Cvs Health (CVS) Net Margin (2009 - 2026)
Cvs Health (CVS) reported Net Margin of 8.75% for Q1 2026, up 332.0% on a YoY basis from 2.03% in Q1 2025, and up 583.87% quarter-over-quarter from 1.81% in Q4 2025.
Cvs Health (CVS) Net Margin (2009 - 2026) Analysis & Trends
Cvs Health has reported Net Margin for 18 years, with the latest figure 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.
- The five-year high for Net Margin was 9.19% in Q3 2023, with the low at 11.83% in Q3 2025.
- Historically, Net Margin has averaged 1.96% across 5 years, with a median of 2.18% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin slumped 1255 bps — and 2023, when it soared 1337 bps.
- Cvs Health's Net Margin stood at 1.52% in 2022, then surged by 243 bps to 2.18% in 2023, then slumped by 74 bps to 0.58% in 2024, then slumped by 413 bps to 1.81% in 2025, then surged 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 5.80% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 8.75% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 3.56% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 3.01% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 3.08% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 0.13% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 11,875.18% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 0.93% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 3.67% |
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% |