Cvs Health (CVS) Operating Leases (2019 - 2026)
Cvs Health's (CVS) quarterly Operating Leases came in at $13.0 billion in Q2 2026, down 9.39% on a YoY basis from $14.3 billion in Q2 2025, and down 2.61% quarter-over-quarter from $13.3 billion in Q1 2026.
Analysis
Cvs Health (CVS) Operating Leases (2019 - 2026) Analysis & Trends
Cvs Health (CVS) has reported Operating Leases for 8 consecutive years, with $13.0 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases fell 9.39% year-over-year to $13.0 billion; the trailing twelve-month figure through Jun 2026 stood at $13.0 billion (down 9.39% YoY), and the FY2025 full-year result was $13.6 billion, down 18.06% from the prior year.
- Operating Leases slipped to $13.0 billion in Q2 2026 per CVS's latest filing, from $13.3 billion in the prior quarter.
- Across five years, Operating Leases topped out at $18.5 billion in Q4 2022 and bottomed at $13.0 billion in Q2 2026.
- Historically, Operating Leases has averaged $15.8 billion across 5 years, with a median of $16.1 billion in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Leases retreated 4.12% in 2023, then slipped 18.06% in 2025.
- Over 5 years, Operating Leases stood at $18.5 billion in 2022, then dropped by 4.12% to $17.8 billion in 2023, then decreased by 6.33% to $16.7 billion in 2024, then declined by 18.06% to $13.6 billion in 2025, then dropped by 4.84% to $13.0 billion in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $13.0 billion, $13.3 billion, and $13.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unitedhealth | 356.34 Bn | 324.87 Bn | 36.67 Bn |
| 2 | Cvs Health | 122.67 Bn | 108.71 Bn | 47.23 Bn |
| 3 | Elevance Health | 89.58 Bn | 53.63 Bn | 13.45 Bn |
| 4 | Cigna | 74.09 Bn | 66.84 Bn | 14.97 Bn |
| 5 | Humana | 49.07 Bn | 25.20 Bn | 5.50 Bn |
| 6 | Centene | 32.95 Bn | 5.90 Bn | 14.55 Bn |
| 7 | Molina Healthcare | 10.31 Bn | 1.39 Bn | 1.43 Bn |
| 8 | Oscar Health | 9.71 Bn | 1.15 Bn | 1.09 Bn |
| 9 | Corvel | 3.39 Bn | 3.04 Bn | - |
| 10 | Alignment Healthcare | 2.68 Bn | 1.98 Bn | 180.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.98 Bn |
| Mar 31, 2026 | 13.33 Bn |
| Dec 31, 2025 | 13.64 Bn |
| Sep 30, 2025 | 14.01 Bn |
| Jun 30, 2025 | 14.33 Bn |
| Mar 31, 2025 | 14.59 Bn |
| Dec 31, 2024 | 16.65 Bn |
| Sep 30, 2024 | 15.26 Bn |
| Jun 30, 2024 | 15.54 Bn |
| Mar 31, 2024 | 15.74 Bn |
| Dec 31, 2023 | 17.78 Bn |
| Sep 30, 2023 | 16.44 Bn |
| Jun 30, 2023 | 16.61 Bn |
| Mar 31, 2023 | 16.57 Bn |
| Dec 31, 2022 | 18.54 Bn |
| Sep 30, 2022 | 17.17 Bn |
| Jun 30, 2022 | 17.50 Bn |
| Mar 31, 2022 | 17.79 Bn |
| Dec 31, 2021 | 19.82 Bn |
| Sep 30, 2021 | 18.46 Bn |