Cardinal Health Reports Q4 Revenue of $60.2 Billion, Raises FY2026 Guidance

Tuesday, Aug 12, 2025 3:43 pm ET1min read

Cardinal Health reported Q4 non-GAAP operating earnings of $719 million, a 19% increase, and non-GAAP EPS of $2.08. FY2025 revenue was $222.6 billion, a 2% decrease, but non-GAAP operating earnings rose 15% to $2.8 billion. The company raised FY2026 non-GAAP EPS guidance to $9.30-$9.50, a 13-15% increase, and plans to repurchase $750 million worth of shares.

Cardinal Health (NYSE: CAH) reported its fourth quarter (Q4) and fiscal year 2025 (FY25) results, showing a relatively flat revenue of $60.2 billion for the quarter and a 2% decrease in FY25 revenue to $222.6 billion compared to the previous year. Despite the revenue changes, the company's non-GAAP operating earnings increased significantly. Q4 non-GAAP operating earnings were $719 million, a 19% increase, while non-GAAP EPS was $2.08, a 13% increase. For the full year, non-GAAP operating earnings rose 15% to $2.8 billion, with non-GAAP EPS increasing 9% to $8.24 [1].

Cardinal Health's CEO, Jason Hollar, highlighted the company's operational strength, stating, "Fiscal 2025 was a transformative year for Cardinal Health, and we closed the year with momentum, delivering strong fourth quarter results" [1].

The company also announced that it has raised its FY2026 non-GAAP EPS guidance to $9.30-$9.50, a 13-15% increase from the previous guidance of $9.10-$9.30. This increase reflects a benefit to net earnings from classifying the shares held by physicians and management of The Specialty Alliance as a liability and increased contributions from the Pharmaceutical and Specialty Solutions segment and the growth businesses reported in Other [1].

Additionally, Cardinal Health plans to repurchase $750 million worth of shares and expects to spend approximately $600 million on capital expenditures during FY2026. The company also expects non-GAAP adjusted free cash flow to be between $2.75 billion and $3.25 billion for the year [1].

References:
[1] https://newsroom.cardinalhealth.com/2025-08-12-Cardinal-Health-Reports-Fourth-Quarter-and-Fiscal-Year-2025-Results-and-Raises-Fiscal-Year-2026-Guidance

Cardinal Health Reports Q4 Revenue of $60.2 Billion, Raises FY2026 Guidance

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