Cencora (COR) Operating Expenses (2009 - 2026)
Cencora's Operating Expenses came in at $2.28 billion for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 26.8% from $1.8 billion a year earlier and up 8.3% from the prior quarter.
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Analysis
Cencora (COR) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cencora reported Operating Expenses of $8.21 billion, up 20.8% year-over-year; for FY2025 (ended Sep 30, 2025), it was $6.99 billion, up 14.8% from FY2024.
- Operating Expenses has increased in each of the last four fiscal years, though with a five-year compound annual growth rate of -6.7% (FY2020 to FY2025).
- Going back by fiscal year, Operating Expenses was $6.09 billion in FY2024 (+6.5%), $5.72 billion in FY2023 (+6.8%), $5.36 billion in FY2022 (+32.7%) and $4.04 billion in FY2021 (-59.1%).
- The fiscal Q3 2026 figure represents the highest quarterly Operating Expenses since fiscal Q4 2020.
- Year-over-year, Operating Expenses has increased for 19 consecutive quarters, with growth averaging 15.1% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in fiscal Q1 2022 (growth of 50.9%), and the weakest in fiscal Q4 2021 (a decline of 85.9%).
- Business Quant data shows COR's Operating Expenses at $2.11 billion (Q2 2026), $1.93 billion (Q1 2026) and $1.88 billion (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 339.33 Bn | 223.96 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 111.30 Bn | 63.91 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Mckesson | 100.82 Bn | 87.28 Bn | 3.69 Bn | 2.37 Bn |
| 4 | Elevance Health | 85.16 Bn | -56.58 Bn | 13.45 Bn | 48.54 Bn |
| 5 | Cigna | 72.72 Bn | 42.26 Bn | 14.97 Bn | 68.99 Bn |
| 6 | Cencora | 58.70 Bn | 47.79 Bn | 3.61 Bn | 2.28 Bn |
| 7 | Cardinal Health | 52.08 Bn | 36.08 Bn | 2.56 Bn | 1.67 Bn |
| 8 | Humana | 46.46 Bn | -41.34 Bn | 5.50 Bn | 39.51 Bn |
| 9 | Centene | 30.74 Bn | -59.55 Bn | 14.55 Bn | 52.38 Bn |
| 10 | Molina Healthcare | 9.85 Bn | -25.02 Bn | 1.43 Bn | 10.73 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.28 Bn |
| Mar 31, 2026 | 2.11 Bn |
| Dec 31, 2025 | 1.93 Bn |
| Sep 30, 2025 | 1.88 Bn |
| Jun 30, 2025 | 1.80 Bn |
| Mar 31, 2025 | 1.72 Bn |
| Dec 31, 2024 | 1.59 Bn |
| Sep 30, 2024 | 1.68 Bn |
| Jun 30, 2024 | 1.53 Bn |
| Mar 31, 2024 | 1.57 Bn |
| Dec 31, 2023 | 1.54 Bn |
| Sep 30, 2023 | 1.56 Bn |
| Jun 30, 2023 | 1.47 Bn |
| Mar 31, 2023 | 1.52 Bn |
| Dec 31, 2022 | 1.41 Bn |
| Sep 30, 2022 | 1.45 Bn |
| Jun 30, 2022 | 1.32 Bn |
| Mar 31, 2022 | 1.31 Bn |
| Dec 31, 2021 | 1.33 Bn |
| Sep 30, 2021 | 1.05 Bn |
API Access
Cencora 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=COR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "COR", "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=COR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();