McKesson Corporation

MCK Healthcare Medical Distribution

McKesson Corporation’s revenue for fiscal 2026 (year ended March 2026) was $403.4 billion, up 12.4% from fiscal 2025.

Revenue
+7.57%
EPS
+17.0%
Free cash flow
+32.5%
Total debt
+7.08%

Quarter to September 2026, against a year earlier

1,074.06 4.62 +0.43%
Market cap
$125.0B
P/E
27.5×
Fwd P/E
25.4×
Dividend yield
0.32%
F-score
7/9
Altman Z
6.15
Beneish M
−2.34
Dividend safety
86/100

McKesson Corporation (MCK) Operating margin

Alert me on Operating margin

McKesson Corporation's operating margin over the twelve months to 30 September 2026 was 1.60%, up 0.1 percentage points from fiscal 2026 (1.54%). Over the past ten years it has ranged from −2.12% (fiscal 2021) to 3.59% (fiscal 2017); the current reading is higher than 67% of that period. That is above the Medical Distribution industry median of 0.00% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 1.54% 0.31
FY2025 1.23% (0.04)
FY2024 1.27% (0.31)
FY2023 1.58% 0.81
FY2022 0.77% 2.89
FY2021 −2.12% (3.20)
FY2020 1.08% 0.67
FY2019 0.41% 0.04
FY2018 0.37% (3.22)
FY2017 3.59% 1.73

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 1.45% 0.20
Jun 2026 1.25% (0.98)
Mar 2026 2.23% 0.70
Dec 2025 1.53% 0.17
43 more quarters

Against its own ten years

Low −2.12% High 3.59%
Ten-year median 1.25%
Current reading's percentile 84

Operating margin against peers

Company Operating margin
HSIC Henry Schein, Inc. compare 5.16%
MCK McKesson Corporation 1.60%
COR Cencora, Inc. compare 1.16%
ACH Accendra Health, Inc. compare 1.11%
CAH Cardinal Health, Inc. compare 1.05%
AHG Akso Health Group Sponsored ADR compare 0.00%
YI 111, Inc. Sponsored ADR compare −0.20%
COSM Cosmos Health Inc. compare −24.9%
FOCL FocalTherics compare −34.9%
Medical Distribution industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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