Mckesson (MCK) Operating Expenses (2009 - 2026)
Mckesson (MCK) reported Operating Expenses of $2.37 billion for fiscal Q1 2027 (quarter ended Jun 30, 2026), up 5.5% from $2.24 billion a year earlier and up 24.9% from the prior quarter.
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Analysis
Mckesson (MCK) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mckesson's Operating Expenses came in at $8.46 billion, down 6.2% year-over-year; for FY2026 (ended Mar 31, 2026), it came in at $8.34 billion, down 6.3% from FY2025.
- Operating Expenses has a five-year compound annual growth rate of -13.5% (FY2021 to FY2026).
- By fiscal year, Operating Expenses came in at $8.9 billion in FY2025 (-0.2%), $8.92 billion in FY2024 (+11.8%), $7.98 billion in FY2023 (-28.1%) and $11.09 billion in FY2022 (-35.5%).
- The fiscal Q1 2027 figure ranks as the highest quarterly Operating Expenses since fiscal Q2 2025.
- Year over year, Operating Expenses gained in four of the last eight quarters, with an average decline of 2.7%.
- The high point for year-over-year Operating Expenses in five years was fiscal Q3 2024 (growth of 29.8%); the low point was fiscal Q3 2022 (a decline of 70.2%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $1.89 billion (Q4 2026), $2.07 billion (Q3 2026) and $2.14 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 332.42 Bn | 217.05 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | 2.37 Bn |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 48.54 Bn |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | 68.99 Bn |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 2.28 Bn |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | 1.67 Bn |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 39.51 Bn |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | 52.38 Bn |
| 10 | Molina Healthcare | 9.83 Bn | -25.04 Bn | 1.43 Bn | 10.73 Bn |
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 |
API Access
Mckesson Operating Expenses 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=operating-expenses&ticker=MCK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=MCK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();