Financials · MCK

McKesson Corporation (MCK) financials

For the twelve months ended Sep 30, 2026, McKesson Corporation reported $418.79B of revenue and $4.70B of net income.

Revenue, TTM
$418.79B
Revenue growth, YoY
+8.2%
Net income, TTM
$4.70B
Net income growth, YoY
+16.5%
Net margin
1.1%
Free cash flow, TTM
$7.11B
EPS, diluted, TTM
$38.80
EPS growth, YoY
+21.2%
Cash
$6.53B
Total debt
$8.41B
P/E
27.09
P/S
0.30
Market cap
$127.33B
Annual revenue$403.43B
FY2017FY2026
Annual net income$4.76B
FY2017FY2026
Annual free cash flow$5.72B
FY2017FY2026

MCK revenue and earnings growth

MCK revenueQ2 2027$110.96B

Quarter YoY
+7.6%
QoQ
+5.3%
FY YoY
+12.4%
5Y CAGR
+11.1%
10Y CAGR
+7.8%

MCK revenue was $110.96B in fiscal Q2 2027 (ended Sep 30, 2026), up 7.6% from a year earlier and up 5.3% from the prior quarter. For the full fiscal 2026 it was $403.43B, up 12.4% from fiscal 2025. Compound annual growth was +11.1% over 5 years and +7.8% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

MCK net incomeQ2 2027$1.22B

Quarter YoY
+9.7%
QoQ
+98.4%
FY YoY
+44.5%
10Y CAGR
+7.7%

MCK net income was $1.22B in fiscal Q2 2027 (ended Sep 30, 2026), up 9.7% from a year earlier and up 98.4% from the prior quarter. For the full fiscal 2026 it was $4.76B, up 44.5% from fiscal 2025. Compound annual growth was +7.7% over 10 years. It rose in 3 of the last 4 fiscal years.

MCK EPSQ2 2027$10.44

Quarter YoY
+17.0%
QoQ
+102.7%
FY YoY
+49.2%
10Y CAGR
+14.7%

MCK diluted EPS was $10.44 in fiscal Q2 2027 (ended Sep 30, 2026), up 17.0% from a year earlier and up 102.7% from the prior quarter. For the full fiscal 2026 it was $38.38, up 49.2% from fiscal 2025. Compound annual growth was +14.7% over 10 years.

MCK free cash flowQ2 2027$3.00B

Quarter YoY
+29.9%
FY YoY
+3.1%
5Y CAGR
+6.9%
10Y CAGR
+6.0%

MCK free cash flow was $3.00B in fiscal Q2 2027 (ended Sep 30, 2026), up 29.9% from a year earlier. For the full fiscal 2026 it was $5.72B, up 3.1% from fiscal 2025. Compound annual growth was +6.9% over 5 years and +6.0% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
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$345.73B$296.12B$264.35B$250.84B$226.08B$219.03B$202.56B$197.17B$187.26B
Gross profit$14.55B$13.32B$12.83B$12.36B$13.13B$12.15B$12.02B$11.75B$11.18B$11.27B
Research and development------$96.00M$71.00M$125.00M$341.00M
Selling, general and admin$8.10B$8.51B$8.66B$7.78B$10.54B$8.85B$9.18B$8.44B$8.14B$7.45B
Operating income$6.21B$4.42B$3.91B$4.38B$2.04B-$5.04B$2.49B$886.00M$762.00M$7.12B
Interest expense$247.00M$265.00M$252.00M$248.00M$178.00M$217.00M$249.00M$264.00M$283.00M-
Pre-tax income$6.20B$4.36B$3.79B$4.63B$1.93B-$5.03B$1.14B$610.00M$239.00M$6.89B
Income tax$1.10B$878.00M$629.00M$905.00M$636.00M-$695.00M$18.00M$356.00M-$53.00M$1.61B
Net income$4.76B$3.29B$3.00B$3.56B$1.11B-$4.54B$900.00M$34.00M$67.00M$5.07B
EPS, basic$38.55$25.86$22.54$25.23$7.32-$28.26$4.98$0.17$0.32$22.95
EPS, diluted$38.38$25.72$22.39$25.03$7.23-$28.26$4.95$0.17$0.32$22.73
Diluted shares124.1M128.1M134.1M142.2M154.1M160.6M181.6M197.3M209.0M223.0M

Balance sheet

Balance sheet
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Cash and equivalents$3.98B$5.96B$4.58B$4.68B$3.94B$6.40B$4.02B$2.98B$2.67B$4.25B
Receivables$27.98B$25.64B$21.62B$19.41B$18.58B$19.18B$19.95B$18.25B$17.71B$18.21B
Inventory$24.21B$23.00B$21.14B$19.69B$18.70B$19.25B$16.73B$16.71B$16.31B$15.28B
Current assets$57.21B$55.40B$47.97B$44.29B$46.23B$45.38B$42.22B$38.47B$37.14B$36.95B
Goodwill$11.32B$10.02B$10.13B$9.95B$9.45B$9.49B$9.36B$9.36B$10.92B$10.59B
Total assets$82.32B$75.14B$67.44B$62.32B$63.30B$65.02B$61.25B$59.67B$60.38B$60.97B
Current liabilities$67.02B$61.60B$52.36B$47.96B$48.47B$44.10B$42.62B$37.63B$36.69B$35.61B
Short-term debt--$0$0$0$0$0$330.00M$1.13B$183.00M
Long-term debt$5.26B$4.46B$5.58B$4.63B$5.08B$6.41B$6.33B$7.26B$6.75B$7.30B
Total debt$5.26B$4.46B$5.58B$4.63B$5.08B$6.41B$6.33B$7.59B$7.88B$7.49B
Total liabilities$84.10B$76.83B$69.04B$63.81B$65.09B$64.84B$55.94B$51.38B$50.32B$49.70B
Shareholders' equity-$2.17B-$1.69B-$1.60B-$1.49B-$1.79B$175.00M$5.31B$8.29B$10.06B$11.27B

Cash flow

Cash flow
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Operating cash flow$6.16B$6.08B$4.31B$5.16B$4.43B$4.54B$4.37B$4.04B$4.34B$4.74B
Capital expenditures$436.00M$537.00M$431.00M$390.00M$388.00M$451.00M$362.00M$426.00M$405.00M$404.00M
Free cash flow$5.72B$5.55B$3.88B$4.77B$4.05B$4.09B$4.01B$3.61B$3.94B$4.34B
Investing cash flow-$3.43B-$733.00M-$1.07B-$542.00M-$89.00M-$415.00M-$579.00M-$1.38B-$2.99B-$3.27B
Financing cash flow-$4.63B-$3.96B-$3.34B-$4.37B-$6.32B-$1.69B-$2.73B-$2.23B-$3.08B-$2.07B
Dividends paid$381.00M$345.00M$314.00M$292.00M$277.00M$276.00M$294.00M$292.00M$262.00M$253.00M
Share repurchases$4.75B$3.15B$3.02B$3.64B$3.52B$742.00M$1.93B$1.64B$1.71B$2.31B
Stock-based compensation--------$69.00M$115.00M
Depreciation and amortization$287.00M$272.00M$279.00M$272.00M$312.00M$344.00M$335.00M$317.00M$951.00M$910.00M

Key ratios

Key ratios
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Revenue growth, YoY12.4%16.2%11.7%4.8%10.8%3.1%7.8%2.9%4.9%4.0%
Net income growth, YoY44.5%9.8%-15.7%219.6%--2547.1%-49.3%-98.7%124.5%
EPS growth, YoY49.2%14.9%-10.5%246.2%--2811.8%-46.9%-98.6%134.3%
Gross margin3.6%3.7%4.2%4.5%5.0%5.1%5.2%5.5%5.4%5.7%
Operating margin1.5%1.2%1.3%1.6%0.8%-2.1%1.1%0.4%0.4%3.6%
Net margin1.2%0.9%1.0%1.3%0.4%-1.9%0.4%0.0%0.0%2.6%
Free cash flow margin1.4%1.5%1.3%1.7%1.5%1.7%1.7%1.7%1.9%2.2%
Return on equity------2593.7%17.0%0.4%0.7%45.0%
Return on assets5.8%4.4%4.5%5.7%1.8%-7.0%1.5%0.1%0.1%8.3%
Current ratio0.850.900.920.920.951.030.991.021.011.04
Debt to equity-----36.611.190.920.780.66

Source: XBRL data McKesson Corporation files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MCK peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MCK$418.79B+8.2%$4.70B1.1%$127.33B
HSIC$13.73B+6.2%$421.00M3.1%$9.53B
CAH$254.25B+14.2%$1.71B0.7%$64.97B
COR$332.77B+5.1%$2.62B0.8%$68.51B
CVS$420.61B+6.7%$11.07B2.6%$114.32B

MCK FAQ

9 questions
  • What is MCK revenue?
    McKesson Corporation (MCK) reported $418.79B of revenue for the twelve months ended Sep 30, 2026. That is up 8.2% from the year before. Revenue for fiscal 2026 was $403.43B.
  • Is MCK profitable?
    Yes. McKesson Corporation earned $4.70B in net income for the twelve months ended Sep 30, 2026, a net margin of 1.1%.
  • How much cash and debt does MCK have?
    McKesson Corporation reported $6.53B in cash and cash equivalents and $8.41B of debt on its most recent balance sheet in SEC filings.
  • How fast is MCK revenue growing?
    McKesson Corporation's revenue changed +12.4% in fiscal 2026, to $403.43B. Its compound annual growth rate was +11.1% over 5 years and +7.8% over 10 years.
  • What is MCK gross margin?
    McKesson Corporation's gross profit was $15.37B on $418.79B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 3.7%.
  • What is MCK free cash flow?
    McKesson Corporation generated $7.11B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $7.50B less capital expenditures.
  • What is MCK earnings per share?
    Diluted earnings per share were $38.80 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MCK last report financial results?
    The latest statements here come from McKesson Corporation's 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this MCK financial data come from?
    Quantisnow builds these statements from the structured XBRL data McKesson Corporation files with the SEC. It is provided for information only and is not investment advice.