CAH · 8-K · 20261105PR000042
Income Tax Rate Changes
CARDINAL HEALTH INC · 2026-11-05 · Importance 66 · Surprise 84 · In source text
The GAAP effective tax rate declined to 19.2% in Q1 FY27 from 24.1% in Q1 FY26, while income tax provision decreased 8% to $132 million from $144 million. The non-GAAP effective tax rate fell to 18.5% from 21.9%. Cardinal Health lowered its FY27 non-GAAP effective tax-rate assumption to 18.5%–19.5% from 19.0%–20.0%. The release identifies a lower effective tax rate as one factor contributing to the 28% increase in non-GAAP diluted EPS to $3.26.
Key facts
- Cardinal Health lowered its fiscal 2027 non-GAAP effective tax rate assumption to 18.5%–19.5% from 19.0%–20.0%. source
- Cardinal Health's effective tax rate was 19.2% in Q1 FY27, compared with 24.1% in Q1 FY26. source
- Cardinal Health's non-GAAP effective tax rate was 18.5% in Q1 FY27, compared with 21.9% in Q1 FY26. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | — | Cardinal Health lowered its fiscal 2027 non-GAAP effective tax rate assumption to 18.5%–19.5% from 19.0%–20.0%. |