Cvs Health annual gross margin
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2025
Cvs Health Gross Margin Growth & History (CVS)
Cvs Health's gross margin was 44.99% for fiscal 2025.
View full Cvs Health company overviewCvs Health annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 44.99% | +0.33 pp |
| 2024 | 2024-12-31 | 44.67% | +5.35 pp |
| 2023 | 2023-12-31 | 39.32% | +0.38 pp |
| 2022 | 2022-12-31 | 38.94% | −0.87 pp |
| 2021 | 2021-12-31 | 39.82% | +0.84 pp |
| 2020 | 2020-12-31 | 38.97% | +0.79 pp |
| 2019 | 2019-12-31 | 38.19% | +18.86 pp |
| 2018 | 2018-12-31 | 19.32% | +3.87 pp |
| 2017 | 2017-12-31 | 15.45% | −0.81 pp |
| 2016 | 2016-12-31 | 16.26% | −1.05 pp |
| 2015 | 2015-12-31 | 17.31% | −0.90 pp |
| 2014 | 2014-12-31 | 18.20% | −0.56 pp |
| 2013 | 2013-12-31 | 18.76% | +0.50 pp |
| 2012 | 2012-12-31 | 18.27% | −0.94 pp |
| 2011 | 2011-12-31 | 19.20% | −1.91 pp |
| 2010 | 2010-12-31 | 21.11% | +0.38 pp |
| 2009 | 2009-12-31 | 20.73% | −0.18 pp |
| 2008 | 2008-12-31 | 20.91% | −0.19 pp |
| 2007 | 2007-12-29 | 21.10% | — |
Cvs Health quarterly gross margin
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Q2.23
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Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 44.52% | −0.88 pp |
| Q1 2026 | 2026-03-31 | 44.79% | −1.23 pp |
| Q4 2025 | 2025-12-31 | 44.12% | +0.68 pp |
| Q3 2025 | 2025-09-30 | 44.55% | +0.03 pp |
| Q2 2025 | 2025-06-30 | 45.40% | +0.20 pp |
| Q1 2025 | 2025-03-31 | 46.02% | +0.38 pp |
| Q4 2024 | 2024-12-31 | 43.44% | +4.64 pp |
| Q3 2024 | 2024-09-30 | 44.52% | +5.44 pp |
| Q2 2024 | 2024-06-30 | 45.20% | +5.40 pp |
| Q1 2024 | 2024-03-31 | 45.64% | +5.98 pp |
| Q4 2023 | 2023-12-31 | 38.79% | +0.49 pp |
| Q3 2023 | 2023-09-30 | 39.08% | +1.13 pp |
| Q2 2023 | 2023-06-30 | 39.79% | +0.92 pp |
| Q1 2023 | 2023-03-31 | 39.66% | −1.10 pp |
| Q4 2022 | 2022-12-31 | 38.31% | −1.15 pp |
| Q3 2022 | 2022-09-30 | 37.94% | −1.06 pp |
| Q2 2022 | 2022-06-30 | 38.87% | −1.19 pp |
| Q1 2022 | 2022-03-31 | 40.76% | −0.05 pp |
| Q4 2021 | 2021-12-31 | 39.46% | +0.49 pp |
| Q3 2021 | 2021-09-30 | 39.00% | +0.06 pp |
| Q2 2021 | 2021-06-30 | 40.07% | +1.66 pp |
| Q1 2021 | 2021-03-31 | 40.82% | +1.26 pp |
| Q4 2020 | 2020-12-31 | 38.97% | +0.65 pp |
| Q3 2020 | 2020-09-30 | 38.95% | +1.59 pp |
| Q2 2020 | 2020-06-30 | 38.41% | +0.13 pp |
| Q1 2020 | 2020-03-31 | 39.56% | +0.23 pp |
| Q4 2019 | 2019-12-31 | 38.32% | +8.76 pp |
| Q3 2019 | 2019-09-30 | 37.35% | +21.85 pp |
| Q2 2019 | 2019-06-30 | 38.28% | +22.86 pp |
| Q1 2019 | 2019-03-31 | 39.33% | +24.32 pp |
| Q4 2018 | 2018-12-31 | 29.55% | +13.22 pp |
| Q3 2018 | 2018-09-30 | 15.50% | +0.09 pp |
| Q2 2018 | 2018-06-30 | 15.42% | +0.26 pp |
| Q1 2018 | 2018-03-31 | 15.01% | +0.25 pp |
| Q4 2017 | 2017-12-31 | 16.34% | −0.21 pp |
| Q3 2017 | 2017-09-30 | 15.41% | −1.38 pp |
| Q2 2017 | 2017-06-30 | 15.16% | −0.88 pp |
| Q1 2017 | 2017-03-31 | 14.76% | −0.84 pp |
| Q4 2016 | 2016-12-31 | 16.55% | −1.20 pp |
| Q3 2016 | 2016-09-30 | 16.79% | −0.44 pp |
| Q2 2016 | 2016-06-30 | 16.04% | −1.18 pp |
| Q1 2016 | 2016-03-31 | 15.61% | −1.36 pp |
| Q4 2015 | 2015-12-31 | 17.74% | −0.16 pp |
| Q3 2015 | 2015-09-30 | 17.24% | −1.23 pp |
| Q2 2015 | 2015-06-30 | 17.22% | −1.05 pp |
| Q1 2015 | 2015-03-31 | 16.97% | −1.21 pp |
| Q4 2014 | 2014-12-31 | 17.90% | −1.41 pp |
| Q3 2014 | 2014-09-30 | 18.47% | −0.41 pp |
| Q2 2014 | 2014-06-30 | 18.28% | −0.42 pp |
| Q1 2014 | 2014-03-31 | 18.18% | +0.04 pp |
| Q4 2013 | 2013-12-31 | 19.31% | −0.74 pp |
| Q3 2013 | 2013-09-30 | 18.87% | +0.21 pp |
| Q2 2013 | 2013-06-30 | 18.69% | +0.96 pp |
| Q1 2013 | 2013-03-31 | 18.14% | +1.55 pp |
| Q4 2012 | 2012-12-31 | 20.05% | +0.43 pp |
| Q3 2012 | 2012-09-30 | 18.67% | −0.74 pp |
| Q2 2012 | 2012-06-30 | 17.73% | −1.52 pp |
| Q1 2012 | 2012-03-31 | 16.58% | −1.87 pp |
| Q4 2011 | 2011-12-31 | 19.62% | −2.56 pp |
| Q3 2011 | 2011-09-30 | 19.41% | −1.74 pp |
| Q2 2011 | 2011-06-30 | 19.25% | −1.73 pp |
| Q1 2011 | 2011-03-31 | 18.45% | −1.63 pp |
| Q4 2010 | 2010-12-31 | 22.18% | +0.62 pp |
| Q3 2010 | 2010-09-30 | 21.15% | +0.81 pp |
| Q2 2010 | 2010-06-30 | 20.98% | +0.67 pp |
| Q1 2010 | 2010-03-31 | 20.08% | −0.21 pp |
| Q4 2009 | 2009-12-31 | 21.56% | — |
| Q3 2009 | 2009-09-30 | 20.34% | −0.75 pp |
| Q2 2009 | 2009-06-30 | 20.31% | −0.37 pp |
| Q1 2009 | 2009-03-31 | 20.30% | — |
| Q3 2008 | 2008-09-27 | 21.09% | — |
| Q2 2008 | 2008-06-28 | 20.69% | — |
Cvs Health gross margin trends
Over the last five fiscal years, Cvs Health's gross margin increased from 38.97% to 44.99%, a change of +6.02 percentage points. The latest reported quarter, Q2 2026, shows 44.52%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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