Cardinal Health (CAH) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential decline followed a period of growth in prior quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential decline followed a period of growth in prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$50.5B
Revenue reported for this quarter.
Quarter-over-quarter
-1.9%
Change from the immediately preceding quarter.
Year-over-year
+12.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$198.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $47.1B | +10.5% |
| Sep 30, 2022 | $49.6B | +12.8% |
| Dec 31, 2022 | $51.5B | +13.2% |
| Mar 31, 2023 | $50.5B | +12.6% |
Revenue performance
The reported revenue moved lower from the prior quarter, reversing the upward trend seen in earlier periods of the fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue declined. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue may warrant attention given the prior pattern of quarterly increases.