MCK · 10-Q · 2026Q2 · Full report

Operating Expense Trends

MCKESSON CORP · 2026-08-05 · Importance 24 · Surprise 14 · Matches filing data

Selling, distribution, general, and administrative expenses increased 3.1% year over year to $2.264 billion for the quarter ended June 30, 2026, from $2.196 billion. Total operating expenses increased 5.5% to $2.366 billion from $2.243 billion. The resulting operating-income increase of $283 million exceeded the $406 million gross-profit increase, indicating operating expense growth absorbed approximately 30% of the gross-profit improvement. Restructuring, impairment, and related charges were included in total operating expenses, although the extracted filing text does not provide the current-quarter dollar amount.

Key facts

• Corporate expenses, net included charges of $50 million and $29 million for the three months ended June 30, 2026 and 2025 for restructuring initiatives. source
• Three months ended June 30, 2026 other segment expense, net: North American Pharmaceutical $85,870 million; Oncology & Multispecialty $13,897 million; Prescription Technology Solutions $1,340 million; Medical-Surgical Solutions $2,697 million; Total other segment expense, net $103,804 million. source
• Three months ended June 30, 2026 Selling, distribution, general, and administrative expenses: $2,264 million source
• Three months ended June 30, 2026 Total operating expenses: $2,366 million source
• Depreciation and amortization and other reconciling items included adjustments to reconcile net income to net cash used in operating activities, and receivables decreased by $2,374 million and inventories decreased by $2,074 million (changes in assets and liabilities) for the three months ended June 30, 2026 source
• SDG&A for the three months ended June 30, 2025 includes a provision for bad debts of $189 million related to the bankruptcy of our customer Rite Aid Corporation. source
• North American Pharmaceutical other segment expense included a provision for bad debts of $ million related to Rite Aid bankruptcy recorded during three months ended June 30, 2025 (amount redacted). source
• Total operating expenses as a percentage of revenues for the three months ended June 30, 2026: 2.25%; for the three months ended June 30, 2025: 2.29%; change (4) basis points. source

Impact estimates