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McKesson (MCK) operating margin by quarter

McKesson's operating margin was 1.4% in Q2 FY27 (second quarter fiscal 2027), +0.2 pts from Q1 FY27. Over the last 7 quarters it ranged from 1.1% (Q1 FY26) to 2.2% (Q4 FY26).

McKesson operating margin by quarterMcKesson operating margin by quarter1.8%Q4 FY251.1%Q1 FY261.4%Q2 FY261.5%Q3 FY262.2%Q4 FY261.3%Q1 FY271.4%Q2 FY27
QuarterOperating marginQ/QY/Y
Q2 FY271.4%+0.2 pts+0.1 pts
Q1 FY271.3%-1.0 pts+0.2 pts
Q4 FY262.2%+0.7 pts+0.5 pts
Q3 FY261.5%+0.2 pts—
Q2 FY261.4%+0.3 pts—
Q1 FY261.1%-0.7 pts—
Q4 FY251.8%——

Q2 FY27 at a glance

McKesson, Q2 FY27: revenue $111.0B (+8% year over year), operating margin 1.4%, net earnings $1.2B, operating cash flow $3.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is McKesson's operating margin?

McKesson's operating margin was 1.4% in Q2 FY27 (second quarter fiscal 2027), +0.2 pts from Q1 FY27.

How has McKesson's operating margin changed?

Over the last 7 quarters it ranged from 1.1% (Q1 FY26) to 2.2% (Q4 FY26).

Q2 FY27 results → · How McKesson makes money →