CVS Health (CVS) Revenue — Quarter Ended Mar 31, 2025
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$94.6B
Revenue reported for this quarter.
Quarter-over-quarter
-3.2%
Change from the immediately preceding quarter.
Year-over-year
+7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$379B
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 |
|---|---|---|
| Jun 30, 2024 | $91.2B | +2.6% |
| Sep 30, 2024 | $95.4B | +6.3% |
| Dec 31, 2024 | $97.7B | +4.2% |
| Mar 31, 2025 | $94.6B | +7.0% |
Revenue performance
The reported revenue declined from the previous quarter, but remained higher than the year-ago period.
Quarterly comparison
Compared to the prior quarter, revenue fell, reversing the sequential growth seen in recent quarters. On a year-over-year basis, revenue continued to expand, consistent with the positive annual comparison observed in the prior quarter.
What to watch
The sequential revenue decline after several quarters of growth may warrant monitoring for any emerging trend.