CVS Health (CVS) Revenue — Quarter Ended Mar 31, 2026
Revenue for the quarter increased compared to the same quarter last year, but declined from the immediately preceding quarter. The sequential decline follows three consecutive quarters of growth.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue for the quarter increased compared to the same quarter last year, but declined from the immediately preceding quarter. The sequential decline follows three consecutive quarters of growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$100.4B
Revenue reported for this quarter.
Quarter-over-quarter
-5.0%
Change from the immediately preceding quarter.
Year-over-year
+6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$407.9B
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 |
|---|---|---|
| Jun 30, 2025 | $98.9B | +8.4% |
| Sep 30, 2025 | $102.9B | +7.8% |
| Dec 31, 2025 | $105.7B | +8.2% |
| Mar 31, 2026 | $100.4B | +6.2% |
Revenue performance
All major revenue lines—product sales, premiums, and services—rose compared to the prior year quarter, contributing to the overall year-over-year increase. Net investment income also increased.
Quarterly comparison
Compared to the prior quarter, revenue decreased, reversing the upward trajectory of the previous three quarters. On a year-over-year basis, revenue grew, continuing the pattern of positive annual comparisons.
What to watch
Net cash provided by operating activities decreased from the prior year period, as disclosed in the liquidity section.