McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
274.15
+0.43 (0.16%)
At close: Aug 11, 2026, 4:00 PM EDT
273.87
-0.28 (-0.10%)
After-hours: Aug 11, 2026, 5:49 PM EDT
McDonald's Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 | 463.5 | 465.6 | 462.2 | 479.7 | 481.6 | 469.2 |
Stock-Based Compensation | 39 | 60 | 37 | 39 | 44 | 45 | 44 | 40 | 38 | 50 | 37 | 43 | 45 | 50 | 36.1 | 38.3 | 38.3 | 54.3 | 41.3 | 34.1 |
Other Adjustments | -109 | -29 | -87 | -18 | -112 | -117 | -22 | -170 | -210 | -169 | -201 | -282 | -198 | -117 | -793.5 | -241.9 | 97.9 | 21.5 | 13.6 | -209.4 |
Changes in Other Operating Activities | -50 | -168 | - | 570 | -731 | 111 | - | 79 | -663 | 70 | - | 453 | -976 | 195 | - | 190.3 | -1,168 | 473.4 | - | 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 | 2,202 | 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% | 13.05% | 24.45% | 170.67% | 13.44% | -17.43% | -7.03% | -64.34% | 0.44% | 33.81% | -10.94% |
Capital Expenditures | -831 | -682 | -1,059 | -1,011 | -744 | -551 | -807 | -794 | -628 | -547 | -757 | -570 | -526 | -503 | -528.7 | -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 | 16.7 | 11.1 | 6.3 | 4.9 | 8.3 | 41.3 |
Purchases of Investments | - | - | - | - | - | - | 0 | - | -17 | -1,820 | - | - | - | - | - | - | - | - | - | - |
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 |
Proceeds from Business Divestments | 137 | 72 | 161 | 102 | 34 | 49 | 155 | 54 | 60 | 42 | 99 | 16 | 59 | 21 | 44.7 | 33.1 | 351.7 | 16.5 | 54.3 | 60.1 |
Other Investing Activities | -121 | -122 | -149 | -116 | -114 | -200 | -106 | -103 | -165 | -124 | -104 | -301 | -93 | -179 | -146.4 | -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 |
Short-Term Debt Issued | 492 | -791 | 800 | -599 | 597 | -792 | 193 | 474 | -2 | -339 | 350 | 6 | -158 | 13 | 15.3 | -305.4 | 310.1 | 6 | 7.5 | -0.3 |
Net Short-Term Debt Issued (Repaid) | 492 | -791 | 800 | -599 | 597 | -792 | 193 | 474 | -2 | -339 | 350 | 6 | -158 | 13 | 15.3 | -305.4 | 310.1 | 6 | 7.5 | -0.3 |
Long-Term Debt Issued | - | 1,159 | -10 | 1,833 | 1,403 | 1,498 | 649 | - | 1,731 | - | 2,171 | 1,996 | - | 1,054 | -0.5 | 1,500 | 1,875 | - | 1,154 | - |
Long-Term Debt Repaid | -580 | -1 | -2,158 | -1,251 | -700 | -693 | -992 | - | -500 | -1,285 | -1,064 | - | -1,376 | - | -0.2 | -0.4 | -850.8 | -1,351 | -500.6 | -0.4 |
Net Long-Term Debt Issued (Repaid) | -580 | 1,158 | -2,168 | 582 | 703 | 805 | -343 | - | 1,231 | -1,285 | 1,107 | 1,996 | -1,376 | 1,054 | -0.7 | 1,500 | 1,024 | -1,351 | 653.8 | -0.4 |
Issuance of Common Stock | 14 | 128 | 69 | 29 | 41 | 147 | 75 | 132 | 22 | 99 | 49 | 62 | 75 | 74 | 79.7 | 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 |
Net Common Stock Issued (Repurchased) | -842 | -268 | -504 | -472 | -464 | -330 | -428 | -337 | -912 | -819 | -802 | -992 | -495 | -504 | -409.4 | -806.8 | -984 | -1,448 | -716.2 | 48.9 |
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 | -1,111 | -1,015 | -1,017 | -1,025 | -1,029 | -963.9 |
Other Financing Activities | -140 | -2 | -46 | -35 | -126 | 40 | -30 | -27 | 13 | -12 | -33 | -42 | 44 | -10 | -10.7 | 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 |
Foreign Exchange Rate Adjustments | 99 | -14 | -24 | 6 | 65 | 39 | -148 | 46 | -21 | 21 | 19 | -89 | 8 | 3 | 142.2 | -198.6 | -75.4 | -122.2 | -42.4 | -49.1 |
Net Cash Flow | -348 | 396 | -1,639 | 537 | 638 | 153 | -136 | 429 | -46 | -3,742 | 1,083 | 1,871 | -2,083 | 1,124 | -245.1 | 955.8 | -463.2 | -2,374 | 403.4 | 1,256 |
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% | 3.53% | 29.24% | 536.51% | 10.67% | -15.47% | -10.09% | -85.59% | -1.32% | 29.39% | -16.98% |
FCF Margin | 27.83% | 26.55% | 23.37% | 34.15% | 18.33% | 31.51% | 28.55% | 28.26% | 16.35% | 29.88% | 27.04% | 36.75% | 17.65% | 32.50% | 28.23% | 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 | 1,958 | 2,066 | 313 | 2,379 | 2,622 | 1,961 | 1,612 | 2,546 | 2,462 | 338 | 3,236 | 4,700 | -234 | 3,051 | 1,852 | 3,301 | 1,378 | 311.7 | 2,095 | 2,291 |
Unlevered Free Cash Flow | 2,369 | 2,020 | 1,993 | 2,711 | 1,614 | 2,204 | 2,025 | 2,346 | 1,522 | 2,225 | 2,012 | 2,924 | 1,536 | 2,195 | 2,037 | 2,284 | 299.2 | 2,209 | 1,658 | 2,527 |