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CVS Health CVS Front Store — Revenues from external customers

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Other financials

Income statement

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Revenue$106.10B+7.3%
Gross profit$47.2B+5.2%
Operating income$4.7B+97.5%
Net income$3.0B+192%
EPS (diluted)$2.31+189%

Balance sheet

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Cash & equivalents$11.5B-4.1%
Total debt$74.3B+286%
Total equity$79.7B+3.0%
Total assets$253.77B-1.8%

Cash flow

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Operating cash flow$6.3B+234%
CapEx$691.0M+13.8%
Free cash flow$5.7B+338%

Valuation

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Market cap$123.06B+52.8%
Enterprise value$185.87B+112%
P/E25.2×+7.4×
P/S0.3×+0.1×

Profitability

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Gross margin44.5%-0.3pp
Operating margin2%-0.3pp
Net margin1.2%0.0pp
FCF margin2.8%

Returns & leverage

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Return on equity6.2%+0.3pp
Debt / equity0.9×+0.7×
Current ratio0.9×+0.1×

Where this comes from

Reported directly by CVS Health in its filing.

Tagged under the XBRL concept cvs:PremiumsEarnedNetAndRevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: CVS Health’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 6:33 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000064803-26-000098
In millions / Three Months Ended June 30, 2026Health Care Benefits / Three Months Ended June 30, 2026Health Services / Three Months Ended June 30, 2026Pharmacy &Consumer WellnessCorporate/OtherIntersegment EliminationsConsolidated Totals
Major goods/services lines:
Pharmacy$49,194$27,781$(16,149)$60,826
Front Store5,4075,407
Premiums35,11911(13)35,117
Net investment income (loss)508(1)134641
Other1,9112,6026282(1,038)4,105
Total$37,538$51,795$33,816$147$(17,200)$106,096
Health Services distribution channel:

Item 1.Financial Statements

FAQ

What is CVS Health's front store — revenues from external customers?
CVS Health (CVS) reported front store — revenues from external customers of $5.41B in Q2 2026.
How has CVS Health's front store — revenues from external customers changed year-over-year?
CVS Health's front store — revenues from external customers increased by 0.7% year-over-year, from $5.37B to $5.41B.
What is the long-term trend for CVS Health's front store — revenues from external customers?
Over 4 years (2021 to 2025), CVS Health's front store — revenues from external customers has grown at a 0.2% compound annual growth rate (CAGR), from $21.32B to $21.46B.
What does front store — revenues from external customers mean?
This metric represents the total revenue generated from the sale of non-pharmacy retail products, such as health and beauty aids, personal care items, and general merchandise, sold through physical retail pharmacy locations. It serves as a key indicator of consumer traffic and discretionary spending within the company's brick-and-mortar footprint. This revenue stream is distinct from pharmacy services and reflects the performance of the retail consumer goods segment.

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