Cvs Health Corporation · NYSE:CVS
Cvs Health — Q1 2026 Earnings Presentation
12 slides from Cvs Health's earnings presentation, May 6, 2026
Slide 1: First quarter 2026 Earnings Conference Call
First quarter 2026 May 6, 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 6.2% and adjusted EPS of $2.57 in the first quarter of 2026. Raising 2026 adjusted EPS guidance to a range of $7.30 to $7.50, highlighting strong execution across CVS Health. First Quarter 2026 Financial Results Delivering better experie
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 excellent first QUARTER RESULTS quarter results driven by 1Q 2026 1Q 2025 In billions, except per share amounts intentional execution and deliberate actions across the Total revenues $100.4 $94.6 Enterprise. We are continuing to build positive momentum ac
Slide 6: Consolidated guidance
Consolidated guidance Key highlights Raising 2026 adjusted EPS 2026 GUIDANCE 1Q 2026 CALL 4Q 2025 CALL guidance to a range of $7.30 In billions, except per share amounts May 6, 2026 February 10, 2026 to $7.50, highlighting strong execution across CVS Health. Total revenues At least $405.0 At least $
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 1Q 2026 CALL 4Q 2025 CALL 1Q 2026 1Q 2025 In billions, except MBR and membership May 6, 2026 February 10, 2026 Total revenues $36.0 $34.8 At least $142.0 At least $137.0 Adjusted operating income $3.04 $1.99 $4.00 to $4.34 $3.58 to $3.92 Medical mem
Slide 9: Health Services
Health Services QUARTER RESULTS 2026 GUIDANCE 1Q 2026 CALL 4Q 2025 CALL 1Q 2026 1Q 2025 In billions, except quarterly pharmacy claims May 6, 2026 February 10, 2026 Total revenues $48.2 $43.5 At least $196.6 At least $196.6 Adjusted operating income $1.49 $1.60 At least $7.25 At least $7.25 Pharmacy
Slide 10: Pharmacy & Consumer Wellness
Pharmacy & Consumer Wellness QUARTER RESULTS 2026 GUIDANCE 1Q 2026 CALL 4Q 2025 CALL 1Q 2026 1Q 2025 In billions, except quarterly prescriptions filled May 6, 2026 February 10, 2026 Total revenues $32.0 $31.9 At least $136.5 At least $136.5 Adjusted operating income $1.20 $1.31 At least $6.18 At lea
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.