McDonald's Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	27,447	26,885	25,920	25,494	23,183	23,223
Revenue Growth (YoY)	6.77%	3.72%	1.67%	9.97%	-0.17%	20.90%
Cost of Revenue	9,546	11,451	11,210	10,931	9,975	10,643
Gross Profit	17,901	15,434	14,710	14,563	13,208	12,580
Selling, General & Admin	2,656	2,583	2,412	2,435	2,492	2,378
Depreciation & Amortization Expenses	462	457	447	382	370	329.7
Other Operating Expenses	-74	2	139	99	974	-483.3
Total Operating Expenses	3,044	3,042	2,998	2,916	3,836	2,224
Operating Income	12,698	12,393	11,712	11,647	9,371	10,356
Interest Expense	-1,606	-1,582	-1,506	-1,361	-1,207	-1,186
Other Non-Operating Income (Expense)	18	87	139	236	-339	-42.3
Total Non-Operating Income (Expense)	-1,588	-1,495	-1,367	-1,125	-1,546	-1,228
Pretax Income	11,109	10,897	10,345	10,522	7,825	9,128
Provision for Income Taxes	2,432	2,334	2,121	2,053	1,648	1,583
Net Income	8,678	8,563	8,223	8,469	6,177	7,545
Net Income to Common	8,678	8,563	8,223	8,469	6,177	7,545
Net Income Growth	6.33%	4.13%	-2.90%	37.10%	-18.13%	59.50%
Shares Outstanding (Basic)	713	713	718	728	737	746
Shares Outstanding (Diluted)	715	716	722	732	741	752
Shares Change (YoY)	-0.65%	-0.76%	-1.42%	-1.21%	-1.40%	0.23%
EPS (Basic)	12.17	12.00	11.45	11.63	8.39	10.11
EPS (Diluted)	12.13	11.95	11.39	11.56	8.33	10.04
EPS Growth	7.06%	4.92%	-1.47%	38.78%	-17.03%	59.11%
Shares Outstanding	710.51	710.6	715.2	722.7	731.3	744.8
Free Cash Flow	7,039	7,186	6,672	7,255	5,488	7,102
Free Cash Flow Growth	-2.05%	7.70%	-8.04%	32.20%	-22.72%	53.57%
Free Cash Flow Per Share	9.84	10.03	9.24	9.91	7.40	9.45
Dividends Per Share	7.260	7.170	6.780	6.230	5.660	5.250
Dividend Growth	1.26%	5.75%	8.83%	10.07%	7.81%	4.17%
Gross Margin	65.22%	57.41%	56.75%	57.12%	56.97%	54.17%
Operating Margin	46.26%	46.10%	45.19%	45.69%	40.42%	44.59%
Profit Margin	31.61%	31.85%	31.73%	33.22%	26.64%	32.49%
FCF Margin	25.65%	26.73%	25.74%	28.46%	23.67%	30.58%
EBITDA	14,943	14,592	13,809	13,625	11,242	12,224
EBITDA Margin	54.44%	54.28%	53.28%	53.44%	48.49%	52.64%
EBIT	12,698	12,393	11,712	11,647	9,371	10,356
EBIT Margin	46.26%	46.10%	45.19%	45.69%	40.42%	44.59%
Effective Tax Rate	21.89%	21.42%	20.50%	19.51%	21.06%	17.34%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q