MCKESSON CORP Earnings Per Share Disclosure
| Years Ended March 31, | |||||||||||||||||
| (In millions, except per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||
| Income from continuing operations | $ | 3,481 | $ | 3,160 | $ | 3,725 | |||||||||||
| Net income attributable to noncontrolling interests | (186) | (158) | (162) | ||||||||||||||
| Income from continuing operations attributable to McKesson Corporation | 3,295 | 3,002 | 3,563 | ||||||||||||||
| Loss from discontinued operations, net of tax | — | — | (3) | ||||||||||||||
| Net income attributable to McKesson Corporation | $ | 3,295 | $ | 3,002 | $ | 3,560 | |||||||||||
| Weighted-average common shares outstanding: | |||||||||||||||||
| Basic | 127.4 | 133.2 | 141.1 | ||||||||||||||
| Effect of dilutive securities: | |||||||||||||||||
| Stock options | — | 0.2 | 0.2 | ||||||||||||||
Restricted stock units (1) | 0.7 | 0.7 | 0.9 | ||||||||||||||
| Diluted | 128.1 | 134.1 | 142.2 | ||||||||||||||
Earnings (loss) per common share attributable to McKesson Corporation: (2) | |||||||||||||||||
| Diluted | |||||||||||||||||
| Continuing operations | $ | 25.72 | $ | 22.39 | $ | 25.05 | |||||||||||
| Discontinued operations | — | — | (0.02) | ||||||||||||||
| Total | $ | 25.72 | $ | 22.39 | $ | 25.03 | |||||||||||
| Basic | |||||||||||||||||
| Continuing operations | $ | 25.86 | $ | 22.54 | $ | 25.25 | |||||||||||
| Discontinued operations | — | — | (0.02) | ||||||||||||||
| Total | $ | 25.86 | $ | 22.54 | $ | 25.23 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | May 9, 2025 | Showing above |
| 2019 | May 15, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.