Cvs Health annual free cash flow
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Cvs Health Free Cash Flow (FCF) History (CVS)
Cvs Health reported $7.81B in free cash flow for fiscal 2025, an increase of 23.41% from the previous fiscal year, with a free cash flow margin of 1.94%.
View full Cvs Health company overviewCvs Health free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.81B | $1.48B | +23.41% | +1.94% |
| 2024 | 2024-12-31 | $6.33B | −$4.07B | −39.14% | +1.70% |
| 2023 | 2023-12-31 | $10.39B | −$3.06B | −22.71% | +2.91% |
| 2022 | 2022-12-31 | $13.45B | −$2.29B | −14.58% | +4.17% |
| 2021 | 2021-12-31 | $15.74B | $2.32B | +17.25% | +5.39% |
| 2020 | 2020-12-31 | $13.43B | $3.04B | +29.23% | +5.00% |
| 2019 | 2019-12-31 | $10.39B | $3.56B | +52.18% | +4.05% |
| 2018 | 2018-12-31 | $6.83B | $739.0M | +12.14% | +3.52% |
| 2017 | 2017-12-31 | $6.09B | −$1.83B | −23.09% | +3.30% |
| 2016 | 2016-12-31 | $7.92B | $1.75B | +28.27% | +4.46% |
| 2015 | 2015-12-31 | $6.17B | $171.0M | +2.85% | +4.03% |
| 2014 | 2014-12-31 | $6.00B | $2.20B | +57.96% | +4.31% |
| 2013 | 2013-12-31 | $3.80B | −$842.0M | −18.14% | +3.00% |
| 2012 | 2012-12-31 | $4.64B | $657.0M | +16.49% | +3.77% |
| 2011 | 2011-12-31 | $3.98B | $1.21B | +43.62% | +3.72% |
| 2010 | 2010-12-31 | $2.77B | $1.29B | +86.55% | +2.90% |
| 2009 | 2009-12-31 | $1.49B | −$280.0M | −15.85% | +1.51% |
| 2008 | 2008-12-31 | $1.77B | $342.0M | +24.00% | +2.02% |
| 2007 | 2007-12-29 | $1.43B | — | — | +1.87% |
Cvs Health quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.65B | $4.36B | +338.29% | +5.33% |
| Q1 2026 | 2026-03-31 | $3.40B | −$413.0M | −10.83% | +3.39% |
| Q4 2025 | 2025-12-31 | $2.61B | $1.51B | +138.64% | +2.47% |
| Q3 2025 | 2025-09-30 | $98.0M | $1.51B | — | +0.10% |
| Q2 2025 | 2025-06-30 | $1.29B | −$1.16B | −47.37% | +1.30% |
| Q1 2025 | 2025-03-31 | $3.81B | −$385.0M | −9.17% | +4.03% |
| Q4 2024 | 2024-12-31 | $1.09B | $4.64B | — | +1.12% |
| Q3 2024 | 2024-09-30 | −$1.42B | −$3.59B | — | −1.48% |
| Q2 2024 | 2024-06-30 | $2.45B | −$2.87B | −53.90% | +2.69% |
| Q1 2024 | 2024-03-31 | $4.20B | −$2.26B | −34.96% | +4.75% |
| Q4 2023 | 2023-12-31 | −$3.55B | −$907.0M | — | −3.78% |
| Q3 2023 | 2023-09-30 | $2.17B | −$6.37B | −74.59% | +2.42% |
| Q2 2023 | 2023-06-30 | $5.32B | $282.0M | +5.60% | +5.98% |
| Q1 2023 | 2023-03-31 | $6.45B | $3.94B | +156.93% | +7.57% |
| Q4 2022 | 2022-12-31 | −$2.64B | −$6.05B | — | −3.15% |
| Q3 2022 | 2022-09-30 | $8.54B | $3.63B | +73.89% | +10.53% |
| Q2 2022 | 2022-06-30 | $5.04B | −$326.0M | −6.08% | +6.24% |
| Q1 2022 | 2022-03-31 | $2.51B | $449.0M | +21.76% | +3.27% |
| Q4 2021 | 2021-12-31 | $3.41B | $554.0M | +19.41% | +4.45% |
| Q3 2021 | 2021-09-30 | $4.91B | $3.57B | +266.64% | +6.66% |
| Q2 2021 | 2021-06-30 | $5.36B | −$1.31B | −19.64% | +7.38% |
| Q1 2021 | 2021-03-31 | $2.06B | −$500.0M | −19.51% | +2.99% |
| Q4 2020 | 2020-12-31 | $2.85B | $787.0M | +38.07% | +4.10% |
| Q3 2020 | 2020-09-30 | $1.34B | −$987.0M | −42.42% | +2.00% |
| Q2 2020 | 2020-06-30 | $6.67B | $1.91B | +40.00% | +10.21% |
| Q1 2020 | 2020-03-31 | $2.56B | $1.33B | +108.04% | +3.84% |
| Q4 2019 | 2019-12-31 | $2.07B | $173.0M | +9.13% | +3.05% |
| Q3 2019 | 2019-09-30 | $2.33B | $1.77B | +317.77% | +3.61% |
| Q2 2019 | 2019-06-30 | $4.76B | $2.26B | +90.30% | +7.55% |
| Q1 2019 | 2019-03-31 | $1.23B | −$641.0M | −34.22% | +2.01% |
| Q4 2018 | 2018-12-31 | $1.89B | $2.54B | — | +3.49% |
| Q3 2018 | 2018-09-30 | $557.0M | −$1.53B | −73.31% | +1.18% |
| Q2 2018 | 2018-06-30 | $2.50B | $936.0M | +59.69% | +5.36% |
| Q1 2018 | 2018-03-31 | $1.87B | −$1.20B | −39.11% | +4.10% |
| Q4 2017 | 2017-12-31 | −$642.0M | −$2.15B | — | −1.33% |
| Q3 2017 | 2017-09-30 | $2.09B | −$1.34B | −39.14% | +4.52% |
| Q2 2017 | 2017-06-30 | $1.57B | $425.0M | +37.18% | +3.43% |
| Q1 2017 | 2017-03-31 | $3.08B | $1.24B | +67.08% | +6.91% |
| Q4 2016 | 2016-12-31 | $1.50B | −$1.32B | −46.69% | +3.27% |
| Q3 2016 | 2016-09-30 | $3.43B | $2.16B | +169.58% | +7.69% |
| Q2 2016 | 2016-06-30 | $1.14B | $629.0M | +122.37% | +2.61% |
| Q1 2016 | 2016-03-31 | $1.84B | $276.0M | +17.64% | +4.26% |
| Q4 2015 | 2015-12-31 | $2.82B | $98.0M | +3.60% | +6.86% |
| Q3 2015 | 2015-09-30 | $1.27B | $172.0M | +15.64% | +3.29% |
| Q2 2015 | 2015-06-30 | $514.0M | $120.0M | +30.46% | +1.38% |
| Q1 2015 | 2015-03-31 | $1.56B | −$219.0M | −12.28% | +4.31% |
| Q4 2014 | 2014-12-31 | $2.72B | $1.84B | +208.03% | +7.35% |
| Q3 2014 | 2014-09-30 | $1.10B | −$77.0M | −6.54% | +3.14% |
| Q2 2014 | 2014-06-30 | $394.0M | −$22.0M | −5.29% | +1.14% |
| Q1 2014 | 2014-03-31 | $1.78B | $462.0M | +34.95% | +5.46% |
| Q4 2013 | 2013-12-31 | $884.0M | −$131.0M | −12.91% | +2.69% |
| Q3 2013 | 2013-09-30 | $1.18B | $750.0M | +175.64% | +3.69% |
| Q2 2013 | 2013-06-30 | $416.0M | −$373.0M | −47.28% | +1.33% |
| Q1 2013 | 2013-03-31 | $1.32B | −$1.09B | −45.15% | +4.30% |
| Q4 2012 | 2012-12-31 | $1.01B | $898.0M | +767.52% | +3.23% |
| Q3 2012 | 2012-09-30 | $427.0M | −$1.08B | −71.61% | +1.41% |
| Q2 2012 | 2012-06-30 | $789.0M | −$17.0M | −2.11% | +2.57% |
| Q1 2012 | 2012-03-31 | $2.41B | $853.0M | +54.78% | +7.83% |
| Q4 2011 | 2011-12-31 | $117.0M | −$1.03B | −89.82% | +0.41% |
| Q3 2011 | 2011-09-30 | $1.50B | $725.0M | +93.07% | +5.64% |
| Q2 2011 | 2011-06-30 | $806.0M | $619.0M | +331.02% | +3.05% |
| Q1 2011 | 2011-03-31 | $1.56B | $898.0M | +136.27% | +6.06% |
| Q4 2010 | 2010-12-31 | $1.15B | $140.0M | +13.88% | +4.73% |
| Q3 2010 | 2010-09-30 | $779.0M | $533.0M | +216.67% | +3.29% |
| Q2 2010 | 2010-06-30 | $187.0M | $260.0M | — | +0.78% |
| Q1 2010 | 2010-03-31 | $659.0M | $354.0M | +116.07% | +2.77% |
| Q4 2009 | 2009-12-31 | $1.01B | $750.7M | +290.63% | +3.99% |
| Q3 2009 | 2009-09-30 | $246.0M | — | — | +1.00% |
| Q2 2009 | 2009-06-30 | −$73.0M | — | — | −0.29% |
| Q1 2009 | 2009-03-31 | $305.0M | — | — | +1.30% |
| Q3 2008 | 2008-09-27 | $258.3M | — | — | +1.24% |
Cvs Health free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $13.43B to $7.81B, a compound annual decline of 10.28%. Cvs Health's latest reported quarter, Q2 2026, generated $5.65B in free cash flow, an increase of 338.29% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Cvs Health filings at SEC.gov ↗