CVS Health (CVS) Revenue — Quarter Ended Sep 30, 2023
Revenue rose in the current quarter, driven by growth across all segments. The increase was lower than the prior quarter but higher compared to the same quarter last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue rose in the current quarter, driven by growth across all segments. The increase was lower than the prior quarter but higher compared to the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$89.8B
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+10.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$347.8B
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 |
|---|---|---|
| Dec 31, 2022 | $83.8B | +9.5% |
| Mar 31, 2023 | $85.3B | +11.0% |
| Jun 30, 2023 | $88.9B | +10.3% |
| Sep 30, 2023 | $89.8B | +10.6% |
Revenue performance
Total revenue for the quarter improved sequentially. The expansion was supported by contributions from products, premiums, and services.
Quarterly comparison
Compared with the immediately preceding quarter, revenue grew at a more moderate pace. Versus the same quarter one year earlier, revenue increased at a higher rate.
What to watch
Operating expenses rose to support business growth and recent acquisitions, which may pressure margins in future periods.