Cvs Health (CVS) Gross Margin (2009 - 2026)
Cvs Health's (CVS) quarterly Gross Margin came in at 44.52% in Q2 2026, down 88.0% on a YoY basis from 371.0% in Q2 2025, and down 0.61% quarter-over-quarter from 44.79% in Q1 2026.
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Cvs Health (CVS) Gross Margin (2009 - 2026) Analysis & Trends
Cvs Health (CVS) has reported Gross Margin for 18 consecutive years, with 44.52% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 88.0% year-over-year to 44.52%; the trailing twelve-month figure through Jun 2026 stood at 44.49% (down 35.0% YoY), and the FY2025 full-year result was 44.99%, up 33.0% from the prior year.
- Gross Margin declined to 44.52% in Q2 2026 per CVS's latest filing, from 44.79% in the prior quarter.
- Across five years, Gross Margin topped out at 46.02% in Q1 2025 and bottomed at 37.94% in Q3 2022.
- Historically, Gross Margin has averaged 42.3% across 5 years, with a median of 43.78% in 2024.
- The sharpest annual moves came in 2024 and 2026: Gross Margin jumped 598 bps in 2024, then sank 123 bps in 2026.
- Over 5 years, Gross Margin stood at 38.31% in 2022, then grew by 1 bps to 38.79% in 2023, then gained by 12 bps to 43.44% in 2024, then rose by 2 bps to 44.12% in 2025, then grew by 1 bps to 44.52% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 44.52%, 44.79%, and 44.12% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.42 Bn | 320.96 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 121.84 Bn | 107.88 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 90.86 Bn | 54.91 Bn | 13.45 Bn | 26.65% |
| 4 | Cigna | 73.56 Bn | 66.30 Bn | 14.97 Bn | 20.88% |
| 5 | Humana | 48.30 Bn | 24.43 Bn | 5.50 Bn | 13.45% |
| 6 | Centene | 32.37 Bn | 5.31 Bn | 14.55 Bn | 27.16% |
| 7 | Molina Healthcare | 10.16 Bn | 1.24 Bn | 1.43 Bn | 13.19% |
| 8 | Oscar Health | 9.70 Bn | 1.15 Bn | 1.09 Bn | 22.25% |
| 9 | Corvel | 3.48 Bn | 3.13 Bn | - | - |
| 10 | Alignment Healthcare | 2.66 Bn | 1.95 Bn | 180.96 Mn | 13.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.52% |
| Mar 31, 2026 | 44.79% |
| Dec 31, 2025 | 44.12% |
| Sep 30, 2025 | 44.55% |
| Jun 30, 2025 | 45.40% |
| Mar 31, 2025 | 46.02% |
| Dec 31, 2024 | 43.44% |
| Sep 30, 2024 | 44.52% |
| Jun 30, 2024 | 45.20% |
| Mar 31, 2024 | 45.64% |
| Dec 31, 2023 | 38.79% |
| Sep 30, 2023 | 39.08% |
| Jun 30, 2023 | 39.79% |
| Mar 31, 2023 | 39.66% |
| Dec 31, 2022 | 38.31% |
| Sep 30, 2022 | 37.94% |
| Jun 30, 2022 | 38.87% |
| Mar 31, 2022 | 40.76% |
| Dec 31, 2021 | 39.46% |
| Sep 30, 2021 | 39.00% |