CapEx
McKesson CapEx increased by 2.8% to $111.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 34.3%, from $169.00M to $111.00M. Over 4 years (FY 2022 to FY 2026), CapEx shows an upward trend with a 3.0% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $93.00M | $93.00M | $67.00M | $135.00M | $71.00M | $86.00M | $108.00M | $125.00M | $78.00M | $75.00M | $90.00M | $188.00M | $106.00M | $136.00M | $126.00M | $169.00M | $111.00M | $106.00M | $108.00M | $111.00M |
| QoQ Change | — | +0.0% | -28.0% | +101.5% | -47.4% | +21.1% | +25.6% | +15.7% | -37.6% | -3.8% | +20.0% | +108.9% | -43.6% | +28.3% | -7.4% | +34.1% | -34.3% | -4.5% | +1.9% | +2.8% |
| YoY Change | — | — | — | — | -23.7% | -7.5% | +61.2% | -7.4% | +9.9% | -12.8% | -16.7% | +50.4% | +35.9% | +81.3% | +40.0% | -10.1% | +4.7% | -22.1% | -14.3% | -34.3% |
Business Segments
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q2 '25 |
|---|---|---|---|---|---|---|---|---|
| U.S. Pharmaceutical | $38.50M | $38.50M | $48.25M | $48.25M | $48.25M | $48.25M | $28.00M | $73.00M |
| Medical-Surgical Solutions | $29.25M | $29.25M | $39.75M | $39.75M | $39.75M | $39.75M | $51.00M | $25.00M |
| International | $19.75M | $19.75M | $18.75M | $18.75M | $18.75M | $18.75M | $25.00M | $13.00M |
| Prescription Technology Solutions | $8.75M | — | $7.75M | $7.75M | $7.75M | — | $4.00M | $1.00M |
| Total | $108.00M | $125.00M | $78.00M | $75.00M | $90.00M | $188.00M | $106.00M | $111.00M |
International, Medical-Surgical Solutions, Prescription Technology Solutions, U.S. Pharmaceutical were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is McKesson's capex?
- McKesson (MCK) reported capex of $111.00M in Q1 2026.
- How has McKesson's capex changed year-over-year?
- McKesson's capex decreased by 34.3% year-over-year, from $169.00M to $111.00M.
- What is the long-term trend for McKesson's capex?
- Over 4 years (2022 to 2026), McKesson's capex has grown at a 3.0% compound annual growth rate (CAGR), from $388.00M to $436.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.