What is CVS Health's operating cash flow?

CVS Health (CVS) reported operating cash flow of $4.25B in Q1 2026.

How has CVS Health's operating cash flow changed year-over-year?

CVS Health's operating cash flow decreased by 6.7% year-over-year, from $4.56B to $4.25B.

What is the long-term trend for CVS Health's operating cash flow?

Over 2 years (2021 to 2025), CVS Health's operating cash flow has grown at a -23.7% compound annual growth rate (CAGR), from $18.27B to $10.64B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

CVS Health CVS Operating Cash Flow

Operating Cash Flow at other companies

Dollar GeneralDG

$716.19M-15.5%

HumanaHUM

$1.25B+279%

Walmart WMT

$4.74B-12.4%

UnitedHealth GroupUNH

$8.91B+63.3%

Option Care Health, Inc.OPCH

-$12.11M-67.9%

AmazonAMZN

$26.03B+53.0%

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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CapEx$849.0M+14.3%

Free cash flow$3.4B-10.8%

Valuation

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Market cap$133.54B+58.6%

Enterprise value$139B+51.7%

P/E45.6×+29.6×

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:NetCashProvidedByUsedInOperatingActivities.

The official record: CVS Health’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CVS Health's operating cash flow?: CVS Health (CVS) reported operating cash flow of $4.25B in Q1 2026.
How has CVS Health's operating cash flow changed year-over-year?: CVS Health's operating cash flow decreased by 6.7% year-over-year, from $4.56B to $4.25B.
What is the long-term trend for CVS Health's operating cash flow?: Over 2 years (2021 to 2025), CVS Health's operating cash flow has grown at a -23.7% compound annual growth rate (CAGR), from $18.27B to $10.64B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.