CVS Health (BSP:CVSH34) Tax Rate % : 24.33% (As of Dec. 2023)

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What is CVS Health Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CVS Health's Tax Expense for the three months ended in Dec. 2023 was R$3,224 Mil. CVS Health's Pre-Tax Income for the three months ended in Dec. 2023 was R$13,254 Mil. Therefore, CVS Health's Tax Rate % for the quarter that ended in Dec. 2023 was 24.33%.

CVS Health Tax Rate % Historical Data

The historical data trend for CVS Health's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CVS Health Tax Rate % Chart

CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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26.30

26.29

24.18

25.86

25.11

CVS Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															25.97	25.60	25.53	24.98	24.33

CVS Health Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

CVS Health's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	13743.939	/	54745.465
	=	25.11 %

CVS Health's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	3224.068	/	13253.959
	=	24.33 %

CVS Health Tax Rate % Related Terms

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CVS Health (BSP:CVSH34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (BSP:CVSH34) » Definitions » Tax Rate %

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.

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