CVS Health
Health care services and pharmacy retail · United States
CVS Health insures people through Aetna, manages their drug benefits through Caremark and fills prescriptions in about 9,000 locations, so it earns from the same patient at several points.
What makes it different
The drugstore also runs a major health insurer.
26.6MAetna medical membersDec 31, 2025
Aetna insures people while Caremark manages their drug benefits, so employers and governments pay CVS as well as shoppers.
How big it is
How big is CVS Health?
$402.1BRevenueFY2025
9,000Retail locations2025
300,000Colleagues2025
How it makes money FY2025
Drug benefits are the biggest line.
- Health Services41%$164.6B
- Health Care Benefits35%$141.5B
- Pharmacy & Consumer Wellness23%$93.7B
How the business works
Insure people. Manage drugs. Fill them.
- 1Aetna health plans
- 2Caremark drug benefits
- 3CVS pharmacies and clinics
The three businesses sell to each other, so one patient can pay CVS at several points.
Who owns it
- The Vanguard Group, Inc.9.14%
- BlackRock, Inc.8.3%
- Capital World Investors5.5%
CEO: David Joyner
Who it competes with
AmazonKey moments
- 1963The first Consumer Value Store opens
- 1967Pharmacies move into CVS stores
- 1988CVS reaches 750 stores
- 2007Caremark makes CVS a pharmacy benefit manager
- 2016CVS removes tobacco from its shelves
Sources
Every number on this page comes from CVS Health's own reports.
Full profile
The rest of the story is in the app.
What CVS Health tracks23 metrics
CVS retail stores
Pharmacy benefit plan members
Prescriptions filled
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
The full timeline19 moments
2021
2023
2025
CVS Health vs Walmartside by side
Revenue
Profit
People
Point your phone at a logo.
See the company behind it.
The full story in 12 chapters · compare any two companies · 335 companies, and any other on request.
Download on the App Store
