CVS · 8-K · 20260805PR000097

Income Tax Rate Changes

CVS HEALTH Corp · 2026-08-05 · Importance 45 · Surprise 64 · In source text

The second-quarter income tax provision increased to $982 million from $634 million, while pretax income increased to $3.977 billion from $1.647 billion. The implied quarterly effective tax rate declined to approximately 24.7% from approximately 38.5%. For the first six months, the tax provision increased to $1.963 billion from $1.469 billion, while the implied effective rate declined to approximately 24.8% from approximately 34.4%. The lower effective rate contributed to net income growth to $2.995 billion in the quarter from $1.013 billion.

Key facts

• Projected tax impact of non-GAAP adjustments for full-year 2026 guidance: $(463) million (impact of $(0.36) per share) source
• Consolidated income tax provision for Q2 2026: $982 million versus $634 million in Q2 2025 source

Impact estimates