Cvs Health (CVS) Net Margin (2009 - 2026)
Cvs Health's (CVS) quarterly Net Margin came in at 8.75% in Q1 2026, up 687.0% YoY from 1.11% in Q1 2025, and up 583.87% on a QoQ basis from 1.81% in Q4 2025.
Cvs Health (CVS) Net Margin (2009 - 2026) Analysis & Trends
Cvs Health (CVS) has 18 years of Net Margin data on file, last reported at 8.75% in 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 advanced to 8.75% in Q1 2026, from 1.81% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 10.88% in Q4 2022 to a low of 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 tumbled 1833 bps — and 2023, when it soared 2537 bps.
- Tracing CVS's Net Margin over 5 years: stood at 10.88% in 2022, then slumped by 93 bps to 0.72% in 2023, then soared by 130 bps to 1.66% in 2024, then sank by 209 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 3.88% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 5.06% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 2.82% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 2.88% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 1.75% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 2.03% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 0.55% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 7.41% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 2.74% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 3.77% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 8.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.82% |
| 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% |