Filing Flows › McKesson (MCK) › Q1 FY27 › vs Q4 FY26
McKesson (MCK) Q1 FY27 vs Q4 FY26 (quarter over quarter)
McKesson's revenue rose $9.1B (+9%) from $96.3B in Q4 FY26 to $105.4B in Q1 FY27. Gross margin 3.5% against 4.2% (-0.7 pts).
McKesson, Q1 FY27: revenue $105.4B (+8% year over year), operating margin 1.3%, net earnings $614M, operating cash flow −$220M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 3.5% | 4.2% | -0.7 pts |
| Operating margin | 1.3% | 2.2% | -1.0 pts |
| Net margin | 0.6% | 1.7% | -1.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $105.4B | $96.3B | $9.1B | +9% |
| Gross profit | $3.7B | $4.0B | −$359M | -9% |
| Cost of revenue | $101.7B | $92.3B | $9.4B | +10% |
| Operating profit | $1.3B | $2.1B | −$831M | -39% |
| Operating expenses | $2.4B | $1.9B | $472M | +25% |
| Pre-tax earnings | $1.3B | $2.1B | −$817M | -38% |
| SG&A | $2.3B | $1.8B | $468M | +26% |
| Other operating costs | $102M | $98.0M | $4.0M | +4% |
| Net earnings | $614M | $1.7B | −$1.1B | -63% |
| Minority interests | $418M | $173M | $245M | +142% |
| Income tax | $276M | $270M | $6.0M | +2% |
| Operating cash sources | $1.0B | −$1.5B | $2.6B | — |
| Depreciation & amortization | $195M | $196M | −$1.0M | -0.5% |
| Cash used in operations | $220M | −$3.4B | $3.6B | — |
| Working capital & other | $1.0B | −$1.5B | $2.6B | — |
Questions
How much did McKesson's revenue grow quarter over quarter in Q1 FY27?
McKesson's revenue rose $9.1B (+9%) from $96.3B in Q4 FY26 to $105.4B in Q1 FY27. Gross margin 3.5% against 4.2% (-0.7 pts).