CVS Health 2025年度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549_________________________________________ FORM 11-K_________________________________________ (Mark One)☑ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the fiscal year ended December31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period from______to______ Commission File Number:001-01011 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: CVS HEALTH FUTURE FUND 401(k) PLAN(formerly known as the 401(k) Plan and the Employee Stock Ownership Plan of CVS Health Corporation and Affiliated Companies) B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: CVS HEALTH CORPORATION One CVS DriveWoonsocket, RI 02895 TABLE OF CONTENTS FINANCIAL STATEMENTS:Statements of Net Assets Available for Benefits2Statements of Changes in Net Assets Available for Benefits3Notes to Financial Statements4SUPPLEMENTAL SCHEDULES:Schedule H, Line 4a - Schedule of Delinquent Participant Contributions12Schedule H, Line 4i - Schedule of Assets (Held at End of Year)13INDEX TO EXHIBITS48SIGNATURES49 Report of Independent Registered Public Accounting Firm To the Plan Participants and the Plan Administrator ofCVS Health Future Fund 401(k) Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of CVS Health Future Fund 401(k) Plan (the Plan) asof December31, 2025 and 2024, and the related statements of changes in net assets available for benefits for the years then ended, andthe related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in allmaterial respects, the net assets available for benefits of the Plan at December31, 2025 and 2024, and the changes in its net assetsavailable for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles. Basis for Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’sfinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting OversightBoard (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federalsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the auditto obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part ofour audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressingan opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles usedand significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believethat our audits provide a reasonable basis for our opinion. Supplemental Schedules Required by ERISA The accompanying supplemental schedules of assets (held at end of year) as of December31, 2025, and delinquent participantcontributions for the year then ended (referred to as the “supplemental schedules”), have been subjected to audit procedures performedin conjunction with the audit of the Plan’s financial statements. The information in the supplemental schedules is the responsibility ofthe Plan’s management. Our audit procedures included determining whether the information reconciles to the financial statements orthe underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of theinformation presented in the supplemental schedules. In forming our opinion on the information, we evaluated whether suchinformation, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations forReporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairlystated, in all material respects, in relation to the fina