MCKESSON CORP
For the period ended Dec 31, 2025. Filed Feb 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Share Repurchases Plans
Share Repurchase Plans
The Board has authorized the repurchase of common stock. We may repurchase common stock from time-to-time through open market transactions, privately negotiated transactions, accelerated share repurchase programs, or by combinations of such methods, any of which may use pre-arranged trading plans that are designed to meet the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934 (“Exchange Act”). The timing of any repurchases and the actual number of shares repurchased will depend on a variety of factors, including our stock price, corporate and regulatory requirements, tax implications, restrictions under our debt obligations, other uses for capital, impacts on the value of remaining shares, cash generated from operations, and market and economic conditions.
Excise taxes of $7 million were accrued for shares repurchased during the three months ended December 31, 2025 and 2024, respectively. Excise taxes of $17 million and $23 million were accrued for shares repurchased during the nine months ended December 31, 2025 and 2024, respectively. On July 30, 2025, we made a payment of $26 million for fiscal 2025 excise taxes previously accrued. As of December 31, 2025 and March 31, 2025, the amount accrued for excise taxes was $17 million and $26 million within “Other accrued liabilities” in our Condensed Consolidated Balance Sheets, respectively.
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Information regarding share repurchase activity for the nine months ended December 31, 2025 and 2024 was as follows:
| Share Repurchases (1) | |||||
|---|---|---|---|---|---|
| (In millions, except price per share) · Total Number ofShares Purchased (2) · Average Price Paid Per Share (3) · Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs | |||||
| Balance at March 31, 2025 | $7,469 | ||||
| Q1 Shares repurchased - Open market | 0.8 | $709.84 | (590) | ||
| Q2 Shares repurchased - Open market | 1.2 | 693.25 | (809) | ||
| Q3 Shares repurchased - Open market (4) | 0.8 | 831.33 | (689) | ||
| Balance at December 31, 2025 | $5,381 | ||||
(3)The average price paid per share includes $17 million of excise taxes for the nine months ended December 31, 2025.
(4)Of the total dollar value, $9 million was accrued within “Other accrued liabilities” in the Company’s Condensed Consolidated Balance Sheet as of December 31, 2025 for share repurchases that were executed in late December 2025 and settled in early January 2026.
| Share Repurchases (1) | ||||||
|---|---|---|---|---|---|---|
| (In millions, except price per share) · Total Number ofShares Purchased (2) · Average Price Paid Per Share (3) · Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs | ||||||
| Balance at March 31, 2024 | $6,615 | |||||
| Q1 Shares repurchased - Open market | 1.0 | $548.20 | (527) | |||
| July 2024 Board Authorization | 4,000 | |||||
| Q2 Shares repurchased - Open market | 2.9 | $533.46 | (1,528) | |||
| Q3 Shares repurchased - Open market (4) | 1.5 | $537.48 | $(821) | |||
| Balance at December 31, 2024 | $7,739 | |||||
(3)The average price paid per share includes $23 million of excise taxes for the nine months ended December 31, 2024.
(4)Of the total dollar value, $8 million was accrued within “Other accrued liabilities” in our Condensed Consolidated Balance Sheet as of December 31, 2024 for share repurchases that were executed in late December 2024 and settled in early January 2025.
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