Cvs Health (CVS) Operating Income (2009 - 2026)
Cvs Health's (CVS) quarterly Operating Income came in at $4.7 billion in Q2 2026, up 97.52% on a YoY basis from $2.4 billion in Q2 2025, and little changed quarter-over-quarter from $4.7 billion in Q1 2026.
Analysis
Cvs Health (CVS) Operating Income (2009 - 2026) Analysis & Trends
Cvs Health (CVS) has reported Operating Income for 18 consecutive years, with $4.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Income rose 97.52% year-over-year to $4.7 billion; the trailing twelve-month figure through Jun 2026 stood at $8.3 billion (down 7.45% YoY), and the FY2025 full-year result was $4.7 billion, down 45.28% from the prior year.
- Operating Income was little changed at $4.7 billion in Q2 2026 per CVS's latest filing, from $4.7 billion in the prior quarter.
- Across five years, Operating Income topped out at $4.7 billion in Q2 2026 and bottomed at -$3.9 billion in Q3 2022.
- Historically, Operating Income has averaged $2.5 billion across 5 years, with a median of $3.3 billion in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Income soared 194.16% in 2023, then slumped 485.46% in 2025.
- Over 5 years, Operating Income stood at $3.7 billion in 2022, then fell by 7.82% to $3.4 billion in 2023, then dropped by 29.8% to $2.4 billion in 2024, then decreased by 10.81% to $2.1 billion in 2025, then surged by 122.68% to $4.7 billion in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $4.7 billion, $4.7 billion, and $2.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 354.24 Bn | 322.77 Bn | 36.67 Bn | 7.99 Bn |
| 2 | Cvs Health | 122.38 Bn | 108.42 Bn | 47.23 Bn | 4.70 Bn |
| 3 | Elevance Health | 86.47 Bn | 50.52 Bn | 13.45 Bn | 704.00 Mn |
| 4 | Cigna | 73.02 Bn | 65.76 Bn | 14.97 Bn | 2.68 Bn |
| 5 | Humana | 48.22 Bn | 24.35 Bn | 5.50 Bn | 1.36 Bn |
| 6 | Centene | 31.79 Bn | 4.73 Bn | 14.55 Bn | 1.20 Bn |
| 7 | Molina Healthcare | 9.95 Bn | 1.03 Bn | 1.43 Bn | 145.00 Mn |
| 8 | Oscar Health | 9.53 Bn | 976.50 Mn | 1.09 Bn | 388.64 Mn |
| 9 | Corvel | 3.41 Bn | 3.06 Bn | - | - |
| 10 | Alignment Healthcare | 2.70 Bn | 2.00 Bn | 180.96 Mn | 42.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.70 Bn |
| Mar 31, 2026 | 4.68 Bn |
| Dec 31, 2025 | 2.11 Bn |
| Sep 30, 2025 | -3.21 Bn |
| Jun 30, 2025 | 2.38 Bn |
| Mar 31, 2025 | 3.37 Bn |
| Dec 31, 2024 | 2.37 Bn |
| Sep 30, 2024 | 832.00 Mn |
| Jun 30, 2024 | 3.05 Bn |
| Mar 31, 2024 | 2.27 Bn |
| Dec 31, 2023 | 3.37 Bn |
| Sep 30, 2023 | 3.69 Bn |
| Jun 30, 2023 | 3.23 Bn |
| Mar 31, 2023 | 3.45 Bn |
| Dec 31, 2022 | 3.66 Bn |
| Sep 30, 2022 | -3.92 Bn |
| Jun 30, 2022 | 4.67 Bn |
| Mar 31, 2022 | 3.55 Bn |
| Dec 31, 2021 | 2.35 Bn |
| Sep 30, 2021 | 3.06 Bn |