Operating Income
Operating Income
CVS Health Operating Income increased by 121.6% to $4.68B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 38.7%, from $3.37B to $4.68B. Over 4 years (FY 2021 to FY 2025), Operating Income shows a downward trend with a -23.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 6, 2026
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
Metric ID:
operating_incomeHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.33B | $3.06B | $2.35B | $3.55B | $4.67B | -$3.92B | $3.66B | $3.45B | $3.23B | $3.69B | $3.37B | $2.27B | $3.05B | $832.00M | $2.37B | $3.37B | $2.38B | -$3.21B | $2.11B | $4.68B |
| QoQ Change | — | -29.2% | -23.4% | +51.1% | +31.7% | -183.9% | +193.4% | -5.8% | -6.2% | +14.1% | -8.6% | -32.7% | +34.1% | -72.7% | +184.6% | +42.5% | -29.4% | -234.7% | +165.9% | +121.6% |
| YoY Change | — | — | — | — | +7.9% | -228.0% | +56.0% | -2.8% | -30.7% | +194.2% | -7.8% | -34.1% | -5.8% | -77.5% | -29.8% | +48.6% | -21.8% | -485.5% | -10.8% | +38.7% |
Range-$3.92B – $4.68B
CAGR+1.7%
Avg YoY Growth-36.8%
Median YoY Growth-9.3%
Current Streak2 quarters growth
Operating Income at Other Companies
Frequently Asked Questions
- What is CVS Health's operating income?
- CVS Health (CVS) reported operating income of $4.68B in Q1 2026.
- How has CVS Health's operating income changed year-over-year?
- CVS Health's operating income increased by 38.7% year-over-year, from $3.37B to $4.68B.
- What is the long-term trend for CVS Health's operating income?
- Over 4 years (2021 to 2025), CVS Health's operating income has grown at a -23.1% compound annual growth rate (CAGR), from $13.31B to $4.66B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.