Cvs Health (CVS) Gross Margin (2009 - 2026)
Cvs Health (CVS) recorded Gross Margin of 44.52% in Q2 2026, down 0.88 percentage points from 45.40% a year earlier and down 0.27 percentage points from the prior quarter.
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Analysis
Cvs Health (CVS) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Cvs Health's Gross Margin came in at 44.49% as of Jun 30, 2026, down 0.35 percentage points year-over-year; for FY2025, it was 44.99%, up 0.33 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a five-year change of +6.02 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 44.67% in FY2024 (+5.35 pp), 39.32% in FY2023 (+0.38 pp), 38.94% in FY2022 (-0.87 pp) and 39.82% in FY2021 (+0.84 pp).
- Quarterly Gross Margin has ranged from 37.94% in Q3 2022 to 46.02% in Q1 2025 over the past five years.
- On a year-over-year basis, Gross Margin rose in six of the last eight quarters, with an average year-over-year change of +1.16 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 5.98 percentage points in Q1 2024, against a drop of 1.23 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 44.79% (Q1 2026), 44.12% (Q4 2025) and 44.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 332.42 Bn | 217.05 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 44.52% |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | 3.50% |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 26.65% |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | 20.88% |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 4.26% |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | 4.02% |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 13.45% |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | 27.16% |
| 10 | Molina Healthcare | 9.83 Bn | -25.04 Bn | 1.43 Bn | 13.19% |
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% |
API Access
Cvs Health Gross Margin 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=gross-margin&ticker=CVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=CVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();