Buyback yield (TTM)
4.27%
Shareholder yield (TTM)
4.63%
5Y share count change
-22.7%
Buyback spend (TTM)
$4.51B
Cumulative buybacks
$38.74B
Key takeaways
- McKesson (MCK) repurchased about $4.51B of stock over the trailing twelve months.
- Diluted share count is down 22.7% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- Cash buyback spend has compounded at +45.0% per year over the latest 5-year window.
- TTM repurchases used about 81% of free cash flow remaining after dividends.
Dividend & buyback yield over time for McKesson (MCK)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for McKesson (MCK)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for McKesson (MCK)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for McKesson (MCK)
Latest: $4.75B
Overview
In 2026, McKesson (MCK) buyback spend totalled $4.75B – surged 51.0% year-over-year.
McKesson buyback spend compound annual growth for the 2021–2026 (5 years) window is +45.0%, sustaining 2 straight years of year-over-year growth.
The record annual buyback spend stands at $4.75B, reached in 2026; the historical low of $0.00 was recorded in 1998.
McKesson Buyback Spend 2026: $4.75B
In 2026, McKesson reported buyback spend of $4.75B, surged 51.0% from 2025. This figure represents the highest annual value in the available history.
McKesson Buyback Spend 2025: $3.15B
McKesson buyback spend in 2025 was $3.15B, edged up 4.0% from 2024.
McKesson Buyback Spend 2024: $3.02B
2024's buyback spend for McKesson came in at $3.02B, declined 16.8% below 2023.
McKesson Buyback Spend 2023: $3.64B
McKesson posted buyback spend of $3.64B in 2023, edged up 3.5% from 2022.
McKesson Buyback Spend 2022: $3.52B
McKesson buyback spend in 2022 was $3.52B.
See more financial history for McKesson (MCK).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2026 | $4.75B | $0.00 | $4.75B | 4.50% | 0.12B | -3.1% | |
| 2025 | $3.15B | $0.00 | $3.15B | 3.73% | 0.13B | -4.5% | |
| 2024 | $3.02B | $0.00 | $3.02B | 4.31% | 0.13B | -5.7% | |
| 2023 | $3.64B | $162.00M | $3.48B | 7.46% | 0.14B | -7.7% | |
| 2022 | $3.52B | $161.00M | $3.35B | 7.80% | 0.15B | -4.0% | |
| 2021 | $742.00M | $0.00 | $742.00M | 2.40% | 0.16B | -11.8% | |
| 2020 | $1.93B | $0.00 | $1.93B | 8.26% | 0.18B | -7.8% | |
| 2019 | $1.64B | $0.00 | $1.64B | 7.22% | 0.20B | -5.6% | |
| 2018 | $1.71B | $69.00M | $1.64B | 5.92% | 0.21B | -6.3% | |
| 2017 | $2.31B | $115.00M | $2.20B | 7.35% | 0.22B | -4.3% | |
| 2016 | $1.61B | $123.00M | $1.49B | 4.52% | 0.23B | -0.9% | |
| 2015 | $450.00M | $174.00M | $276.00M | 0.86% | 0.23B | +0.9% | |
| 2014 | $130.00M | $160.00M | −$30.00M | 0.32% | 0.23B | -2.5% | |
| 2013 | $1.21B | $167.00M | $1.05B | 4.96% | 0.24B | -4.8% | |
| 2012 | $1.87B | $154.00M | $1.72B | 9.05% | 0.25B | -4.6% | |
| 2011 | $2.05B | $137.00M | $1.91B | 10.41% | 0.26B | -3.7% | |
| 2010 | $323.00M | $114.00M | $209.00M | 1.85% | 0.27B | -2.2% | |
| 2009 | $502.00M | $99.00M | $403.00M | 5.31% | 0.28B | -6.4% | |
| 2008 | $1.70B | $91.00M | $1.61B | 11.71% | 0.30B | -2.3% | |
| 2007 | $1.00B | $0.00 | $1.00B | 5.81% | 0.30B | -3.5% | |
| 2006 | $958.00M | $0.00 | $958.00M | 6.09% | 0.32B | +7.5% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.29B | -1.7% | |
| 2004 | $156.80M | $0.00 | $156.80M | 1.80% | 0.30B | +0.1% | |
| 2003 | $25.00M | $0.00 | $25.00M | 0.35% | 0.30B | +0.2% | |
| 2002 | $44.20M | $0.00 | $44.20M | 0.41% | 0.30B | +5.3% | |
| 2001 | $65.60M | $0.00 | $65.60M | 0.87% | 0.28B | -0.4% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.28B | +3.3% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.28B | +187.8% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.10B | +13.3% | |
| 1997 | $157.90M | $0.00 | $157.90M | — | 0.08B | — | |
| 1996 | $62.70M | $0.00 | $62.70M | — | — | — | |
| 1995 | $3.10M | $0.00 | $3.10M | — | — | — |
- 2026$4.75B
- 2025$3.15B
- 2024$3.02B
- 2023$3.64B
- 2022$3.52B
- 2021$742.00M
- 2020$1.93B
- 2019$1.64B
- 2018$1.71B
- 2017$2.31B
- 2016$1.61B
- 2015$450.00M
- 2014$130.00M
- 2013$1.21B
- 2012$1.87B
- 2011$2.05B
- 2010$323.00M
- 2009$502.00M
- 2008$1.70B
- 2007$1.00B
- 2006$958.00M
- 2005$0.00
- 2004$156.80M
- 2003$25.00M
- 2002$44.20M
- 2001$65.60M
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$157.90M
- 1996$62.70M
- 1995$3.10M
Buybacks vs stock-based compensation for McKesson (MCK)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for McKesson (MCK)
How McKesson splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as McKesson, ranked by their latest buyback spend.
| $5.95B | |
| $5.54B | |
| $5.08B | |
| $4.11B | |
| $980.00M | |
| $216.35M | |
| $0.00 | |
| $0.00 |
- $5.95B
- $5.54B
- $5.08B
- $4.11B
- $980.00M
- $216.35M
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $5.55B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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