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87.60 USD
P/E
24.92
EPS
3.68
Yield
2.99%
Safety Score
75
P/B
1.47
ROE
6.21
Beta
0.58
Target Price
116.28 USD
CVS Health Corporation logo

CVS Health Corporation

🧾 Earnings Recap – Q2 2026

CVS Health's stock fell 7.9% following the earnings release as investors were disappointed by signs of deceleration in key segments and cautious outlook indicators, despite management’s emphasis on growth initiatives and raised full-year guidance.

  • Adjusted operating income was $5.2 billion and adjusted EPS of $2.58 for the quarter.
  • Management raised full year adjusted EPS guidance to a range of $7.90 to $8.10 and increased expected cash flow from operations by $2 billion to at least $11.5 billion.
  • GLP-1 therapies continue to drive business focus, with pricing initiatives and direct-to-consumer channels aiming to address affordability and access challenges.
  • Continued investment in digital platforms like the Health100 and AI assistant Haio targets improved consumer engagement but early impact remains uncertain.
  • Operational improvements include AI-enabled claims processing and expanded clinical collaboration, but incremental near-term benefits may be limited amid slower growth dynamics.
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Key Metrics
Earnings dateNov. 4, 2026
P/E24.92
EPS3.68
Book Value62.37
Price to Book1.47
Debt/Equity95.50
% Insiders0.063%
Growth
Revenue Growth0.07%
Earnings Growth1.89%
Estimates
Forward P/E10.75
Forward EPS8.53
Target Mean Price116.28
Dividend
Dividend Yield2.99%
Annual dividends2.66 USD
Ex-Div. DateJuly 23, 2026
Payout69.63%
5y avg Yield3.10%

DCF Valuation

Tweak assumptions to recompute fair value for CVS Health Corporation (CVS)
Currency: USD
DCF Assumptions
Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
Decimal (e.g., 0.30 = 30%).
Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
Percent number (e.g., 3 = 3%).
Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

CVS Health Corporation Logo CVS Health Corporation Analysis (CVS)

United States Health Care Official Website Stock

Is CVS Health Corporation a good investment? CVS Health Corporation (CVS) is currently trading at 87.60 USD. Market analysts have a consensus price target of 116.28 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 24.92. This valuation is generally in line with the broader market.

Earnings Schedule: CVS Health Corporation is expected to release its next earnings report on Nov. 4, 2026. The market consensus estimate for Forward EPS is 8.53.

For income investors, CVS Health Corporation pays a dividend yield of 2.99%. With a payout ratio of 70%, the dividend appears sustainable.

Investor FAQ

Does CVS Health Corporation pay a dividend?

Yes, it pays an annual dividend of 2.66 USD (2.99% yield).

What asset class is CVS Health Corporation?

CVS Health Corporation is classified as a Stock. You can compare it against 7 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Nov. 4, 2026. The company currently has a trailing EPS of 3.68.

Company Profile

CVS Health Corporation provides health solutions in the United States. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental, and behavioral health plans; medical management capabilities; Medicare Advantage and Medicare Supplement plans; prescription drug plans (PDPs); and Medicaid health care management services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. The Health Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, specialty and mail-order pharmacy, clinical services, disease management, medical spend management services, and pharmacy and other administrative services. It serves employers, insurance companies, unions, government employee groups, health plans, PDPs, Medicaid managed care plans, CMS, plans offered on public health insurance exchanges, and other sponsors of health benefit plans. The Pharmacy & Consumer Wellness segment sells prescription and over-the-counter drugs, consumer health and beauty products, personal care products, and other general merchandise products. This segment also distributes prescription drugs; and provides related pharmacy consulting and other ancillary services to care facilities and other care settings. It operates online retail pharmacy websites, retail specialty pharmacy stores, and compounding pharmacies, as well as branches for infusion and enteral nutrition services. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island.

Exchange Ticker
FRA (Germany) CVS.F
SGO (Chile) CVS.SN
VIE (Austria) CVS.VI
SAO (Brazil) CVSH34.SA
NYQ (United States) CVS
GER (Germany) CVS.DE
MEX (Mexico) CVS.MX
Trades
Dividend Yield
2.99%
5y avg 3.10%
Annual Dividends
2.66USD
Next Ex. Div Date
July 23, 2026
Payout Ratio
69.63%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
2.14 USD
Aug. 2, 2027 (estimated) 0.7147
May 3, 2027 (estimated) 0.7147
Feb. 1, 2027 (estimated) 0.7147
2026
2.71 USD
Nov. 2, 2026 (estimated) 0.7147
Aug. 3, 2026 0.6650
May 4, 2026 0.6650
Feb. 2, 2026 0.6650
2025
2.66 USD
Nov. 3, 2025 0.6650
Aug. 1, 2025 0.6650
May 1, 2025 0.6650
Feb. 3, 2025 0.6650
2024
2.66 USD
Nov. 1, 2024 0.6650
Aug. 1, 2024 0.6650
May 1, 2024 0.6650
Feb. 1, 2024 0.6650
2023
2.42 USD
Nov. 1, 2023 0.6050
Aug. 1, 2023 0.6050
May 1, 2023 0.6050
Feb. 1, 2023 0.6050
2022
2.20 USD
Nov. 1, 2022 0.5500
Aug. 1, 2022 0.5500
May 2, 2022 0.5500
Feb. 1, 2022 0.5500
2021
2.00 USD
Nov. 1, 2021 0.5000
Aug. 2, 2021 0.5000
May 3, 2021 0.5000
Feb. 1, 2021 0.5000
2020
2.00 USD
Nov. 2, 2020 0.5000
Aug. 3, 2020 0.5000
May 4, 2020 0.5000
Feb. 3, 2020 0.5000
2019
2.00 USD
Nov. 4, 2019 0.5000
Aug. 2, 2019 0.5000
May 3, 2019 0.5000
Feb. 4, 2019 0.5000
2018
2.00 USD
Nov. 1, 2018 0.5000
Aug. 1, 2018 0.5000
May 3, 2018 0.5000
Feb. 2, 2018 0.5000
2017
2.00 USD
Nov. 3, 2017 0.5000
Aug. 3, 2017 0.5000
May 1, 2017 0.5000
Feb. 2, 2017 0.5000
2016
1.70 USD
Nov. 3, 2016 0.4250
Aug. 1, 2016 0.4250
May 2, 2016 0.4250
Feb. 2, 2016 0.4250
2015
1.40 USD
Nov. 2, 2015 0.3500
Aug. 3, 2015 0.3500
May 4, 2015 0.3500
Feb. 2, 2015 0.3500
2014
1.10 USD
Nov. 3, 2014 0.2750
Aug. 1, 2014 0.2750
May 2, 2014 0.2750
Feb. 3, 2014 0.2750
2013
0.90 USD
Nov. 1, 2013 0.2250
Aug. 2, 2013 0.2250
May 3, 2013 0.2250
Feb. 4, 2013 0.2250
2012
0.65 USD
Nov. 2, 2012 0.1630
Aug. 3, 2012 0.1630
May 3, 2012 0.1630
Feb. 2, 2012 0.1630
2011
0.50 USD
Nov. 1, 2011 0.1250
Aug. 2, 2011 0.1250
May 3, 2011 0.1250
Feb. 2, 2011 0.1250
2010
0.35 USD
Nov. 2, 2010 0.0880
Aug. 2, 2010 0.0880
May 4, 2010 0.0880
Feb. 2, 2010 0.0880
2009
0.30 USD
Nov. 3, 2009 0.0760
Aug. 3, 2009 0.0760
May 4, 2009 0.0760
Feb. 3, 2009 0.0760
2008
0.26 USD
Nov. 3, 2008 0.0690
Aug. 1, 2008 0.0690
May 2, 2008 0.0600
Feb. 1, 2008 0.0600
2007
0.23 USD
Nov. 2, 2007 0.0600
Aug. 3, 2007 0.0600
May 4, 2007 0.0600
Feb. 2, 2007 0.0490
2006
0.16 USD
Nov. 1, 2006 0.0390
Aug. 1, 2006 0.0390
May 3, 2006 0.0390
Feb. 3, 2006 0.0390
2005
0.22 USD
Nov. 1, 2005 0.0360
Aug. 1, 2005 0.0360
May 2, 2005 0.0725
Feb. 4, 2005 0.0725
2004
0.33 USD
Nov. 1, 2004 0.0663
Aug. 2, 2004 0.0330
Aug. 2, 2004 0.0663
May 3, 2004 0.0663
May 3, 2004 0.0330
Feb. 3, 2004 0.0663
2003
0.23 USD
Oct. 31, 2003 0.0575
Aug. 1, 2003 0.0575
May 2, 2003 0.0575
Feb. 4, 2003 0.0575
2002
0.23 USD
Nov. 1, 2002 0.0575
Aug. 2, 2002 0.0575
May 3, 2002 0.0575
Feb. 5, 2002 0.0575
2001
0.23 USD
Nov. 2, 2001 0.0575
Aug. 3, 2001 0.0575
May 4, 2001 0.0575
Feb. 5, 2001 0.0575
2000
0.23 USD
Nov. 3, 2000 0.0575
Aug. 4, 2000 0.0575
May 4, 2000 0.0575
Feb. 4, 2000 0.0575
1999
0.23 USD
Nov. 3, 1999 0.0575
Aug. 3, 1999 0.0575
May 4, 1999 0.0575
Feb. 3, 1999 0.0575
1998
0.39 USD
Nov. 2, 1998 0.0575
Aug. 1, 1998 0.0572
May 1, 1998 0.0275
May 1, 1998 0.1100
Feb. 2, 1998 0.1100
Feb. 2, 1998 0.0275
1997
0.24 USD
Nov. 1, 1997 0.0275
Nov. 1, 1997 0.1100
Aug. 1, 1997 0.0280
Aug. 1, 1997 0.0070
May 1, 1997 0.0070
May 1, 1997 0.0280
Feb. 1, 1997 0.0280
Feb. 1, 1997 0.0070
1996
7.79 USD
Nov. 1, 1996 1.4750
Nov. 1, 1996 5.9000
Oct. 21, 1996 0.0070
Aug. 1, 1996 0.1100
Aug. 1, 1996 0.0275
May 1, 1996 0.1100
May 1, 1996 0.0275
Feb. 1, 1996 0.0275
Feb. 1, 1996 0.1100
1995
1.90 USD
Nov. 1, 1995 0.0950
Nov. 1, 1995 0.3800
Aug. 1, 1995 0.0950
Aug. 1, 1995 0.3800
May 1, 1995 0.0950
May 1, 1995 0.3800
Feb. 1, 1995 0.3800
Feb. 1, 1995 0.0950
1994
1.90 USD
Nov. 1, 1994 0.3800
Nov. 1, 1994 0.0950
Aug. 1, 1994 0.0950
Aug. 1, 1994 0.3800
May 1, 1994 0.3800
May 1, 1994 0.0950
Feb. 1, 1994 0.0950
Feb. 1, 1994 0.3800
1993
1.90 USD
Nov. 1, 1993 0.3800
Nov. 1, 1993 0.0950
Aug. 1, 1993 0.3800
Aug. 1, 1993 0.0950
May 1, 1993 0.0950
May 1, 1993 0.3800
Feb. 1, 1993 0.0950
Feb. 1, 1993 0.3800
1992
1.85 USD
Nov. 1, 1992 0.3700
Nov. 1, 1992 0.0925
Aug. 1, 1992 0.3700
Aug. 1, 1992 0.0925
May 1, 1992 0.0925
May 1, 1992 0.3700
Feb. 1, 1992 0.0925
Feb. 1, 1992 0.3700
1991
1.80 USD
Nov. 1, 1991 0.3600
Nov. 1, 1991 0.0900
Aug. 1, 1991 0.3600
Aug. 1, 1991 0.0900
May 1, 1991 0.0900
May 1, 1991 0.3600
Feb. 1, 1991 0.3600
Feb. 1, 1991 0.0900
1990
1.78 USD
Nov. 1, 1990 0.3550
Nov. 1, 1990 0.0888
Aug. 1, 1990 0.3550
Aug. 1, 1990 0.0888
May 1, 1990 0.0888
May 1, 1990 0.3550
Feb. 1, 1990 0.0888
Feb. 1, 1990 0.3550
1989
1.95 USD
Nov. 1, 1989 0.0813
Nov. 1, 1989 0.3250
Aug. 1, 1989 0.0813
Aug. 1, 1989 0.3250
May 1, 1989 0.0813
May 1, 1989 0.3250
Feb. 1, 1989 0.0813
Feb. 1, 1989 0.6500
1988
2.36 USD
Nov. 1, 1988 0.5250
Nov. 1, 1988 0.0656
Aug. 1, 1988 0.5250
Aug. 1, 1988 0.0656
May 1, 1988 0.0656
May 1, 1988 0.5250
Feb. 1, 1988 0.0656
Feb. 1, 1988 0.5250
1987
1.98 USD
Nov. 1, 1987 0.0550
Nov. 1, 1987 0.4400
Aug. 1, 1987 0.0550
Aug. 1, 1987 0.4400
May 1, 1987 0.0550
May 1, 1987 0.4400
Feb. 1, 1987 0.0550
Feb. 1, 1987 0.4400
1986
1.76 USD
Oct. 15, 1986 0.3900
Oct. 15, 1986 0.0488
July 17, 1986 0.0488
July 17, 1986 0.3900
April 15, 1986 0.3900
April 15, 1986 0.0488
Jan. 17, 1986 0.0488
Jan. 17, 1986 0.3900
1985
1.62 USD
Oct. 21, 1985 0.3600
Oct. 21, 1985 0.0450
July 17, 1985 0.0450
July 17, 1985 0.3600
April 16, 1985 0.0450
April 16, 1985 0.3600
Jan. 16, 1985 0.3600
Jan. 16, 1985 0.0450
Upcoming Dividends
Name Payment Date Status Amount
CVS Health Corporation Aug 03, 2026 0.665 USD
CVS Health Corporation May 04, 2026 0.665 USD
CVS Health Corporation Feb 02, 2026 0.665 USD
CVS Health Corporation Nov 03, 2025 0.665 USD
Stock Splits
Split Date Split Ratio to 1
May 3, 1983 2:1
March 15, 1989 2:1
June 16, 1998 2:1
June 7, 2005 2:1
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