Total Operating Expenses
McKesson Total Operating Expenses decreased by 8.3% to $1.89B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 22.9%, from $2.46B to $1.89B. Over 4 years (FY 2022 to FY 2026), Total Operating Expenses shows a downward trend with a -11.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Detailed definition
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Peer comparison
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expensesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.46B | $2.81B | $3.13B | $5.20B | $1.99B | $1.97B | $1.93B | $1.43B | $1.92B | $2.12B | $2.51B | $2.07B | $2.12B | $2.67B | $2.06B | $2.46B | $2.24B | $2.14B | $2.07B | $1.89B |
| QoQ Change | — | +14.2% | +11.3% | +66.2% | -61.8% | -0.8% | -1.9% | -26.2% | +34.7% | +10.2% | +18.5% | -17.7% | +2.8% | +25.8% | -22.8% | +19.3% | -8.7% | -4.8% | -3.2% | -8.3% |
| YoY Change | — | — | — | — | -19.4% | -29.9% | -38.2% | -72.6% | -3.3% | +7.5% | +29.8% | +44.8% | +10.5% | +26.1% | -17.9% | +18.9% | +5.7% | -20.0% | +0.3% | -22.9% |
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is McKesson's total operating expenses?
- McKesson (MCK) reported total operating expenses of $1.89B in Q1 2026.
- How has McKesson's total operating expenses changed year-over-year?
- McKesson's total operating expenses decreased by 22.9% year-over-year, from $2.46B to $1.89B.
- What is the long-term trend for McKesson's total operating expenses?
- Over 4 years (2022 to 2026), McKesson's total operating expenses has grown at a -11.5% compound annual growth rate (CAGR), from $13.61B to $8.34B.
- What does total operating expenses mean?
- The total cost of running the business, including all non-production expenses.