Background: Depression and anxiety contribute to an increased global burden of disease and affect women more often than men. Despite evidence from experimental data showing a shared biological mechanism involved in both mental health disorders and female hormone-dependent cancers, results from epidemiological investigations remain inconsistent.Methods: We aim to understand a putative causal relationship between psychological distress and female malignancy by conducting a two-sample Mendelian randomization (MR) analysis. We used summary statistics from the hitherto largest genome-wide association studies (GWAS) performed in depression (Ncase=246,363), anxiety (Ncase=44,465), breast (Ncase=122,977) and ovarian (Ncase=25,509) cancer. We constructed strong instruments using the 102 depression-associated SNPs, the 6 anxiety-associated SNPs, and applied several MR approaches.Results: We found that genetic predisposition to depression significantly increased the risk of both overall breast cancer (OR [95%CI] = 1.10 [1.03-1.18]) and its estrogen receptor (ER)- subtype (1.12 [1.01-1.24]), while a borderline significance was observed for ER+ subtype (1.08 [0.99-1.18]). These findings were corroborated by our genetic correlation analysis where a significantly shared genetic basis was observed for depression and breast cancer. On the contrary, we did not identify any causal association of anxiety with breast cancer. None of the mental health traits were associated with the onset of ovarian cancer or its serous subtype. Sensitivity analyses using different sets of instruments revealed consistent results.Conclusions: Our findings suggest that poor mental health condition such as major depression disorder is likely to be causally associated with the development of breast cancer, providing evidence supporting for the potential deleterious consequence of mental illness on cancer onset.