McDonald's Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	26,885	25,920	25,494	23,183	23,223
Revenue Growth (YoY)	3.72%	1.67%	9.97%	-0.17%	20.90%
Cost of Revenue	11,451	11,210	10,931	9,975	10,643
Gross Profit	15,434	14,710	14,563	13,208	12,580
Selling, General & Admin	2,583	2,412	2,435	2,492	2,378
Depreciation & Amortization Expenses	457	447	382	370	329.7
Other Operating Expenses	2	139	99	974	-483.3
Operating Income	12,393	11,712	11,647	9,371	10,356
Interest Expense	-1,582	-1,506	-1,361	-1,207	-1,186
Other Non-Operating Income (Expense)	87	139	236	-339	-42.3
Total Non-Operating Income (Expense)	-1,495	-1,367	-1,125	-1,546	-1,228
Pretax Income	10,897	10,345	10,522	7,825	9,128
Provision for Income Taxes	2,334	2,121	2,053	1,648	1,583
Net Income	8,563	8,223	8,469	6,177	7,545
Net Income to Common	8,563	8,223	8,469	6,177	7,545
Net Income Growth	4.13%	-2.90%	37.10%	-18.13%	59.50%
Shares Outstanding (Basic)	713	718	728	737	746
Shares Outstanding (Diluted)	716	722	732	741	752
Shares Change (YoY)	-0.76%	-1.42%	-1.21%	-1.40%	0.23%
EPS (Basic)	12.00	11.45	11.63	8.39	10.11
EPS (Diluted)	11.95	11.39	11.56	8.33	10.04
EPS Growth	4.92%	-1.47%	38.78%	-17.03%	59.11%
Free Cash Flow	7,186	6,672	7,255	5,488	7,102
Free Cash Flow Growth	7.70%	-8.04%	32.20%	-22.72%	53.57%
Free Cash Flow Per Share	10.03	9.24	9.91	7.40	9.45
Dividends Per Share	7.170	6.780	6.230	5.660	5.250
Dividend Growth	5.75%	8.83%	10.07%	7.81%	4.17%
Gross Margin	57.41%	56.75%	57.12%	56.97%	54.17%
Operating Margin	46.10%	45.19%	45.69%	40.42%	44.59%
Profit Margin	31.85%	31.73%	33.22%	26.64%	32.49%
FCF Margin	26.73%	25.74%	28.46%	23.67%	30.58%
EBITDA	14,592	13,809	13,625	11,242	12,224
EBITDA Margin	54.28%	53.28%	53.44%	48.49%	52.64%
EBIT	12,393	11,712	11,647	9,371	10,356
EBIT Margin	46.10%	45.19%	45.69%	40.42%	44.59%
Effective Tax Rate	21.42%	20.50%	19.51%	21.06%	17.34%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.