Shares Outstanding for CVS Health (CVS)
According to CVS Health's latest reported financial statements, the company's latest reported diluted shares outstanding is 1.28B. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
CVS
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Latest period
1.28B
YoY change
+0.7%
5Y CAGR
-0.7%
Peak year (2008)
1.47B
Latest annual
1.27B
Shares Outstanding history chart for CVS Health (CVS) from 1985 to 2025
Shares Outstanding history table for CVS Health (CVS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 1.27B | +0.7% | ||
| 2024 | 1.26B | -2.2% | ||
| 2023 | 1.29B | -2.5% | ||
| 2022 | 1.32B | -0.5% | ||
| 2021 | 1.33B | +1.1% | ||
| 2020 | 1.31B | +0.7% | ||
| 2019 | 1.30B | +25.0% | ||
| 2018 | 1.04B | +2.0% | ||
| 2017 | 1.02B | -5.1% | ||
| 2016 | 1.08B | -4.2% | ||
| 2015 | 1.13B | -3.7% | ||
| 2014 | 1.17B | -4.6% | ||
| 2013 | 1.23B | -4.2% | ||
| 2012 | 1.28B | -5.0% | ||
| 2011 | 1.35B | -2.2% | ||
| 2010 | 1.38B | -5.0% | ||
| 2009 | 1.45B | -1.3% | ||
| 2008 | 1.47B | +7.1% | ||
| 2007 | 1.37B | +60.8% | ||
| 2006 | 853.20M | +1.4% | ||
| 2005 | 841.60M | +2.3% | ||
| 2004 | 822.36M | +1.7% | ||
| 2003 | 808.45M | -0.3% | ||
| 2002 | 810.60M | +1.7% | ||
| 2001 | 797.00M | -0.3% | ||
| 2000 | 799.34M | -2.3% | ||
| 1999 | 817.80M | +0.9% | ||
| 1998 | 810.40M | +2.5% | ||
| 1997 | 790.53M | +85.4% | ||
| 1996 | 426.40M | -1.3% | ||
| 1995 | 432.00M | +2.2% | ||
| 1994 | 422.55M | -20.2% | ||
| 1993 | 529.41M | +25.9% | ||
| 1992 | 420.36M | +1.6% | ||
| 1991 | 413.63M | +0.8% | ||
| 1990 | 410.44M | -4.7% | ||
| 1989 | 430.67M | -1.2% | ||
| 1988 | 435.81M | +0.8% | ||
| 1987 | 432.27M | -0.2% | ||
| 1986 | 433.09M | -0.0% | ||
| 1985 | 433.20M | — |
Shares Outstanding values are taken from CVS Health's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, CVS Health (CVS) diluted shares outstanding totalled 1.27B – edged up 0.7% year-over-year.
CVS Health diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is -0.7%, with a net decline across the window.
CVS Health diluted shares outstanding peaked at 1.47B in 2008; the latest annual figure is 1.27B in 2025 (13.5% below peak).
2008 marks the peak diluted shares outstanding at 1.47B, with the historical low of 410.44M recorded in 1990.
Within Healthcare, CVS Health (CVS) ranks 5th among 8 peers we track. The peer median for diluted shares outstanding is 1.34B.
CVS Health Shares Outstanding by Year
CVS Health Shares Outstanding 2025: 1.27B
CVS Health diluted shares outstanding in 2025 was 1.27B, edged up 0.7% from 2024.
CVS Health Shares Outstanding 2024: 1.26B
CVS Health diluted shares outstanding in 2024 was 1.26B, edged down 2.2% below 2023.
CVS Health Shares Outstanding 2023: 1.29B
CVS Health diluted shares outstanding in 2023 was 1.29B, edged down 2.5% below 2022.
CVS Health Shares Outstanding 2022: 1.32B
CVS Health diluted shares outstanding in 2022 was 1.32B, edged down 0.5% below 2021.
CVS Health Shares Outstanding 2021: 1.33B
CVS Health diluted shares outstanding in 2021 was 1.33B.
See more financial history for CVS Health (CVS).
Sector peers — Shares Outstanding
Companies in the same sector as CVS Health, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | 4.45B | Healthcare |
| Merck & Co., Inc. (MRK) | 2.51B | Healthcare |
| Johnson & Johnson (JNJ) | 2.43B | Healthcare |
| AbbVie Inc. (ABBV) | 1.77B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | 910.00M | Healthcare |
| Eli Lilly and Company (LLY) | 898.00M | Healthcare |
| AstraZeneca PLC (AZN) | 781.00M | Healthcare |
| Amgen Inc. (AMGN) | 542.00M | Healthcare |
Frequently asked questions
What is CVS Health's diluted shares outstanding?
- Latest reported diluted shares outstanding for CVS Health (CVS) is 1.28B (period ending December 31, 2025).
How has CVS Health diluted shares outstanding changed year-over-year?
- CVS Health (CVS) diluted shares outstanding changed +0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of CVS Health diluted shares outstanding?
- CVS Health (CVS) diluted shares outstanding compound annual growth rate is -0.7% over the most recent 5 years available.
When did CVS Health diluted shares outstanding hit its highest annual value?
- CVS Health diluted shares outstanding reached its highest annual value of 1.47B in 2008.
What was CVS Health diluted shares outstanding in 2024?
- CVS Health (CVS) diluted shares outstanding in 2024 was 1.26B.
What was CVS Health diluted shares outstanding in 2025?
- CVS Health (CVS) diluted shares outstanding in 2025 was 1.27B.
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