Cvs Health (CVS) Free Cash Flow (2009 - 2026)
Cvs Health's Free Cash Flow was $5.65 billion in Q2 2026, up 338.3% from $1.29 billion a year earlier and up 66.3% from the prior quarter.
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Analysis
Cvs Health (CVS) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cvs Health's Free Cash Flow was $11.76 billion through Jun 30, 2026, up 146.0% year-over-year; for FY2025, it was $7.81 billion, up 23.4% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of -10.3% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $6.33 billion in FY2024 (-39.1%), $10.4 billion in FY2023 (-22.7%), $13.45 billion in FY2022 (-14.6%) and $15.75 billion in FY2021 (+17.3%).
- The Q2 2026 figure marks the highest quarterly Free Cash Flow since Q1 2023.
- Compared with a year earlier, Free Cash Flow was higher in two of the last five quarters, with growth averaging 81.9%.
- The best year-over-year quarter for Free Cash Flow over five years was Q2 2026 (growth of 338.3%); the worst was Q3 2023 (a decline of 74.6%).
- Per Business Quant data, CVS's Free Cash Flow in the three quarters before Q2 2026 was $3.4 billion (Q1 2026), $2.61 billion (Q4 2025) and $98 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 332.42 Bn | 217.05 Bn | 36.67 Bn | 10.25 Bn |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 5.65 Bn |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | -332.00 Mn |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 1.63 Bn |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | -718.00 Mn |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 2.43 Bn |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | 1.43 Bn |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 1.83 Bn |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | 3.42 Bn |
| 10 | Molina Healthcare | 9.83 Bn | -25.04 Bn | 1.43 Bn | -324.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.65 Bn |
| Mar 31, 2026 | 3.40 Bn |
| Dec 31, 2025 | 2.61 Bn |
| Sep 30, 2025 | 98.00 Mn |
| Jun 30, 2025 | 1.29 Bn |
| Mar 31, 2025 | 3.81 Bn |
| Dec 31, 2024 | 1.09 Bn |
| Sep 30, 2024 | -1.42 Bn |
| Jun 30, 2024 | 2.45 Bn |
| Mar 31, 2024 | 4.20 Bn |
| Dec 31, 2023 | -3.55 Bn |
| Sep 30, 2023 | 2.17 Bn |
| Jun 30, 2023 | 5.32 Bn |
| Mar 31, 2023 | 6.45 Bn |
| Dec 31, 2022 | -2.64 Bn |
| Sep 30, 2022 | 8.54 Bn |
| Jun 30, 2022 | 5.04 Bn |
| Mar 31, 2022 | 2.51 Bn |
| Dec 31, 2021 | 3.41 Bn |
| Sep 30, 2021 | 4.91 Bn |
API Access
Cvs Health Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "CVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();