Healthcare giant CVS Health boosted its outlook for the year as part of its investor day on Tuesday.
The company said it now expects full-year revenues of at least $400 billion and earnings per share (EPS) between $6.60 and $6.70. Previous estimates projected at least $397.3 billion in revenue and EPS of $6.55 to $6.65.
CVS also projects its compound annual growth rate to be in the mid-teens for the next three years, reflecting the efforts it’s made to improve performance at multiple units. For example, CVS said it’s on track to return to target margins at Aetna, and it’s driving sustained earnings at CVS Pharmacy.
“We are closing out 2025 with meaningful momentum across our businesses and we expect another year of strong earnings growth in 2026,” said Chief Financial Officer Brian Newman in a press release. “We are committed to doing what we say.”
“Our guidance philosophy is centered on providing credible and clear expectations with opportunities for outperformance,” Newman continued. “Our long-term outlook highlights the power of our diversified enterprise in a constantly evolving industry.”
In addition to the updates for 2025, CVS offered its first look at expected earnings for 2026. The company said it anticipates revenues of at least $400 billion and EPS of between $7.00 and $7.20.
The company also unveiled its strategy around “engagement as a service” as part of its investor day. CVS said it is leaning on its existing technology platforms to build a consumer platform that serves as a hub for services across its units as well as participating partners.
CVS said it intends to build this platform as AI-native. An example of that in action is Aetna’s new AI assistant, which aims to make it easier for members to navigate their benefits.
CEO David Joyner said in the announcement that in his close to 40 years with the company, he’s seen both it and the industry writ large charge a path forward even amid adversity.
“CVS Health is committed to being the most trusted health care company in America,” said Joyner. “We are executing with discipline, strengthening our core businesses and delivering meaningful progress across our enterprise.”
“As we look ahead, we are focused on building a simpler, more connected and more affordable health care experience for consumers, healthcare professionals, and payors, delivering value for all stakeholders,” Joyner said.
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