MCKESSON CORP (MCK) closed fiscal year 2026 with a gross margin of 3.6 % and a net margin of 1.2 %.
MCKESSON CORP (MCK) closed fiscal year 2026 with a gross margin of 3.6 % and a net margin of 1.2 %. The same year shows an EBITDA margin of 1.7 % and an EBIT margin of 1.5 %. The free cash flow margin was 1.4 %. Against the previous year the gross margin moved −0.1 pp and the net margin +0.3 pp. Across the period the gross margin ranges between 3.6 % in 2026 and 6.4 % in 2015. The series covers 19 fiscal years, from 2008 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: March
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 4.93 % | 5.04 % | 5.22 % | 5.33 % | 5.23 % | 5.63 % | 6.08 % | 6.37 % | 5.98 % | 5.68 % | 5.37 % | 5.48 % | 5.20 % | 5.10 % | 4.97 % | 4.47 % | 4.15 % | 3.71 % | 3.61 % |
| EBITDA margin (%) | 1.82 % | 1.54 % | 2.29 % | 2.07 % | 2.14 % | 2.40 % | 2.31 % | 2.23 % | 2.32 % | 4.05 % | 0.82 % | 0.86 % | 1.48 % | -1.74 % | 1.06 % | 1.80 % | 1.47 % | 1.41 % | 1.72 % |
| EBIT margin (%) | 1.45 % | 1.12 % | 1.85 % | 1.62 % | 1.74 % | 1.92 % | 1.78 % | 1.66 % | 1.86 % | 3.59 % | 0.37 % | 0.41 % | 1.08 % | -2.12 % | 0.77 % | 1.58 % | 1.27 % | 1.23 % | 1.54 % |
| Net margin (%) | 0.97 % | 0.77 % | 1.16 % | 1.07 % | 1.15 % | 1.09 % | 0.92 % | 0.82 % | 1.18 % | 2.55 % | 0.03 % | 0.02 % | 0.39 % | -1.91 % | 0.42 % | 1.29 % | 0.97 % | 0.92 % | 1.18 % |
| FCF margin (%) | 0.66 % | 1.08 % | 1.95 % | 1.88 % | 2.23 % | 1.83 % | 2.08 % | 1.53 % | 1.67 % | 2.19 % | 1.89 % | 1.68 % | 1.74 % | 1.72 % | 1.53 % | 1.72 % | 1.26 % | 1.55 % | 1.42 % |
