CLAIM #18651 · CVS Health Corp (CVS) · 2026Q1 earnings call · May 6, 2026 · due Dec 31, 2026
“We continue to expect a full year MBR within our previous guidance range of 90.5%, plus or minus 50 basis points.”
Brian O. Newman · CFO
How to check this claim
Look at: Health Care Benefits segment full year Medical Benefit Ratio (MBR)
It came true if: Full year MBR between 90.0% and 91.0% (90.5% plus or minus 50 basis points)
Where: Company full year 2026 earnings release / 10-K segment disclosures (Health Care Benefits segment results)
In context
“inst our 2026 guidance. Shifting now to our outlook for 2026. As David mentioned, we are increasing our full year 2026 guidance for adjusted EPS to a range of $7.30 to $7.50, an increase of $0.30 or more than 4% higher than our previous guidance. We now expect our full year total revenues to be at least $405 billion. We are also updating our outlook for full year cash flow from operations to at least $9.5 billion, reflecting improved underlying performance, primarily related to working capital. In our Health Care Benefits segment, we now expect full year adjusted operating income to be in a range of approximately $4 billion to $4.34 billion, an increase of $420 million relative to our prior guidance, reflecting the favorable prior year development that we experienced in the first quarter. We continue to expect a full year MBR within our previous guidance range of 90.5%, plus or minus 50 basis points. This outlook continues to maintain the same respectful and prudent view on medical cost trends until we have greater visibility into how those trends are developing. In our Pharmacy & Consumer Wellness segment, we now expect full year adjusted operating income of at least $6.18 billion, an increase of approximately $90 million from our prior guidance. This increase reflects our strong underlying business performance in the first quarter and our revised expectations for the remainder of the year. We are also pleased to reiterate our full year guidance for our Health Services segment. In aggregate, we now expect full year enterprise adjusted operating income to be in the range of $15.53 billion to $15.87 billion. We now expect a roughly 60-40 split of earnings between the first half and sec”
Verify independently
SEC filings for CVS ↗ · Claim quote is verbatim from the 2026Q1 earnings call.