What does pharmacy & consumer wellness — health care costs mean?

Direct expenses related to the provision of medical services, claims, and health benefits managed by the segment. This reflects the underlying cost of delivering healthcare coverage or services.

CVS Health (CVS) Pharmacy & Consumer Wellness — Health care costs

Screener

Other segment segments

Health Care Benefits

$30.69B-0.2%

Health Services

$1.35B+22.6%

Corporate/ Other

$44M+10.0%

Similar metrics at other companies

CIEvernorth Health Services — Medical costs and other benefit expenses

$0—

ELVHealth Benefits — Benefit expense

$36.74B+3.5%

CNOHealth: — Insurance policy benefits

$322.3M+2.9%

AIZAccident and health insurance — Policyholder benefits

$2.78M+76.2%

CNCMedicare — Medical costs

$9.89B+15.2%

CNCOther — Medical costs

$371M-28.1%

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 us-gaap:PolicyholderBenefitsAndClaimsIncurredNet.

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	Health Care Benefits	Health Services (1)	Pharmacy &Consumer Wellness	Corporate/Other	Consolidated Totals
Total consolidated revenues					$106,096
Less: Net realized capital gains (losses)	2	—	—	(15)
Cost of products sold	—	47,908	27,282	—
Health care costs	30,692	1,350	—	44
Operating expenses, excluding other segment items (3)	4,418	804	5,059	595
Adjusted operating income (loss)	$2,426	$1,733	$1,475	$(477)	$5,157
Reconciliation of principal measure of segment performance to consolidated operating income:
Amortization of intangible assets (4)					431

Item 1.Financial Statements

FAQ

What is CVS Health's pharmacy & consumer wellness — health care costs?: CVS Health (CVS) reported pharmacy & consumer wellness — health care costs of $0 in Q2 2026.
What does pharmacy & consumer wellness — health care costs mean?: Direct expenses related to the provision of medical services, claims, and health benefits managed by the segment. This reflects the underlying cost of delivering healthcare coverage or services.