cvs-financials

CVS Financials

Business / By / June 16, 2023

CVS generated 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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CVS Revenue

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

CVS Profits

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

CVS Revenue Breakdown

cvs-revenue-breakdown

CVS Distribution Strategy

cvs-distribution-strategy
CVS’s distribution strategy is toward pharmacy, which in 2022 generated nearly 77% of the company’s revenue compared to front store & others, which generated over 23% of its revenue.

CVS Revenue By Channel

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

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About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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