McKesson (MCK) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$68.9B
Revenue reported for this quarter.
Quarter-over-quarter
-2.2%
Change from the immediately preceding quarter.
Year-over-year
+4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$276.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $67.2B | +7.1% |
| Sep 30, 2022 | $70.2B | +5.4% |
| Dec 31, 2022 | $70.5B | +2.7% |
| Mar 31, 2023 | $68.9B | +4.2% |
Revenue performance
The reported revenue decreased from the prior quarter, reflecting a sequential contraction. On an annual basis, revenue was higher than the same period a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue may warrant monitoring in the context of the company's overall revenue trajectory.