Business Segments · Revenues from external customers
Health Care Benefits — Revenues from external customers
CVS Health Health Care Benefits — Revenues from external customers increased by 1.0% to $35.79B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.0%, from $32.54B to $35.79B. Over 4 years (FY 2021 to FY 2025), Health Care Benefits — Revenues from external customers shows an upward trend with a 14.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2017
Last reportedQ4 2025
How to read this metric
Provides a cleaner view of market demand and competitive success compared to total segment revenue.
Detailed definition
Revenue generated strictly from transactions with third-party customers outside of the consolidated company. This exclud...
Peer comparison
Standard reporting requirement under segment disclosure rules for public companies.
Metric ID:
cvs_segment_health_care_benefits_revenues_from_external_customersHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $20.37B | $20.31B | $20.52B | $23.00B | $22.65B | $22.39B | $22.82B | $25.69B | $26.52B | $26.09B | $26.50B | $31.87B | $32.16B | $32.56B | $32.54B | $34.41B | $35.83B | $35.43B | $35.79B |
| QoQ Change | — | -0.3% | +1.0% | +12.1% | -1.5% | -1.1% | +1.9% | +12.6% | +3.2% | -1.6% | +1.6% | +20.3% | +0.9% | +1.2% | -0.0% | +5.7% | +4.1% | -1.1% | +1.0% |
| YoY Change | — | — | — | — | +11.2% | +10.2% | +11.2% | +11.7% | +17.1% | +16.5% | +16.1% | +24.0% | +21.3% | +24.8% | +22.8% | +8.0% | +11.4% | +8.8% | +10.0% |
Range$20.31B – $35.83B
CAGR+13.3%
Avg YoY Growth+15.0%
Median YoY Growth+11.7%
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Frequently Asked Questions
- What is CVS Health's health care benefits — revenues from external customers?
- CVS Health (CVS) reported health care benefits — revenues from external customers of $35.79B in Q4 2025.
- How has CVS Health's health care benefits — revenues from external customers changed year-over-year?
- CVS Health's health care benefits — revenues from external customers increased by 10.0% year-over-year, from $32.54B to $35.79B.
- What is the long-term trend for CVS Health's health care benefits — revenues from external customers?
- Over 4 years (2021 to 2025), CVS Health's health care benefits — revenues from external customers has grown at a 14.8% compound annual growth rate (CAGR), from $81.52B to $141.45B.
- What does health care benefits — revenues from external customers mean?
- Revenue earned from outside customers, excluding internal company transfers.