CVS/$CVS

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About CVS

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the US. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 2 billion adjusted claims annually. It operates a top-tier health insurer (acquired through Aetna) through which it serves about 27 million medical members. The acquisition of Oak Street Health adds primary care services to the mix, which could have significant synergies with all existing business lines.

Ticker

$CVS
Sector

Primary listing

NYSE

Employees

259,500

CVS Metrics

BasicAdvanced
$102B
22.47
$3.59
0.62
$2.66
3.30%

What the Analysts think about CVS

Analyst ratings (Buy, Hold, Sell) for CVS stock.

Bulls say / Bears say

CVS Health’s Aetna unit reported a medical loss ratio of 89.9% in Q2 2025, beating analyst projections of 91.16% and driving a full-year EPS guidance raise to $6.30–$6.40 per share from $6.00–$6.20 (Reuters).
The Pharmacy & Consumer Wellness segment delivered 12.5% revenue growth to $33.58 billion in Q2 2025, bolstered by favorable drug mix and increased prescription volumes, while the Caremark PBM unit saw 10.2% revenue growth, highlighting robust demand across retail and PBM operations (Reuters).
Oak Street Health’s planned expansion to over 300 clinics by 2026 is projected to generate more than $2 billion in adjusted EBITDA and yield over $500 million in annual synergies, underscoring the long-term growth potential of CVS’s primary care integration strategy (Reuters Breakingviews).
The Healthcare Services segment, which includes CVS’s Oak Street Health primary care business, saw adjusted operating income decline by 17.6% year-over-year in Q2 2025 due to elevated medical costs and mix pressures, reflecting integration challenges and persistent cost headwinds (Healthcare Dive).
CVS recorded a $471 million premium deficiency reserve in Q2 2025 for its Group Medicare Advantage plans and experienced a sequential membership decline of 358,000, signaling ongoing utilization pressures and potential profitability risks in its insurance operations (SEC Filing).
Despite top-line growth, the PBM segment’s adjusted operating income fell over 17% year-over-year in Q2 2025, driven by client price concessions and competitive pricing pressures that weigh on Caremark’s profit margins (Associated Press).
Data summarised monthly by Lightyear AI. Last updated on 8 Oct 2025.

CVS Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

CVS Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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