TTM
$5.97B
YoY change
+21.9%
5Y CAGR
-5.7%
Peak year (FY2020)
$13.9B
Cumulative operating income
$192B
Operating Income history chart for CVS Health (CVS) from 2016 to 2025
Latest: $10.4B
Operating Income growth chart for CVS Health (CVS) from 2016 to 2025
Latest: +21.9%
Operating Income history table for CVS Health (CVS) from 1985 to 2025
| FY2025 | $10.4B | +21.9% | +$1.87B | ||
| FY2024 | $8.52B | -38.0% | -$5.23B | ||
| FY2023 | $13.7B | +72.8% | +$5.79B | ||
| FY2022 | $7.95B | -40.2% | -$5.36B | ||
| FY2021 | $13.3B | -4.3% | -$601M | ||
| FY2020 | $13.9B | +16.1% | +$1.92B | ||
| FY2019 | $12B | +198.1% | +$7.97B | ||
| FY2018 | $4.02B | -57.8% | -$5.52B | ||
| FY2017 | $9.54B | -8.2% | -$848M | ||
| FY2016 | $10.4B | +9.6% | +$911M | ||
| FY2015 | $9.48B | +7.7% | +$676M | ||
| FY2014 | $8.8B | +9.5% | +$762M | ||
| FY2013 | $8.04B | +11.5% | +$827M | ||
| FY2012 | $7.21B | +13.9% | +$879M | ||
| FY2011 | $6.33B | +3.2% | +$194M | ||
| FY2010 | $6.14B | -4.5% | -$288M | ||
| FY2009 | $6.43B | +6.3% | +$379M | ||
| FY2008 | $6.05B | +26.1% | +$1.25B | ||
| FY2007 | $4.79B | +96.3% | +$2.35B | ||
| FY2006 | $2.44B | +20.9% | +$422M | ||
| FY2005 | $2.02B | +38.8% | +$565M | ||
| FY2004 | $1.45B | +2.2% | +$31.1M | ||
| FY2003 | $1.42B | +18.0% | +$217M | ||
| FY2002 | $1.21B | +56.5% | +$436M | ||
| FY2001 | $771M | -41.7% | -$552M | ||
| FY2000 | $1.32B | +16.5% | +$187M | ||
| FY1999 | $1.14B | +22.0% | +$205M | ||
| FY1998 | $931M | +32.2% | +$226M | ||
| FY1997 | $704M | +16.4% | +$99.4M | ||
| FY1996 | $605M | +52.6% | +$209M | ||
| FY1995 | $396M | -35.1% | -$215M | ||
| FY1994 | $611M | -2.0% | -$12.6M | ||
| FY1993 | $623M | +72.7% | +$262M | ||
| FY1992 | $361M | -46.1% | -$309M | ||
| FY1991 | $670M | +0.8% | +$5.4M | ||
| FY1990 | $664M | +0.5% | +$3.3M | ||
| FY1989 | $661M | +12.1% | +$71.3M | ||
| FY1988 | $590M | +12.6% | +$66M | ||
| FY1987 | $524M | +8.3% | +$40.1M | ||
| FY1986 | $484M | +7.7% | +$34.5M | ||
| FY1985 | $449M | — | — |
- FY2025$10.4B+21.9%
- FY2024$8.52B-38.0%
- FY2023$13.7B+72.8%
- FY2022$7.95B-40.2%
- FY2021$13.3B-4.3%
- FY2020$13.9B+16.1%
- FY2019$12B+198.1%
- FY2018$4.02B-57.8%
- FY2017$9.54B-8.2%
- FY2016$10.4B+9.6%
- FY2015$9.48B+7.7%
- FY2014$8.8B+9.5%
- FY2013$8.04B+11.5%
- FY2012$7.21B+13.9%
- FY2011$6.33B+3.2%
- FY2010$6.14B-4.5%
- FY2009$6.43B+6.3%
- FY2008$6.05B+26.1%
- FY2007$4.79B+96.3%
- FY2006$2.44B+20.9%
- FY2005$2.02B+38.8%
- FY2004$1.45B+2.2%
- FY2003$1.42B+18.0%
- FY2002$1.21B+56.5%
- FY2001$771M-41.7%
- FY2000$1.32B+16.5%
- FY1999$1.14B+22.0%
- FY1998$931M+32.2%
- FY1997$704M+16.4%
- FY1996$605M+52.6%
- FY1995$396M-35.1%
- FY1994$611M-2.0%
- FY1993$623M+72.7%
- FY1992$361M-46.1%
- FY1991$670M+0.8%
- FY1990$664M+0.5%
- FY1989$661M+12.1%
- FY1988$590M+12.6%
- FY1987$524M+8.3%
- FY1986$484M+7.7%
- FY1985$449M—
Operating Income values are taken from CVS Health's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at CVS Health (CVS)
According to CVS Health's latest reported financial statements, the company's current operating income (TTM) is $5.97B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, CVS Health (CVS) reported operating income of $10.4B – grew 21.9% year-over-year.
Across 2020–2025 (5 years), CVS Health operating income produced a CAGR of -5.7% – with a net decline across the window.
CVS Health operating income peaked at $13.9B in 2020; the latest annual figure is $10.4B in 2025 (25.3% below peak).
Across the available history, operating income reached its high of $13.9B in 2020 and its low of $361M in 1992.
CVS Health Operating Income by Year
CVS Health Operating Income 2025: $10.4B
CVS Health posted operating income of $10.4B in 2025, grew 21.9% from 2024.
CVS Health Operating Income 2024: $8.52B
In 2024, CVS Health reported operating income of $8.52B, plunged 38.0% below 2023.
CVS Health Operating Income 2023: $13.7B
CVS Health operating income in 2023 was $13.7B, surged 72.8% from 2022.
CVS Health Operating Income 2022: $7.95B
2022's operating income for CVS Health came in at $7.95B, plunged 40.2% below 2021.
CVS Health Operating Income 2021: $13.3B
CVS Health operating income in 2021 was $13.3B.
See more financial history for CVS Health (CVS).
Sector peers by Operating Income
Healthcare peers of CVS Health (CVS), ranked by their latest operating income
| $29.7B | |
| $25.6B | |
| $23.5B | |
| $20.1B | |
| $19.9B | |
| $19B | |
| $10.7B | |
| $8.11B |
- $29.7B
- $25.6B
- $23.5B
- $20.1B
- $19.9B
- $10.7B
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