CVS Health (CVS) Revenue — Quarter Ended Jun 30, 2023
Revenue climbed strongly in the quarter, continuing an upward trend. The growth was driven by broad-based gains across all business segments.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue climbed strongly in the quarter, continuing an upward trend. The growth was driven by broad-based gains across all business segments.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$88.9B
Revenue reported for this quarter.
Quarter-over-quarter
+4.3%
Change from the immediately preceding quarter.
Year-over-year
+10.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$339.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $81.2B | +10.0% |
| Dec 31, 2022 | $83.8B | +9.5% |
| Mar 31, 2023 | $85.3B | +11.0% |
| Jun 30, 2023 | $88.9B | +10.3% |
Revenue performance
Total revenue increased compared to the prior quarter, reflecting sustained momentum across the company. The expansion was supported by contributions from each operating segment.
Quarterly comparison
Revenue was higher than both the immediately preceding quarter and the same quarter one year earlier. The year-over-year gain was particularly notable, while the sequential increase remained solid.
What to watch
Monitor the sustainability of segment-level growth amid evolving market conditions.