Cvs Health (CVS) Gross Margin (2009 - 2026)
Cvs Health (CVS) reported Gross Margin of 13.12% for Q1 2026, up 189.0% on a YoY basis from 4.54% in Q1 2025, and down 92.7% quarter-over-quarter from 179.63% in Q4 2025.
Cvs Health (CVS) Gross Margin (2009 - 2026) Analysis & Trends
Cvs Health has reported Gross Margin for 18 years, with the latest figure at 13.12% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 189.0% year-over-year to 13.12%; the trailing twelve-month figure through Mar 2026 stood at 434.89% (up 36563.0% YoY), and the FY2025 full-year result was 64.13%, down 13325.0% from the prior year.
- Gross Margin for Q1 2026 stood at 13.12%, down from 179.63% in the prior quarter.
- The five-year high for Gross Margin was 179.63% in Q4 2025, with the low at 121.8% in Q3 2023.
- Historically, Gross Margin has averaged 40.45% across 5 years, with a median of 39.79% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin plunged 15974 bps — and 2024, when it soared 18766 bps.
- Cvs Health's Gross Margin stood at 111.91% in 2022, then tumbled by 65 bps to 39.33% in 2023, then jumped by 78 bps to 70.11% in 2024, then jumped by 156 bps to 179.63% in 2025, then slumped by 93 bps to 13.12% in 2026.
- The last three Gross Margin figures came in at 13.12% (Q1 2026), 179.63% (Q4 2025), and 66.52% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 88.52% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 13.12% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 28.04% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 10.61% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 98.59% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 14.13% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | -56,385.78% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 11.08% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 20.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.12% |
| Dec 31, 2025 | 179.63% |
| Sep 30, 2025 | 66.52% |
| Jun 30, 2025 | 8.42% |
| Mar 31, 2025 | 11.23% |
| Dec 31, 2024 | 70.11% |
| Sep 30, 2024 | 65.86% |
| Jun 30, 2024 | 88.67% |
| Mar 31, 2024 | -58.18% |
| Dec 31, 2023 | 39.33% |
| Sep 30, 2023 | -121.80% |
| Jun 30, 2023 | 39.79% |
| Mar 31, 2023 | 16.03% |
| Dec 31, 2022 | 111.91% |
| Sep 30, 2022 | 37.94% |
| Jun 30, 2022 | 78.31% |
| Mar 31, 2022 | 40.76% |
| Dec 31, 2021 | -67.25% |
| Sep 30, 2021 | 15.29% |
| Jun 30, 2021 | 40.07% |