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Earnings Summary: Cardinal Health reports higher Q4 earnings and flat revenues

Cardinal Health (NYSE: CAH), a leading pharmaceuticals distributor, on Tuesday reported an increase in adjusted profit for the fourth quarter of 2025. Revenues remained broadly unchanged.

  • Revenue was nearly flat at $60.2 billion in Q4; excluding special items, the top-line increased 21%
  • Fourth quarter operating earnings were $428 million; adjusted operating earnings increased 19% to $719 million
  • On a reported basis, the company posted earnings of $1.00 per share for Q4, which is up 4% year-over-year
  • Fourth-quarter adjusted earnings per share increased 13% annually to $2.08
  • The management raised its fiscal year 2026 outlook for adjusted earnings per share to $9.30 to $9.50, representing a 12-15% growth
  • Full-year revenue is expected to grow in the range of 11% to 13%
  • Global Medical Products and Distribution segment revenue is expected to grow between 2% and 4%
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