Filing Flows › Cardinal Health (CAH) › Q3 FY26
Cardinal Health (CAH) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 30, 2026
Cardinal Health (CAH) reported revenue of $60.9B for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and -7% from the quarter before. Operating margin was 0.8%, net earnings $380M (0.6% of revenue).
Cardinal Health, Q3 FY26: revenue $60.9B (+11% year over year), operating margin 0.8%, net earnings $380M, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.9B | -7% | +11% |
| Gross profit | $2.5B | +4% | +18% |
| Operating profit | $509M | -28% | -30% |
| Net earnings | $380M | -19% | -25% |
| Operating cash flow | $1.8B | +166% | -38% |
| Free cash flow | $1.7B | +202% | -40% |
What changed
Revenue was $60.9B in Q3 FY26, up 11% year over year and down 7% from the previous quarter.
Gross margin was 4.1%, up 0.2 points from Q3 FY25. Operating profit was $0.51B, a 0.8% margin (down 0.5 points year over year). Operating profit fell $0.22B even though revenue rose $6.1B versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 43% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+473%). Net earnings were $0.40B, down 21% year over year. The effective tax rate was 3.1%.
Operating cash flow was $1.8B (down 38% year over year), 480% of net income including minority interests. Non-cash charges added back $0.25B of depreciation and amortization and $0.13B of share-based compensation. Working capital and other items added $1.1B. Capital expenditures of $0.15B left free cash flow of $1.7B.
Questions
What was Cardinal Health's revenue in the third quarter fiscal 2026?
Cardinal Health (CAH) reported revenue of $60.9B for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and -7% from the quarter before.
Was Cardinal Health profitable in the third quarter fiscal 2026?
Operating profit was $509M (0.8% of revenue) and net earnings $380M.
Source: Cardinal Health 10-Q on SEC EDGAR.