CVS Health Corporation (CVS) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 13.8% | 2.6% | 0.4% |
| 2024 | 13.8% | 2.3% | 1.2% |
| 2023 | 15.2% | 3.8% | 2.3% |
| 2022 | 16.9% | 2.5% | 1.3% |
| 2021 | 17.8% | 4.6% | 2.7% |
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CVS Health Corporation (CVS) Earnings Overview
As of February 28, 2026, CVS Health Corporation (CVS) reported trailing twelve-month net income of $1.77B, reflecting -0.6% year-over-year growth. The company earned $1.38 per diluted share over the past four quarters, with a net profit margin of 0.0%.
Looking at the long-term picture, CVS's 5-year EPS compound annual growth rate (CAGR) stands at -23.9%, signaling declining earnings. The company achieved its highest annual net income of $8.34B in fiscal 2023.
CVS Health Corporation maintains positive profitability with a gross margin of 0.1%, operating margin of 0.0%, and net margin of 0.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including UNH ($14.23B net income, 0.0% margin), CI ($6.15B net income, 0.0% margin), CVS has room to improve margins relative to the peer group. Compare CVS vs UNH →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
CVSCurrent | $1.8B | $1.38 | 0.0% | 0.0% | -0.6% | — |
UNH | $14.2B | $15.63 | 0.0% | 0.1% | +0.0% | |
CI | $6.1B | $22.92 | 0.0% | 0.1% | -0.3% |
Historical Data
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.77B | -61.7% | $10.38B | $1.39 | 0.4% | 2.6% |
| 2024 | $4.61B | -44.7% | $8.52B | $3.66 | 1.2% | 2.3% |
| 2023 | $8.34B | +93.6% | $13.74B | $6.47 | 2.3% | 3.8% |
| 2022 | $4.31B | -46.1% | $7.95B | $3.26 | 1.3% | 2.5% |
| 2021 | $8.00B | +11.5% | $13.31B | $5.95 | 2.7% | 4.6% |
| 2020 | $7.18B | +8.2% | $13.91B | $5.46 | 2.7% | 5.2% |
| 2019 | $6.63B | +1216.8% | $11.99B | $5.08 | 2.6% | 4.7% |
| 2018 | -$594M | -109.0% | $4.02B | $-0.57 | -0.3% | 2.1% |
| 2017 | $6.62B | +24.5% | $9.54B | $6.44 | 3.6% | 5.2% |
| 2016 | $5.32B | +1.5% | $10.39B | $4.90 | 3.0% | 5.8% |
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Start ComparisonFrequently Asked Questions
Is CVS growing earnings?
CVS EPS of $1.38 reflects slowing growth at -0.6%, below the 5-year CAGR of -23.9%. TTM net income is $1.8B. Expansion rate has moderated.
What are CVS's profit margins?
CVS Health Corporation net margin is +0.0%, with operating margin at +0.0%. Below-average margins reflect competitive or cost pressures.
How consistent are CVS's earnings?
CVS earnings data spans 1989-2025. The current earnings trend is -0.6% YoY. Historical data enables comparison across business cycles.