Cencora, Inc. stock research
FY2025 Q3
Cencora (COR) Gross Margin — Quarter Ended Jun 30, 2025
Revenue increased and cost of revenue also increased, resulting in a higher gross profit compared to both the prior quarter and the same quarter last year. The gross margin weakened relative to the prior quarter but improved from the same quarter a year ago.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q3
Revenue increased and cost of revenue also increased, resulting in a higher gross profit compared to both the prior quarter and the same quarter last year. The gross margin weakened relative to the prior quarter but improved from the same quarter a year ago.
- Gross profit rose while cost of revenue grew at a faster pace sequentially, compressing the margin. Compared to a year earlier, gross profit growth outpaced cost of revenue growth, supporting margin expansion.
- Versus the immediately preceding quarter, revenue and cost of revenue were both higher, but gross profit was slightly lower, and gross margin weakened. Versus the same quarter one year earlier, revenue, cost of revenue, and gross profit were all higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
3.6%
Gross profit
$2.9B
Revenue
$80.7B
Cost of revenue
$77.8B
Quarter-over-quarter change
-0.5 pts
Year-over-year change
+0.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $79.1B | $2.5B | $76.6B | 3.2% |
| Dec 31, 2024 | $81.5B | $2.6B | $78.9B | 3.1% |
| Mar 31, 2025 | $75.5B | $3.1B | $72.4B | 4.1% |
| Jun 30, 2025 | $80.7B | $2.9B | $77.8B | 3.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
-0.5 pts
Year-over-year change
Jun 30, 2024
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit rose while cost of revenue grew at a faster pace sequentially, compressing the margin. Compared to a year earlier, gross profit growth outpaced cost of revenue growth, supporting margin expansion.
Versus the immediately preceding quarter, revenue and cost of revenue were both higher, but gross profit was slightly lower, and gross margin weakened. Versus the same quarter one year earlier, revenue, cost of revenue, and gross profit were all higher, and gross margin improved.
Monitor the relationship between revenue growth and cost of revenue growth in the coming quarter.