McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
236.50
-0.52 (-0.22%)
At close: Sep 25, 2026, 4:00 PM EDT
236.60
+0.10 (0.04%)
After-hours: Sep 25, 2026, 7:59 PM EDT
McDonald's Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Net Income | 2,362 | 1,983 | 2,164 | 2,278 | 2,253 | 1,868 | 2,016 | 2,255 | 2,022 | 1,929 | 2,039 | 2,317 | 2,310 | 1,802 | 1,903 | 1,982 | 1,188 | 1,104 | 1,639 | 2,150 |
Depreciation & Amortization | 565 | 566 | 576 | 559 | 544 | 520 | 553 | 532 | 502 | 510 | 497 | 498 | 492 | 490 | 463.1 | 465.6 | 462.2 | 479.7 | 481.6 | 469.2 |
Loss (Gain) From Sale of Assets | - | - | -149 | - | - | - | -37 | - | - | - | -103 | - | - | - | 732.7 | - | - | - | -97.8 | - |
Stock-Based Compensation | 39 | 60 | 37 | 39 | 44 | 45 | 44 | 40 | 38 | 50 | 37 | 43 | 45 | 50 | 35.8 | 38.3 | 38.3 | 54.3 | 41.3 | 34.1 |
Other Operating Activities | -109 | -29 | -87 | -18 | -112 | -116 | -21 | -170 | -210 | -169 | -201 | -282 | -198 | -117 | -793.6 | -241.9 | 97.9 | 21.5 | 13.6 | -209.4 |
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 | -50 | -168 | 204 | 570 | -731 | 111 | 297 | 79 | -663 | 70 | 534 | 453 | -976 | 195 | 633.9 | 190.3 | -1,168 | 473.4 | 418.8 | 174 |
Operating Cash Flow | 2,807 | 2,412 | 2,697 | 3,428 | 1,998 | 2,428 | 2,631 | 2,736 | 1,689 | 2,390 | 2,489 | 3,029 | 1,673 | 2,420 | 2,201 | 2,434 | 618.1 | 2,133 | 2,667 | 2,618 |
Operating Cash Flow Growth (YoY) | 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% | -10.94% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Capital Expenditures | -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 | -501.5 |
Sale of Property, Plant & Equipment | 21 | 34 | 92 | 22 | 11 | 5 | 90 | 10 | 14 | 8 | 60 | 14 | 4 | 18 | 16.6 | 11.1 | 6.3 | 4.9 | 8.3 | 41.3 |
Cash Acquisitions | -74 | -79 | -114 | -109 | -56 | -75 | -74 | -433 | -110 | -52 | -137 | -92 | -114 | -98 | -457.5 | -152.3 | -110.5 | -86.7 | -257.5 | -28.6 |
Divestitures | 137 | 72 | 161 | 102 | 34 | 49 | 155 | 54 | 60 | 42 | 99 | 16 | 59 | 21 | 44.6 | 33.1 | 351.7 | 16.5 | 54.3 | 60.1 |
Investment in Securities | - | - | - | - | - | - | - | - | -17 | -1,820 | - | - | - | - | - | - | - | - | - | - |
Other Investing Activities | -121 | -122 | -149 | -116 | -114 | -199 | -106 | -103 | -165 | -124 | -105 | -301 | -93 | -179 | -146.1 | -93.8 | -128.8 | -88 | -240.6 | 43.8 |
Investing Cash Flow | -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 | -384.9 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Short-Term Debt Issued | 492 | - | - | - | 597 | - | - | 474 | - | - | - | 6 | - | 13 | - | - | 310.1 | 6 | - | - |
Long-Term Debt Issued | - | 1,159 | - | 1,833 | 1,403 | 1,498 | - | - | 1,731 | - | - | 1,996 | - | 1,054 | - | 1,500 | 1,875 | - | - | - |
Total Debt Issued | 492 | 1,159 | -4 | 1,833 | 2,000 | 1,498 | 842 | 474 | 1,731 | - | 2,384 | 2,002 | - | 1,067 | 14.8 | 1,500 | 2,185 | 6 | 1,162 | - |
Short-Term Debt Repaid | - | -791 | - | -599 | - | -792 | - | - | -2 | -339 | - | - | -158 | - | - | -305.4 | - | - | - | -0.3 |
Long-Term Debt Repaid | -580 | -1 | - | -1,251 | -700 | -693 | - | - | -500 | -1,285 | - | - | -1,376 | - | - | -0.4 | -850.8 | -1,351 | - | -0.4 |
Total Debt Repaid | -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 | -0.7 |
Net Debt Issued (Repaid) | -88 | 367 | -1,368 | -17 | 1,300 | 13 | -150 | 474 | 1,229 | -1,624 | 1,457 | 2,002 | -1,534 | 1,067 | 14.2 | 1,194 | 1,334 | -1,345 | 661.3 | -0.7 |
Issuance of Common Stock | 14 | 128 | 69 | 29 | 41 | 147 | 75 | 132 | 22 | 99 | 49 | 62 | 75 | 74 | 79.9 | 62.4 | 47.2 | 58.7 | 87.1 | 66.6 |
Repurchase of Common Stock | -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 | -17.7 |
Common Dividends Paid | -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 | -963.9 |
Other Financing Activities | -140 | -1 | -46 | -35 | -126 | 40 | -32 | -27 | 13 | -12 | -33 | -42 | 44 | -10 | -10.5 | 80.9 | -19.6 | -12.6 | -14 | -11.7 |
Financing Cash Flow | -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 | -927.4 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Foreign Exchange Rate Adjustments | 99 | -14 | -24 | 6 | 65 | 39 | -148 | 46 | -21 | 21 | 19 | -89 | 8 | 3 | 142.4 | -198.6 | -75.4 | -122.2 | -42.4 | -49.1 |
Miscellaneous Cash Flow Adjustments | 1 | - | -2 | 1 | -1 | - | 1 | - | 1 | 2 | - | 1 | - | - | - | - | - | - | - | - |
Net Cash Flow | -348 | 396 | -1,639 | 537 | 638 | 153 | -136 | 429 | -46 | -3,741 | 1,082 | 1,871 | -2,083 | 1,124 | -244.5 | 955.8 | -463.2 | -2,374 | 403.4 | 1,256 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Free Cash Flow | 1,976 | 1,730 | 1,638 | 2,417 | 1,254 | 1,877 | 1,824 | 1,942 | 1,061 | 1,843 | 1,732 | 2,459 | 1,147 | 1,917 | 1,673 | 1,903 | 180.2 | 1,732 | 1,979 | 2,116 |
Free Cash Flow Growth (YoY) | 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% | -16.98% |
Free Cash Flow Margin | 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% | 34.13% |
Free Cash Flow Per Share | 2.78 | 2.42 | 2.29 | 3.38 | 1.75 | 2.61 | 2.53 | 2.70 | 1.47 | 2.54 | 2.38 | 3.36 | 1.56 | 2.61 | 2.27 | 2.57 | 0.24 | 2.32 | 2.63 | 2.81 |
Levered Free Cash Flow | 1,473 | 1,119 | 1,636 | 2,037 | 1,161 | 1,462 | -265.5 | 3,072 | 1,037 | 1,283 | 1,908 | 2,061 | 1,056 | 1,533 | 1,773 | 1,625 | 70.66 | 1,805 | 632.54 | 2,900 |
Unlevered Free Cash Flow | 1,729 | 1,369 | 1,892 | 2,291 | 1,405 | 1,697 | -28 | 3,311 | 1,271 | 1,516 | 2,133 | 2,275 | 1,263 | 1,739 | 1,975 | 1,817 | 252.29 | 1,984 | 817.29 | 3,084 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
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 | -50 | -168 | 156 | 570 | -731 | 111 | 76 | 79 | -663 | 70 | 220 | 453 | -976 | 195 | -140 | 190.3 | -1,168 | 473.4 | 589 | 174 |