CVS HEALTH Corp
CVSNYSERetail-Drug Stores and Proprietary StoresFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 12/3014% above fair value
$88.51−1.74 (-1.93%)
Close on Nov 2, 2026Market cap $113.20BP/E 23.5Yield 3.01%
Cvs Health Health Care Benefits by Year
Health Care Benefits — Operating Expense Ratio (% of Revenues) (%)
Cvs Health Health Care Benefits: 13.0% in FY2025, down 0.8 pts from a year earlier.
Latest, FY2025
13.0%
Period ended Dec 31, 2025
Change on a year earlier
-0.8 pts
13.8% in FY2024
History
9 years
Since FY2017
Sources
7
Documents cited below
Where the FY2025 figure comes from
“|| Operating expenses as a % of total revenues | 13.0 | % | 13.8 | % | 15.3 | %”
Source: CVS Health 10-K (2026-02-10) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Health Care Benefits — Operating Expense Ratio (% of Revenues) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 13.0% | -0.8 pts | CVS Health 10-K (2026-02-10) ↗ |
| FY2024 | Dec 31, 2024 | 13.8% | -1.5 pts | CVS Health 10-K (2026-02-10) ↗ |
| FY2023 | Dec 31, 2023 | 15.3% | -0.6 pts | CVS Health 10-K (2026-02-10) ↗ |
| FY2022 | Dec 31, 2022 | 15.9% | -1.1 pts | CVS Health 10-K (2025-02-12) ↗ |
| FY2021 | Dec 31, 2021 | 17.0% | -1.8 pts | CVS Health 10-K (2024-02-07) ↗ |
| FY2020 | Dec 31, 2020 | 18.8% | +0.3 pts | CVS Health 10-K (2023-02-08) ↗ |
| FY2019 | Dec 31, 2019 | 18.5% | -1.2 pts | CVS Health 10-K (2022-02-09) ↗ |
| FY2018 | Dec 31, 2018 | 19.7% | +8.0 pts | CVS Health 10-K (2021-02-16) ↗ |
| FY2017 | Dec 31, 2017 | 11.7% | – | CVS Health 10-K (2020-02-18) ↗ |
Cite this data
StockData. (2026). Cvs Health Health Care Benefits (%), annual FY2017–FY2025 [Data set]. Compiled from Cvs Health SEC filings and investor materials. https://stockdatahq.com/stocks/cvs/kpis/hcb-opex-pct
See every metric in the Cvs Health KPI table. Data updated Oct 28, 2026.