Mckesson (MCK) Operating Margin (2009 - 2026)
Mckesson (MCK) posted Operating Margin of 1.45% for fiscal Q2 2027 (quarter ended Sep 30, 2026), up 0.08 percentage points from 1.36% a year earlier and up 0.19 percentage points from the prior quarter.
Mckesson (MCK) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at Mckesson was 1.60%, up 0.24 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 1.54%, up 0.31 percentage points from FY2025.
- Annual Operating Margin shows a five-year change of +3.66 percentage points (FY2021 to FY2026).
- In prior fiscal years, Mckesson's Operating Margin was 1.23% in FY2025 (-0.03 pp), 1.27% in FY2024 (-0.32 pp), 1.58% in FY2023 (+0.81 pp) and 0.77% in FY2022 (+2.89 pp).
- Quarterly Operating Margin has run from a low of 0.43% in fiscal Q3 2022 to a high of 2.23% in fiscal Q4 2026 over five years.
- On a year-over-year basis, Operating Margin has increased in each of the last five quarters, with an average year-over-year change of +0.27 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was fiscal Q3 2022, with a gain of 12.19 percentage points; the weakest was fiscal Q3 2024, with a drop of 0.97 percentage points.
- According to Business Quant data, Operating Margin for the three prior fiscal quarters was 1.25% (Q1 2027), 2.23% (Q4 2026) and 1.53% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 356.05 Bn | 236.68 Bn | 35.71 Bn | 5.82% |
| 2 | Mckesson | 123.13 Bn | 104.51 Bn | 3.96 Bn | 1.45% |
| 3 | Cvs Health | 109.04 Bn | 57.80 Bn | 47.21 Bn | 3.29% |
| 4 | Elevance Health | 90.56 Bn | -52.02 Bn | 13.65 Bn | 4.18% |
| 5 | Cigna | 77.41 Bn | 46.27 Bn | 15.09 Bn | 3.25% |
| 6 | Cencora | 66.63 Bn | 55.53 Bn | 3.61 Bn | 1.32% |
| 7 | Cardinal Health | 63.51 Bn | 46.67 Bn | 2.60 Bn | 1.12% |
| 8 | Humana | 50.79 Bn | -37.07 Bn | 5.50 Bn | 3.33% |
| 9 | Centene | 33.94 Bn | -60.76 Bn | 9.52 Bn | -0.61% |
| 10 | Molina Healthcare | 10.37 Bn | -24.63 Bn | 1.36 Bn | 0.96% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.45% |
| Jun 30, 2026 | 1.25% |
| Mar 31, 2026 | 2.23% |
| Dec 31, 2025 | 1.53% |
| Sep 30, 2025 | 1.36% |
| Jun 30, 2025 | 1.06% |
| Mar 31, 2025 | 1.75% |
| Dec 31, 2024 | 1.28% |
| Sep 30, 2024 | 0.62% |
| Jun 30, 2024 | 1.30% |
| Mar 31, 2024 | 1.59% |
| Dec 31, 2023 | 0.79% |
| Sep 30, 2023 | 1.23% |
| Jun 30, 2023 | 1.48% |
| Mar 31, 2023 | 1.42% |
| Dec 31, 2022 | 1.76% |
| Sep 30, 2022 | 1.60% |
| Jun 30, 2022 | 1.54% |
| Mar 31, 2022 | 0.96% |
| Dec 31, 2021 | 0.43% |
Mckesson Operating 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=operating-margin&ticker=MCK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MCK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();