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CVS Health (CVS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
CVS Health (CVS) reported revenue of $108.4B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +2% from the quarter before. Operating margin was 3.3%, net earnings $2.2B (2.0% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $108.4B | +2% | +5% |
| Operating profit | $3.6B | -24% | — |
| Net earnings | $2.2B | -28% | — |
| Operating cash flow | $4.7B | -26% | +493% |
| Free cash flow | $3.9B | -31% | 40× |
What changed
Revenue was $108.4B in Q3 2026, up 5% year over year and up 2% from the previous quarter.
Operating profit was $3.6B, a 3.3% margin (up 6.4 points year over year). Total costs fell 1% while revenue rose 5%. Net earnings were $2.2B. The effective tax rate was 23.8%.
Operating cash flow was $4.7B (up 493% year over year), 218% of net earnings. Non-cash charges added back $1.1B of depreciation and amortization and $0.17B of share-based compensation. Working capital and other items added $1.3B. Capital expenditures of $0.82B left free cash flow of $3.9B.
Questions
What was CVS Health's revenue in the third quarter 2026?
CVS Health (CVS) reported revenue of $108.4B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +2% from the quarter before.
Was CVS Health profitable in the third quarter 2026?
Operating profit was $3.6B (3.3% of revenue) and net earnings $2.2B.
Source: CVS Health 10-Q on SEC EDGAR.