When did CVS Health report Q1 2025 earnings?

CVS Health (CVS) reported Q1 2025 earnings on May 1, 2025 before market open.

What were CVS Health's Q1 2025 revenue and EPS?

CVS Health reported revenue of $94.6B and diluted EPS of $2.25 for Q1 2025.

Did CVS Health beat estimates in Q1 2025?

Revenue beat the consensus estimate of $93.7B by $909.3M. EPS beat the consensus estimate of $1.70 by $0.55.

How did CVS Health's Q1 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 7.0% from $88.4B a year earlier and diluted EPS grew 71.8% from $1.31.

Where can I find CVS Health's Q1 2025 SEC filings?

You can read the 10-Q periodic report (0000064803-25-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.

CVS Health CVS Q1 2025 earnings

Reported May 1, 2025 · Before market open

Revenue$94.6BBeat by $909.3M Diluted EPS$2.25Beat by $0.55

Revenue estimate$93.7B

EPS estimate$1.70

Next report

Jul 30, 2026 (in a month)

Revenue estimate$100.17B

EPS estimate$1.86

Financials

Q1 2025

Income statement

See full

Revenue$94.6B+7.0%

Gross profit$43.5B+7.8%

Operating income$3.4B+48.6%

Net income$1.8B+59.8%

EPS (diluted)$1.41+60.2%

Balance sheet

See full

Cash & equivalents$10.3B+2.4%

Total debt$17.8B-12.8%

Total equity$76.9B+4.0%

Total assets$255.59B+2.3%

Cash flow

See full

Operating cash flow$4.6B-7.1%

CapEx$743.0M+5.4%

Free cash flow$3.8B-9.2%

Valuation & ratios

Q1 2025

Valuation

See full

Market cap$85.42B-14.9%

Enterprise value$92.83B-16.1%

P/E16.2×+2.5×

P/S0.2×-0.1×

Profitability

See full

Gross margin44.8%+4.0pp

Operating margin2.5%-0.9pp

Net margin1.4%-0.6pp

Returns & leverage

See full

Return on equity7%-3.1pp

Debt / equity0.2×0.0×

Current ratio0.8×0.0×

Segments

By segment

See full

Health Services$43.5B+7.9%

Health Care Benefits$34.8B+8.0%

Pharmacy & Consumer Wellness$31.9B+11.1%

Corporate Other$133.0M—

Versus estimates

Revenue

Q1 2026$100.43BBeat by $5.4B Q4 2025$105.69BBeat by $2.0B Q3 2025$102.87BBeat by $4.1B Q2 2025$98.9BBeat by $4.4B

Q1 2025$94.6BBeat by $909.3M

Q4 2024$97.7BBeat by $617.3M

Diluted EPS

Q1 2026$2.57Beat by $0.39 Q4 2025$1.09Beat by $0.09 Q3 2025$1.60Beat by $0.23 Q2 2025$1.81Beat by $0.35

Q1 2025$2.25Beat by $0.55

Q4 2024$1.19Beat by $0.28

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Questions, answered.

When did CVS Health report Q1 2025 earnings?: CVS Health (CVS) reported Q1 2025 earnings on May 1, 2025 before market open.
What were CVS Health's Q1 2025 revenue and EPS?: CVS Health reported revenue of $94.6B and diluted EPS of $2.25 for Q1 2025.
Did CVS Health beat estimates in Q1 2025?: Revenue beat the consensus estimate of $93.7B by $909.3M. EPS beat the consensus estimate of $1.70 by $0.55.
How did CVS Health's Q1 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 7.0% from $88.4B a year earlier and diluted EPS grew 71.8% from $1.31.
Where can I find CVS Health's Q1 2025 SEC filings?: You can read the 10-Q periodic report (0000064803-25-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.