FINHUB Insights

CVS · Q2 FY25 · Jun 30, 2025

CVS Health Q2 FY25: where the revenue came from and where it went

CVS Health Q2 FY25: revenue $98.9B (+8% year over year). Net profit $1B. Largest cohort Health Services $40.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jun 30, 2025
Reported
Jul 31, 2025 10-Q
Sankey diagram of CVS Health's income statement for Q2 FY25: revenue of $98.9 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$98.9B +8% year over year
Gross profit$44.9B 45% margin
Operating profit$2.4B 2% margin
Net profit$1B 1% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 98.9 100% +8%
Health Services 40.1 41% +4%
Health Care Benefits 35.8 36% +11%
Premiums 34.2 35%
Front Store 5.4 5% +2%
Other 0.9 1% −78%
Cost of revenue−5455%
Gross profit44.945% margin+0pp
Operating expenses−42.543%+0pp
Operating profit2.42% margin−1pp
Tax−0.6
Interest & other costs−0.8
Net profit11%−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