KPIs & Operating Metrics(New)
Growth Metrics

Cvs Health (CVS) Operating Expenses (2009 - 2026)

Cvs Health posted quarterly Operating Expenses of $95.7 billion for Q1 2026, up 4.97% year-on-year from $91.2 billion in Q1 2025, and down 7.56% on a QoQ basis from $103.6 billion in Q4 2025.

Cvs Health (CVS) has 18 years of Operating Expenses data on file, last reported at $95.7 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 4.97% year-over-year to $95.7 billion; the trailing twelve-month figure through Mar 2026 stood at $401.9 billion (up 8.83% YoY), and the FY2025 full-year result was $397.4 billion, up 9.09% from the prior year.
  • Operating Expenses for Q1 2026 stood at $95.7 billion, down from $103.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $106.1 billion in Q3 2025 and bottomed at $73.3 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $88.2 billion (2024), against an average of $89.2 billion.
  • The widest annual swing landed in 2022, when Operating Expenses gained 20.28%; it then grew 1.17% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $80.2 billion in 2022, then gained by 12.79% to $90.4 billion in 2023, then grew by 5.42% to $95.3 billion in 2024, then rose by 8.64% to $103.6 billion in 2025, then slipped by 7.56% to $95.7 billion in 2026.
  • The last three Operating Expenses figures came in at $95.7 billion (Q1 2026), $103.6 billion (Q4 2025), and $106.1 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Unitedhealth 345.31 Bn 315.51 Bn 98.90 Bn 102.73 Bn
2 Cvs Health 115.41 Bn 103.79 Bn 4.43 Bn 95.75 Bn
3 Elevance Health 88.60 Bn 53.18 Bn 13.88 Bn 47.88 Bn
4 Cigna 72.05 Bn 64.43 Bn -44.29 Bn 66.14 Bn
5 Humana 39.05 Bn 17.15 Bn 4.00 Bn 37.89 Bn
6 Centene 30.50 Bn 6.84 Bn 49.24 Bn 48.08 Bn
7 Molina Healthcare 9.31 Bn 60.65 Mn 1.53 Bn 10.71 Bn
8 Oscar Health 6.86 Bn 63.05 Mn -3.22 Bn 3.94 Bn
9 Alignment Healthcare 2.69 Bn 1.96 Bn 135.85 Mn 1.22 Bn
10 Progyny 2.12 Bn 1.90 Bn 83.07 Mn 47.69 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 95.75 Bn
Dec 31, 2025 103.58 Bn
Sep 30, 2025 106.08 Bn
Jun 30, 2025 96.53 Bn
Mar 31, 2025 91.21 Bn
Dec 31, 2024 95.34 Bn
Sep 30, 2024 94.60 Bn
Jun 30, 2024 88.19 Bn
Mar 31, 2024 86.17 Bn
Dec 31, 2023 90.44 Bn
Sep 30, 2023 86.07 Bn
Jun 30, 2023 85.69 Bn
Mar 31, 2023 81.83 Bn
Dec 31, 2022 80.19 Bn
Sep 30, 2022 85.08 Bn
Jun 30, 2022 75.97 Bn
Mar 31, 2022 73.28 Bn
Dec 31, 2021 74.26 Bn
Sep 30, 2021 70.73 Bn
Jun 30, 2021 68.29 Bn
Mar 31, 2021 65.52 Bn
Dec 31, 2020 67.03 Bn
Sep 30, 2020 63.81 Bn
Jun 30, 2020 60.66 Bn
Mar 31, 2020 63.30 Bn
Dec 31, 2019 63.85 Bn
Sep 30, 2019 61.88 Bn
Jun 30, 2019 60.10 Bn
Mar 31, 2019 8.25 Bn
Dec 31, 2018 53.60 Bn
Sep 30, 2018 44.92 Bn
Jun 30, 2018 48.30 Bn
Mar 31, 2018 4.91 Bn
Dec 31, 2017 4.58 Bn
Sep 30, 2017 4.63 Bn
Jun 30, 2017 4.81 Bn
Mar 31, 2017 4.78 Bn
Dec 31, 2016 4.56 Bn
Sep 30, 2016 4.67 Bn
Jun 30, 2016 4.66 Bn
Mar 31, 2016 4.56 Bn
Dec 31, 2015 4.55 Bn
Sep 30, 2015 4.33 Bn
Jun 30, 2015 4.14 Bn
Mar 31, 2015 4.03 Bn
Dec 31, 2014 4.31 Bn
Sep 30, 2014 4.22 Bn
Jun 30, 2014 4.12 Bn
Mar 31, 2014 3.92 Bn
Dec 31, 2013 4.12 Bn
Sep 30, 2013 3.87 Bn
Jun 30, 2013 3.87 Bn
Mar 31, 2013 3.88 Bn
Dec 31, 2012 3.99 Bn
Sep 30, 2012 3.83 Bn
Jun 30, 2012 3.74 Bn
Mar 31, 2012 3.71 Bn
Dec 31, 2011 3.60 Bn
Sep 30, 2011 3.59 Bn
Jun 30, 2011 3.60 Bn
Mar 31, 2011 3.44 Bn
Dec 31, 2010 3.69 Bn
Sep 30, 2010 3.54 Bn
Jun 30, 2010 3.52 Bn
Mar 31, 2010 3.34 Bn
Dec 31, 2009 3.66 Bn
Sep 30, 2009 3.45 Bn
Jun 30, 2009 3.45 Bn
Mar 31, 2009 3.37 Bn