The histology, estrogen (ER)‐ and androgen (AR)‐ receptor content, s‐FSH, s‐LH, s‐17‐β‐estradiol, U‐17‐ketosteroid and U‐17‐ketogen steroid patterns were measured in a consecutive series of 20 patients operated on for gynecomasty. Two out of 22 specimens were ER‐positive, and 4 out of 22 were AR‐positive. No relationship was demonstrated between the histopathologic features, ie. active – intermediate – inactive gynecomasty, and the steroid receptor content in the present limited number of cases. In addition, there was no marked relationship between the histopathologic features and the hormone values.