CVS Health Corporation: Beat — EPS $2.09, Revenue $108.4B
Earnings BeatQ3 2026 · Pre-market
Did CVS Health Corporation (CVS) beat earnings today?
Yes, CVS Health Corporation (CVS) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+26.67% surprise
$2.09Actual
Expected: $1.65
vs. year ago +30.6%
Total Revenue+3.54% surprise
$108.4BActual
Expected: $104.69B
vs. year ago +5.4%
Released Nov 04 · 6:30 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $108.40B | $102.87B | +5.4 |
| Consolidated revenue by source | |||
| └─Products | $69.22B | $64.59B | +7.2 |
| └─Premiums | $34.57B | $33.72B | +2.5 |
| └─Services | $3.96B | $3.93B | +0.8 |
| Revenue by business — separate view | |||
| └─Net investment income | $647.00M | $632.00M | +2.4 |
| └─Health Care Benefits | $36.85B | $35.99B | +2.4 |
| └─Health Services | $53.96B | $49.27B | +9.5 |
| └─Pharmacy & Consumer Wellness | $35.50B | $36.21B | -2.0 |
| Net Income | $2.17B | ($3.99B) | - |
| GAAP Basic EPS | $1.70 | -$3.13 | - |
| GAAP Diluted EPS | $1.68 | -$3.13 | - |
| Adjusted EPS | $2.09 | $1.60 | +30.6 |
Financial Outlook / Guidance
| Metric | FY26 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Total revenues | At least $420.0B | $417.87BBeat +0.51% |
| GAAP Diluted EPS | At least $6.98 (prev. $6.84-$7.04 | — |
| Adjusted EPS | At least $8.20 (prev. $7.90-$8.10 | $8.04Beat +1.99% |
| Cash flow from operations | At least $15.5B (prev. at least $11.5B | — |
FY26 Outlook
- Total revenues
- GuidanceAt least $420.0BExpected$417.87BBeat +0.51%
- GAAP Diluted EPS
- GuidanceAt least $6.98(prev. $6.84-$7.04Expected—
- Adjusted EPS
- GuidanceAt least $8.20(prev. $7.90-$8.10Expected$8.04Beat +1.99%
- Cash flow from operations
- GuidanceAt least $15.5B(prev. at least $11.5BExpected—
Business Highlights
- ➤More than 69% of Aetna Medicare Advantage members are in 2027 plans rated 4 stars or higher.
- ➤Aetna ranked second among large publicly traded Medicare Advantage organizations in the Star Ratings program.
- ➤CVS Pharmacy offers all FDA-approved GLP-1s through its weight-management offerings.
- ➤Integrated weight-management services combine MinuteClinic digital visits, same-day pickup and pharmacist support.
- ➤Weight-management medications are available through 9,000 local CVS Pharmacy locations.
- ➤Health100 earned DirectTrust’s CARIN Code of Conduct accreditation for its mobile app.
- ➤Health100 provides cost transparency, care navigation and chronic-condition management with proactive real-time support.
- ➤CVS Health had approximately 9,000 retail pharmacies and more than 1,000 walk-in and primary-care clinics.
Management Commentary
David Joyner, CVS Health Chairman and CEO
“Our colleagues build trust every day through delivering quality health care rooted in our purpose - to simplify health care one person, one family and one community at a time. Through their continued dedication, each of our businesses delivered another quarter of strong results. We continue to advance our strategy by improving the consumer experience, lowering health care costs, and connecting care for the people we serve.”