CVS Health CVS Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Corporate Other | $484M+7.3% | $451M0.0% | $451M— | —— | |
| Health Care Benefits | $143.35B+9.7% | $130.67B+23.7% | $105.65B+15.6% | $91.35B+11.2% | |
| Health Services | $190.43B+9.7% | $173.61B-7.1% | $186.84B+10.2% | $169.58B+10.2% | |
| Pharmacy & Consumer Wellness | $139.37B+11.9% | $124.5B+6.6% | $116.76B+7.5% | $108.6B+6.9% | |
| Revenues from external customers by Business | |||||
| Corporate/ Other | $53M-5.4% | $56M-1.8% | $57M— | —— | |
| Health Care Benefits | $141.45B+9.6% | $129.12B+23.2% | $104.8B+15.4% | $90.8B+11.5% | |
| Health Services | $164.6B+4.2% | $158.02B-9.2% | $174.02B+10.2% | $157.97B+9.8% | |
| Pharmacy & Consumer Wellness | $93.72B+12.3% | $83.46B+7.4% | $77.75B+6.9% | $72.74B+11.2% | |
| Cost of products sold by Business | |||||
| Corporate/ Other | $0— | $0-100% | $1M-97.6% | $42M— | |
| Health Care Benefits | $0— | $0— | $0— | $0— | |
| Health Services | $175.63B+9.7% | $160.04B-8.8% | $175.42B+9.1% | $160.74B— | |
| Pharmacy & Consumer Wellness | $113.58B+14.3% | $99.34B+8.6% | $91.45B+11.4% | $82.06B— | |
| Less: Net realized capital gains (losses) by Business | |||||
| Corporate/ Other | -$82M-9.3% | -$75M+16.7% | -$90M-76.5% | -$51M— | |
| Health Care Benefits | $13M+113% | -$97M+75.9% | -$402M-78.7% | -$225M— | |
| Health Services | $25M-91.3% | $289M— | $0— | $0— | |
| Pharmacy & Consumer Wellness | $0— | $0+100% | -$5M+88.6% | -$44M— | |
| Adjusted operating income (loss) by Business | |||||
| Corporate Other | -$1.69B-25.1% | -$1.35B-2.3% | -$1.32B— | —— | |
| Health Services | $7.15B-1.3% | $7.24B-0.9% | $7.31B+7.8% | $6.78B-1.1% | |
| Pharmacy & Consumer Wellness | $6.04B+4.6% | $5.77B-3.2% | $5.96B-8.7% | $6.53B-14.3% | |
| Net investment income by Business | |||||
| Corporate Other | $431M+9.1% | $395M+0.3% | $394M— | —— | |
| Health Care Benefits | $1.78B+21.0% | $1.47B+92.5% | $765M+60.7% | $476M-18.8% | |
| Health Services | $20M-93.0% | $285M+28,600% | -$1M— | $0— | |
| Pharmacy & Consumer Wellness | $0— | $0+100% | -$5M+88.6% | -$44M-359% | |
| Health care costs by Business | |||||
| Corporate/ Other | $177M-5.3% | $187M-11.0% | $210M-15.7% | $249M— | |
| Health Care Benefits | $122.95B+8.2% | $113.66B+32.9% | $85.5B+19.6% | $71.47B— | |
| Health Services | $4.83B+41.9% | $3.41B+112% | $1.61B— | $0— | |
| Pharmacy & Consumer Wellness | $0— | $0— | $0— | $0— | |
| D&A by Business | |||||
| Corporate/ Other | $415M+4.8% | $396M+8.5% | $365M+54.0% | $237M+10.2% | |
| Health Care Benefits | $1.58B-1.3% | $1.6B+1.7% | $1.57B-0.4% | $1.58B-12.8% | |
| Health Services | $1.04B-1.9% | $1.06B+20.3% | $880M+69.6% | $519M+2.8% | |
| Pharmacy & Consumer Wellness | $1.57B+1.9% | $1.54B-0.4% | $1.55B-18.0% | $1.89B-3.4% | |
| Health care costs recorded in other insurance liabilities by Business | |||||
| Corporate/ Other | $177M-5.3% | $187M-11.0% | $210M-15.7% | $249M-8.1% | |
| Health Care Benefits | $87M-18.7% | $107M+28.9% | $83M+5.1% | $79M+36.2% | |
| Revenue by Product | |||||
| Products | $249.91B+7.9% | $231.52B-5.6% | $245.14B+8.2% | $226.62B+11.2% | |
| Services | $15.18B-6.6% | $16.24B+32.1% | $12.29B+27.0% | $9.68B-12.3% | |
| Revenues from external customers by Product | |||||
| Front Store | $21.46B-0.3% | $21.52B-4.2% | $22.46B-1.4% | $22.78B+6.9% | |
| Pharmacy | $229.03B+8.9% | $210.27B-5.9% | $223.45B+9.2% | $204.68B+10.9% | |
| Premiums | $134.75B+9.6% | $122.9B+23.9% | $99.19B+16.2% | $85.33B+12.1% | |
| Interest accretion rate by Product | |||||
| Large Case Pensions | 16.8%0.0pp | 16.8%0.0pp | 16.8%0.0pp | 16.8%— | |
| Long Term Care | 20.4%0.0pp | 20.4%0.0pp | 20.4%0.0pp | 20.4%— | |
| Current discount rate by Product | |||||
| Large Case Pensions | 20.8%-0.2pp | 20.9%+0.1pp | 20.9%+2.2pp | 18.7%— | |
| Long Term Care | 22.1%+0.4pp | 21.7%+0.3pp | 21.4%+1.9pp | 19.5%— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does CVS Health break its business down?
- CVS Health (CVS) reports revenue by business across 4 parts — Corporate Other, Health Care Benefits, Health Services and Pharmacy & Consumer Wellness. Each is extracted from the segment footnotes and tracked over time.
- Where does CVS Health's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in CVS Health's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
