CVS · 8-K · 20260805PR000097
Segment Profitability
CVS HEALTH Corp · 2026-08-05 · Importance 57 · Surprise 64 · From source text
Consolidated second-quarter operating income increased 97.5% to $4.703 billion from $2.381 billion, including the absence of $833 million in prior-year legacy litigation charges. Adjusted operating income increased 35.4% to $5.157 billion, with Health Care Benefits contributing $2.426 billion, Health Services $1.733 billion, and Pharmacy & Consumer Wellness $1.475 billion. Health Care Benefits adjusted operating income rose 85.5% to $2.426 billion because of improved Government performance and the absence of a $471 million prior-year premium deficiency reserve. Health Services adjusted operating income increased 10.0% to $1.733 billion, while Pharmacy & Consumer Wellness adjusted operating income increased 10.2% to $1.475 billion.
Key facts
- Consolidated operating income for Q2 2026: $4,703 million versus $2,381 million in 2025, change $2,322 million source
- Adjusted operating income for Health Care Benefits increased 85.5% for Q2 2026 due primarily to improved Government business performance and absence of a $471 million premium deficiency reserve recorded in prior year source
- Six months adjusted income attributable to CVS Health for 2026: $6,616 million or $5.16 per diluted share versus $5,148 million or $4.06 per diluted share in 2025 source
- Consolidated adjusted operating income for Q2 2026: $5,157 million versus $3,808 million in 2025, change $1,349 million source
- Health Care Benefits adjusted operating income for Q2 2026: $2,426 million versus $1,308 million in Q2 2025, change $1,118 million source
- Adjusted income attributable to CVS Health for Q2 2026: $3,324 million or $2.58 per diluted share versus $2,304 million or $1.81 per diluted share in Q2 2025 source
- Adjusted operating income for Pharmacy & Consumer Wellness increased 10.2% for Q2 2026 primarily driven by core pharmacy strength and Rite Aid asset acquisition contributions, partially offset by business investments and consumer dynamics source
- Health Services adjusted operating income for Q2 2026: $1,733 million versus $1,575 million in Q2 2025, change $158 million (10.0%) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +2.2% | Consolidated operating income for Q2 2026: $4,703 million versus $2,381 million in 2025, change $2,322 million |
| net_income | positive | realized | +1.4% | Six months adjusted income attributable to CVS Health for 2026: $6,616 million or $5.16 per diluted share versus $5,148 million or $4.06… |
| operating_income | positive | realized | +1.3% | Consolidated adjusted operating income for Q2 2026: $5,157 million versus $3,808 million in 2025, change $1,349 million |
| operating_income | positive | realized | +1.1% | Health Care Benefits adjusted operating income for Q2 2026: $2,426 million versus $1,308 million in Q2 2025, change $1,118 million |
| net_income | positive | realized | +1.0% | Adjusted income attributable to CVS Health for Q2 2026: $3,324 million or $2.58 per diluted share versus $2,304 million or $1.81 per… |
| operating_income | positive | realized | +0.4% | Adjusted operating income for Health Care Benefits increased 85.5% for Q2 2026 due primarily to improved Government business performance… |