Mckesson (MCK) Gross Margin (2009 - 2026)
Mckesson (MCK) posted quarterly Gross Margin of 4.2% for Q1 2026, up 19.0% year-over-year from 3.53% in Q1 2025, and up 20.98% quarter-over-quarter from 3.47% in Q4 2025.
Mckesson (MCK) Gross Margin (2009 - 2026) Analysis & Trends
Mckesson (MCK) has reported Gross Margin for 18 consecutive years, with 4.2% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 19.0% year-over-year to 4.2%; the TTM figure through Mar 2026 stood at 3.61% (down 10.0% YoY), while the FY2026 annual figure was 3.61%, down 10.0% from the prior year.
- Gross Margin improved to 4.2% in Q1 2026 per MCK's latest filing, from 3.47% in the prior quarter.
- Across five years, Gross Margin topped out at 5.02% in Q1 2022 and bottomed at 3.35% in Q2 2025.
- Historically, Gross Margin has averaged 4.05% across 5 years, with a median of 4.01% in 2025.
- Annual changes were most pronounced in 2024 — Gross Margin increased 25 bps — and 2025, when it sank 69 bps.
- Mckesson's Gross Margin stood at 4.5% in 2022, then decreased by 13 bps to 3.9% in 2023, then retreated by 12 bps to 3.45% in 2024, then climbed by 1 bps to 3.47% in 2025, then gained by 21 bps to 4.2% in 2026.
- Business Quant data shows MCK's Gross Margin at 4.2% in Q1 2026, 3.47% in Q4 2025, and 3.43% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 101.82 Bn | 96.65 Bn | 3.69 Bn | 3.50% |
| 2 | Cencora | 61.46 Bn | 58.65 Bn | 3.61 Bn | 4.26% |
| 3 | Cardinal Health | 54.37 Bn | 49.52 Bn | 2.56 Bn | 4.02% |
| 4 | Henry Schein | 10.03 Bn | 9.87 Bn | 1.10 Bn | 31.84% |
| 5 | Akso Health | 820.26 Mn | 820.04 Mn | - | - |
| 6 | Edap Tms | 157.62 Mn | 136.08 Mn | 7.34 Mn | 55.58% |
| 7 | Accendra Health | 97.02 Mn | 89.37 Mn | 263.41 Mn | 42.95% |
| 8 | 111 | 30.87 Mn | 109.39 Mn | 18.18 Mn | 5.31% |
| 9 | Cosmos Health | 13.12 Mn | 10.67 Mn | 1.51 Mn | 7.96% |
| 10 | VitaNova Life Sciences | 11.51 Mn | 9.91 Mn | 264,662.00 | 14.83% |
Historic Data
Download 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% |