Cvs Health (CVS) Net Margin (2009 - 2026)
Cvs Health (CVS) posted Net Margin of 8.75% for Q1 2026, up 583.87% on a QoQ basis from 1.81% in Q4 2025, and up 687.0% year-over-year from 1.11% in Q1 2025.
Cvs Health (CVS) Net Margin (2009 - 2026) Analysis & Trends
Cvs Health's Net Margin history runs 18 years deep, the most recent figure standing at 8.75% for Q1 2026.
- Quarterly Net Margin rose 687.0% year-over-year to 8.75% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.93% (up 228.0% YoY) and the FY2025 annual result came in at 1.28%, up 5.0% from the prior year.
- Net Margin was 8.75% for Q1 2026 at Cvs Health, up from 1.81% in the prior quarter.
- Across five years, Net Margin topped out at 10.88% in Q4 2022 and bottomed at 16.18% in Q3 2022.
- A 5-year average of 1.96% and a median of 2.15% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin slumped 1833 bps — and 2023, when it soared 2537 bps.
- Cvs Health's Net Margin stood at 10.88% in 2022, then plunged by 93 bps to 0.72% in 2023, then surged by 130 bps to 1.66% in 2024, then tumbled by 209 bps to 1.81% in 2025, then jumped by 584 bps to 8.75% in 2026.
- Business Quant data shows CVS's Net Margin at 8.75% in Q1 2026, 1.81% in Q4 2025, and 3.88% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 5.80% |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 8.75% |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 3.52% |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 3.03% |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 3.45% |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 14.61% |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 0.92% |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 7.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.75% |
| Dec 31, 2025 | -1.81% |
| Sep 30, 2025 | -3.88% |
| Jun 30, 2025 | 1.02% |
| Mar 31, 2025 | 1.88% |
| Dec 31, 2024 | 1.66% |
| Sep 30, 2024 | 0.07% |
| Jun 30, 2024 | 5.77% |
| Mar 31, 2024 | 3.70% |
| Dec 31, 2023 | 0.72% |
| Sep 30, 2023 | 9.19% |
| Jun 30, 2023 | 2.15% |
| Mar 31, 2023 | 2.51% |
| Dec 31, 2022 | 10.88% |
| Sep 30, 2022 | -16.18% |
| Jun 30, 2022 | 3.77% |
| Mar 31, 2022 | 3.07% |
| Dec 31, 2021 | 1.81% |
| Sep 30, 2021 | 2.15% |
| Jun 30, 2021 | 14.70% |