Cvs Health (CVS) Gross Margin (2009 - 2026)
Cvs Health (CVS) posted Gross Margin of 67.61% for Q1 2026, down 50.48% on a QoQ basis from 136.54% in Q4 2025, and up 2159.0% year-over-year from 2.99% in Q1 2025.
Cvs Health (CVS) Gross Margin (2009 - 2026) Analysis & Trends
Cvs Health's Gross Margin history runs 18 years deep, the most recent figure standing at 67.61% for 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 was 67.61% for Q1 2026 at Cvs Health, down from 136.54% in the prior quarter.
- Across five years, Gross Margin topped out at 321.9% in Q4 2022 and bottomed at 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 plunged 22984 bps — and 2025, when it soared 21575 bps.
- Cvs Health's Gross Margin stood at 321.9% in 2022, then plunged by 71 bps to 92.06% in 2023, then plunged by 186 bps to 79.21% in 2024, then soared by 272 bps to 136.54% in 2025, then slumped by 50 bps to 67.61% in 2026.
- Business Quant data shows CVS's Gross Margin at 67.61% in Q1 2026, 136.54% in Q4 2025, and 44.55% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 34.22% |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 67.61% |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 86.70% |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 14.98% |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 98.43% |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 13.19% |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 30.50% |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 11.70% |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 25.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 16.24% |