CVS Health Corporation · NYSE:CVS
CVS Health — Q3 2026 Earnings Presentation
12 slides from CVS Health's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter 2026 Earnings Conference Call
Third quarter 2026 November 4, 2026 Earnings Conference Call J. David Joyner Brian O. Newman Chairman and Executive Vice President and Chief Executive Officer Chief Financial Officer
Slide 2: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements This presentation includes forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of CVS Health Corporation (“CVS Health”). By their nature,
Slide 3: Enterprise highlights
Enterprise highlights Delivered consolidated revenue growth of 5.4% and adjusted EPS of $2.09 in the third quarter of 2026. Raising 2026 adjusted EPS guidance to at least $8.20, highlighting our continued momentum. Third Quarter 2026 Financial Results Delivering better experiences 5.4% $15.3B that b
Slide 4: To be America's most trusted health care company
OUR AMBITION To be America’s most trusted health care company 4 ©2026 CVS Health and/or one of its affiliates. Confidential and proprietary.
Slide 5: Consolidated results
Consolidated results Key highlights Reported strong third QUARTER RESULTS quarter results driven by 3Q 2026 3Q 2025 intentional execution and In billions, except per share amounts deliberate actions across CVS Health. We are continuing to Total revenues $108.4 $102.9 build positive momentum as we wo
Slide 6: Consolidated guidance
Consolidated guidance Key highlights Raising 2026 adjusted EPS 2026 GUIDANCE 3Q 2026 CALL 2Q 2026 CALL guidance to at least $8.20, In billions, except per share amounts November 4, 2026 August 5, 2026 highlighting our continued momentum. Total revenues At least $420.0 At least $414.0 Our updated ear
Slide 7: Our strategic imperatives
Our strategic imperatives Become best-in-class across the enterprise Transform the consumer experience Be the partner of choice Be the employer of choice Create distinct and durable enterprise value 7 ©2026 CVS Health and/or one of its affiliates. Confidential and proprietary.
Slide 8: Health Care Benefits
Health Care Benefits QUARTER RESULTS 2026 GUIDANCE 3Q 2026 CALL 2Q 2026 CALL 3Q 2026 3Q 2025 In billions, except MBR and membership November 4, 2026 August 5, 2026 Total revenues $36.9 $36.0 At least $146.0 At least $144.0 Adjusted operating income $0.91 $0.31 At least $5.40 $5.03 to $5.37 Medical m
Slide 9: Health Services
Health Services QUARTER RESULTS 2026 GUIDANCE 3Q 2026 CALL 2Q 2026 CALL 3Q 2026 3Q 2025 In billions, except quarterly pharmacy claims November 4, 2026 August 5, 2026 Total revenues $54.0 $49.3 At least $206.6 At least $203.6 Adjusted operating income $2.11 $2.05 At least $7.25 At least $7.25 Pharmac
Slide 10: Pharmacy & Consumer Wellness
Pharmacy & Consumer Wellness QUARTER RESULTS 2026 GUIDANCE 3Q 2026 CALL 2Q 2026 CALL 3Q 2026 3Q 2025 In billions, except quarterly prescriptions filled November 4, 2026 August 5, 2026 Total revenues $35.5 $36.2 At least $138.0 At least $137.5 Adjusted operating income $1.64 $1.48 At least $6.50 At l
Slide 11: Our purpose
Our purpose To simplify health care one person, one family and one community at a time. 11 ©2025 CVS Health and/or one of its affiliates. Confidential and proprietary. 11 ©2026 CVS Health and/or one of its affiliates. Confidential and proprietary.
Slide 12: Endnotes
Endnotes 1. Includes an adjustment to convert 90-day prescriptions to the equivalent of three 30-day prescriptions. 12 ©2026 CVS Health and/or one of its affiliates. Confidential and proprietary.