Filing Flows › Cardinal Health (CAH) › Q1 FY26
Cardinal Health (CAH) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 30, 2025
Cardinal Health (CAH) reported revenue of $64.0B for the first quarter fiscal 2026 (Q1 FY26), +22% from a year earlier and +6% from the quarter before. Operating margin was 1.0%, net earnings $454M (0.7% of revenue).
Cardinal Health, Q1 FY26: revenue $64.0B (+22% year over year), operating margin 1.0%, net earnings $454M, operating cash flow $973M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $64.0B | +6% | +22% |
| Gross profit | $2.3B | +5% | +22% |
| Operating profit | $668M | +56% | +18% |
| Net earnings | $454M | +87% | +9% |
| Operating cash flow | $973M | -36% | — |
| Free cash flow | $865M | -33% | — |
What changed
Revenue was $64.0B in Q1 FY26, up 22% year over year and up 6% from the previous quarter.
Gross margin was 3.6%, unchanged from a year earlier. Operating profit was $0.67B, a 1.0% margin (unchanged year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 1% margin then. Operating expenses grew 24% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+233%). Net earnings were $0.45B, up 8% year over year. The effective tax rate was 24.1%.
Operating cash flow was $1.0B, 214% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.19B. Capital expenditures of $0.11B left free cash flow of $0.86B.
Questions
What was Cardinal Health's revenue in the first quarter fiscal 2026?
Cardinal Health (CAH) reported revenue of $64.0B for the first quarter fiscal 2026 (Q1 FY26), +22% from a year earlier and +6% from the quarter before.
Was Cardinal Health profitable in the first quarter fiscal 2026?
Operating profit was $668M (1.0% of revenue) and net earnings $454M.
Source: Cardinal Health 10-Q on SEC EDGAR.