CVS Health generates over $474 Billion in 2024 U.S. economic impact, supporting communities throughout the United States

Rhea-AI Summary

CVS (NYSE: CVS) released its inaugural National Economic Impact Report on Dec 5, 2025, saying its operations deliver an annual $474 billion economic impact across the U.S. and support 1.3 million jobs nationwide.

The report cites 300,000+ employees, approximately 9,000 retail pharmacy locations and >1,000 walk-in and primary care clinics, serving 185 million individuals and placing nearly 85% of Americans within 10 miles of a CVS pharmacy.

Other metrics include $58.6 billion in local, state and federal taxes, $239 million in community investments, and 84,000 volunteer hours. The report uses IMPLAN-based analysis by Parker Strategy Group.

Positive

• $474 billion annual U.S. economic impact
• Supports 1.3 million jobs nationwide
• Generated $58.6 billion in local, state and federal taxes
• 300,000+ direct employees
• Operates ~9,000 retail pharmacies and >1,000 clinics
• Serves 185 million individuals; ~85% within 10 miles

Negative

• None.

Key Figures

Annual economic impact $474 billion National Economic Impact Report for U.S. economy

Jobs supported 1.3 million jobs Total jobs supported nationwide by CVS operations

Taxes generated $58.6 billion Local, state and federal taxes from CVS operations

Americans near a CVS 85% Portion of Americans living within 10 miles of a CVS Pharmacy

Individuals served 185 million People served by CVS Health across the U.S.

Retail pharmacy locations 9,000 locations Approximate number of CVS retail pharmacies

Medical clinics 1,000+ clinics Walk-in and primary care medical clinics

Community investment $239 million Invested in community initiatives

Market Reality Check

$76.75 Last Close

Volume Volume 8,497,683 vs 20-day average 6,750,495, indicating elevated trading interest. normal

Technical Price 76.75 is trading above the 200-day MA at 69.63, reflecting a pre-news uptrend.

Peers on Argus

CVS gained 2.33% while key peers were mixed: CI -0.59%, HUM -0.97%, ELV +0.83%, CNC +0.47%, MOH +1.39%, suggesting a more stock-specific move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 01	Community investment	Positive	-1.6%	Showcased affordable housing investments and Prichard building restoration support.
Nov 20	Leadership change	Positive	+2.6%	Named CEO David Joyner as Chair to support long-term strategic execution.
Nov 20	Brand launch	Positive	-0.7%	Introduced Joyward seasonal decor and gifts brand across CVS retail channels.
Nov 18	AI product launch	Positive	-0.6%	Launched generative AI assistant to simplify Aetna member navigation and benefits.
Nov 18	Clinical program data	Positive	-0.6%	Updated on Aetna Clinical Collaboration rollout and readmission reduction projections.

Pattern Detected

Recent CVS headlines have generally been positive, but price reactions skewed negative or flat, except for board leadership news which coincided with a gain.

Recent Company History

Over the last few weeks, CVS has emphasized community investment, leadership alignment, retail brand expansion and technology initiatives. On Dec 1, 2025, it highlighted over $17 million in housing investment in West Virginia yet shares fell 1.57%. Board leadership news on Nov 20, 2025 coincided with a 2.62% gain. Launches of Joyward and Aetna AI/navigation programs on Nov 18–20, 2025 saw modest negative reactions. Today’s economic impact report fits this pattern of strategically positive but variably rewarded news flow.

Market Pulse Summary

This announcement highlights CVS Health’s reported annual U.S. economic impact of $474 billion, support for 1.3 million jobs, and $58.6 billion in taxes, alongside $239 million in community investments and extensive retail and clinic reach. In context with recent leadership, brand and technology updates, it underscores scale and community engagement. Investors may monitor how such initiatives translate into financial performance, cost management, and long-term competitiveness within healthcare and retail.

Key Terms

form 4 regulatory

"filed a Form 4 reporting receipt of 1,652 shares of common stock"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

restricted stock unit financial

"taxes due upon the vesting and settlement of a restricted stock unit award"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

deferred stock units financial

"acquired 2,202.788 deferred stock units with a conversion price of $0"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

incentive compensation plan financial

"under the company’s 2017 Incentive Compensation Plan"

An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.

generative ai technical

"launched a generative AI-powered conversational assistant embedded across its website"

Generative AI is a type of computer technology that can create new content, like text, images, or music, on its own. It’s important because it can produce realistic and useful material quickly, which could change how we create art, write stories, or even develop new products. Think of it as a smart robot that can invent and produce things almost like a human.

AI-generated analysis. Not financial advice.

New report highlights the company's role as a top U.S. employer, investing in improving health and supporting local communities

WOONSOCKET, R.I., Dec. 5, 2025 /PRNewswire/ -- CVS Health® (NYSE: CVS) today released its inaugural National Economic Impact Report demonstrating the positive economic impact that the company has in communities across the country.

The report demonstrates how CVS Health delivers $474 billion annually for the U.S. economy and supports 1.3 million jobs nationwide through its operations in every U.S. state and Washington, D.C. In addition, CVS Health operations generated $58.6 billion in local, state and federal taxes, helping to fund schools, emergency services and critical infrastructure.

"At CVS Health, our economic impact reaches far beyond our stores, clinics and facilities," said David Joyner, President and CEO, CVS Health. "To be America's most trusted health care company means that we help simplify care and improve health one person, one family, one community at a time. Through supporting over a million American jobs and generating significant tax revenue that helps fund schools, emergency services and infrastructure, we create stronger, more resilient communities across the country."

Nearly 85% of Americans live within 10 miles of a CVS Pharmacy, and CVS Health serves 185 million individuals, expanding access to care across cities, towns and rural communities.

Key highlights from the report*:

• $474 billion annual economic impact
• Approximately 9,000 retail pharmacy locations, as well as more than 1,000 walk-in and primary care medical clinics
• 300,000+ employees; 1.3 million jobs supported
• $58.6 billion in taxes for local, state and federal programs
• $239 million invested in community initiatives
• 84,000 volunteer hours

"We are focused on helping improve communities across America. Supporting health and vitality is the foundation of our business," said Joyner. "From our beginnings as Consumer Value Store in Lowell, Massachusetts over 60 years ago, to our presence in every state today, we've stayed steadfast to our core mission: helping our neighbors and our communities."

Explore the full National Economic Impact Report, including state-by-state data and community stories, at CVS Health National Economic Impact

*Source: Parker Strategy Group using data from CVS Health in IMPLAN

About CVS Health
CVS Health is a leading health solutions company building a world of health around every consumer, wherever they are. As of September 30, 2025, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 87 million plan members. The Company also serves an estimated more than 37 million people through traditional, voluntary and consumer-directed health insurance products and related services, including highly rated Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company's integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.

Media contact
Ethan Slavin
860-273-6095
Ethan.Slavin@CVSHealth.com 

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SOURCE CVS Health

FAQ

What did CVS announce in the Dec 5, 2025 National Economic Impact Report (CVS)?

CVS reported an annual $474 billion U.S. economic impact and that its operations support 1.3 million jobs.

How many jobs does CVS (CVS) say it supports nationwide in 2025?

The report states CVS operations support 1.3 million jobs across the United States.

How much tax revenue does CVS (CVS) say it generated in 2024/2025?

CVS reports it generated $58.6 billion in local, state and federal taxes.

How many CVS pharmacy locations and clinics does CVS (CVS) report operating?

The report lists approximately 9,000 retail pharmacy locations and more than 1,000 walk-in and primary care clinics.

What community investments did CVS (CVS) report for 2025?

CVS reported $239 million invested in community initiatives and 84,000 volunteer hours.

How many people does CVS (CVS) say it serves and how close are pharmacies?

CVS reports serving 185 million individuals and that nearly 85% of Americans live within 10 miles of a CVS pharmacy.