Cvs Health (CVS) Net Margin (2009 - 2026)
Cvs Health's (CVS) quarterly Net Margin came in at 2.82% in Q2 2026, up 180.0% on a YoY basis from 1.01% in Q2 2025, and down 4.13% quarter-over-quarter from 2.94% in Q1 2026.
Analysis
Cvs Health (CVS) Net Margin (2009 - 2026) Analysis & Trends
Cvs Health (CVS) has reported Net Margin for 18 consecutive years, with 2.82% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 180.0% year-over-year to 2.82%; the trailing twelve-month figure through Jun 2026 stood at 1.18% (up 2.0% YoY), and the FY2025 full-year result was 0.43%, down 80.0% from the prior year.
- Net Margin fell to 2.82% in Q2 2026 per CVS's latest filing, from 2.94% in the prior quarter.
- Across five years, Net Margin topped out at 3.77% in Q2 2022 and bottomed at 4.19% in Q3 2022.
- Historically, Net Margin has averaged 1.52% across 5 years, with a median of 2.17% in 2023.
- The sharpest annual moves came in 2022 and 2023: Net Margin tumbled 634 bps in 2022, then jumped 671 bps in 2023.
- Over 5 years, Net Margin stood at 2.78% in 2022, then dropped by 22 bps to 2.18% in 2023, then dropped by 24 bps to 1.66% in 2024, then soared by 66 bps to 2.77% in 2025, then advanced by 2 bps to 2.82% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 2.82%, 2.94%, and 2.77% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 354.24 Bn | 322.77 Bn | 36.67 Bn | 5.06% |
| 2 | Cvs Health | 122.38 Bn | 108.42 Bn | 47.23 Bn | 2.82% |
| 3 | Elevance Health | 86.47 Bn | 50.52 Bn | 13.45 Bn | 2.88% |
| 4 | Cigna | 73.02 Bn | 65.76 Bn | 14.97 Bn | 2.62% |
| 5 | Humana | 48.22 Bn | 24.35 Bn | 5.50 Bn | 1.75% |
| 6 | Centene | 31.79 Bn | 4.73 Bn | 14.55 Bn | 2.03% |
| 7 | Molina Healthcare | 9.95 Bn | 1.03 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 9.53 Bn | 976.50 Mn | 1.09 Bn | 7.41% |
| 9 | Corvel | 3.41 Bn | 3.06 Bn | - | - |
| 10 | Alignment Healthcare | 2.70 Bn | 2.00 Bn | 180.96 Mn | 2.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.82% |
| Mar 31, 2026 | 2.94% |
| Dec 31, 2025 | 2.77% |
| 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 | 1.94% |
| Mar 31, 2024 | 1.27% |
| Dec 31, 2023 | 2.18% |
| Sep 30, 2023 | 2.52% |
| Jun 30, 2023 | 2.15% |
| Mar 31, 2023 | 2.51% |
| Dec 31, 2022 | 2.78% |
| Sep 30, 2022 | -4.19% |
| Jun 30, 2022 | 3.77% |
| Mar 31, 2022 | 3.07% |
| Dec 31, 2021 | 1.81% |
| Sep 30, 2021 | 2.15% |