Mckesson (MCK) Gross Margin (2009 - 2026)
Mckesson (MCK) recorded Gross Margin of 3.57% in fiscal Q2 2027 (quarter ended Sep 30, 2026), up 0.13 percentage points from 3.43% a year earlier and up 0.07 percentage points from the prior quarter.
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Analysis
Mckesson (MCK) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Mckesson's Gross Margin came in at 3.67% as of Sep 30, 2026, up 0.12 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 3.61%, down 0.10 percentage points from FY2025.
- Annual Gross Margin has declined for seven straight fiscal years, with a five-year change of -1.49 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Gross Margin came in at 3.71% in FY2025 (-0.44 pp), 4.15% in FY2024 (-0.31 pp), 4.47% in FY2023 (-0.51 pp) and 4.97% in FY2022 (-0.13 pp).
- Quarterly Gross Margin has ranged from 3.35% in fiscal Q1 2026 to 5.02% in fiscal Q4 2022 over the past five years.
- On a year-over-year basis, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of -0.16 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 0.25 percentage points in fiscal Q4 2024, against a drop of 0.69 percentage points in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 3.50% (Q1 2027), 4.20% (Q4 2026) and 3.47% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 359.00 Bn | 239.64 Bn | 35.71 Bn | 31.69% |
| 2 | Mckesson | 123.95 Bn | 105.32 Bn | 3.96 Bn | 3.57% |
| 3 | Cvs Health | 111.19 Bn | 59.95 Bn | 47.21 Bn | 43.56% |
| 4 | Elevance Health | 91.22 Bn | -51.36 Bn | 13.65 Bn | 26.54% |
| 5 | Cigna | 78.47 Bn | 47.34 Bn | 15.09 Bn | 20.48% |
| 6 | Cencora | 66.32 Bn | 55.22 Bn | 3.61 Bn | 4.26% |
| 7 | Cardinal Health | 63.37 Bn | 46.54 Bn | 2.60 Bn | 3.85% |
| 8 | Humana | 51.41 Bn | -36.45 Bn | 5.50 Bn | 13.45% |
| 9 | Centene | 33.72 Bn | -60.99 Bn | 9.52 Bn | 18.79% |
| 10 | Molina Healthcare | 10.44 Bn | -24.56 Bn | 1.36 Bn | 12.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.57% |
| 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% |
API Access
Mckesson Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MCK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MCK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MCK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();