Cvs Health CVS
NYSE CVS
$95.38 -0.69 (-0.72%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Cvs Health's (CVS) quarterly Operating Expenses came in at $101.4 billion in Q2 2026, up 5.03% on a YoY basis from $96.5 billion in Q2 2025, and up 5.9% quarter-over-quarter from $95.7 billion in Q1 2026.

Analysis

Cvs Health (CVS) Operating Expenses (2009 - 2026) Analysis & Trends

Cvs Health (CVS) has reported Operating Expenses for 18 consecutive years, with $101.4 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 5.03% year-over-year to $101.4 billion; the trailing twelve-month figure through Jun 2026 stood at $406.8 billion (up 7.71% YoY), and the FY2025 full-year result was $397.4 billion, up 9.09% from the prior year.
  • Operating Expenses improved to $101.4 billion in Q2 2026 per CVS's latest filing, from $95.7 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.
  • Historically, Operating Expenses has averaged $89.9 billion across 5 years, with a median of $89.3 billion in 2023.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses advanced 20.28% in 2022, then increased 1.17% in 2023.
  • Over 5 years, Operating Expenses stood at $80.2 billion in 2022, then advanced by 12.79% to $90.4 billion in 2023, then increased by 5.42% to $95.3 billion in 2024, then gained by 8.64% to $103.6 billion in 2025, then slipped by 2.11% to $101.4 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $101.4 billion, $95.7 billion, and $103.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Unitedhealth 354.24 Bn 322.77 Bn 36.67 Bn 104.04 Bn
2 Cvs Health 122.38 Bn 108.42 Bn 47.23 Bn 101.39 Bn
3 Elevance Health 86.47 Bn 50.52 Bn 13.45 Bn 48.54 Bn
4 Cigna 73.02 Bn 65.76 Bn 14.97 Bn 68.99 Bn
5 Humana 48.22 Bn 24.35 Bn 5.50 Bn 39.51 Bn
6 Centene 31.79 Bn 4.73 Bn 14.55 Bn 52.38 Bn
7 Molina Healthcare 9.95 Bn 1.03 Bn 1.43 Bn 10.73 Bn
8 Oscar Health 9.53 Bn 976.50 Mn 1.09 Bn 4.49 Bn
9 Corvel 3.41 Bn 3.06 Bn - -
10 Alignment Healthcare 2.70 Bn 2.00 Bn 180.96 Mn 1.29 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 101.39 Bn
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