Company / Operating Income
CVS Health Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$4.7B
FY2025
5-year range
$4.7B / $13.3B
FY2021-FY2025
Trend
-45.3%
vs FY2024
Sector context
#9 of 156
Health Care
What the data says
Among 156 Health Care companies, CVS Health is in the top 6% for operating income. Operating Income has fluctuated over the past 10 years, ranging from $4.0B in FY2020 to $13.3B in FY2023.
Based on SEC 10-K filings.
$4.7B in FY2025 with a 5-year CAGR of +3.0%. Top quartile in the Health Care sector.
Declined from $13.3B to $4.7B over the past 2 years.
Health Care sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -16.3%
- 5-Year CAGR
- +3.0%
- 10-Year CAGR
- -
Sector benchmark
Top 6% in Health CareTop 6% of 156This company $4.7B Sector average $733.1M
▼
+535.7% above sector average
Key checks
Key Insights
- 5-year CAGR of +3.0%, indicating consistent growth.
- In FY2025, operating income decreased 45.3% year-over-year.
- Ranks #9 out of 156 companies in the Health Care sector.
- Peak operating income was recorded in FY2023.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $4.7B | -45.3% |
| FY2024 | $8.5B | -36.0% |
| FY2023 | $13.3B | +67.3% |
| FY2022 | $8.0B | -33.6% |
| FY2021 | $12.0B | +198.1% |
| FY2020 | $4.0B | -66.5% |
| FY2019 | $12.0B | +198.1% |
| FY2018 | $4.0B | -57.8% |
| FY2017 | $9.5B | -8.2% |
| FY2016 | $10.4B | +9.6% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026