McKesson (MCK) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared with the immediately preceding quarter and the same quarter one year earlier. The growth was accompanied by a decline in operating income, as selling, distribution, general, and administrative expenses rose.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q2
Revenue for the quarter increased compared with the immediately preceding quarter and the same quarter one year earlier. The growth was accompanied by a decline in operating income, as selling, distribution, general, and administrative expenses rose.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$77.2B
Revenue reported for this quarter.
Quarter-over-quarter
+3.7%
Change from the immediately preceding quarter.
Year-over-year
+10.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$291.1B
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 |
|---|---|---|
| Dec 31, 2022 | $70.5B | +2.7% |
| Mar 31, 2023 | $68.9B | +4.2% |
| Jun 30, 2023 | $74.5B | +10.9% |
| Sep 30, 2023 | $77.2B | +10.1% |
Revenue performance
The company reported higher revenue on both a sequential and year-over-year basis. Operating income decreased, while selling, distribution, general, and administrative expenses increased.
Quarterly comparison
Revenue for this quarter was higher than the immediately preceding quarter, extending the upward trend. It also exceeded the level reported for the same quarter one year earlier.
What to watch
Cash and cash equivalents declined from the end of the prior fiscal year, as shown in the liquidity discussion.