Bn 7.64 Bn 43.95 Bn 4.17 Bn
7 Molina Healthcare 10.44 Bn 1.19 Bn 1.43 Bn -324.00 Mn
8 Oscar Health 8.62 Bn 1.83 Bn 1.42 Bn 2.61 Bn
9 Alignment Healthcare 4.13 Bn 3.41 Bn 144.48 Mn 128.59 Mn
10 Progyny 2.48 Bn 2.26 Bn 83.07 Mn 45.14 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.40 Bn
Mar 31, 2026 3.40 Bn
Dec 31, 2025 2.61 Bn
Dec 31, 2025 2.61 Bn
Sep 30, 2025 98.00 Mn
Sep 30, 2025 98.00 Mn
Jun 30, 2025 1.29 Bn
Jun 30, 2025 1.29 Bn
Mar 31, 2025 3.81 Bn
Mar 31, 2025 3.81 Bn
Dec 31, 2024 1.09 Bn
Dec 31, 2024 1.09 Bn
Sep 30, 2024 -1.42 Bn
Sep 30, 2024 -1.42 Bn
Jun 30, 2024 2.45 Bn
Jun 30, 2024 2.45 Bn
Mar 31, 2024 4.20 Bn
Mar 31, 2024 4.20 Bn
Dec 31, 2023 -3.55 Bn
Dec 31, 2023 -3.55 Bn