CVS Health Q2 FY25: where the revenue came from and where it went
The whole income statement of CVS Health for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 31, 2025
Revenue$98.92B
+8% year over year
Gross profit$44.91B
45% margin
Operating profit$2.38B
2% margin
Net profit$1.02B
1% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Segment revenue | 116.39 | 118% | |
| Health services | 40.12 | 41% | |
| Health care benefits | 35.83 | 36% | |
| Premiums | 34.20 | 35% | |
| Front store | 5.37 | 5% | |
| Other | 0.86 | 1% | |
| Corporate/ other | 0.01 | 0% | |
| Eliminations | −17.47 | −18% | |
| Net revenue | 98.92 | 100% | +8% |
| Cost of revenue | −54.01 | 55% | |
| Gross profit | 44.91 | 45% margin | +0pp |
| Operating expenses | −42.53 | 43% | +0pp |
| Operating profit | 2.38 | 2% margin | −1pp |
| Interest & other costs | −0.73 | ||
| Tax | −0.63 | ||
| Net profit | 1.02 | 1% margin | −1pp |
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