How many employees does CVS Health have?

This page is for sellers, analysts and job seekers who need a CVS Health headcount they can cite, and need to know how precise it is. CVS Health, the parent of CVS Pharmacy, Aetna, CVS Caremark and Oak Street Health, reports its workforce once a year, as of December 31, in the Human Capital section of its 10-K. Every figure below comes from those filings, with its date.

CVS Health employees by year

The wording is CVS's own. Because "over 300,000" has no upper bound, the filings can't tell you whether the workforce grew or shrank between 2022 and 2025. All you can say is that it stayed above 300,000.

What the number includes

The 2025 10-K says: "As of December 31, 2025, we employed over 300,000 colleagues primarily in the U.S. including in all 50 states, the District of Columbia and Puerto Rico, approximately 73% of whom were full-time."

• Full-time and part-time. The figure counts both, and gives the full-time share. By our arithmetic, 73% of at least 300,000 means at least about 219,000 full-time colleagues and at least about 81,000 part-time.
• All of CVS Health. It covers every segment: Health Care Benefits (Aetna), Health Services (the CVS Caremark pharmacy benefits manager, specialty and mail order pharmacy, and medical clinics such as Oak Street Health) and Pharmacy & Consumer Wellness (CVS Pharmacy stores).
• Mostly in the United States. The 2019 and earlier 10-Ks also mentioned "a number of countries outside the United States." Recent filings say "primarily in the U.S." and give no country or segment split.
• No contractor count. The 10-K doesn't report contractors or temporary staff separately.

For scale, the 10-K describes "approximately 9,000 retail locations, more than 1,000 walk-in and primary care medical clinics" and a pharmacy benefits manager with "approximately 87 million plan members," and says Aetna serves more than 37 million people through its health insurance products.

What changed and why

2018 to 2023: acquisitions

The 2018 count of about 295,000 already included Aetna, which CVS acquired on November 28, 2018. In 2023 CVS acquired Signify Health (March 29) and Oak Street Health (May 2), which runs primary care centers for Medicare patients. Because the total was already "over 300,000," those deals don't show as a change in the headline figure.

2022 to 2025: closing stores

In the fourth quarter of 2021 CVS announced plans to close about 900 stores between 2022 and 2024. Its 2024 10-K confirms it "had closed approximately 900 retail stores in connection with these actions." In the third quarter of 2024 it finalized "an enterprise-wide restructuring plan intended to streamline and simplify the organization, improve efficiency and reduce costs," which included plans to close another 271 stores in 2025, "corporate workforce optimization costs, including severance and employee-related costs," and expected cost savings of more than $500 million in 2025. The 2025 10-K says CVS closed 221 retail stores in 2025 under that plan.

2026: clinic closures

The 2025 10-K records a charge for "the planned closure of certain existing Oak Street Health clinics in 2026, as well as associated severance and employee-related costs expected to be incurred." It doesn't say how many clinics or employees.

The closures and restructuring point to fewer employees in some areas, but because CVS reports only "over 300,000," the effect on the total isn't visible in its filings.

Revenue per employee

CVS Health's 2025 total revenues were $402.1 billion, up 7.8%. Using 300,000 employees: $402,067 million ÷ 300,000 = about $1.34 million per employee (our calculation). Because the true headcount is above 300,000, the real figure is somewhat lower, so treat $1.34 million as a ceiling. For 2024 the same ceiling was about $1.24 million.

Segment revenues add up to more than the total because, as the 10-K puts it, some revenue comes from "activities that occur between the Health Care Benefits segment, the Health Services segment, and/or the Pharmacy & Consumer Wellness segment." CVS doesn't report employees by segment.

Selling to a company this size

General guidance on how an integrated health company of this size buys, not a description of CVS Health's internal processes.

• Pick the business. An insurer, a pharmacy benefits manager, a retail pharmacy chain and a primary care operator have different buyers, budgets and rules. Treat each segment, and often each business inside it, as its own account.
• Expect healthcare compliance review. Anything that touches patient or member data meets HIPAA requirements, security review and, for Medicare and Medicaid work, government program rules. Have business associate terms ready.
• Tie your pitch to the restructuring. A company closing stores and clinics and running a cost program wants efficiency it can measure. Show the saving per store, per clinic or per member.
• Respect the field structure. Store operations run through regional and district leaders. A pilot in one region is a common way in.

Working out which part of an integrated company owns a decision takes time. Bebop researches each account and suggests who to talk to; check its findings against the filings. For the manual method, see our guide to finding decision makers.

How to check CVS Health's headcount yourself

1. Open CVS Health's 10-K filings on SEC EDGAR and pick the latest one, filed each February.
2. In Item 1, Business, find Human Capital. The headcount, its date and the full-time share are in the first paragraph.
3. For store counts and closures, read the Pharmacy & Consumer Wellness store information in Item 1 and the restructuring note.

Next step: see CVS alongside its peers in the largest healthcare companies.