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CVS Health CVS Products — Revenue

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Other financials

Income statement

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Revenue$100.43B+6.2%
Gross profit$45.0B+3.3%
Operating income$4.7B+38.7%
Net income$2.9B+65.4%
EPS (diluted)$2.30+63.1%

Balance sheet

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Cash & equivalents$9.8B-5.6%
Total debt$15.2B-14.2%
Total equity$77.5B+0.7%
Total assets$252.97B-1.0%

Cash flow

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Operating cash flow$4.2B-6.7%
CapEx$849.0M+14.3%
Free cash flow$3.4B-10.8%

Valuation

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Market cap$133.25B+71.0%
Enterprise value$138.71B+62.8%
P/E45.5×+28.2×
P/S0.3×+0.1×

Profitability

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Gross margin44.7%-0.1pp
Operating margin1.5%-1.1pp
Net margin0.7%-0.7pp
FCF margin1.8%

Returns & leverage

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Return on equity3.8%-3.2pp
Debt / equity0.2×0.0×
Current ratio0.9×0.0×

Where this comes from

Reported directly by CVS Health in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: CVS Health’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 6:33 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000064803-26-000052
In millions, except per share amountsThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenues:
Products$62,226$57,669
Premiums33,79132,820
Services3,8353,579
Net investment income574520
Total revenues100,42694,588
Operating costs:
Cost of products sold55,44451,057

Item 1.Financial Statements

FAQ

What is CVS Health's products — revenue?
CVS Health (CVS) reported products — revenue of $62.23B in Q1 2026.
How has CVS Health's products — revenue changed year-over-year?
CVS Health's products — revenue increased by 7.9% year-over-year, from $57.67B to $62.23B.
What is the long-term trend for CVS Health's products — revenue?
Over 4 years (2021 to 2025), CVS Health's products — revenue has grown at a 5.2% compound annual growth rate (CAGR), from $203.74B to $249.91B.
What does products — revenue mean?
This metric represents the total gross sales generated from the sale of pharmaceutical products, over-the-counter health items, and related retail merchandise. It captures the top-line performance of the company's core pharmacy and retail operations before the deduction of operating expenses or cost of goods sold. This segment is a primary driver of cash flow and serves as a critical indicator of consumer demand and retail footprint productivity.

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