Operating Expenses
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 7.5%, from $2.05B to $1.89B. Over 4 years (FY 2022 to FY 2026), Total Operating Expenses shows a downward trend with a -6.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
Detailed definition
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Peer comparison
Investors compare this to revenue to assess the 'operating leverage' of a business model.
Metric ID:
total_operating_expensesHistorical Data
20 periods
| 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 | $2.46B | $2.81B | $3.13B | $2.69B | $1.99B | $1.97B | $1.93B | $2.09B | $1.92B | $2.12B | $2.51B | $2.37B | $2.12B | $2.67B | $2.06B | $2.05B | $2.24B | $2.14B | $2.07B | $1.89B |
| QoQ Change | — | +14.2% | +11.3% | -14.2% | -26.0% | -0.8% | -1.9% | +7.9% | -7.9% | +10.2% | +18.5% | -5.6% | -10.4% | +25.8% | -22.8% | -0.6% | +9.5% | -4.8% | -3.2% | -8.3% |
| YoY Change | — | — | — | — | -19.4% | -29.9% | -38.2% | -22.3% | -3.3% | +7.5% | +29.8% | +13.6% | +10.5% | +26.1% | -17.9% | -13.6% | +5.7% | -20.0% | +0.3% | -7.5% |
Range$1.89B – $3.13B
CAGR-5.4%
Avg YoY Growth-4.9%
Median YoY Growth-5.4%
Current Streak3 quarters decline
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 7.5% year-over-year, from $2.05B 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 -6.9% compound annual growth rate (CAGR), from $11.09B to $8.34B.
- What does total operating expenses mean?
- The total cost of running the day-to-day business, excluding the direct cost of making products.