McKesson Corporation (MCK) Income Statement
MCK FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsMCK revenue and net income
Where MCK's revenue goes
FY2026Each bar shows an amount and its share of revenue. MCK kept 1.2% of revenue as net income.
MCK profit margins
MCK growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.4% | +13.4% | +11.1% | +7.8% |
| Gross profit | +16.5% | +7.0% | +4.7% | +2.9% |
| Operating income | +47.6% | +13.2% | +13.0% | +5.3% |
| Net income | +44.5% | +10.2% | — | +7.7% |
| EPS (diluted) | +18.3% | +14.6% | +17.9% | +11.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MCK quarterly EPS vs estimates
McKesson beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $10.69).
MCK income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $403.43B | $359.05B | $308.95B | $276.71B | $263.97B | $238.23B | $231.05B | $214.32B | $208.36B | $198.53B |
| Cost of revenue | $388.88B | $346.57B | $296.75B | $264.84B | $251.32B | $226.65B | $219.65B | $203.56B | $197.97B | $187.84B |
| Gross profit | $14.55B | $12.48B | $12.20B | $11.87B | $12.65B | $11.58B | $11.40B | $10.76B | $10.39B | $10.69B |
| Research & development | $103.0M | $91.0M | $77.0M | $89.0M | $70.0M | $74.0M | $96.0M | $71.0M | $125.0M | $341.0M |
| Sales, general & admin | $8.10B | $8.51B | $8.01B | $15.55B | $21.07B | $17.70B | $18.34B | $7.49B | $8.14B | $7.47B |
| Total operating expenses | $8.10B | $8.11B | $8.28B | $7.42B | $9.93B | $8.07B | $8.39B | $7.68B | $7.47B | $7.33B |
| Operating income | $6.45B | $4.37B | $3.93B | $4.45B | $2.72B | $3.51B | $3.01B | $3.08B | $2.92B | $3.36B |
| Interest income | $179.0M | $173.0M | $118.0M | $248.0M | $10.0M | $217.0M | $49.0M | $39.0M | $48.0M | $29.0M |
| Interest expense | $247.0M | $256.0M | $243.0M | $248.0M | $178.0M | $217.0M | $249.0M | $264.0M | $283.0M | $308.0M |
| Income before taxes | $6.20B | $4.36B | $3.79B | $4.63B | $1.93B | −$5.03B | $1.14B | $610.0M | $239.0M | $6.89B |
| Income taxes | $1.10B | $878.0M | $629.0M | $905.0M | $636.0M | −$695.0M | $18.0M | $356.0M | −$53.0M | $1.61B |
| Net income | $4.76B | $3.29B | $3.00B | $3.56B | $1.11B | −$4.54B | $900.0M | $34.0M | $67.0M | $5.18B |
| EBITDA | $7.18B | $5.25B | $4.67B | $5.49B | $2.87B | −$3.93B | $2.31B | $1.82B | $1.47B | $8.11B |
| EPS (diluted) | $39.15 | $33.10 | $27.42 | $25.98 | $23.69 | $17.22 | $14.99 | $13.59 | $12.64 | $12.91 |
| Gross margin | 3.6% | 3.5% | 3.9% | 4.3% | 4.8% | 4.9% | 4.9% | 5.0% | 5.0% | 5.4% |
| Operating margin | 1.6% | 1.2% | 1.3% | 1.6% | 1.0% | 1.5% | 1.3% | 1.4% | 1.4% | 1.7% |
| Net margin | 1.2% | 0.9% | 1.0% | 1.3% | 0.4% | −1.9% | 0.4% | 0.0% | 0.0% | 2.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $105.38B | $96.30B | $106.16B | $103.15B | $97.83B | $90.82B | $95.29B | $93.65B | $79.28B | $76.36B | $80.90B | $77.22B |
| Cost of revenue | $101.69B | $92.25B | $102.47B | $99.61B | $94.55B | $87.90B | $92.07B | $90.50B | $76.33B | $72.89B | $77.87B | $74.32B |
| Gross profit | $3.69B | $4.04B | $3.69B | $3.54B | $3.28B | $2.92B | $3.22B | $3.15B | $2.96B | $3.46B | $3.03B | $2.90B |
| Research & development | — | — | — | — | — | — | — | — | — | $77.0M | — | — |
| Sales, general & admin | $2.26B | $1.80B | $2.03B | $2.07B | $2.20B | $1.98B | $2.03B | $8.90B | $3.90B | $1.06B | $5.01B | $4.18B |
| Total operating expenses | $2.37B | $1.80B | $2.07B | $2.07B | $2.24B | $1.88B | $1.93B | $2.40B | $1.90B | $2.09B | $2.41B | $2.00B |
| Operating income | $1.32B | $2.25B | $1.62B | $1.47B | $1.04B | $1.04B | $1.29B | $745.0M | $1.06B | $1.37B | $623.0M | $898.0M |
| Interest income | — | — | $63.0M | $74.0M | $49.0M | $45.0M | $67.0M | $78.0M | — | — | — | $61.0M |
| Interest expense | $77.0M | $61.0M | $63.0M | $74.0M | $49.0M | $45.0M | $67.0M | $78.0M | $66.0M | $80.0M | $64.0M | $61.0M |
| Income before taxes | $1.31B | $2.12B | $1.63B | $1.40B | $1.05B | $1.51B | $1.23B | $534.0M | $1.08B | $1.17B | $612.0M | $916.0M |
| Income taxes | $276.0M | $270.0M | $380.0M | $232.0M | $220.0M | $209.0M | $298.0M | $247.0M | $124.0M | $340.0M | −$18.0M | $213.0M |
| Net income | $614.0M | $1.68B | $1.19B | $1.11B | $784.0M | $1.26B | $879.0M | $241.0M | $915.0M | $791.0M | $589.0M | $664.0M |
| EBITDA | $1.58B | $2.26B | $1.84B | $1.66B | $1.26B | $1.71B | $1.45B | $775.0M | $1.32B | $1.41B | $835.0M | $1.13B |
| EPS (diluted) | $9.93 | $11.69 | $9.34 | $9.86 | $8.26 | $10.12 | $8.03 | $7.07 | $7.88 | $6.18 | $7.74 | $6.23 |
| Gross margin | 3.5% | 4.2% | 3.5% | 3.4% | 3.4% | 3.2% | 3.4% | 3.4% | 3.7% | 4.5% | 3.7% | 3.8% |
| Operating margin | 1.3% | 2.3% | 1.5% | 1.4% | 1.1% | 1.1% | 1.4% | 0.8% | 1.3% | 1.8% | 0.8% | 1.2% |
| Net margin | 0.6% | 1.7% | 1.1% | 1.1% | 0.8% | 1.4% | 0.9% | 0.3% | 1.2% | 1.0% | 0.7% | 0.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MCK's financial statements (latest annual report filed May 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MCK financial results
In fiscal year 2026 (ended March 31, 2026), McKesson reported revenue of $403.4 billion, up 12.4% from the year before. It had net income of $4.8 billion (up 44.5%), a net profit margin of 1.2%. Diluted earnings per share came to $39.15. Over five years revenue grew at an average rate of 11.1% a year.
See the MCK stock overview for the latest quote and news, or the MCK chart for price history and technical indicators.
MCK income statement FAQ
What is McKesson's annual revenue?
McKesson reported total revenue of $403.4 billion for fiscal year 2026, which ended on March 31, 2026. That was up 12.4% from $359.1 billion the previous year.
Is McKesson profitable?
Yes. McKesson reported net income of $4.8 billion in fiscal 2026, a net profit margin of 1.2%; its operating margin was 1.6%.
What is McKesson's gross margin?
McKesson's gross margin was 3.6% in fiscal 2026: for every $100 of revenue, McKesson kept $4 after the direct cost of its products and services.
How much does McKesson spend on research and development?
McKesson spent $103.0 million on research and development in fiscal 2026, 0.0% of revenue.
How fast is McKesson growing?
Revenue grew 11.1% a year on average over the last five fiscal years, from $238.2 billion to $403.4 billion.
What are McKesson's earnings per share?
McKesson earned $39.15 per diluted share in fiscal 2026, compared with $33.10 a year earlier.
When will McKesson report its next earnings?
McKesson is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does McKesson's fiscal year end?
McKesson's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 8, 2026.