cvs-financials

CVS Financials

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CVS generated $357.77 billion in revenue in 2023 and $8.34 billion in profits. Compared to over $322 billion in revenue and $4.15 billion in profits in 2022, compared to over $292 billion in revenue and $7.91 billion in profits in 2021.

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Who Owns CVS

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CVS is primarily owned by institutional investors like The Vanguard Group (8.94%) and BlackRock (7.4%). Followed by individual investors like Larry Merlo (former president and CEO), Jonathan Roberts (former chief operating officer), Karen Lynch (Chief Executive Officer), Eva Boratto (Chief Financial Officer), and Troyen Brennan (former Executive Vice President and Chief Medical Officer).

CVS Revenue

cvs-revenue
CVS generated $357.77 billion in revenue in 2023, compared to over $322 billion in revenue in 2022, over $292 billion in 2021, and over $268 billion in 2020. In 2022, most of CVS’s revenue came from products, followed by premiums and services.
cvs-revenue-breakdown

CVS Profits

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CVS generated $8.34 billion in profits in 2023, compared to $4.15 billion in profits in 2022, compared to $7.91 billion in 2021, and $7.18 billion in 2020.

CVS Distribution Strategy

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CVS’s distribution strategy is toward pharmacy, which in 2023 generated 76.6% of the company’s revenue compared to front store & others, which generated over 23.4%.

CVS Revenue By Channel

cvs-revenue-by-channel
In 2023, CVS generated most of its revenue from pharmacy (76.6%), compared to 76.9% in 2022, 76% of revenue from pharmacy in 2021 and 76.9% in 2020. The rest is generated by retail & others.

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