Business Segments · Operating Income
Health Care Benefits — Operating Income
CVS Health Health Care Benefits — 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), Health Care Benefits — 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
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2025
Last reportedQ1 2026
Rolls up toOperating Income
How to read this metric
An increase indicates improved segment profitability and operational success, while a decrease signals margin pressure or rising costs.
Detailed definition
This represents the profitability of the health benefits segment after accounting for both medical claims and operationa...
Peer comparison
Standard across all public companies as 'Segment Operating Income'.
Metric ID:
cvs_segment_health_care_benefits_operating_income_lossHistorical 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
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Frequently Asked Questions
- What is CVS Health's health care benefits — operating income?
- CVS Health (CVS) reported health care benefits — operating income of $4.68B in Q1 2026.
- How has CVS Health's health care benefits — operating income changed year-over-year?
- CVS Health's health care benefits — 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 health care benefits — operating income?
- Over 4 years (2021 to 2025), CVS Health's health care benefits — operating income has grown at a -23.1% compound annual growth rate (CAGR), from $13.31B to $4.66B.
- What does health care benefits — operating income mean?
- The profit or loss generated by the health benefits segment after all related operating costs and claims are paid.