McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
299.66
+1.25 (0.42%)
At close: Nov 7, 2025, 4:00 PM EST
300.49
+0.83 (0.28%)
After-hours: Nov 7, 2025, 7:59 PM EST
McDonald's Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | +20 Quarters |
Operating Revenue | 25,661 | 25,482 | 25,212 | 25,497 | 25,572 | 25,426 | 25,445 | 25,179 | 24,688 | 23,881 | 23,101 | 22,854 | 22,931 | 23,244 | 23,399 | 22,873 | 22,161 | 21,384 | 19,270 | 18,865 | Upgrade |
Other Revenue | 603 | 578 | 495 | 423 | 367 | 332 | 320 | 315 | 325.1 | 312.2 | 314 | 329 | 334 | 350.6 | 364.8 | 350.1 | 366.6 | 360.8 | 347.6 | 342.5 | Upgrade |
| 26,264 | 26,060 | 25,707 | 25,920 | 25,939 | 25,758 | 25,765 | 25,494 | 25,014 | 24,194 | 23,415 | 23,183 | 23,265 | 23,594 | 23,764 | 23,223 | 22,528 | 21,744 | 19,618 | 19,208 | Upgrade | |
Revenue Growth (YoY) | 1.25% | 1.17% | -0.22% | 1.67% | 3.70% | 6.47% | 10.04% | 9.97% | 7.51% | 2.54% | -1.47% | -0.17% | 3.27% | 8.51% | 21.13% | 20.90% | 16.59% | 12.05% | -6.82% | -10.09% | Upgrade |
Cost of Revenue | 11,182 | 11,208 | 11,099 | 11,210 | 11,253 | 11,083 | 11,077 | 10,931 | 10,697 | 10,294 | 9,944 | 9,975 | 10,206 | 10,550 | 10,802 | 10,643 | 10,428 | 10,172 | 9,540 | 9,456 | Upgrade |
Gross Profit | 15,082 | 14,852 | 14,608 | 14,710 | 14,686 | 14,675 | 14,688 | 14,563 | 14,317 | 13,900 | 13,471 | 13,208 | 13,059 | 13,045 | 12,962 | 12,580 | 12,099 | 11,573 | 10,079 | 9,752 | Upgrade |
Selling, General & Admin | 2,498 | 2,370 | 2,365 | 2,412 | 2,479 | 2,526 | 2,504 | 2,435 | 2,424 | 2,418 | 2,461 | 2,492 | 2,527 | 2,511 | 2,472 | 2,378 | 2,320 | 2,216 | 2,219 | 2,245 | Upgrade |
Other Operating Expenses | -1 | - | -1 | -1 | - | -2 | -1 | - | -0.2 | 0.8 | 0.8 | -19 | -0.4 | -0.4 | -0.4 | -285.4 | -6.8 | -129.8 | -6.7 | -267.5 | Upgrade |
Operating Expenses | 2,966 | 2,831 | 2,819 | 2,858 | 2,881 | 2,911 | 2,885 | 2,817 | 2,807 | 2,797 | 2,838 | 2,843 | 2,892 | 2,866 | 2,818 | 2,422 | 2,637 | 2,401 | 2,516 | 2,278 | Upgrade |
Operating Income | 12,116 | 12,021 | 11,789 | 11,852 | 11,805 | 11,764 | 11,803 | 11,746 | 11,510 | 11,103 | 10,633 | 10,365 | 10,167 | 10,178 | 10,144 | 10,158 | 9,462 | 9,172 | 7,563 | 7,474 | Upgrade |
Interest Expense | -1,552 | -1,526 | -1,510 | -1,506 | -1,486 | -1,447 | -1,403 | -1,361 | -1,324 | -1,289 | -1,250 | -1,207 | -1,180 | -1,167 | -1,173 | -1,186 | -1,199 | -1,216 | -1,238 | -1,218 | Upgrade |
Interest & Investment Income | 81 | 73 | 73 | 103 | 150 | 179 | 196 | 187 | 148 | 111.8 | 79.4 | 44 | 20.5 | 12 | 9.8 | 9 | 10.7 | 11.8 | 14.4 | 18 | Upgrade |
Earnings From Equity Investments | 194 | 183 | 174 | 157 | 174 | 171 | 159 | 153 | 146.7 | 135 | 120.9 | 113 | 138.3 | 150 | 172.9 | 176.7 | 176.4 | 176.1 | 137.8 | 117.4 | Upgrade |
Currency Exchange Gain (Loss) | -15 | 8 | 17 | -6 | -16 | -6 | 1 | 19 | 64.3 | 114.7 | 135.7 | 134 | 94 | 40.7 | -5.4 | -37 | -57.1 | -54.8 | -35.1 | 3 | Upgrade |
Other Non Operating Income (Expenses) | 56 | 79 | 60 | 41 | 29 | 10 | 20 | 30 | 29.8 | 38.1 | -5.6 | -518 | -525.9 | -544 | -502.2 | -14.3 | -6.2 | -7.4 | -4.4 | 13.8 | Upgrade |
EBT Excluding Unusual Items | 10,880 | 10,838 | 10,603 | 10,641 | 10,656 | 10,671 | 10,776 | 10,774 | 10,575 | 10,213 | 9,713 | 8,931 | 8,714 | 8,670 | 8,646 | 9,107 | 8,387 | 8,082 | 6,438 | 6,408 | Upgrade |
Merger & Restructuring Charges | -85 | -229 | -243 | -221 | -354 | -193 | -154 | -290 | -224 | -198 | -180 | - | - | - | - | - | - | - | - | - | Upgrade |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | 339 | 339 | 203.8 | - | 135 | 274 | 409.2 | - | Upgrade |
Gain (Loss) on Sale of Assets | -52 | -58 | -16 | -6 | 91 | 85 | 104 | 110 | -5.2 | -56.2 | -1,109 | -1,106 | -1,120 | -1,259 | -6.6 | 21.2 | -11.6 | 19.8 | -186.4 | -267.4 | Upgrade |
Asset Writedown | 3 | 89 | -9 | - | -71 | -161 | -63 | -72 | -0.2 | - | - | - | -339.2 | - | - | - | 339.7 | - | -11.9 | - | Upgrade |
Other Unusual Items | -70 | -70 | -70 | -70 | - | - | - | - | - | - | 127.1 | - | - | - | -127.1 | - | - | - | - | - | Upgrade |
Pretax Income | 10,676 | 10,570 | 10,265 | 10,344 | 10,322 | 10,402 | 10,663 | 10,522 | 10,346 | 9,959 | 8,551 | 7,825 | 7,594 | 7,750 | 8,716 | 9,128 | 8,850 | 8,376 | 6,649 | 6,141 | Upgrade |
Income Tax Expense | 2,261 | 2,177 | 2,103 | 2,121 | 2,076 | 2,095 | 2,067 | 2,053 | 2,013 | 1,961 | 1,676 | 1,648 | 1,682 | 1,668 | 1,604 | 1,583 | 1,567 | 1,480 | 1,488 | 1,410 | Upgrade |
Net Income | 8,415 | 8,393 | 8,162 | 8,223 | 8,246 | 8,307 | 8,596 | 8,469 | 8,333 | 7,998 | 6,875 | 6,177 | 5,913 | 6,081 | 7,112 | 7,545 | 7,284 | 6,896 | 5,161 | 4,731 | Upgrade |
Net Income to Common | 8,415 | 8,393 | 8,162 | 8,223 | 8,246 | 8,307 | 8,596 | 8,469 | 8,333 | 7,998 | 6,875 | 6,177 | 5,913 | 6,081 | 7,112 | 7,545 | 7,284 | 6,896 | 5,161 | 4,731 | Upgrade |
Net Income Growth | 2.05% | 1.03% | -5.05% | -2.90% | -1.05% | 3.86% | 25.03% | 37.10% | 40.94% | 31.52% | -3.34% | -18.13% | -18.82% | -11.82% | 37.82% | 59.50% | 47.88% | 44.55% | -11.08% | -21.49% | Upgrade |
Shares Outstanding (Basic) | 715 | 716 | 717 | 718 | 720 | 723 | 726 | 728 | 730 | 732 | 734 | 737 | 740 | 743 | 746 | 746 | 746 | 746 | 745 | 745 | Upgrade |
Shares Outstanding (Diluted) | 718 | 719 | 720 | 722 | 724 | 727 | 730 | 732 | 734 | 736 | 738 | 741 | 745 | 748 | 751 | 752 | 752 | 751 | 750 | 750 | Upgrade |
Shares Change (YoY) | -0.86% | -1.10% | -1.36% | -1.42% | -1.42% | -1.29% | -1.13% | -1.21% | -1.44% | -1.61% | -1.69% | -1.40% | -0.87% | -0.36% | 0.10% | 0.23% | 0.07% | -0.46% | -1.25% | -1.93% | Upgrade |
EPS (Basic) | 11.78 | 11.73 | 11.39 | 11.45 | 11.45 | 11.49 | 11.85 | 11.63 | 11.42 | 10.93 | 9.37 | 8.39 | 7.99 | 8.18 | 9.54 | 10.11 | 9.76 | 9.25 | 6.93 | 6.35 | Upgrade |
EPS (Diluted) | 11.72 | 11.67 | 11.33 | 11.39 | 11.39 | 11.42 | 11.77 | 11.56 | 11.34 | 10.86 | 9.31 | 8.33 | 7.93 | 8.13 | 9.47 | 10.04 | 9.70 | 9.19 | 6.89 | 6.31 | Upgrade |
EPS Growth | 2.90% | 2.17% | -3.76% | -1.47% | 0.40% | 5.19% | 26.52% | 38.78% | 43.01% | 33.58% | -1.78% | -17.03% | -18.23% | -11.53% | 37.50% | 59.11% | 47.98% | 45.23% | -9.81% | -19.92% | Upgrade |
Free Cash Flow | 7,372 | 6,898 | 6,706 | 6,672 | 6,580 | 7,096 | 7,181 | 7,255 | 7,196 | 6,639 | 5,672 | 5,488 | 5,794 | 6,008 | 7,078 | 7,102 | 6,652 | 7,085 | 5,316 | 4,624 | Upgrade |
Free Cash Flow Per Share | 10.27 | 9.60 | 9.31 | 9.24 | 9.09 | 9.76 | 9.84 | 9.91 | 9.80 | 9.02 | 7.68 | 7.40 | 7.78 | 8.03 | 9.43 | 9.45 | 8.85 | 9.43 | 7.09 | 6.17 | Upgrade |
Dividend Per Share | 7.080 | 6.980 | 6.880 | 6.780 | 6.680 | 6.530 | 6.380 | 6.230 | 6.080 | 5.940 | 5.800 | 5.660 | 5.520 | 5.430 | 5.340 | 5.250 | 5.160 | 5.120 | 5.080 | 5.040 | Upgrade |
Dividend Growth | 5.99% | 6.89% | 7.84% | 8.83% | 9.87% | 9.93% | 10.00% | 10.07% | 10.14% | 9.39% | 8.61% | 7.81% | 6.98% | 6.05% | 5.12% | 4.17% | 3.20% | 4.28% | 5.39% | 6.55% | Upgrade |
Gross Margin | 57.43% | 56.99% | 56.83% | 56.75% | 56.62% | 56.97% | 57.01% | 57.12% | 57.24% | 57.45% | 57.53% | 56.97% | 56.13% | 55.29% | 54.55% | 54.17% | 53.71% | 53.22% | 51.37% | 50.77% | Upgrade |
Operating Margin | 46.13% | 46.13% | 45.86% | 45.73% | 45.51% | 45.67% | 45.81% | 46.07% | 46.02% | 45.89% | 45.41% | 44.71% | 43.70% | 43.14% | 42.69% | 43.74% | 42.00% | 42.18% | 38.55% | 38.91% | Upgrade |
Profit Margin | 32.04% | 32.21% | 31.75% | 31.72% | 31.79% | 32.25% | 33.36% | 33.22% | 33.32% | 33.06% | 29.36% | 26.65% | 25.41% | 25.77% | 29.93% | 32.49% | 32.33% | 31.71% | 26.31% | 24.63% | Upgrade |
Free Cash Flow Margin | 28.07% | 26.47% | 26.09% | 25.74% | 25.37% | 27.55% | 27.87% | 28.46% | 28.77% | 27.44% | 24.22% | 23.67% | 24.91% | 25.46% | 29.79% | 30.58% | 29.53% | 32.58% | 27.10% | 24.08% | Upgrade |
EBITDA | 14,292 | 14,170 | 13,896 | 13,949 | 13,846 | 13,771 | 13,801 | 13,724 | 13,455 | 13,015 | 12,514 | 12,236 | 12,056 | 12,071 | 12,038 | 12,026 | 11,313 | 10,994 | 9,347 | 9,225 | Upgrade |
EBITDA Margin | 54.42% | 54.37% | 54.05% | 53.82% | 53.38% | 53.46% | 53.56% | 53.83% | 53.79% | 53.79% | 53.44% | 52.78% | 51.82% | 51.16% | 50.66% | 51.79% | 50.22% | 50.56% | 47.64% | 48.03% | Upgrade |
D&A For EBITDA | 2,176 | 2,149 | 2,107 | 2,097 | 2,041 | 2,007 | 1,998 | 1,978 | 1,944 | 1,912 | 1,881 | 1,871 | 1,889 | 1,893 | 1,894 | 1,868 | 1,851 | 1,822 | 1,784 | 1,751 | Upgrade |
EBIT | 12,116 | 12,021 | 11,789 | 11,852 | 11,805 | 11,764 | 11,803 | 11,746 | 11,510 | 11,103 | 10,633 | 10,365 | 10,167 | 10,178 | 10,144 | 10,158 | 9,462 | 9,172 | 7,563 | 7,474 | Upgrade |
EBIT Margin | 46.13% | 46.13% | 45.86% | 45.73% | 45.51% | 45.67% | 45.81% | 46.07% | 46.02% | 45.89% | 45.41% | 44.71% | 43.70% | 43.14% | 42.69% | 43.74% | 42.00% | 42.18% | 38.55% | 38.91% | Upgrade |
Effective Tax Rate | 21.18% | 20.60% | 20.49% | 20.51% | 20.11% | 20.14% | 19.38% | 19.51% | 19.45% | 19.69% | 19.60% | 21.06% | 22.14% | 21.53% | 18.40% | 17.34% | 17.70% | 17.66% | 22.38% | 22.96% | Upgrade |
Revenue as Reported | 26,264 | 26,060 | 25,707 | 25,920 | 25,938 | 25,758 | 25,765 | 25,494 | 25,015 | 24,194 | 23,415 | 23,183 | 23,265 | 23,594 | 23,764 | 23,223 | 22,528 | 21,744 | 19,618 | 19,208 | Upgrade |
Advertising Expenses | - | - | - | 355 | - | - | - | 347 | - | - | - | 335 | - | - | - | 377.6 | - | - | - | 325.5 | Upgrade |
Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.