Filing Flows › CVS Health (CVS) › How it makes money
How CVS Health (CVS) makes money
CVS Health (CVS) made $108.4B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 3¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $108.4B | 100.0% |
| Operating profit | $3.6B | 3.3% |
| Income tax | $678M | 0.6% |
| Net earnings | $2.2B | 2.0% |
| Operating cash flow | $4.7B | 4.4% |
| Free cash flow | $3.9B | 3.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $108.4B | +5% |
| Q2 2026 | $106.1B | +7% |
| Q1 2026 | $100.4B | +6% |
| Q4 2025 | $105.7B | +8% |
| Q3 2025 | $102.9B | +8% |
| Q2 2025 | $98.9B | +8% |
| Q1 2025 | $94.6B | +7% |
From CVS Health's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does CVS Health make money?
CVS Health (CVS) made $108.4B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 3¢ was left as operating profit, 2¢ was left as net earnings.
What is CVS Health's profit margin?
Net earnings were $2.2B, 2.0% of revenue, in the third quarter 2026; the operating margin was 3.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.