Cvs Health (CVS) Net Margin (2009 - 2026)
Cvs Health posted quarterly Net Margin of 8.75% for Q1 2026, up 332.0% year-on-year from 2.03% in Q1 2025, and up 583.87% on a QoQ basis from 1.81% in Q4 2025.
Cvs Health (CVS) has 18 years of Net Margin data on file, last reported at 8.75% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 332.0% year-over-year to 8.75%; the trailing twelve-month figure through Mar 2026 stood at 4.84% (down 605.0% YoY), and the FY2025 full-year result was 1.28%, up 5.0% from the prior year.
- Net Margin for Q1 2026 stood at 8.75%, up from 1.81% in the prior quarter.
- Across five years, Net Margin topped out at 9.19% in Q3 2023 and bottomed at 11.83% in Q3 2025.
- The 5-year median for Net Margin is 2.18% (2023), against an average of 1.96%.
- The widest annual swing landed in 2022, when Net Margin plunged 1255 bps; it then soared 1337 bps in 2023.
- A 5-year view of Net Margin shows it stood at 1.52% in 2022, then soared by 243 bps to 2.18% in 2023, then sank by 74 bps to 0.58% in 2024, then sank by 413 bps to 1.81% in 2025, then soared by 584 bps to 8.75% in 2026.
- The last three Net Margin figures came in at 8.75% (Q1 2026), 1.81% (Q4 2025), and 11.83% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 345.31 Bn | 315.51 Bn | 98.90 Bn | 5.80% |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 8.75% |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | 3.56% |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | 3.01% |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | 3.08% |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | 0.13% |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | 11,875.18% |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | 0.93% |
| 10 | Progyny | 2.12 Bn | 1.90 Bn | 83.07 Mn | 7.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.75% |
| Dec 31, 2025 | -1.81% |
| Sep 30, 2025 | -11.83% |
| Jun 30, 2025 | 2.96% |
| Mar 31, 2025 | 5.43% |
| Dec 31, 2024 | 0.58% |
| Sep 30, 2024 | 0.23% |
| Jun 30, 2024 | 1.94% |
| Mar 31, 2024 | 3.70% |
| Dec 31, 2023 | 2.18% |
| Sep 30, 2023 | 9.19% |
| Jun 30, 2023 | 2.15% |
| Mar 31, 2023 | 8.80% |
| Dec 31, 2022 | -1.52% |
| Sep 30, 2022 | -4.19% |
| Jun 30, 2022 | 3.77% |
| Mar 31, 2022 | 3.07% |
| Dec 31, 2021 | 1.81% |
| Sep 30, 2021 | 8.36% |
| Jun 30, 2021 | 3.40% |
| Mar 31, 2021 | 10.07% |
| Dec 31, 2020 | -0.52% |
| Sep 30, 2020 | 1.36% |
| Jun 30, 2020 | 15.67% |
| Mar 31, 2020 | 2.51% |
| Dec 31, 2019 | -0.46% |
| Sep 30, 2019 | -2.05% |
| Jun 30, 2019 | -2.01% |
| Mar 31, 2019 | 6.80% |
| Dec 31, 2018 | -0.58% |
| Jun 30, 2018 | 0.00% |
| Mar 31, 2018 | 2.17% |
| Dec 31, 2017 | -0.01% |
| Jun 30, 2017 | 0.00% |
| Mar 31, 2017 | -0.02% |
| Dec 31, 2016 | -0.01% |
| Sep 30, 2016 | 3.45% |
| Jun 30, 2016 | 2.11% |
| Mar 31, 2016 | 2.65% |
| Dec 31, 2015 | 57.62% |
| Sep 30, 2015 | 3.22% |
| Jun 30, 2015 | 3.42% |
| Mar 31, 2015 | 3.36% |
| Dec 31, 2014 | 3.56% |
| Sep 30, 2014 | 2.71% |
| Jun 30, 2014 | 3.60% |
| Mar 31, 2014 | 3.45% |
| Dec 31, 2013 | 3.85% |
| Sep 30, 2013 | 3.91% |
| Jun 30, 2013 | 3.60% |
| Mar 31, 2013 | 3.10% |
| Dec 31, 2012 | 3.58% |
| Sep 30, 2012 | 3.32% |
| Jun 30, 2012 | 3.13% |
| Mar 31, 2012 | 2.51% |
| Dec 31, 2011 | 3.76% |
| Sep 30, 2011 | 3.25% |
| Jun 30, 2011 | 3.09% |
| Mar 31, 2011 | 2.77% |
| Dec 31, 2010 | 4.17% |
| Sep 30, 2010 | 3.41% |
| Jun 30, 2010 | 3.44% |
| Mar 31, 2010 | 3.27% |
| Dec 31, 2009 | 4.07% |
| Sep 30, 2009 | 4.14% |
| Jun 30, 2009 | 3.56% |
| Mar 31, 2009 | -0.02% |