Filing Flows › CVS Health (CVS) › Operating margin
CVS Health (CVS) operating margin by quarter
CVS Health's operating margin was 3.3% in Q3 2026 (third quarter 2026), -1.1 pts from Q2 2026. Over the last 6 quarters it ranged from 2.0% (Q4 2025) to 4.7% (Q1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 3.3% | -1.1 pts | — |
| Q2 2026 | 4.4% | -0.2 pts | +2.0 pts |
| Q1 2026 | 4.7% | +2.7 pts | +1.1 pts |
| Q4 2025 | 2.0% | -0.4 pts | — |
| Q2 2025 | 2.4% | -1.2 pts | — |
| Q1 2025 | 3.6% | — | — |
Q3 2026 at a glance
CVS Health, Q3 2026: revenue $108.4B (+5% year over year), operating margin 3.3%, net earnings $2.2B, operating cash flow $4.7B. The chart follows the revenue to costs, profit and cash.
Questions
What is CVS Health's operating margin?
CVS Health's operating margin was 3.3% in Q3 2026 (third quarter 2026), -1.1 pts from Q2 2026.
How has CVS Health's operating margin changed?
Over the last 6 quarters it ranged from 2.0% (Q4 2025) to 4.7% (Q1 2026).