MCD · McDonalds Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.52B | - | $7.08B | $6.84B | $5.96B | - | $6.87B | $6.49B | $6.17B | - |
| Cost of Revenue | $676.00M | - | $666.00M | $654.00M | $620.00M | - | $646.00M | $629.00M | $627.00M | - |
| Gross Profit | $5.84B | - | $6.41B | $6.19B | $5.34B | - | $6.23B | $5.86B | $5.54B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $759.00M | - | $647.00M | $691.00M | $720.00M | - | - | - | - | - |
| Total Operating Expenses | $3.56B | - | $3.72B | $3.61B | $3.31B | - | $3.69B | $3.57B | $3.43B | - |
| D&A | $111.00M | - | $121.00M | $106.00M | $107.00M | - | $111.00M | $101.00M | $99.00M | - |
| Operating Income | $2.95B | - | $3.36B | $3.23B | $2.65B | - | $3.19B | $2.92B | $2.74B | - |
| Interest Expense | $400.00M | - | $406.00M | $390.00M | $376.00M | - | $381.00M | $373.00M | $372.00M | - |
| Income Tax | $559.00M | - | $671.00M | $608.00M | $461.00M | - | $588.00M | $533.00M | $479.00M | - |
| Net Income | $1.98B | - | $2.28B | $2.25B | $1.87B | - | $2.25B | $2.02B | $1.93B | - |
| EPS - Basic | $2.79 | - | $3.20 | $3.15 | $2.61 | - | $3.15 | $2.81 | $2.67 | - |
| EPS - Diluted | $2.78 | - | $3.18 | $3.14 | $2.60 | - | $3.13 | $2.80 | $2.66 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.17B | $774.00M | $2.41B | $1.88B | $1.24B | $1.08B | $1.22B | $792.00M | $838.00M | $4.58B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $61.00M | $61.00M | $55.00M | $55.00M | $51.00M | $56.00M | $54.00M | $46.00M | $46.00M | $52.80M |
| Accounts Payable | $1.09B | $1.15B | $972.00M | $838.00M | $882.00M | $1.03B | $944.00M | $949.00M | $936.00M | $1.10B |
| Current Assets | $4.71B | $4.16B | $6.08B | $5.60B | $4.74B | $4.60B | $4.91B | $4.21B | $4.06B | $7.99B |
| Total Assets | $60.04B | $59.52B | $60.61B | $59.55B | $56.33B | $55.18B | $56.17B | $53.80B | $53.51B | $56.15B |
| Current Liabilities | $4.15B | $4.36B | $6.08B | $4.30B | $4.01B | $3.86B | $6.31B | $3.91B | $4.89B | $6.86B |
| Long-term Debt | $40.10B | $39.97B | $39.48B | $40.80B | $38.84B | $38.42B | $38.99B | $38.52B | $36.76B | $37.15B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | ($1.29B) | ($1.79B) | ($2.16B) | ($2.76B) | ($3.45B) | ($3.80B) | ($5.18B) | ($4.82B) | ($4.83B) | ($4.71B) |
| Retained Earnings | $70.94B | $70.28B | $69.44B | $68.42B | $67.44B | $66.83B | $64.82B | $65.03B | $64.20B | $63.48B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.41B | - | $3.43B | $2.00B | $2.43B | - | $2.74B | $1.69B | $2.39B | - |
| Investing Cash Flow | ($777.00M) | - | ($1.11B) | ($869.00M) | ($771.00M) | - | ($1.27B) | ($846.00M) | ($2.49B) | - |
| Financing Cash Flow | ($1.23B) | - | ($1.79B) | ($555.00M) | ($1.54B) | - | ($1.09B) | ($869.00M) | ($3.66B) | - |
| CapEx | $682.00M | - | $1.01B | $744.00M | $551.00M | - | $794.00M | $628.00M | $547.00M | - |
| Free Cash Flow | $1.73B | - | $2.42B | $1.25B | $1.88B | - | $1.94B | $1.06B | $1.84B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 89.6% | - | 90.6% | 90.4% | 89.6% | - | 90.6% | 90.3% | 89.8% | - |
| Operating margin | 45.3% | - | 47.4% | 47.2% | 44.5% | - | 46.4% | 45.0% | 44.4% | - |
| EBITDA margin | 47.0% | - | 49.1% | 48.8% | 46.3% | - | 48.0% | 46.5% | 46.0% | - |
| Net margin | 30.4% | - | 32.2% | 32.9% | 31.4% | - | 32.8% | 31.2% | 31.3% | - |
| Free cash flow margin | 26.5% | - | 34.1% | 18.3% | 31.5% | - | 28.3% | 16.3% | 29.9% | - |
| FCF / Net income | 0.87 | - | 1.06 | 0.56 | 1.00 | - | 0.86 | 0.52 | 0.96 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 11.6% | - | 9.1% | 10.1% | 12.1% | - | - | - | - | - |
| Effective tax rate | 22.0% | - | 22.8% | 21.3% | 19.8% | - | 20.7% | 20.9% | 19.9% | - |
| Return on assets | 3.3% | - | 3.8% | 3.8% | 3.3% | - | 4.0% | 3.8% | 3.6% | - |
| Return on equity | -154.2% | - | -105.3% | -81.6% | -54.1% | - | -43.6% | -41.9% | -39.9% | - |
| Return on invested capital | 5.9% | - | 6.9% | 6.7% | 6.0% | - | 7.5% | 6.9% | 6.9% | - |
| Liquidity | ||||||||||
| Current ratio | 1.14 | 0.95 | 1.00 | 1.30 | 1.18 | 1.19 | 0.78 | 1.08 | 0.83 | 1.16 |
| Quick ratio | 1.12 | 0.94 | 0.99 | 1.29 | 1.17 | 1.18 | 0.77 | 1.06 | 0.82 | 1.16 |
| Cash ratio | 0.28 | 0.18 | 0.40 | 0.44 | 0.31 | 0.28 | 0.19 | 0.20 | 0.17 | 0.67 |
| Leverage | ||||||||||
| Debt / Equity | -31.19 | -22.32 | -18.25 | -14.78 | -11.25 | -10.12 | -7.53 | -7.99 | -7.61 | -7.89 |
| Debt / Assets | 0.67 | 0.67 | 0.65 | 0.69 | 0.69 | 0.70 | 0.69 | 0.72 | 0.69 | 0.66 |
| Debt / EBITDA | 13.09 | - | 11.35 | 12.22 | 14.10 | - | 11.82 | 12.75 | 12.97 | - |
| Interest coverage | 7.4x | - | 8.3x | 8.3x | 7.0x | - | 8.4x | 7.8x | 7.4x | - |
| Equity multiplier | -46.69 | -33.23 | -28.02 | -21.58 | -16.31 | -14.53 | -10.85 | -11.15 | -11.07 | -11.93 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.12 | 0.11 | 0.11 | - | 0.12 | 0.12 | 0.12 | - |
| Inventory turnover | 11.08 | - | 12.11 | 11.89 | 12.16 | - | 11.96 | 13.67 | 13.63 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 33d | - | 30d | 31d | 30d | - | 31d | 27d | 27d | - |
| Days payable outstanding | 589d | - | 533d | 468d | 519d | - | 533d | 551d | 545d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 111.8x | - | 95.6x | 93.0x | 120.1x | - | 97.3x | 91.0x | 106.0x | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 0.0x | - | 0.0x | 0.0x | 0.0x | - | 0.0x | 0.0x | 0.0x | - |
| EV / EBITDA | 12.7x | - | 10.7x | 11.7x | 13.7x | - | 11.4x | 12.5x | 12.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.4% | - | 3.0% | 5.4% | -3.5% | - | 2.7% | -0.1% | 4.6% | - |
| Revenue CAGR (3y) | 3.4% | - | 6.4% | 6.2% | 1.7% | - | 3.5% | 3.3% | 6.4% | - |
| Revenue CAGR (5y) | 4.9% | - | 5.5% | 12.7% | 4.8% | - | 4.8% | 4.0% | 4.5% | - |
| Gross profit growth (YoY) | 9.5% | - | 3.0% | 5.6% | -3.7% | - | 2.6% | -0.3% | 4.6% | - |
| Operating income growth (YoY) | 11.5% | - | 5.3% | 10.7% | -3.2% | - | -0.6% | -5.9% | 8.0% | - |
| Net income growth (YoY) | 6.2% | - | 1.0% | 11.4% | -3.2% | - | -2.7% | -12.5% | 7.0% | - |
| EPS growth (YoY) | 6.9% | - | 1.6% | 12.1% | -2.3% | - | -1.3% | -11.1% | 8.6% | - |
| EPS CAGR (3y) | 4.3% | - | 5.9% | 25.2% | 20.7% | - | 3.1% | -1.7% | 9.1% | - |
| EPS CAGR (5y) | 6.3% | - | 6.2% | 37.0% | 12.1% | - | 8.2% | 7.3% | 9.1% | - |
| FCF growth (YoY) | -7.8% | - | 24.5% | 18.2% | 1.8% | - | -21.0% | -7.5% | -3.9% | - |
| FCF CAGR (5y) | -0.3% | - | -1.1% | - | 12.0% | - | 2.2% | -4.4% | 4.1% | - |
| Book value growth (YoY) | 62.8% | 52.8% | 58.2% | 42.8% | 28.5% | 19.3% | -6.6% | 3.5% | 16.3% | 21.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$26.89B totalInternational Operated Markets$13.63B · 50.7%
USMarket$10.82B · 40.3%
International Developmental Licensed Marketsand Corporate$2.43B · 9.0%
Peer comparison
Same SIC group: Retail-Eating Places
Comparing MCDONALDS CORP against the 5 most active filers in the same SIC group.
Dividends
$7.35/share trailing 12 months · +5.3% YoY
| Ex-date | Per share |
|---|---|
| Jun 2, 2026 | $1.8600 |
| Mar 3, 2026 | $1.8600 |
| Dec 1, 2025 | $1.8600 |
| Sep 2, 2025 | $1.7700 |
| Jun 2, 2025 | $1.7700 |
| Mar 3, 2025 | $1.7700 |
| Dec 2, 2024 | $1.7700 |
| Sep 3, 2024 | $1.6700 |
| Jun 3, 2024 | $1.6700 |
| Feb 29, 2024 | $1.6700 |
| Nov 30, 2023 | $1.6700 |
| Aug 31, 2023 | $1.5200 |
| Jun 2, 2023 | $1.5200 |
| Feb 28, 2023 | $1.5200 |
| Nov 30, 2022 | $1.5200 |
| Aug 31, 2022 | $1.3800 |
| Jun 3, 2022 | $1.3800 |
| Feb 28, 2022 | $1.3800 |
| Nov 30, 2021 | $1.3800 |
| Aug 31, 2021 | $1.2900 |
| May 28, 2021 | $1.2900 |
| Feb 26, 2021 | $1.2900 |
| Nov 30, 2020 | $1.2900 |
| Aug 31, 2020 | $1.2500 |