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CVS Health CVS Health Services — Copayments

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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$126.47B+57.0%
Enterprise value$189.28B+116%
P/E25.9×+8.1×
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:NetRevenuesRetailCoPayments.

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

(1) Total revenues of the Health Services segment include approximately $2.8 billion and $2.7 billion of retail co-payments for the three months ended June 30, 2026 and 2025, respectively. Total revenues of the Health Services segment include approximately $6.6 billion and $6.4 billion of retail co-payments for the six months ended June 30, 2026 and 2025, respectively.

Item 1.Financial Statements

FAQ

What is CVS Health's health services — copayments?
CVS Health (CVS) reported health services — copayments of $2.8B in Q2 2026.
How has CVS Health's health services — copayments changed year-over-year?
CVS Health's health services — copayments increased by 3.7% year-over-year, from $2.7B to $2.8B.
What is the long-term trend for CVS Health's health services — copayments?
Over 4 years (2021 to 2025), CVS Health's health services — copayments has grown at a -1.5% compound annual growth rate (CAGR), from $11.6B to $10.9B.
What does health services — copayments mean?
This represents the portion of healthcare costs paid directly by the patient or member at the point of service. It serves as a mechanism to share costs between the insurer and the consumer, influencing utilization patterns. Tracking this helps in understanding the revenue mix and the impact of benefit design on overall segment financial performance.

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