Business Segments · Adjusted operating income (loss)
Health Services — Adjusted operating income (loss)
CVS Health Health Services — Adjusted operating income (loss) decreased by 6.2% to $1.92B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.2%, from $1.76B to $1.92B. Over 4 years (FY 2021 to FY 2025), Health Services — Adjusted operating income (loss) shows relatively stable performance with a 1.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2021
Last reportedQ4 2025
How to read this metric
An increase indicates improved operational efficiency and stronger core business performance.
Detailed definition
This represents the segment's profitability after accounting for core operational revenues and expenses, adjusted for no...
Peer comparison
Standard adjusted operating profit metric used across all public companies to compare core performance.
Metric ID:
cvs_segment_health_services_adjusted_operating_income_lossHistorical 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 | $1.71B | $1.71B | $1.71B | $1.64B | $1.86B | $1.88B | $1.99B | $1.68B | $1.89B | $1.88B | $1.86B | $1.36B | $1.92B | $2.20B | $1.76B | $1.60B | $1.58B | $2.05B | $1.92B |
| QoQ Change | — | +0.0% | +0.0% | -4.6% | +13.4% | +1.2% | +5.9% | -15.5% | +12.7% | -0.8% | -1.0% | -26.7% | +40.5% | +15.1% | -20.1% | -9.0% | -1.7% | +30.2% | -6.2% |
| YoY Change | — | — | — | — | +8.2% | +9.5% | +15.9% | +2.7% | +2.1% | +0.1% | -6.4% | -18.9% | +1.1% | +17.4% | -5.3% | +17.6% | -17.8% | -7.0% | +9.2% |
Range$1.36B – $2.20B
CAGR+2.6%
Avg YoY Growth+1.9%
Median YoY Growth+2.1%
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Frequently Asked Questions
- What is CVS Health's health services — adjusted operating income (loss)?
- CVS Health (CVS) reported health services — adjusted operating income (loss) of $1.92B in Q4 2025.
- How has CVS Health's health services — adjusted operating income (loss) changed year-over-year?
- CVS Health's health services — adjusted operating income (loss) increased by 9.2% year-over-year, from $1.76B to $1.92B.
- What is the long-term trend for CVS Health's health services — adjusted operating income (loss)?
- Over 4 years (2021 to 2025), CVS Health's health services — adjusted operating income (loss) has grown at a 1.0% compound annual growth rate (CAGR), from $6.86B to $7.15B.
- What does health services — adjusted operating income (loss) mean?
- The core profit or loss of the segment, excluding one-time or non-operational items.