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How McKesson (MCK) makes money
McKesson (MCK) made $111.0B of revenue in the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier. Of every dollar of revenue, 4¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $111.0B | 100.0% |
| Cost of revenue | $107.0B | 96.4% |
| Gross profit | $4.0B | 3.6% |
| Operating expenses | $2.4B | 2.1% |
| Operating profit | $1.6B | 1.4% |
| Income tax | $266M | 0.2% |
| Net earnings | $1.2B | 1.1% |
| Operating cash flow | $3.1B | 2.8% |
| Free cash flow | $2.9B | 2.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $111.0B | +8% |
| Q1 FY27 | $105.4B | +8% |
| Q4 FY26 | $96.3B | +6% |
| Q3 FY26 | $106.2B | +11% |
| Q2 FY26 | $103.2B | +10% |
| Q1 FY26 | $97.8B | +23% |
| Q4 FY25 | $90.8B | +19% |
From McKesson's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does McKesson make money?
McKesson (MCK) made $111.0B of revenue in the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier. Of every dollar of revenue, 4¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.
What is McKesson's profit margin?
Net earnings were $1.2B, 1.1% of revenue, in the second quarter fiscal 2027; the operating margin was 1.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.