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How Cencora (COR) makes money

Cencora (COR) made $84.8B of revenue in the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier. Of every dollar of revenue, 4¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.

Drawing the Sankey…

Cencora revenue by quarterCencora revenue by quarter$79.1BQ4 FY24$75.5BQ2 FY25$80.7BQ3 FY25$83.7BQ4 FY25$85.9BQ1 FY26$78.4BQ2 FY26$84.8BQ3 FY26
Cencora: where each dollar of revenue goesCencora: where each dollar of revenue goesCost of revenue96¢Gross profit4¢Operating expenses3¢Operating profit1¢Income tax0¢Net earnings1¢Operating cash flow3¢Free cash flow3¢

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$84.8B100.0%
Cost of revenue$81.1B95.7%
Gross profit$3.6B4.3%
Operating expenses$2.5B2.9%
Operating profit$1.1B1.3%
Income tax$220M0.3%
Net earnings$777M0.9%
Operating cash flow$2.7B3.1%
Free cash flow$2.4B2.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$84.8B+5%
Q2 FY26$78.4B+4%
Q1 FY26$85.9B+6%
Q4 FY25$83.7B+6%
Q3 FY25$80.7B+9%
Q2 FY25$75.5B+10%
Q4 FY24$79.1B+15%

From Cencora's 10-Q filed Aug 5, 2026 (on EDGAR).

Questions

How does Cencora make money?

Cencora (COR) made $84.8B of revenue in the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier. Of every dollar of revenue, 4¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.

What is Cencora's profit margin?

Net earnings were $777M, 0.9% of revenue, in the third quarter fiscal 2026; the operating margin was 1.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.