Non-Current Assets
Deferred Tax Assets
McKesson Deferred Tax Assets decreased by 120.0% to -$222M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 121.6%, from $1.03B to -$222M. Over 5 years (FY 2021 to FY 2026), Deferred Tax Assets shows a downward trend with a -30.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryOther
SignalHigher is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ4 2026May 8, 2026
How to read this metric
An increase may indicate future tax shield potential, often resulting from prior losses or specific accounting-tax timing differences.
Detailed definition
Deferred tax assets represent future tax benefits arising from temporary differences between the book value of assets/li...
Peer comparison
Standard tax accounting metric; comparability depends on specific jurisdictional tax laws.
Metric ID:
deferred_tax_assetsHistorical Data
20 periods
| 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 | $1.44B | $1.35B | $1.37B | $1.42B | $1.54B | $1.66B | $1.47B | $1.39B | $1.14B | $1.11B | $978M | $917M | $928M | $1.05B | $1.09B | $1.03B | $987M | $1.09B | $1.11B | -$222M |
| QoQ Change | — | -6.2% | +1.3% | +3.6% | +8.7% | +7.7% | -11.7% | -5.3% | -17.9% | -2.4% | -12.1% | -6.2% | +1.2% | +12.9% | +4.2% | -5.8% | -4.1% | +10.0% | +2.0% | -120.0% |
| YoY Change | — | — | — | — | +6.9% | +22.8% | +7.0% | -2.2% | -26.1% | -33.0% | -33.2% | -33.9% | -18.5% | -5.8% | +11.7% | +12.2% | +6.4% | +3.6% | +1.5% | -121.6% |
Range-$222M – $1.66B
CAGR-32.5%
Avg YoY Growth-12.6%
Median YoY Growth-0.4%
Deferred Tax Assets at Other Companies
Frequently Asked Questions
- What is McKesson's deferred tax assets?
- McKesson (MCK) reported deferred tax assets of -$222M in Q1 2026.
- How has McKesson's deferred tax assets changed year-over-year?
- McKesson's deferred tax assets decreased by 121.6% year-over-year, from $1.03B to -$222M.
- What is the long-term trend for McKesson's deferred tax assets?
- Over 5 years (2021 to 2026), McKesson's deferred tax assets has grown at a -30.9% compound annual growth rate (CAGR), from $1.41B to -$222M.
- What does deferred tax assets mean?
- Future tax savings that the company expects to realize.