CVS Health Pharmacy claims and discounts payable decreased by 2.7% to $26.34B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.0%, from $24.17B to $26.34B. Over 4 years (FY 2021 to FY 2025), Pharmacy claims and discounts payable shows an upward trend with a 11.0% CAGR.
Changes reflect the scale of pharmacy benefit management operations and the timing of settlement for complex pharmaceutical contracts.
This represents long-term obligations related to pharmacy benefit management, specifically for claims processing and neg...
Specific to pharmacy benefit managers and large healthcare organizations.
non_current_liabilities_pharmacy_claims_and_discounts_pa_655c95| Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $17.33B | $19.16B | $19.42B | $20.05B | $20.42B | $21.50B | $22.87B | $22.29B | $24.19B | $23.92B | $24.17B | $25.80B | $26.34B | $27.09B | $26.34B |
| QoQ Change | — | +10.6% | +1.4% | +3.2% | +1.8% | +5.3% | +6.4% | -2.6% | +8.5% | -1.1% | +1.0% | +6.7% | +2.1% | +2.8% | -2.7% |
| YoY Change | — | — | +12.1% | — | — | +12.2% | +17.8% | +11.2% | +18.5% | +11.3% | +5.6% | +15.7% | +8.9% | +13.2% | +9.0% |