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Cardinal Health: risk summary

Summaries are drawn from public sources and link to them. HSH does not give a risk rating: read the summary and sources and reach your own view. Unproven allegations are labelled as such. Suppliers can submit a response, which is shown alongside.

Financial

Latest full-year results from official filings.

FY2026 revenue $254.25bn (+14.0%); operating margin 1.0%; net income $1.71bn.

Cash $4.86bn; debt $8.89bn.

Researched 8 Nov 2026

Adverse media

Credible news about incidents, disputes, legal action or restructuring in the last 24 months.

No adverse media involving Cardinal Health found in HSH's search of the last 24 months; lawsuit settlements found (kickbacks, opioid oversight) date from 2022. Aug 2025: Cardinal agreed to buy US urology group Solaris Health for $1.9bn.

Researched 10 Nov 2026

Cyber & information governance

Data breaches, cyber incidents, regulator action and assurance status.

No data breaches, cyber incidents or regulator action involving Cardinal Health found in HSH's search of the last 24 months. NHS DSPT status not yet checked.

Researched 10 Nov 2026

Regulatory & clinical safety

Recalls, safety notices, regulator action and clinical safety concerns.

Jul 2026: Cardinal Health began a Class 2 FDA recall of 616 Presource surgical kits (US and Canada) containing third-party neurological sponges recalled for variable endotoxin levels.

Researched 10 Nov 2026

Contract performance

Contract delivery, go-lives, terminations and disputes.

Jun 2025: a large pharmaceutical distribution contract with Optum (UnitedHealth Group), reported as about 15% of revenue, expired, leaving Cardinal's reported sales roughly flat for the quarter.

Researched 10 Nov 2026