Q1 FY27 · Ended Jun 30, 2026 · View SEC filing
Rising profit stopped short of McKesson's own shareholders
Operating income rose 27.3%, yet McKesson's own net income fell 21.7% as minority stakes were revalued through earnings.
For investorsWhat McKesson's own earnings depend on from here
For foundersBuying control while the founders stay invested
Running costs took 61.4% of gross profit against 67.0% a year earlier, so most new gross profit reached operating income.
Specialty, now 13.5% of revenue, grew far faster than the core, and the filing credits it for part of the gross profit gain.
Distribution needs little capital, about 0.11% of revenue this quarter, and supplier payment terms carry much of the inventory.
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Business Lens describes McKesson from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
