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CLAIM #18579 · CVS Health Corp (CVS) · 2025Q3 earnings call · Oct 29, 2025 · due Dec 31, 2026

While incorporating this, as Brian will discuss later, we continue to expect meaningful growth in enterprise earnings next year.

David Joyner · CEO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
we continue to expect meaningful growth in enterprise earnings next year
Reported
we now expect full year enterprise adjusted operating income to be in the range of $15.53 billion to $15.87 billion

How to check this claim

Look at: Total company adjusted (enterprise) earnings per share growth, next fiscal year vs current fiscal year

It came true if: Reported next-fiscal-year adjusted EPS greater than current fiscal year adjusted EPS (positive year-over-year growth)

Where: Company earnings release / 10-K annual report and full-year guidance commentary on earnings calls

In context

ates. This includes our Aetna fully insured commercial members who we transitioned in 2019 and the benefit design we offer our own colleagues. Two years ago, we continued our innovation leadership when we introduced our new TrueCost model, which guarantees a net cost for each individual drug, delivering drug pricing transparency for our clients and consumers. We are encouraged by recent announcements that others are following us on this path. We know that this is the transition that consumers want and is also important for the future of our business. We're incredibly encouraged by the path Caremark is on. However, we acknowledge there are near-term market dynamics from a few of our client contracts that have resulted in a revision to our guidance and will impact our near-term growth rate. While incorporating this, as Brian will discuss later, we continue to expect meaningful growth in enterprise earnings next year. We are working diligently to recontract over the next few years and resolve this issue. Importantly, clients, including the most sophisticated buyers of pharmacy benefit services, continue to see the tremendous value we provide, as evidenced by another strong selling season. We have achieved new client wins of nearly $6 billion and are closing out another selling season with retention in the high 90s. I am incredibly bullish about the road ahead and believe we will continue to lead this industry given our unique advantages and insights. Turning to PCW. Our leadership is clear in the retail pharmacy market as we work towards a more sustainable and transparent future. Our deliberate strategic decisions, intentional investments, best-in-class drug purchasing and superior customer service hav

Verify independently

SEC filings for CVS · Claim quote is verbatim from the 2025Q3 earnings call.