Cvs Health (CVS) Gross Margin (2009 - 2026)
Cvs Health's (CVS) quarterly Gross Margin came in at 67.61% in Q1 2026, up 2159.0% YoY from 2.99% in Q1 2025, and down 50.48% on a QoQ basis from 136.54% in Q4 2025.
Cvs Health (CVS) Gross Margin (2009 - 2026) Analysis & Trends
Cvs Health (CVS) has 18 years of Gross Margin data on file, last reported at 67.61% in Q1 2026.
- Quarterly Gross Margin rose 2159.0% year-over-year to 67.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 114.14% (down 11801.0% YoY) and the FY2025 annual result came in at 64.13%, down 10880.0% from the prior year.
- Gross Margin eased to 67.61% in Q1 2026, from 136.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 321.9% in Q4 2022 to a low of 139.8% in Q3 2022.
- A 5-year average of 40.6% and a median of 68.34% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin sank 22984 bps — and 2025, when it soared 21575 bps.
- Tracing CVS's Gross Margin over 5 years: stood at 321.9% in 2022, then slumped by 71 bps to 92.06% in 2023, then slumped by 186 bps to 79.21% in 2024, then jumped by 272 bps to 136.54% in 2025, then plunged by 50 bps to 67.61% in 2026.
- The last three Gross Margin figures came in at 67.61% (Q1 2026), 136.54% (Q4 2025), and 44.55% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 26.65% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 13.45% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 27.16% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 13.19% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 22.25% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 13.55% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 20.59% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 25.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.52% |
| Mar 31, 2026 | 67.61% |
| Dec 31, 2025 | 136.54% |
| Sep 30, 2025 | 44.55% |
| Jun 30, 2025 | 68.34% |
| Mar 31, 2025 | 46.02% |
| Dec 31, 2024 | -79.21% |
| Sep 30, 2024 | 68.64% |
| Jun 30, 2024 | -63.04% |
| Mar 31, 2024 | -58.18% |
| Dec 31, 2023 | 92.06% |
| Sep 30, 2023 | -121.80% |
| Jun 30, 2023 | 75.50% |
| Mar 31, 2023 | 76.02% |
| Dec 31, 2022 | 321.90% |
| Sep 30, 2022 | -139.80% |
| Jun 30, 2022 | 78.31% |
| Mar 31, 2022 | 76.67% |
| Dec 31, 2021 | 151.69% |
| Sep 30, 2021 | 39.00% |