Mckesson (MCK) Gross Margin (2009 - 2026)
Mckesson's (MCK) quarterly Gross Margin came in at 3.5% in Q2 2026, up 15.0% year-over-year from 3.04% in Q2 2025, and down 16.73% quarter-over-quarter from 4.2% in Q1 2026.
Powered by 
Analysis
Mckesson (MCK) Gross Margin (2009 - 2026) Analysis & Trends
Mckesson (MCK) has reported Gross Margin for 18 consecutive years, with 3.5% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 15.0% year-over-year to 3.5% in Q2 2026; TTM through Jun 2026 was 3.64%, a 8.0% increase from a year earlier, with the FY2026 full-year figure at 3.61%, down 10.0% from the prior year.
- Gross Margin was 3.5% for Q2 2026 at Mckesson, down from 4.2% in the prior quarter.
- Over five years, Gross Margin peaked at 5.02% in Q1 2022 and troughed at 3.35% in Q2 2025.
- A 5-year average of 4.02% and a median of 3.99% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin grew 25 bps in 2024 and slumped 69 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 4.5% in 2022, then fell by 13 bps to 3.9% in 2023, then declined by 12 bps to 3.45% in 2024, then gained by 1 bps to 3.47% in 2025, then increased by 1 bps to 3.5% in 2026.
- The last three Gross Margin figures came in at 3.5% (Q2 2026), 4.2% (Q1 2026), and 3.47% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 104.59 Bn | 99.42 Bn | 3.69 Bn | 3.50% |
| 2 | Cencora | 62.07 Bn | 59.25 Bn | 3.61 Bn | 4.26% |
| 3 | Cardinal Health | 55.70 Bn | 50.84 Bn | 2.56 Bn | 4.02% |
| 4 | Henry Schein | 9.91 Bn | 9.75 Bn | 1.10 Bn | 31.84% |
| 5 | ZeroStack | 48.41 Mn | 45.45 Mn | 1.62 Mn | 11.85% |
| 6 | 111 | 30.02 Mn | -24.35 Mn | 18.18 Mn | 5.31% |
| 7 | Guardian Pharmacy Services | 5.58 Mn | -84.23 Mn | 80.04 Mn | 22.75% |
| 8 | Ridgetech | 4.83 Mn | -13.18 Mn | - | - |
| 9 | DataMeds AI | 1.85 Mn | 1.80 Mn | 170,221.00 | 10.91% |
| 10 | MedWellAI | 1.47 Mn | 1.32 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.50% |
| 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% |