Mckesson (MCK) Gross Margin (2009 - 2026)
Mckesson's (MCK) quarterly Gross Margin came in at 4.2% in Q1 2026, up 19.0% year-on-year from 3.53% in Q1 2025, and up 20.98% on a QoQ basis from 3.47% in Q4 2025.
Mckesson (MCK) Gross Margin (2009 - 2026) Analysis & Trends
Mckesson (MCK) has 18 years of Gross Margin data on file, last reported at 4.2% in Q1 2026.
- On a quarterly basis, Gross Margin rose 19.0% year-over-year to 4.2% in Q1 2026; TTM through Mar 2026 was 3.61%, a 10.0% decrease from a year earlier, with the FY2026 full-year figure at 3.61%, down 10.0% from the prior year.
- Gross Margin for Q1 2026 stood at 4.2%, up from 3.47% in the prior quarter.
- Over the last five years, Gross Margin for MCK reached as high as 5.02% in Q1 2022 and fell as low as 3.35% in Q2 2025.
- Historically, Gross Margin has averaged 4.05% across 5 years, with a median of 4.01% in 2025.
- Across the five-year window, Gross Margin climbed 25 bps in 2024 and tumbled 69 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 4.5% in 2022, then dropped by 13 bps to 3.9% in 2023, then slipped by 12 bps to 3.45% in 2024, then increased by 1 bps to 3.47% in 2025, then climbed by 21 bps to 4.2% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 4.2% in Q1 2026, 3.47% in Q4 2025, and 3.43% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 105.15 Bn | 101.18 Bn | 4.04 Bn | 4.20% |
| 2 | Cencora | 60.58 Bn | 58.40 Bn | 3.59 Bn | 4.58% |
| 3 | Cardinal Health | 53.81 Bn | 49.87 Bn | 2.50 Bn | 4.10% |
| 4 | Henry Schein | 9.71 Bn | 9.57 Bn | 1.07 Bn | 31.77% |
| 5 | Akso Health | 3.28 Bn | 3.28 Bn | - | - |
| 6 | 111 | 651.73 Mn | 572.63 Mn | 23.58 Mn | 5.85% |
| 7 | Accendra Health | 248.02 Mn | -88.86 Mn | 278.03 Mn | 44.29% |
| 8 | Edap Tms | 230.14 Mn | 215.14 Mn | 8.15 Mn | 45.73% |
| 9 | VitaNova Life Sciences | 11.51 Mn | 11.01 Mn | 316,343.00 | 44.58% |
| 10 | Cosmos Health | 9.57 Mn | 7.41 Mn | 1.38 Mn | 7.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.20% |
| Dec 31, 2025 | 3.47% |
| Sep 30, 2025 | 3.43% |
| Jun 30, 2025 | 3.35% |
| Mar 31, 2025 | 4.01% |
| Dec 31, 2024 | 3.45% |
| Sep 30, 2024 | 3.47% |
| Jun 30, 2024 | 3.98% |
| Mar 31, 2024 | 4.70% |
| Dec 31, 2023 | 3.90% |
| Sep 30, 2023 | 3.97% |
| Jun 30, 2023 | 4.06% |
| Mar 31, 2023 | 4.45% |
| Dec 31, 2022 | 4.50% |
| Sep 30, 2022 | 4.41% |
| Jun 30, 2022 | 4.50% |
| Mar 31, 2022 | 5.02% |
| Dec 31, 2021 | 5.00% |
| Sep 30, 2021 | 5.03% |
| Jun 30, 2021 | 4.84% |