CVS Health net income for the quarter ending June 30, 2023 was $1.901B, a 37.24% decline year-over-year. CVS Health net income for the twelve months ending June 30, 2023 was $2.803B, a 66.18% decline year-over-year. CVS Health annual net income for 2022 was $4.149B, a 47.55% decline from 2021.

Benefits Management Pharmacy benefit management is the part of CVS's business that processes prescription claims. Known by the name Caremark, it is distinct from CVS's pharmacy operations in that the former is a high-volume operator that deals directly with drug manufacturers, setting prices, handling mail orders, etc.

How much does CVS Health make a day? CVS Health makes $800.3M in a day.

CVS beat Wall Street expectations on earnings and revenue with a topline of $88.9 billion, up more than 10% year over year, in second-quarter earnings posted Wednesday. However, higher medical and business integration costs could hamper the company's earnings in 2024 and 2025, management warned.

CVS Health Stock Price Forecast 2023-2024 The forecasted CVS Health price at the end of 2023 is $71.77 - and the year to year change +21%. The rise from today to year-end: +3%.

CVS 's annual dividend is $2.42 per share. This is the total amount of dividends paid out to shareholders in a year. CVS Health Corporation's ( CVS ) ex-dividend date is October 19, 2023 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment.

In 2020, the average per-prescription revenue in the NCPA sample was $55.96, roughly comparable to the $55.86 per prescription figure for 2019. For 2016 to 2020, gross profit per prescription has ranged from $11.50 to $12.00. 3) Independent pharmacies' generic dispensing rates lagged those of the overall market.

Pharmaceutical companies often give doctors incentives such as free trips, meals, gifts, and other incentives to promote their products. In light of this, doctors don't earn a commission but are compensated nicely for prescribing specific brand medications.

CVS reported $322.5 billion in revenue for the full year, up 10.4% from $292.1 billion in 2021. Profit declined from $7.9 billion in 2021 to $4.1 billion last year, according to the report.

Average CVS Health Owner yearly pay in the United States is approximately $65,606, which is 7% below the national average.

Shares of CVS Health plunged after Blue Shield of California said it will drop the company's pharmacy benefit management services. Blue Shield will instead partner with Mark Cuban's Cost Plus Drug Company and Amazon Pharmacy to save on drug costs for its nearly 5 million members.

CVS Health has the Financial Strength Rank of 6. GuruFocus Financial Strength Rank measures how strong a company's financial situation is.