CVS Health reported more than $2.9 billion in net income for the three months ended March 31, according to a May 6 earnings release. Profit was up nearly 66% year over year.
The company’s total revenue was $100.4 billion for the quarter, a 6% increase from the same period last year. The company also raised its adjusted earnings-per-share guidance range from between $7 and $7.20 to between $7.30 and $7.50.
Aetna (benefits segment)
Revenue grew about 3% year over year, reaching nearly $36 billion. Adjusted operating income soared 52.6% year over year, reaching $3 billion.
Healthcare costs decreased slightly year over year, down to just under $28.6 billion. The medical loss ratio was 84.6% this past quarter versus 87.3% in the first quarter of 2025.
Across insurance and ASC medical products, enrollment included about 18.3 million commercial, 4.2 million Medicare Advantage and 2.3 million Medicaid members. Total medical membership was 26 million for the quarter. Membership dipped amid commercial and MA pullbacks.
Health services segment
In the health services segment, revenue increased 11% year over year to $48.2 billion. Gross profit dipped 3.7%, down to $2.2 billion, and adjusted operating income decreased 7.1% to $1.5 billion. Healthcare costs increased 24.4% for this segment, reaching $1.3 billion that quarter.
CVS Health processed just under 465 million pharmacy claims.
Pharmacy and consumer wellness segment
Revenue for this segment neared $32 billion. Gross profit increased 1.5% year over year to $6.2 billion, while adjusted operating income dropped 8.8% to $1.2 billion.
CVS Health’s number of prescriptions filled increased 3.6% year over year to 451.2 million.
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