CVS · 10-Q · 2026Q3 · Full report

State Non-Income Tax Change

CVS HEALTH Corp · 2026-11-04 · Importance 48 · Surprise 74

A retroactive change in a state law related to non-income taxes contributed to CVS Health’s increased adjusted operating loss for the nine months ended September 30, 2026. The filing does not identify the state, the law, or the amount of the impact attributable to the change. Adjusted operating loss increased by $387 million, or 34.4%, year over year, with increased business investments also cited as a driver.

Key facts

• Corporate/Other adjusted operating loss increased $387 million, or 34.4%, in the nine months ended September 30, 2026 compared to the prior year, primarily driven by the retroactive effect of a state law change related to non-income taxes and increased business investments. source