CVS · 10-Q · 2026Q3 · Full report

Health Services Pharmacy Demand

CVS HEALTH Corp · 2026-11-04 · Importance 42 · Surprise 40

Health Services revenue grew 9.5% in the third quarter and 10.6% in the first nine months of 2026, primarily from pharmacy drug mix and brand inflation, partly offset by continued pharmacy client price improvements. Mail and specialty revenue increased 13.5% in the quarter and 14.1% year to date, while pharmacy network revenue increased 7.0% and 7.9%, respectively. Pharmacy claims processed rose 1.3% in the quarter and 0.8% year to date on a 30-day equivalent basis. CVS attributed improved segment results in part to purchasing economics and pharmacy drug mix, with client pricing improvements remaining an offset.

Key facts

• Health Services pharmacy claims processed increased 1.3% on a 30-day equivalent basis in third-quarter 2026 versus the prior year. source
• Health Services pharmacy claims processed increased 0.8% on a 30-day equivalent basis in the first nine months of 2026 versus the prior year. source