Mckesson (MCK) Gross Margin (2009 - 2026)
Mckesson (MCK) recorded Gross Margin of 3.50% in fiscal Q1 2027 (quarter ended Jun 30, 2026), up 0.15 percentage points from 3.35% a year earlier but down 0.70 percentage points from the prior quarter.
Mckesson (MCK) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Mckesson's Gross Margin came in at 3.64% as of Jun 30, 2026, up 0.08 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 5.03% in fiscal Q2 2022 over the past five years.
- On a year-over-year basis, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of -0.24 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 4.20% (Q4 2026), 3.47% (Q3 2026) and 3.43% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 332.42 Bn | 217.05 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 44.52% |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | 3.50% |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 26.65% |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | 20.88% |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 4.26% |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | 4.02% |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 13.45% |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | 27.16% |
| 10 | Molina Healthcare | 9.83 Bn | -25.04 Bn | 1.43 Bn | 13.19% |
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% |
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();