CVS Health (CVS) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was supported by contributions across several business segments.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was supported by contributions across several business segments.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$95.4B
Revenue reported for this quarter.
Quarter-over-quarter
+4.6%
Change from the immediately preceding quarter.
Year-over-year
+6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$368.9B
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, 2023 | $93.8B | +11.9% |
| Mar 31, 2024 | $88.4B | +3.7% |
| Jun 30, 2024 | $91.2B | +2.6% |
| Sep 30, 2024 | $95.4B | +6.3% |
Revenue performance
The reported revenue rose from the immediately preceding quarter and also increased versus the comparable quarter a year earlier. The year-over-year gain reflects sustained expansion in the company's diversified operations.
Quarterly comparison
When compared to the prior quarter, revenue registered an increase, reversing the prior quarter's sequential trend. Against the same quarter one year ago, revenue was higher, continuing a pattern of year-over-year improvement.
What to watch
The filing context notes an increase in the effective income tax rate for the quarter due to lower pre-tax income compared with the prior year.