CVS Health Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	391,690	370,656	356,623	321,629	290,912	267,908	Upgrade
Revenue Growth (YoY)	6.66%	3.94%	10.88%	10.56%	8.59%	4.75%	Upgrade
Cost of Revenue	339,390	321,408	303,345	267,965	239,991	219,660	Upgrade
Gross Profit	52,300	49,248	53,278	53,664	50,921	48,248	Upgrade
Selling, General & Admin	42,373	41,229	39,205	37,922	36,764	34,585	Upgrade
Operating Expenses	42,373	41,229	39,205	37,922	36,764	34,585	Upgrade
Operating Income	9,927	8,019	14,073	15,742	14,157	13,663	Upgrade
Interest Expense	-3,090	-2,958	-2,658	-2,287	-2,503	-2,907	Upgrade
Interest & Investment Income	2,394	2,153	1,153	838	1,199	798	Upgrade
Other Non Operating Income (Expenses)	4	-5	-6	-4	-4	-12	Upgrade
EBT Excluding Unusual Items	9,235	7,209	12,562	14,289	12,849	11,542	Upgrade
Merger & Restructuring Charges	-256	-1,452	-1,040	-117	-1,490	-332	Upgrade
Impairment of Goodwill	-5,725	-	-	-	-431	-	Upgrade
Gain (Loss) on Sale of Assets	483	-	-349	-2,533	-	-	Upgrade
Legal Settlements	-1,320	-100	-	-5,803	-	-	Upgrade
Other Unusual Items	491	491	-	-	-391	-1,440	Upgrade
Pretax Income	2,908	6,148	11,173	5,836	10,537	9,770	Upgrade
Income Tax Expense	2,480	1,562	2,805	1,509	2,548	2,569	Upgrade
Earnings From Continuing Operations	428	4,586	8,368	4,327	7,989	7,201	Upgrade
Earnings From Discontinued Operations	-	-	-	-	-	-9	Upgrade
Net Income to Company	428	4,586	8,368	4,327	7,989	7,192	Upgrade
Minority Interest in Earnings	41	28	-24	-16	12	-13	Upgrade
Net Income	469	4,614	8,344	4,311	8,001	7,179	Upgrade
Net Income to Common	469	4,614	8,344	4,311	8,001	7,179	Upgrade
Net Income Growth	-90.65%	-44.70%	93.55%	-46.12%	11.45%	8.21%	Upgrade
Shares Outstanding (Basic)	1,265	1,259	1,285	1,312	1,319	1,309	Upgrade
Shares Outstanding (Diluted)	1,265	1,262	1,290	1,323	1,329	1,314	Upgrade
Shares Change (YoY)	-0.37%	-2.17%	-2.49%	-0.45%	1.14%	0.69%	Upgrade
EPS (Basic)	0.37	3.66	6.49	3.29	6.07	5.48	Upgrade
EPS (Diluted)	0.37	3.66	6.47	3.26	6.02	5.46	Upgrade
EPS Growth	-90.63%	-43.43%	98.47%	-45.85%	10.19%	7.54%	Upgrade
Free Cash Flow	6,293	6,326	10,395	13,450	15,745	13,428	Upgrade
Free Cash Flow Per Share	4.97	5.01	8.06	10.17	11.85	10.22	Upgrade
Dividend Per Share	2.660	2.660	2.420	2.200	2.000	2.000	Upgrade
Dividend Growth	2.31%	9.92%	10.00%	10.00%	-	-	Upgrade
Gross Margin	13.35%	13.29%	14.94%	16.68%	17.50%	18.01%	Upgrade
Operating Margin	2.53%	2.16%	3.95%	4.89%	4.87%	5.10%	Upgrade
Profit Margin	0.12%	1.24%	2.34%	1.34%	2.75%	2.68%	Upgrade
Free Cash Flow Margin	1.61%	1.71%	2.92%	4.18%	5.41%	5.01%	Upgrade
EBITDA	14,533	12,616	18,439	19,966	18,643	18,104	Upgrade
EBITDA Margin	3.71%	3.40%	5.17%	6.21%	6.41%	6.76%	Upgrade
D&A For EBITDA	4,606	4,597	4,366	4,224	4,486	4,441	Upgrade
EBIT	9,927	8,019	14,073	15,742	14,157	13,663	Upgrade
EBIT Margin	2.53%	2.16%	3.95%	4.89%	4.87%	5.10%	Upgrade
Effective Tax Rate	85.28%	25.41%	25.11%	25.86%	24.18%	26.30%	Upgrade
Revenue as Reported	394,084	372,809	357,776	322,467	292,111	268,706	Upgrade
Advertising Expenses	-	989	985	745	707	613	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.