Filing Flows › McKesson (MCK) › Q4 FY25
McKesson (MCK) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed May 9, 2025
McKesson (MCK) reported revenue of $90.8B for the fourth quarter fiscal 2025 (Q4 FY25), +19% from a year earlier and -5% from the quarter before. Operating margin was 1.8%, net earnings $1.3B (1.4% of revenue).
McKesson, Q4 FY25: revenue $90.8B (+19% year over year), operating margin 1.8%, net earnings $1.3B, operating cash flow $7.7B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $90.8B | -5% | +19% |
| Gross profit | $3.6B | +11% | +2% |
| Operating profit | $1.6B | +30% | +31% |
| Net earnings | $1.3B | +41% | +57% |
| Operating cash flow | $7.7B | — | +87% |
| Free cash flow | $7.6B | — | +91% |
What changed
Revenue was $90.8B in Q4 FY25, up 19% year over year and down 5% from the previous quarter.
Gross margin was 4.0%, down 0.7 points from a year earlier. Operating profit was $1.6B, a 1.8% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, above the 2% margin then. Operating expenses fell 14% while revenue rose 19%. Net earnings were $1.3B, up 59% year over year. The effective tax rate was 13.8%.
Operating cash flow was $7.7B (up 87% year over year), 593% of net income including minority interests. Non-cash charges added back $0.15B of depreciation and amortization. Working capital and other items added $6.3B. Capital expenditures of $0.17B left free cash flow of $7.6B.
Questions
What was McKesson's revenue in the fourth quarter fiscal 2025?
McKesson (MCK) reported revenue of $90.8B for the fourth quarter fiscal 2025 (Q4 FY25), +19% from a year earlier and -5% from the quarter before.
Was McKesson profitable in the fourth quarter fiscal 2025?
Operating profit was $1.6B (1.8% of revenue) and net earnings $1.3B.
Source: McKesson 10-K on SEC EDGAR.