Filing Flows › Cencora (COR) › Q4 FY25
Cencora (COR) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 25, 2025
Cencora (COR) reported revenue of $83.7B for the fourth quarter fiscal 2025 (Q4 FY25), +6% from a year earlier and +4% from the quarter before. Operating margin was 0.0%, net loss $333M (0.4% of revenue).
Cencora, Q4 FY25: revenue $83.7B (+6% year over year), operating margin 0.0%, net loss $333M, operating cash flow $3.1B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.7B | +4% | +6% |
| Operating profit | $18.5M | -98% | -85% |
| Net earnings | −$333M | -148% | -4561% |
| Operating cash flow | $3.1B | 29× | +213% |
| Free cash flow | $2.9B | — | +252% |
What changed
Revenue was $83.7B in Q4 FY25, up 6% year over year and up 4% from the previous quarter.
Gross margin was 3.5%, up 0.4 points from Q4 FY24. Operating profit was $0.02B, a 0.0% margin (down 0.1 points year over year). Operating profit fell $0.11B even though revenue rose $4.7B versus Q4 FY24, so costs grew faster than sales. Operating expenses grew 24% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+35%). The quarter ended with a net loss of $0.33B, after a profit of $0.69B the previous quarter. Net interest and other expense of $0.21B was the main reason.
Operating cash flow was $3.1B (up 213% year over year). Non-cash charges added back $0.26B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $3.2B. Capital expenditures of $0.25B left free cash flow of $2.9B.
Questions
What was Cencora's revenue in the fourth quarter fiscal 2025?
Cencora (COR) reported revenue of $83.7B for the fourth quarter fiscal 2025 (Q4 FY25), +6% from a year earlier and +4% from the quarter before.
Was Cencora profitable in the fourth quarter fiscal 2025?
Operating profit was $18.5M (0.0% of revenue) and net loss $333M.
Source: Cencora 10-K on SEC EDGAR.