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McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
276.66
-5.51 (-1.95%)
Nov 11, 2026, 1:28 PM EST - Market open

McDonald's Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
2,4862,3621,9832,1642,2782,2531,8682,0162,2552,0221,9292,0392,3172,3101,8021,9031,9821,1881,1041,639
Depreciation & Amortization
567565566576559544520553532502510497498492490463.1465.6462.2479.7481.6
Loss (Gain) From Sale of Assets
----149----37----103---732.7----97.8
Stock-Based Compensation
46396037394445444038503743455035.838.338.354.341.3
Other Operating Activities
-142-109-29-87-18-112-116-21-170-210-169-201-282-198-117-793.6-241.997.921.513.6
Change in Accounts Receivable
---231---10----161----264.1---309.9
Change in Inventory
----140---71---17---5.6----62.2
Change in Accounts Payable
---100----10---50---31.3---225
Change in Income Taxes
----239----292----220----546.7----302.5
Change in Other Net Operating Assets
74-50-168204570-73111129779-66370534453-976195633.9190.3-1,168473.4418.8
Operating Cash Flow
3,0312,8072,4122,6973,4281,9982,4282,6312,7361,6892,3902,4893,0291,6732,4202,2012,434618.12,1332,667
Operating Cash Flow Growth (YoY)
-11.58%40.49%-0.66%2.51%25.29%18.30%1.59%5.71%-9.67%0.96%-1.24%13.06%24.45%170.67%13.44%-17.44%-7.03%-64.34%0.44%33.81%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-884-831-682-1,059-1,011-744-551-807-794-628-547-757-570-526-503-528.9-531.2-437.9-401.2-687.2
Sale of Property, Plant & Equipment
49213492221159010148601441816.611.16.34.98.3
Cash Acquisitions
-65-74-79-114-109-56-75-74-433-110-52-137-92-114-98-457.5-152.3-110.5-86.7-257.5
Divestitures
2041377216110234491555460429916592144.633.1351.716.554.3
Investment in Securities
----------17-1,820---------
Other Investing Activities
-139-121-122-149-116-114-199-106-103-165-124-105-301-93-179-146.1-93.8-128.8-88-240.6
Investing Cash Flow
-835-868-777-1,069-1,112-869-771-742-1,266-846-2,493-840-933-670-741-1,071-733.1-319.2-554.5-1,123

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Short-Term Debt Issued
200492---597--474---6-13--310.16-
Long-Term Debt Issued
--1,159-1,8331,4031,498--1,731--1,996-1,054-1,5001,875--
Total Debt Issued
2004921,159-41,8332,0001,4988424741,731-2,3842,002-1,06714.81,5002,18561,162
Short-Term Debt Repaid
---791--599--792---2-339---158---305.4---
Long-Term Debt Repaid
-145-580-1--1,251-700-693---500-1,285---1,376---0.4-850.8-1,351-
Total Debt Repaid
-145-580-792-1,364-1,850-700-1,485-992--502-1,624-927--1,534--0.6-305.8-850.8-1,351-500.6
Net Debt Issued (Repaid)
55-88367-1,368-171,30013-1504741,229-1,6241,4572,002-1,5341,06714.21,1941,334-1,345661.3
Issuance of Common Stock
13141286929411477513222994962757479.962.447.258.787.1
Repurchase of Common Stock
-519-856-396-573-501-505-477-503-469-934-918-851-1,054-570-578-489.1-869.2-1,031-1,507-803.3
Common Dividends Paid
-1,314-1,317-1,323-1,323-1,262-1,265-1,266-1,268-1,197-1,199-1,206-1,208-1,105-1,109-1,111-1,112-1,015-1,017-1,025-1,029
Other Financing Activities
-32-140-1-46-35-12640-32-2713-12-33-4244-10-10.580.9-19.6-12.6-14
Financing Cash Flow
-1,797-2,387-1,225-3,241-1,786-555-1,543-1,878-1,087-869-3,661-586-137-3,094-558-1,517-546.4-686.7-3,830-1,098

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-2899-14-2466539-14846-212119-8983142.4-198.6-75.4-122.2-42.4
Miscellaneous Cash Flow Adjustments
-1--21-1-1-12-1-------
Net Cash Flow
371-348396-1,639537638153-136429-46-3,7411,0821,871-2,0831,124-244.5955.8-463.2-2,374403.4

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
2,1471,9761,7301,6382,4171,2541,8771,8241,9421,0611,8431,7322,4591,1471,9171,6731,903180.21,7321,979
Free Cash Flow Growth (YoY)
-11.17%57.58%-7.83%-10.20%24.46%18.19%1.85%5.31%-21.02%-7.50%-3.86%3.56%29.24%536.51%10.67%-15.50%-10.09%-85.59%-1.32%29.39%
Free Cash Flow Margin
30.00%27.83%26.55%23.37%34.15%18.32%31.51%28.55%28.26%16.35%29.88%27.03%36.74%17.65%32.50%28.22%32.40%3.15%30.57%32.94%
Free Cash Flow Per Share
3.032.782.422.293.381.752.612.532.701.472.542.383.361.562.612.272.570.242.322.63
Levered Free Cash Flow
1,4451,4731,1191,6362,0361,1611,462-265.53,0721,0371,2831,9082,0611,0561,5331,7731,62570.661,805632.54
Unlevered Free Cash Flow
1,7001,7291,3691,8922,2901,4051,697-283,3111,2711,5162,1332,2751,2631,7391,9751,817252.291,984817.29

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
---1,555---1,523---1,287---1,184---1,197
Cash Income Tax Paid
---2,688---3,000---2,993---3,024---2,404
Change in Working Capital
74-50-168156570-7311117679-66370220453-976195-140190.3-1,168473.4589
SEC Filings: 10-K · 10-Q