McCormick & Company, Incorporated stock research
FY2026 Q2
McCormick & (MKC) Gross Margin & Quarterly History
Explore McCormick & Company, Incorporated (MKC) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended May 31, 2026 · FY2026 Q2
Revenue was stable compared to the prior quarter, while gross profit increased and cost of revenue decreased, leading to an improved gross margin. Compared to the same quarter last year, revenue, gross profit, and cost of revenue were all higher, with gross margin also showing improvement.
- The strongest observable margin driver is the reduction in cost of revenue relative to revenue, which directly supported gross profit growth and margin expansion.
- Gross margin improved compared to both the immediately preceding quarter and the same quarter one year earlier, driven by a higher gross profit relative to revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
40.2%
Gross profit
$778.2M
Revenue
$1.9B
Cost of revenue
$1.2B
Quarter-over-quarter change
+2.4 pts
Year-over-year change
+2.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Aug 31, 2025 | $1.7B | $645.1M | $1.1B | 37.4% |
| Nov 30, 2025 | $1.9B | $720.3M | $1.1B | 38.9% |
| Feb 28, 2026 | $1.9B | $708.9M | $1.2B | 37.8% |
| May 31, 2026 | $1.9B | $778.2M | $1.2B | 40.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Feb 28, 2026
+2.4 pts
Year-over-year change
May 31, 2025
+2.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the reduction in cost of revenue relative to revenue, which directly supported gross profit growth and margin expansion.
Gross margin improved compared to both the immediately preceding quarter and the same quarter one year earlier, driven by a higher gross profit relative to revenue.
Monitor the trend in cost of revenue, as its decline was a key factor in the margin improvement this quarter.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| McCormick & Company, Incorporated (MKC) | 40.2% |