CVS Health Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	402,067	372,809	357,776	322,467	292,111
Revenue Growth (YoY)	7.85%	4.20%	10.95%	10.39%	8.71%
Cost of Revenue	346,705	321,408	303,345	267,965	239,991
Gross Profit	55,362	51,401	54,431	54,502	52,120
Selling, General & Admin	44,977	41,706	39,832	38,212	37,021
Other Operating Expenses	5,725	1,179	158	3,270	1,789
Operating Income	4,660	8,516	13,743	7,954	13,310
Interest Expense	3,119	2,958	2,658	-2,287	-2,503
Other Non-Operating Income (Expense)	595	590	88	-169	-634
Total Non-Operating Income (Expense)	3,714	3,548	2,746	-2,456	-3,137
Pretax Income	2,136	6,148	11,173	5,836	10,537
Provision for Income Taxes	408	1,562	2,805	1,509	2,548
Net Income	1,768	4,614	8,344	4,311	8,001
Minority Interest in Earnings	-40	-28	24	16	-12
Net Income to Common	1,768	4,614	8,344	4,311	8,001
Net Income Growth	-61.68%	-44.70%	93.55%	-46.12%	11.45%
Shares Outstanding (Basic)	1,267	1,259	1,285	1,312	1,319
Shares Outstanding (Diluted)	1,271	1,262	1,290	1,323	1,329
Shares Change (YoY)	0.71%	-2.17%	-2.49%	-0.45%	1.14%
EPS (Basic)	1.40	3.67	6.49	3.29	6.07
EPS (Diluted)	1.39	3.66	6.47	3.26	6.02
EPS Growth	-62.02%	-43.43%	98.47%	-45.85%	10.05%
Free Cash Flow	7,807	6,326	10,395	13,450	15,745
Free Cash Flow Growth	23.41%	-39.14%	-22.71%	-14.58%	17.26%
Free Cash Flow Per Share	6.14	5.01	8.06	10.17	11.85
Dividends Per Share	2.660	2.660	2.420	2.200	2.000
Dividend Growth	-	9.92%	10.00%	10.00%	-
Gross Margin	13.77%	13.79%	15.21%	16.90%	17.84%
Operating Margin	1.16%	2.28%	3.84%	2.47%	4.56%
Profit Margin	0.43%	1.23%	2.34%	1.34%	2.73%
FCF Margin	1.94%	1.70%	2.91%	4.17%	5.39%
EBITDA	9,266	13,113	18,109	12,178	17,796
EBITDA Margin	2.30%	3.52%	5.06%	3.78%	6.09%
EBIT	4,660	8,516	13,743	7,954	13,310
EBIT Margin	1.16%	2.28%	3.84%	2.47%	4.56%
Effective Tax Rate	19.10%	25.41%	25.11%	25.86%	24.18%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.