Financial Performance and Outlook - CVS Health aims for mid-teens adjusted EPS CAGR through 2028, driven by diversified businesses[14, 15, 162] - The company expects at least $400 billion in total revenues for 2026[152] - The adjusted operating income for 2026 is projected to be between $1507 billion and $1541 billion[152] - Adjusted earnings per share are guided to be between $700 and $720 for 2026[152] - CVS Health anticipates at least $10 billion in cash flow from operations in 2026[152] Business Segment Performance - Health Care Benefits expects at least $137 billion in revenue for 2026, with a year-over-year decline of (35)%, and adjusted operating income between $358 billion and $392 billion[148] - Health Services projects at least $1966 billion in revenue for 2026, with a year-over-year growth of +3%, and adjusted operating income of at least $725 billion[149] - Pharmacy and Consumer Wellness anticipates at least $1365 billion in revenue for 2026, with a year-over-year decline of (15)%, and adjusted operating income of at least $609 billion[150, 151] Strategic Initiatives - CVS Health is launching "Engagement as a Service" built around the Open Consumer Engagement Platform, with an open platform launch goal in 2026[133] - The company projects cumulative deployable cash of $55 to $60 billion from 2026 to 2028, allocating approximately 60% to shareholder dividends and 40% to flexible deployment[161]