McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
307.14
-0.15 (-0.05%)
At close: Apr 2, 2026, 4:00 PM EDT
306.98
-0.16 (-0.05%)
After-hours: Apr 2, 2026, 7:59 PM EDT
McDonald's Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | 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 |
| 26,886 | 26,265 | 26,060 | 25,707 | 25,920 | 25,938 | 25,757 | 25,765 | 25,494 | 25,015 | 24,195 | 23,415 | 23,183 | 23,265 | 23,594 | 23,764 | 23,223 | 22,528 | 21,744 | 19,618 | |
Revenue Growth (YoY) | 3.73% | 1.26% | 1.18% | -0.22% | 1.67% | 3.69% | 6.46% | 10.03% | 9.97% | 7.52% | 2.55% | -1.47% | -0.17% | 3.27% | 8.51% | 21.13% | 20.90% | 16.59% | 12.05% | -6.82% |
Cost of Revenue | 11,450 | 11,182 | 11,207 | 11,098 | 11,209 | 11,252 | 11,082 | 11,076 | 10,930 | 10,696 | 10,294 | 9,944 | 9,976 | 10,206 | 10,550 | 10,802 | 10,643 | 10,428 | 10,172 | 9,540 |
Gross Profit | 15,436 | 15,083 | 14,853 | 14,609 | 14,711 | 14,686 | 14,675 | 14,689 | 14,564 | 14,319 | 13,901 | 13,471 | 13,207 | 13,059 | 13,045 | 12,962 | 12,580 | 12,099 | 11,573 | 10,079 |
Selling, General & Admin | 2,583 | 2,498 | 2,370 | 2,365 | 2,412 | 2,479 | 2,527 | 2,504 | 2,435 | 2,424 | 2,417 | 2,461 | 2,492 | 2,527 | 2,511 | 2,472 | 2,378 | 2,320 | 2,216 | 2,219 |
Depreciation & Amortization Expenses | 458 | 470 | 460 | 455 | 447 | 402 | 388 | 382 | 382 | 382 | 378.3 | 376.3 | 370 | 365.5 | 356.3 | 346.4 | 329.7 | 2,268 | 2,260 | 2,248 |
Other Operating Expenses | 2 | 9 | 85 | 163 | 139 | 160 | 96 | -47 | 99 | 82.9 | 120.4 | 1,043 | 974 | 981.1 | 769.8 | -243.4 | -483.3 | -646.3 | -599.7 | -355.4 |
Total Operating Expenses | 3,043 | 2,977 | 2,915 | 2,983 | 2,998 | 3,041 | 3,011 | 2,839 | 2,916 | 2,889 | 2,915 | 3,880 | 3,836 | 3,874 | 3,637 | 2,575 | 2,224 | 3,942 | 3,875 | 4,111 |
Operating Income | 12,393 | 12,105 | 11,936 | 11,624 | 11,712 | 11,646 | 11,666 | 11,850 | 11,646 | 11,427 | 10,983 | 9,590 | 9,371 | 9,185 | 9,408 | 10,387 | 10,356 | 10,102 | 9,642 | 7,912 |
Interest Expense | -1,582 | -1,552 | -1,527 | -1,510 | -1,506 | -1,486 | -1,446 | -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 |
Other Non-Operating Income (Expense) | 86 | 123 | 160 | 151 | 139 | 163 | 183 | 217 | 236 | 241.7 | 264.2 | 209.1 | -339 | -411.4 | -491.3 | -497.8 | -42.3 | -52.6 | -50.4 | -25.1 |
Total Non-Operating Income (Expense) | -1,496 | -1,429 | -1,367 | -1,359 | -1,367 | -1,323 | -1,263 | -1,186 | -1,125 | -1,082 | -1,025 | -1,041 | -1,546 | -1,591 | -1,659 | -1,671 | -1,228 | -1,252 | -1,266 | -1,263 |
Pretax Income | 10,897 | 10,678 | 10,572 | 10,266 | 10,345 | 10,322 | 10,403 | 10,665 | 10,523 | 10,347 | 9,959 | 8,551 | 7,825 | 7,594 | 7,750 | 8,716 | 9,128 | 8,850 | 8,376 | 6,649 |
Provision for Income Taxes | 2,334 | 2,261 | 2,178 | 2,103 | 2,121 | 2,076 | 2,094 | 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 |
Net Income | 8,563 | 8,415 | 8,392 | 8,161 | 8,222 | 8,245 | 8,307 | 8,595 | 8,468 | 8,332 | 7,997 | 6,875 | 6,177 | 5,913 | 6,081 | 7,112 | 7,545 | 7,284 | 6,896 | 5,161 |
Net Income to Common | 8,563 | 8,415 | 8,392 | 8,161 | 8,222 | 8,245 | 8,307 | 8,595 | 8,468 | 8,332 | 7,997 | 6,875 | 6,177 | 5,913 | 6,081 | 7,112 | 7,545 | 7,284 | 6,896 | 5,161 |
Net Income Growth | 4.15% | 2.06% | 1.02% | -5.05% | -2.90% | -1.04% | 3.88% | 25.02% | 37.09% | 40.91% | 31.50% | -3.34% | -18.13% | -18.82% | -11.82% | 37.82% | 59.50% | 47.88% | 44.55% | -11.08% |
Shares Outstanding (Basic) | 714 | 716 | 716 | 718 | 719 | 721 | 724 | 727 | 729 | 731 | 733 | 735 | 738 | 742 | 745 | 747 | 748 | 748 | 747 | 746 |
Shares Outstanding (Diluted) | 716 | 718 | 719 | 720 | 722 | 724 | 727 | 730 | 732 | 734 | 736 | 738 | 741 | 745 | 748 | 751 | 752 | 752 | 751 | 750 |
Shares Change (YoY) | -0.75% | -0.84% | -1.09% | -1.36% | -1.42% | -1.42% | -1.29% | -1.13% | -1.21% | -1.45% | -1.62% | -1.69% | -1.40% | -0.86% | -0.34% | 0.11% | 0.23% | 0.06% | -0.49% | -1.26% |
EPS (Basic) | 11.99 | 11.76 | 11.71 | 11.37 | 11.43 | 11.43 | 11.47 | 11.83 | 11.63 | 11.42 | 10.93 | 9.37 | 8.39 | 7.98 | 8.16 | 9.52 | 10.09 | 9.75 | 9.24 | 6.92 |
EPS (Diluted) | 11.95 | 11.72 | 11.67 | 11.33 | 11.39 | 11.39 | 11.43 | 11.78 | 11.57 | 11.36 | 10.87 | 9.32 | 8.35 | 7.94 | 8.12 | 9.47 | 10.04 | 9.70 | 9.19 | 6.89 |
EPS Growth | 4.92% | 2.90% | 2.10% | -3.82% | -1.56% | 0.26% | 5.15% | 26.40% | 38.56% | 43.07% | 33.87% | -1.58% | -16.83% | -18.14% | -11.64% | 37.45% | 59.11% | 48.09% | 45.64% | -9.70% |
Shares Outstanding | 710.6 | 712.15 | 713.6 | 715.83 | 715.2 | 716.62 | 717.34 | 720.68 | 722.7 | 725.34 | 728.76 | 730.09 | 731.3 | 732.42 | 735.72 | 739.54 | 744.8 | 747.25 | 746.8 | 746.17 |
Free Cash Flow | 7,186 | 7,372 | 6,897 | 6,704 | 6,670 | 6,578 | 7,095 | 7,181 | 7,255 | 7,196 | 6,640 | 5,673 | 5,488 | 5,794 | 6,008 | 7,078 | 7,102 | 6,652 | 7,085 | 5,316 |
Free Cash Flow Growth | 7.74% | 12.07% | -2.79% | -6.64% | -8.06% | -8.59% | 6.86% | 26.58% | 32.20% | 24.19% | 10.52% | -19.86% | -22.72% | -12.89% | -15.20% | 33.15% | 53.57% | 56.44% | 105.91% | 0.56% |
Free Cash Flow Per Share | 10.03 | 10.27 | 9.59 | 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 |
Dividends Per Share | 7.170 | 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 |
Dividend Growth | 5.75% | 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% |
Gross Margin | 57.41% | 57.43% | 57.00% | 56.83% | 56.76% | 56.62% | 56.97% | 57.01% | 57.13% | 57.24% | 57.45% | 57.53% | 56.97% | 56.13% | 55.29% | 54.54% | 54.17% | 53.71% | 53.22% | 51.37% |
Operating Margin | 46.09% | 46.09% | 45.80% | 45.22% | 45.19% | 44.90% | 45.29% | 45.99% | 45.68% | 45.68% | 45.39% | 40.96% | 40.42% | 39.48% | 39.87% | 43.71% | 44.59% | 44.84% | 44.34% | 40.33% |
Profit Margin | 31.85% | 32.05% | 32.21% | 31.75% | 31.73% | 31.79% | 32.26% | 33.37% | 33.22% | 33.32% | 33.05% | 29.36% | 26.64% | 25.41% | 25.77% | 29.93% | 32.49% | 32.33% | 31.72% | 26.31% |
FCF Margin | 26.73% | 28.07% | 26.47% | 26.08% | 25.73% | 25.36% | 27.55% | 27.87% | 28.46% | 28.77% | 27.44% | 24.23% | 23.67% | 24.91% | 25.46% | 29.79% | 30.58% | 29.53% | 32.58% | 27.10% |
EBITDA | 14,592 | 14,281 | 14,085 | 13,731 | 13,809 | 13,687 | 13,673 | 13,847 | 13,623 | 13,370 | 12,894 | 11,472 | 11,242 | 11,075 | 11,301 | 12,281 | 12,224 | 11,953 | 11,463 | 9,696 |
EBITDA Margin | 54.27% | 54.37% | 54.05% | 53.41% | 53.28% | 52.77% | 53.08% | 53.74% | 53.44% | 53.45% | 53.29% | 48.99% | 48.49% | 47.60% | 47.90% | 51.68% | 52.64% | 53.06% | 52.72% | 49.42% |
EBIT | 12,393 | 12,105 | 11,936 | 11,624 | 11,712 | 11,646 | 11,666 | 11,850 | 11,646 | 11,427 | 10,983 | 9,590 | 9,371 | 9,185 | 9,408 | 10,387 | 10,356 | 10,102 | 9,642 | 7,912 |
EBIT Margin | 46.09% | 46.09% | 45.80% | 45.22% | 45.19% | 44.90% | 45.29% | 45.99% | 45.68% | 45.68% | 45.39% | 40.96% | 40.42% | 39.48% | 39.87% | 43.71% | 44.59% | 44.84% | 44.34% | 40.33% |
Effective Tax Rate | 21.42% | 21.17% | 20.60% | 20.49% | 20.50% | 20.11% | 20.13% | 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% |
Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.