FINHUB Insights

CVS · Q1 FY25 · Jan 1 – Mar 31, 2025

CVS Health Q1 FY25: where the revenue came from and where it went

CVS Health Q1 FY25: revenue $94.6B (+7% year over year). Net profit $1.8B. Largest cohort Health Services $38.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
May 1, 2025 10-Q
Sankey diagram of CVS Health's income statement for Q1 FY25: revenue of $94.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$94.6B +7% year over year
Gross profit$43.5B 46% margin
Operating profit$3.4B 4% margin
Net profit$1.8B 2% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 94.6 100% +7%
Health Services 38.1 40%
Health Care Benefits 34.4 36%
Premiums 32.8 35%
Front Store 5.2 5%
Cost of revenue−51.154%
Gross profit43.546% margin+0pp
Operating expenses−40.242%+0pp
Operating profit3.44% margin+1pp
Tax−0.8
Interest & other costs−0.8
Net profit1.82%+1pp
Filing on EDGAR More quarters of CVS

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters