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Cvs Health (CVS) Operating Expenses (2016 - 2025)

Cvs Health (CVS) has disclosed Operating Expenses for 17 consecutive years, with $103.6 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 8.64% year-over-year to $103.6 billion, compared with a TTM value of $397.4 billion through Dec 2025, up 9.09%, and an annual FY2025 reading of $397.4 billion, up 9.09% over the prior year.
  • Operating Expenses was $103.6 billion for Q4 2025 at Cvs Health, down from $106.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $190.3 billion in Q4 2021 and bottomed at $8.9 billion in Q2 2021.
  • Average Operating Expenses over 5 years is $81.6 billion, with a median of $86.1 billion recorded in 2023.
  • The sharpest move saw Operating Expenses crashed 85.9% in 2021, then surged 834.33% in 2023.
  • Year by year, Operating Expenses stood at $190.3 billion in 2021, then crashed by 57.95% to $80.0 billion in 2022, then grew by 13.02% to $90.4 billion in 2023, then increased by 5.42% to $95.3 billion in 2024, then grew by 8.64% to $103.6 billion in 2025.
  • Business Quant data shows Operating Expenses for CVS at $103.6 billion in Q4 2025, $106.1 billion in Q3 2025, and $96.5 billion in Q2 2025.