8-K filed Aug 11, 2026
Cardinal Health authorizes $5B for stock buybacks
“Cardinal Health Board of Directors approved a $5.0 billion increase to the share repurchase program, bringing the total share repurchase authorization to $6.4 billion as of August 2026”
From Cardinal Health’s 8-K filed Aug 11, 2026 · read the filing · all documents
How big is it?
Cardinal Health bought back $758M of stock in the twelve months to Jun 30, 2026. At that pace, $5.0B covers about 6.6 years of buybacks.
The amount equals 91% of its free cash flow over the same twelve months ($5.5B).
Its diluted share count is down 2.5% from a year earlier.
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q3 '23 | $500M |
| Q4 '23 | $250M |
| Q1 '24 | $0 |
| Q2 '24 | $0 |
| Q3 '24 | $375M |
| Q4 '24 | $15M |
| Q1 '25 | $375M |
| Q2 '25 | $0 |
| Q3 '25 | $375M |
| Q4 '25 | $383M |
| Q1 '26 | $0 |
| Q2 '26 | $0 |