Health Care · Health Care Services
CVS Health: revenue, profit and dividends
In fiscal 2025, CVS Health had revenue of $402B, up 10.1% a year on average since 2015, and net income of $1.77B (0.4% of revenue). It paid a dividend of $2.66 a share. It has 13% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +7.8% vs 2024
- Ticker
- CVS · NYSE
- Sector
- Health Care
- Sub-industry
- Health Care Services
- Headquarters
- Woonsocket, Rhode Island
- Founded
- 1996
- In the S&P 500 since
- March 4, 1957, the index’s first day
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- CVS HEALTH Corp · CIK 0000064803
Revenue and net income
Revenue went from $76.3B in 2007 to $402B in 2025. Net loss in 2018.
Diluted earnings per share
Diluted EPS went from $1.92 in 2007 to $1.39 in 2025. Ten-year growth: −11.3% a year.
Dividends per share
Not raised in 2025. Ten-year growth: 6.6% a year.
Shares outstanding
12.9% more shares in 2025 than in 2015 (1.13B → 1.27B): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $7.81B in 2025, 1.9% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $402B | $1.77B | 0.4% | $1.39 | $2.66 | 1.27B | $10.6B | $2.83B | $7.81B |
| 2024 | $373B | $4.61B | 1.2% | $3.66 | $2.66 | 1.26B | $9.11B | $2.78B | $6.33B |
| 2023 | $358B | $8.34B | 2.3% | $6.47 | $2.42 | 1.29B | $13.4B | $3.03B | $10.4B |
| 2022 | $322B | $4.31B | 1.3% | $3.26 | $2.20 | 1.32B | $16.2B | $2.73B | $13.4B |
| 2021 | $292B | $8.0B | 2.7% | $6.02 | $2.00 | 1.33B | $18.3B | $2.52B | $15.7B |
| 2020 | $269B | $7.18B | 2.7% | $5.46 | $2.00 | 1.31B | $15.9B | $2.44B | $13.4B |
| 2019 | $257B | $6.63B | 2.6% | $5.08 | $2.00 | 1.3B | $12.8B | $2.46B | $10.4B |
| 2018 | $195B | −$594M | −0.3% | −$0.57 | $2.00 | 1.04B | $8.87B | $2.04B | $6.83B |
| 2017 | $185B | $6.62B | 3.6% | $6.44 | $2.00 | 1.02B | $8.01B | $1.92B | $6.09B |
| 2016 | $178B | $5.32B | 3.0% | $4.90 | $1.70 | 1.08B | $10.1B | $2.22B | $7.92B |
| 2015 | $153B | $5.24B | 3.4% | $4.63 | $1.40 | 1.13B | $8.54B | $2.37B | $6.17B |
| 2014 | $139B | $4.64B | 3.3% | $3.96 | $1.10 | 1.17B | $8.14B | $2.14B | $6.0B |
| 2013 | $127B | $4.59B | 3.6% | $3.74 | $0.90 | 1.23B | $5.78B | $1.98B | $3.8B |
| 2012 | $123B | $3.86B | 3.1% | $3.02 | $0.65 | 1.28B | $6.67B | $2.03B | $4.64B |
| 2011 | $107B | $3.46B | 3.2% | $2.57 | $0.50 | 1.35B | $5.86B | $1.87B | $3.98B |
| 2010 | $95.8B | $3.43B | 3.6% | $2.49 | $0.35 | 1.38B | $4.78B | $2.0B | $2.77B |
| 2009 | $98.2B | $3.7B | 3.8% | $2.55 | $0.30 | 1.45B | $4.04B | $2.55B | $1.49B |
| 2008 | $87.5B | $3.2B | 3.7% | $2.18 | $0.26 | 1.47B | $3.95B | $2.18B | $1.77B |
| 2007 | $76.3B | $2.64B | 3.5% | $1.92 | $0.23 | 1.37B | $3.23B | $1.8B | $1.43B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Health Care Services companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.