Cardinal Health (CAH) Operating Expenses (2009 - 2026)
Cardinal Health (CAH) recorded Operating Expenses of $1.67 billion in fiscal Q4 2026 (quarter ended Jun 30, 2026), up 7.7% from $1.55 billion a year earlier and up 0.9% from the prior quarter.
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Analysis
Cardinal Health (CAH) Operating Expenses (2009 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Cardinal Health reported Operating Expenses of $6.42 billion, up 16.5% from FY2025.
- Annual Operating Expenses has increased for four straight fiscal years, with a five-year compound annual growth rate of 6.7% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Expenses came in at $5.51 billion in FY2025 (+6.4%), $5.18 billion in FY2024 (+5.7%), $4.9 billion in FY2023 (+6.1%) and $4.61 billion in FY2022 (-0.7%).
- The fiscal Q4 2026 figure is the highest quarterly Operating Expenses in data going back to fiscal Q3 2009.
- On a year-over-year basis, Operating Expenses has increased for 11 consecutive quarters, with growth averaging 11.6% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 23.2% in fiscal Q3 2026, against a decline of 3.6% in fiscal Q1 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $1.65 billion (Q3 2026), $1.57 billion (Q2 2026) and $1.53 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 376.33 Bn | 254.90 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Mckesson | 120.48 Bn | 104.38 Bn | 3.69 Bn | 2.37 Bn |
| 3 | Cvs Health | 120.15 Bn | 72.56 Bn | 47.23 Bn | 101.39 Bn |
| 4 | Elevance Health | 95.07 Bn | -46.82 Bn | 13.45 Bn | 48.54 Bn |
| 5 | Cigna | 80.20 Bn | 49.45 Bn | 14.97 Bn | 68.99 Bn |
| 6 | Cencora | 65.83 Bn | 54.73 Bn | 3.61 Bn | 2.28 Bn |
| 7 | Cardinal Health | 60.75 Bn | 44.59 Bn | 2.56 Bn | 1.67 Bn |
| 8 | Humana | 51.16 Bn | -36.70 Bn | 5.50 Bn | 39.51 Bn |
| 9 | Centene | 34.73 Bn | -55.62 Bn | 14.55 Bn | 52.38 Bn |
| 10 | Molina Healthcare | 10.97 Bn | -23.90 Bn | 1.43 Bn | 10.73 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.67 Bn |
| Mar 31, 2026 | 1.65 Bn |
| Dec 31, 2025 | 1.57 Bn |
| Sep 30, 2025 | 1.53 Bn |
| Jun 30, 2025 | 1.55 Bn |
| Mar 31, 2025 | 1.34 Bn |
| Dec 31, 2024 | 1.32 Bn |
| Sep 30, 2024 | 1.30 Bn |
| Jun 30, 2024 | 1.35 Bn |
| Mar 31, 2024 | 1.32 Bn |
| Dec 31, 2023 | 1.30 Bn |
| Sep 30, 2023 | 1.21 Bn |
| Jun 30, 2023 | 1.27 Bn |
| Mar 31, 2023 | 1.19 Bn |
| Dec 31, 2022 | 1.20 Bn |
| Sep 30, 2022 | 1.22 Bn |
| Jun 30, 2022 | 1.16 Bn |
| Mar 31, 2022 | 1.17 Bn |
| Dec 31, 2021 | 1.16 Bn |
| Sep 30, 2021 | 1.13 Bn |
API Access
Cardinal Health Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CAH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CAH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CAH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();