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Companies / Health Care / CVS Health
CVS

CVS Health

Health CareRetailS&P 500
Ticker CVSWOONSOCKET, RIFiscal year ends DecemberBook value per share $62.12Diluted shares 1.3B

CVS Health Corporation (NYSE: CVS) operates health insurance, pharmacy benefit management, pharmacy retail and care delivery businesses in the United States. Its four reportable segments are Health Care Benefits, Health Services, Pharmacy & Consumer Wellness, and Corporate/Other. Health Care Benefits, operating under… From the company’s description.

In fiscal 2025, CVS Health reported revenue of $402.07B, up 7.8% from fiscal 2024, and net income of $1.73B. Its operating margin was 1.2%, and operations generated $10.64B in cash. Over the twelve months to Jun 30, 2026, revenue was $415.09B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$402.07BFY2025
+7.8% year over year
Last 12 mo $415.09B
1.16%FY2025
−1.1 percentage points
Last 12 mo 2.00%
$1.73BFY2025
−62.3% year over year
Last 12 mo $4.88B
8.51%FY2025
+1.2 percentage points
Last 12 mo 6.14%
Cash & financing
$10.64BFY2025
+16.8% year over year
Last 12 mo $14.78B
$7.81BFY2025
+23.4% year over year
Last 12 mo $11.76B
0.86FY2025
Was 0.88× a year earlier
Last 12 mo 0.77
1.3BFY2025
+0.7% year over year
Last 12 mo 1.3B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CVS Health does

In the company’s own words

CVS Health Corporation (NYSE: CVS) operates health insurance, pharmacy benefit management, pharmacy retail and care delivery businesses in the United States. Its four reportable segments are Health Care Benefits, Health Services, Pharmacy & Consumer Wellness, and Corporate/Other. Health Care Benefits, operating under Aetna, offers medical, pharmacy, dental and behavioral health coverage, including Medicare Advantage, Medicare Part D, Medicare Supplement and Medicaid products, primarily to individuals, employers and government-sponsored plans. Health Services provides pharmacy benefit management through CVS Caremark, specialty and mail-order pharmacy services, clinical programs, value-based primary care through Oak Street Health, in-home health evaluations through Signify Health, and clinic care through MinuteClinic. It serves employers, health plans, government programs, patients and other benefit-plan sponsors. Pharmacy & Consumer Wellness operates retail pharmacies and consumer health businesses. As of December 31, 2025, CVS Health had approximately 9,000 retail locations, more than 1,000 walk-in and primary care clinics, and a pharmacy benefit manager serving approximately 87 million plan members. Its website is www.cvshealth.com.

Company details
Sector
Health Care
Industry (SIC)
Retail
Headquarters
WOONSOCKET, RI
Fiscal year end
December
CIK
64803
SIC
5912

Financial performance, year by year

Fiscal 2013–2025 · USD
$-42.16B$82.54B$207.25B$331.95B$456.65B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CVS Health — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.1K
funds hold it
3 of 35
superinvestors hold it
$52.95B
held by funds, at market
43.2%
of shares held by funds
52
bond issues held by funds

Superinvestors in CVS Health · what they did last quarter

Prem WatsaUNCHANGED
Fairfax Financial Holdings
10.6%of 13F portfolio
Bill NygrenDECREASED -32.0%
Harris Associates (Oakmark)
<0.1%of 13F portfolio
Mark HillmanDECREASED -17.8%
Hillman Capital Management
4.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · CVS Health’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.18%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.20%of fund net assets
Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
2.77%of fund net assets
—of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

CVS Health’s bonds, as funds hold them

Funds report holding 52 issues of CVS Health’s debt, $12.12B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.68%, maturing 2026 to 2065.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do CVS Health and its peers compare on margins and cash generation over ten years?”
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