CVS · 10-Q · 2026Q2 · Full report

Tariff and Inflation Exposure

CVS HEALTH Corp · 2026-08-05 · Importance 23 · Surprise 24

CVS Health identified inflation, new or changed tariffs, and U.S. trade relations with foreign countries as factors that could increase costs and disrupt supply chains. These effects could adversely affect consumer demand, CVS Health’s ability to deliver client savings and its financial results. The filing does not specify tariff rates, affected countries beyond the United States’ foreign trading partners, or a quantified exposure.

Key facts

• Changes in the economic environment, including inflation, the implementation of new tariffs or changes in tariffs, could create exposure for increased costs and supply chain disruptions that can adversely impact consumer demand, client savings or the Company’s financial results. source
• The Company warns that heightened geopolitical tensions could contribute to increased likelihood of factors that may negatively impact financial results, including an economic slowdown, recession, market volatility, increased supply chain costs or disruptions, fluctuations in interest rates, and cyberattacks. source