Filing Flows › McKesson (MCK) › Q1 FY27
McKesson (MCK) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 5, 2026
McKesson (MCK) reported revenue of $105.4B for the first quarter fiscal 2027 (Q1 FY27), +8% from a year earlier and +9% from the quarter before. Operating margin was 1.3%, net earnings $614M (0.6% of revenue).
McKesson, Q1 FY27: revenue $105.4B (+8% year over year), operating margin 1.3%, net earnings $614M, operating cash flow −$220M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105.4B | +9% | +8% |
| Gross profit | $3.7B | -9% | +12% |
| Operating profit | $1.3B | -39% | +27% |
| Net earnings | $614M | -63% | -22% |
| Operating cash flow | −$220M | -106% | — |
What changed
Revenue was $105.4B in Q1 FY27, up 8% year over year and up 9% from the previous quarter.
Gross margin was 3.5%, up 0.1 points from Q1 FY26. Operating profit was $1.3B, a 1.3% margin (up 0.2 points year over year). Of the extra revenue versus Q1 FY26, 4% reached operating profit, above the 1% margin then. Operating expenses grew 5% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+117%). Net earnings were $0.61B, down 22% year over year. The effective tax rate was 21.1%.
Operating cash flow was −$0.22B. Non-cash charges added back $0.20B of depreciation and amortization. Working capital and other items used $1.4B. Capital expenditures of $0.11B exceeded it, leaving free cash flow of −$0.33B.
Questions
What was McKesson's revenue in the first quarter fiscal 2027?
McKesson (MCK) reported revenue of $105.4B for the first quarter fiscal 2027 (Q1 FY27), +8% from a year earlier and +9% from the quarter before.
Was McKesson profitable in the first quarter fiscal 2027?
Operating profit was $1.3B (1.3% of revenue) and net earnings $614M.
Source: McKesson 10-Q on SEC EDGAR.