Cardinal Health (CAH) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to the immediately preceding quarter, but rose compared to the same quarter one year earlier. The company completed an acquisition during the period, and its organizational structure was updated at the start of the calendar year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue for the quarter declined compared to the immediately preceding quarter, but rose compared to the same quarter one year earlier. The company completed an acquisition during the period, and its organizational structure was updated at the start of the calendar year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$54.9B
Revenue reported for this quarter.
Quarter-over-quarter
-4.5%
Change from the immediately preceding quarter.
Year-over-year
+8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$220.4B
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, 2023 | $53.4B | +13.5% |
| Sep 30, 2023 | $54.7B | +10.2% |
| Dec 31, 2023 | $57.4B | +11.6% |
| Mar 31, 2024 | $54.9B | +8.7% |
Revenue performance
The reported revenue reflects a sequential decrease, while maintaining year-over-year growth.
Quarterly comparison
Compared to the prior quarter, revenue was lower; compared to the same quarter a year ago, revenue was higher.
What to watch
The integration of the recently acquired business and the effects of the organizational realignment may influence future revenue patterns.