MCKESSON CORP
Business
McKesson Corporation is a diversified healthcare distributor providing branded, generic, specialty, and over-the-counter pharmaceutical drugs, medical-surgical supplies, and related products across North America. The company operates four reportable segments: North American Pharmaceutical (U.S. and Canadian distribution and pharmacy solutions), Oncology & Multispecialty (specialty drug distribution and clinical services), Prescription Technology Solutions (medication-access platforms), and Medical-Surgical Solutions (supplies for non-acute settings). McKesson serves pharmacies, hospitals, healthcare providers, manufacturers, and patients.
Summary from 10-K filed 2026-05-08
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Revenues | 403,430 | 359,051 | 308,951 | 276,711 | 263,966 | |
| Cost of sales | −388,880 | −345,728 | −296,123 | −264,353 | −250,836 | |
| Gross profit | 14,550 | 13,323 | 12,828 | 12,358 | 13,130 | |
| Selling, distribution, general, and administrative expenses | −8,096 | −8,507 | −8,657 | −7,776 | −10,537 | |
| Claims and litigation charges, net | 3 | −108 | −147 | 8 | −274 | |
| Restructuring, impairment, and related charges, net | −245 | −286 | −115 | −209 | −281 | |
| Total operating expenses | −8,338 | −8,901 | −8,919 | −7,977 | −11,092 | |
| Operating income | 6,212 | 4,422 | 3,909 | 4,381 | 2,038 | |
| Other income, net | 236 | 202 | 132 | 497 | 259 | |
| Interest expense | −247 | −265 | −252 | −248 | — | |
| Income before income taxes | 6,201 | 4,359 | 3,789 | — | — | |
| Income tax expense | −1,102 | −878 | −629 | −905 | −636 | |
| Net income | 5,099 | 3,481 | 3,160 | 3,722 | 1,287 | |
| Net income attributable to noncontrolling interests | −337 | −186 | −158 | −162 | −173 | |
| Net income attributable to McKesson Corporation | 4,762 | 3,295 | 3,002 | 3,560 | 1,114 | |
| Diluted (in dollars per share) | 38.38 | 25.72 | 22.39 | 25.03 | 7.23 | |
| Basic (in dollars per share) | 38.55 | 25.86 | 22.54 | 25.23 | 7.32 | |
| Diluted (in shares) | 124 | 128 | 134 | 142 | 154 | |
| Basic (in shares) | 124 | 127 | 133 | 141 | 152 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3,975 | 5,691 | 4,583 | 4,678 | 3,532 | |
| Receivables, net | 27,985 | 25,643 | 21,622 | 19,410 | 18,583 | |
| Inventories, net | 24,200 | 23,000 | 21,100 | 19,700 | 18,700 | |
| Prepaid expenses and other | 1,043 | 1,063 | 626 | 513 | 898 | |
| Total current assets | 57,210 | 55,398 | 47,970 | 44,292 | 46,231 | |
| Property, plant, and equipment, net | 2,668 | 2,502 | 2,316 | 2,177 | 2,092 | |
| Operating lease right-of-use assets | 2,058 | 1,782 | 1,729 | 1,635 | 1,548 | |
| Goodwill | 11,316 | 10,022 | 10,132 | 9,947 | 9,451 | |
| Intangible assets, net | 4,079 | 1,464 | 2,110 | 2,277 | 2,059 | |
| Other non-current assets | 4,992 | 3,972 | 3,186 | 1,992 | 1,917 | |
| Total assets | 82,323 | 75,140 | 67,443 | 62,320 | 63,298 | |
| Drafts and accounts payable | 59,973 | 55,330 | 47,097 | 42,490 | 38,086 | |
| Current portion of long-term debt | 1,300 | 1,200 | 50 | 968 | 799 | |
| Current portion of operating lease liabilities | 287 | 258 | 295 | 299 | 297 | |
| Other accrued liabilities | 5,490 | 4,825 | 4,915 | 4,200 | 4,543 | |
| Total current liabilities | 67,017 | 61,604 | 52,357 | 47,957 | 48,466 | |
| Long-term debt | 5,259 | 4,463 | 5,579 | 4,626 | 5,080 | |
| Long-term deferred tax liabilities | 1,330 | 1,029 | 917 | 1,387 | 1,418 | |
| Long-term operating lease liabilities | 1,801 | 1,478 | 1,466 | 1,402 | 1,366 | |
| Long-term litigation liabilities | 5,091 | 5,601 | 6,113 | 6,625 | 7,220 | |
| Other non-current liabilities | 2,659 | 2,659 | 2,610 | 1,813 | 1,540 | |
| Commitments and contingent liabilities (Note 17) | — | — | — | — | — | |
| Redeemable noncontrolling interests | 943 | 0 | — | — | 0 | |
| Preferred stock, $0.01 par value, 100 shares authorized, no shares issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value, 800 shares authorized, 280 and 279 shares issued at March 31, 2026 and 2025, respectively | 3 | 3 | 3 | 3 | 2 | |
| Additional paid-in capital | 8,284 | 8,373 | 8,048 | 7,747 | 7,275 | |
| Retained earnings | 22,291 | 17,921 | 14,978 | 12,295 | 9,030 | |
| Accumulated other comprehensive loss | −745 | −932 | −881 | −905 | −1,534 | |
| Treasury shares, at cost, 160 and 154 shares at March 31, 2026 and 2025, respectively | −32,005 | −27,439 | −24,119 | −20,997 | −17,045 | |
| Total McKesson Corporation stockholders deficit | −2,172 | −2,074 | −1,971 | −1,857 | −2,272 | |
| Noncontrolling interests | 395 | 380 | 372 | 367 | 480 | |
| Total deficit | −1,777 | −1,694 | −1,599 | −1,490 | −1,792 | |
| Total liabilities, redeemable noncontrolling interests, and deficit | 82,323 | 75,140 | 67,443 | 62,320 | 63,298 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Depreciation | 256 | 242 | 253 | 248 | 279 | |
| Amortization | 473 | 394 | 382 | 360 | 481 | |
| Long-lived asset impairment charges | 55 | 98 | 43 | 72 | 175 | |
| Deferred taxes | 230 | −110 | −603 | −20 | 34 | |
| Charges (credits) associated with last-in, first-out inventory method | −210 | 82 | −157 | 1 | −23 | |
| Non-cash operating lease expense | 261 | 245 | 228 | 249 | 241 | |
| Loss (gain) from sales of businesses and investments | −573 | 485 | −17 | −211 | −132 | |
| Provision for bad debts | 100 | −130 | 819 | 45 | 29 | |
| Other non-cash items | 302 | 424 | 233 | 253 | 472 | |
| Receivables | −1,999 | −3,935 | −2,954 | −1,082 | −1,843 | |
| Inventories | −1,082 | −2,270 | −1,294 | −1,259 | −1,169 | |
| Drafts and accounts payable | 4,317 | 8,301 | 4,587 | 3,788 | 2,802 | |
| Operating lease liabilities | −270 | −404 | −339 | −338 | −356 | |
| Taxes | −339 | −136 | 331 | 363 | 243 | |
| Litigation liabilities | −684 | −401 | −395 | −1,088 | 199 | |
| Other | 219 | −281 | 37 | 56 | 206 | |
| Net cash provided by operating activities | 6,155 | 6,085 | 4,314 | 5,159 | 4,434 | |
| Payments for property, plant, and equipment | −436 | −537 | −431 | −390 | −388 | |
| Capitalized software expenditures | −309 | −322 | −256 | −168 | −147 | |
| Acquisitions, net of cash, cash equivalents, and restricted cash acquired | −3,416 | −24 | −272 | −867 | −6 | |
| Proceeds from sales of businesses and investments, net | 830 | 179 | 47 | 1,077 | 578 | |
| Other | −101 | −29 | −160 | −194 | −126 | |
| Net cash used in investing activities | −3,432 | −733 | −1,072 | −542 | −89 | |
| Proceeds from short-term borrowings | 9,247 | 15,086 | 19,964 | 8,450 | 11,192 | |
| Repayments of short-term borrowings | −9,247 | −15,086 | −19,964 | −8,450 | −11,192 | |
| Proceeds from issuances of long-term debt | 1,990 | 498 | 991 | 997 | 498 | |
| Repayments of long-term debt | −1,207 | −519 | −288 | −1,274 | −1,648 | |
| Purchase of U.S. government obligations for the satisfaction and discharge of long-term debt | 0 | 0 | −647 | 0 | 0 | |
| Issuances | 89 | 101 | 116 | 163 | 220 | |
| Share repurchases | −4,750 | −3,146 | −3,025 | −3,638 | −3,516 | |
| Dividends paid | −381 | −345 | −314 | −292 | −277 | |
| Other | −372 | −554 | −175 | −324 | −383 | |
| Net cash used in financing activities | −4,631 | −3,965 | −3,342 | −4,368 | −6,321 | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 20 | −16 | 6 | 25 | 55 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | −1,888 | 1,371 | −94 | 744 | −2,461 | |
| Interest, net | 212 | 273 | 234 | 224 | 186 | |
| Income taxes, net of refunds | 1,211 | 1,124 | 901 | 562 | 359 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MCKESSON CORP's CIK number?
MCKESSON CORP's SEC CIK number is 0000927653 (927653). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MCKESSON CORP's SEC filings?
All of MCKESSON CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MCKESSON CORP last report earnings?
MCKESSON CORP (MCK) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000927653-26-000066). This is MCKESSON CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is MCKESSON CORP's most recent earnings 8-K?
MCKESSON CORP's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0000927653-26-000066. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MCKESSON CORP's latest earnings 8-K →
Look up any company's CIK number →