Filing Flows › Cardinal Health (CAH) › Q1 FY27
Cardinal Health (CAH) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 5, 2026
Cardinal Health (CAH) reported revenue of $67.5B for the first quarter fiscal 2027 (Q1 FY27), +5% from a year earlier and +6% from the quarter before. Operating margin was 1.1%, net earnings $556M (0.8% of revenue).
Cardinal Health, Q1 FY27: revenue $67.5B (+6% year over year), operating margin 1.1%, net earnings $556M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.5B | +6% | +5% |
| Gross profit | $2.6B | +1% | +12% |
| Operating profit | $753M | +3% | +13% |
| Net earnings | $556M | +39% | +22% |
| Operating cash flow | $1.4B | -17% | +44% |
| Free cash flow | $1.2B | -13% | +43% |
What changed
Revenue was $67.5B in Q1 FY27, up 5% year over year and up 6% from the previous quarter.
Gross margin was 3.8%, up 0.2 points from Q1 FY26. Operating profit was $0.75B, a 1.1% margin (up 0.1 points year over year). Of the extra revenue versus Q1 FY26, 2% reached operating profit, above the 1% margin then. Operating expenses grew 12% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $0.55B, up 23% year over year. The effective tax rate was 19.2%.
Operating cash flow was $1.4B (up 44% year over year), 251% of net earnings. Non-cash charges added back $0.25B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items added $0.49B. Capital expenditures of $0.16B left free cash flow of $1.2B.
Questions
What was Cardinal Health's revenue in the first quarter fiscal 2027?
Cardinal Health (CAH) reported revenue of $67.5B for the first quarter fiscal 2027 (Q1 FY27), +5% from a year earlier and +6% from the quarter before.
Was Cardinal Health profitable in the first quarter fiscal 2027?
Operating profit was $753M (1.1% of revenue) and net earnings $556M.
Source: Cardinal Health 10-Q on SEC EDGAR.