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CVS Health CVS Q2 2024 earnings

Reported August 7, 2024 · Before market open

Revenue estimate$91.4B
EPS estimate$1.73

Next report

Jul 30, 2026 (in a month)
Revenue estimate$100.17B
EPS estimate$1.86

Financials

Q2 2024

Income statement

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Revenue$91.2B+2.6%
Gross profit$41.2B+16.5%
Operating income$3.0B-5.8%
Net income$1.8B-6.9%
EPS (diluted)$1.41-4.7%

Balance sheet

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Cash & equivalents$12.8B-9.3%
Total debt$85.2B+0.7%
Total equity$74.9B+3.0%
Total assets$252.48B+1.0%

Cash flow

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Operating cash flow$3.1B-47.7%
CapEx$638.0M+8.0%
Free cash flow$2.5B-53.9%

Valuation & ratios

Q2 2024

Valuation

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Market cap$74.14B-16.3%
Enterprise value$146.52B-7.9%
P/E10.3×-19.6×
P/S0.2×-0.1×

Profitability

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Gross margin42.1%+3.2pp
Operating margin3.4%+1.5pp
Net margin2%+1.1pp

Returns & leverage

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Return on equity9.7%+5.7pp
Debt / equity1.1×0.0×
Current ratio0.9×0.0×

Segments

By segment

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Health Services$42.2B-8.8%
Health Care Benefits$32.5B+21.4%
Pharmacy & Consumer Wellness$29.8B+3.7%
Corporate Other$111.0M

Versus estimates

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Questions, answered.

When did CVS Health report Q2 2024 earnings?
CVS Health (CVS) reported Q2 2024 earnings on August 7, 2024 before market open.
What were CVS Health's Q2 2024 revenue and EPS?
CVS Health reported revenue of $91.2B and diluted EPS of $1.83 for Q2 2024.
Did CVS Health beat estimates in Q2 2024?
Revenue missed the consensus estimate of $91.4B by $174.1M. EPS beat the consensus estimate of $1.73 by $0.10.
Where can I find CVS Health's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000064803-24-000029) directly on SEC EDGAR. The filing index links above go to sec.gov.