CVS HEALTH CORPORATION (CVS) Financials
Key financial figures for CVS HEALTH CORPORATION (Q2 2026).
CVS Health beat Q2 2026 estimates with GAAP diluted EPS of $2.31 and Adjusted EPS of $2.58, as the Health Care Benefits segment's medical benefit ratio improved to 87.4% from 89.9% a year ago, and raised full-year 2026 guidance. Total revenues of $106.1 billion, up 7.3% year over year, driven by growth across all three segments. GAAP diluted EPS of $2.31 (vs. $0.80 in Q2 2025); Adjusted EPS of $2.58 (vs. $1.81 in Q2 2025), led by improved Health Care Benefits adjusted operating income. Health Care Benefits segment: revenue of $37.5 billion, adjusted operating income of $2.43 billion (up from $1.31 billion), and MBR of 87.4% (down from 89.9%), reflecting continued margin recovery in the Government business and the absence of a prior-year premium deficiency reserve. On the outlook: Raised FY2026 guidance: consolidated revenue of at least $414.0 billion (from at least $405.0 billion), GAAP diluted EPS of $6.84 to $7.04 (from $6.24 to $6.44), Adjusted EPS of $7.90 to $8.10 (from $7.30 to $7.50), and cash flow from operations of at least $11.5 billion (from at least $9.5 billion). Figures are for Q2 2026, as CVS Health Corporation reported them.
- Revenue
- $106.1B
- Net Income
- $3.0B
- EPS
- $2.33
- Total Assets
- $253.8B
- Operating Cash Flow
- $6.3B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $106.1B | $3.0B | $2.31 | 4.43% | $5.7B |
| Q1 FY2026 | $100.4B | $2.9B | $2.30 | 4.66% | $3.4B |
| Q4 FY2025 | $105.7B | $2.9B | $2.30 | 2% | $2.6B |
| Q3 FY2025 | $102.9B | -$4.0B | -$3.13 | -3.12% | $98M |
| Q2 FY2025 | $98.9B | $1.0B | $0.80 | 2.41% | $1.3B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $402.1B | $1.8B | $1.39 | 2.58% | $7.8B |
| FY2024 | $372.8B | $4.6B | $3.66 | 2.28% | $6.3B |
| FY2023 | $357.8B | $8.3B | $6.47 | 3.84% | $10.4B |
Frequently asked questions
What was CVS Health Corporation's revenue last quarter?
CVS Health Corporation reported revenue of $106.10 billion for Q2 FY2026, up 7.3% from the same period a year earlier.
Is CVS Health Corporation profitable?
Yes. CVS Health Corporation reported net income of $3.00 billion for Q2 FY2026, a net margin of 2.82% on revenue.
How has CVS Health Corporation's margin trended?
Operating margin was 4.43% in Q2 FY2026, compared with 2.41% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did CVS Health Corporation generate?
CVS Health Corporation generated free cash flow of $5.65 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for CVS HEALTH CORPORATION on SentiSense, with up to forty quarters and twenty fiscal years of history.