Mckesson (MCK) Operating Expenses (2009 - 2026)
Mckesson's (MCK) quarterly Operating Expenses came in at $2.4 billion in Q2 2026, up 5.48% year-over-year from $2.2 billion in Q2 2025, and up 24.92% quarter-over-quarter from $1.9 billion in Q1 2026.
Analysis
Mckesson (MCK) Operating Expenses (2009 - 2026) Analysis & Trends
Mckesson (MCK) has reported Operating Expenses for 18 consecutive years, with $2.4 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 5.48% year-over-year to $2.4 billion in Q2 2026; TTM through Jun 2026 was $8.5 billion, a 6.21% decrease from a year earlier, with the FY2026 full-year figure at $8.3 billion, down 6.33% from the prior year.
- Operating Expenses was $2.4 billion for Q2 2026 at Mckesson, up from $1.9 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.7 billion in Q1 2022 and troughed at $1.9 billion in Q1 2026.
- A 5-year average of $2.2 billion and a median of $2.1 billion in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 38.24% in 2022 and climbed 29.85% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $1.9 billion in 2022, then grew by 29.85% to $2.5 billion in 2023, then declined by 17.93% to $2.1 billion in 2024, then rose by 0.29% to $2.1 billion in 2025, then climbed by 14.52% to $2.4 billion in 2026.
- The last three Operating Expenses figures came in at $2.4 billion (Q2 2026), $1.9 billion (Q1 2026), and $2.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 104.95 Bn | 99.79 Bn | 3.69 Bn | 2.37 Bn |
| 2 | Cencora | 62.50 Bn | 59.69 Bn | 3.61 Bn | 2.28 Bn |
| 3 | Cardinal Health | 56.01 Bn | 51.16 Bn | 2.56 Bn | 1.67 Bn |
| 4 | Henry Schein | 9.96 Bn | 9.81 Bn | 1.10 Bn | 563.00 Mn |
| 5 | ZeroStack | 47.71 Mn | 44.75 Mn | 1.62 Mn | 25.85 Mn |
| 6 | 111 | 30.11 Mn | 113.01 Mn | 18.18 Mn | -345.25 Mn |
| 7 | Guardian Pharmacy Services | 5.46 Mn | -84.35 Mn | 80.04 Mn | 59.40 Mn |
| 8 | Ridgetech | 4.90 Mn | -13.11 Mn | - | - |
| 9 | DataMeds AI | 1.84 Mn | 1.79 Mn | 170,221.00 | 6.19 Mn |
| 10 | MedWellAI | 1.47 Mn | 1.32 Mn | - | 846,615.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.37 Bn |
| Mar 31, 2026 | 1.89 Bn |
| Dec 31, 2025 | 2.07 Bn |
| Sep 30, 2025 | 2.14 Bn |
| Jun 30, 2025 | 2.24 Bn |
| Mar 31, 2025 | 2.05 Bn |
| Dec 31, 2024 | 2.06 Bn |
| Sep 30, 2024 | 2.67 Bn |
| Jun 30, 2024 | 2.12 Bn |
| Mar 31, 2024 | 2.37 Bn |
| Dec 31, 2023 | 2.51 Bn |
| Sep 30, 2023 | 2.12 Bn |
| Jun 30, 2023 | 1.92 Bn |
| Mar 31, 2023 | 2.09 Bn |
| Dec 31, 2022 | 1.93 Bn |
| Sep 30, 2022 | 1.97 Bn |
| Jun 30, 2022 | 1.99 Bn |
| Mar 31, 2022 | 2.69 Bn |
| Dec 31, 2021 | 3.13 Bn |
| Sep 30, 2021 | 2.81 Bn |