McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
280.27
-0.53 (-0.19%)
At close: May 20, 2026, 4:00 PM EDT
280.78
+0.51 (0.18%)
After-hours: May 20, 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.
Fiscal Quarter | 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 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Jun '21 Jun 30, 2021 |
Net Income | 8,678 | 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 |
Depreciation & Amortization | 2,245 | 2,199 | 2,176 | 2,149 | 2,107 | 2,097 | 2,041 | 2,007 | 1,997 | 1,977 | 1,944 | 1,911 | 1,881 | 1,871 | 1,889 | 1,893 | 1,894 | 1,868 | 1,851 | 1,822 |
Stock-Based Compensation | 180 | 165 | 172 | 173 | 167 | 172 | 165 | 168 | 175 | 175 | 174.1 | 169.4 | 162.7 | 167 | 172.2 | 168 | 166.2 | 139.2 | 126.3 | 99.5 |
Other Adjustments | -246 | -334 | -269 | -421 | -519 | -571 | -750 | -862 | -850 | -798 | -1,391 | -1,350 | -1,055 | -916 | -108.9 | -76.4 | -614.4 | -767.4 | -1,021 | -906 |
Change in Receivables | - | 231 | - | - | - | 10 | - | - | - | -161 | - | - | - | -264 | - | - | - | 309.9 | - | - |
Changes in Accounts Payable | - | 100 | - | - | - | -10 | - | - | - | 50 | - | - | - | 31 | - | - | - | 225 | - | - |
Changes in Accrued Expenses | - | 154 | - | - | - | -217 | - | - | - | 206 | - | - | - | 129 | - | - | - | 284 | - | - |
Changes in Income Taxes Payable | - | -239 | - | - | - | -292 | - | - | - | -220 | - | - | - | -547 | - | - | - | -302.5 | - | - |
Changes in Other Operating Activities | -329 | -190 | -50 | -541 | -473 | -443 | -514 | -140 | -453 | -311 | -328 | -590.7 | -783 | -498.6 | -504.6 | -520.9 | 101.5 | -197 | -134.8 | 515.5 |
Operating Cash Flow | 10,535 | 10,551 | 10,485 | 9,793 | 9,484 | 9,446 | 9,304 | 9,597 | 9,581 | 9,611 | 9,324 | 8,729 | 7,674 | 7,387 | 7,852 | 8,036 | 9,151 | 9,142 | 8,468 | 8,790 |
Operating Cash Flow Growth | 11.08% | 11.70% | 12.69% | 2.04% | -1.01% | -1.72% | -0.21% | 9.95% | 24.86% | 30.11% | 18.75% | 8.62% | -16.14% | -19.19% | -7.27% | -8.58% | 33.72% | 45.91% | 37.43% | 59.55% |
Capital Expenditures | -3,496 | -3,365 | -3,113 | -2,896 | -2,780 | -2,776 | -2,726 | -2,502 | -2,400 | -2,356 | -2,128 | -2,089 | -2,001 | -1,899 | -2,058 | -2,028 | -2,073 | -2,040 | -1,816 | -1,705 |
Sale of Property, Plant & Equipment | 159 | 130 | 128 | 116 | 119 | 122 | 92 | 96 | 86 | 96 | 52.7 | 49.8 | 52.1 | 39 | 30.6 | 60.8 | 78.3 | 106.2 | 107.5 | 66.4 |
Purchases of Investments | - | - | 0 | 0 | -17 | -1,837 | -1,837 | -1,837 | -1,820 | - | - | - | - | - | - | - | - | - | - | - |
Payments for Business Acquisitions | -358 | -354 | -314 | -638 | -692 | -669 | -732 | -391 | -395 | -441 | -761.5 | -821.8 | -818.3 | -807 | -607 | -483.3 | -422.2 | -374.2 | -132.8 | -110.9 |
Proceeds from Business Divestments | 369 | 346 | 340 | 292 | 318 | 311 | 255 | 217 | 216 | 195 | 140.7 | 157.8 | 450.5 | 446 | 455.6 | 482.6 | 183.1 | 196.2 | 182.7 | 130.6 |
Other Investing Activities | -501 | -579 | -536 | -523 | -574 | -498 | -496 | -694 | -622 | -677 | -719.4 | -512.2 | -548 | -457 | -551.2 | -413.6 | -242.3 | -53.9 | 252.6 | 329.6 |
Investing Cash Flow | -3,827 | -3,821 | -3,494 | -3,648 | -3,625 | -5,347 | -5,445 | -5,112 | -4,936 | -3,184 | -3,415 | -3,215 | -2,865 | -2,678 | -2,730 | -2,381 | -2,476 | -2,166 | -1,406 | -1,289 |
Short-Term Debt Issued | 7 | 6 | -601 | 472 | -127 | 326 | 483 | 15 | -141 | 211 | -123.7 | -435.1 | 33 | 26 | 18.2 | 323.3 | 14.6 | 15.1 | 0.2 | -992.9 |
Net Short-Term Debt Issued (Repaid) | 7 | 6 | -601 | 472 | -127 | 326 | 483 | 15 | -141 | 211 | -123.7 | -435.1 | 33 | 26 | 18.2 | 323.3 | 14.6 | 15.1 | 0.2 | -992.9 |
Long-Term Debt Issued | 4,385 | 4,724 | 5,383 | 3,550 | 3,878 | 2,380 | 3,902 | 5,898 | 4,167 | 5,221 | 3,050 | 2,554 | 4,428 | 3,374 | 4,529 | 3,029 | 1,154 | 1,154 | 0 | 2.8 |
Long-Term Debt Repaid | -4,110 | -4,802 | -3,636 | -2,385 | -2,185 | -2,777 | -2,849 | -2,849 | -3,725 | -2,441 | -1,376 | -1,377 | -851.4 | -2,202 | -2,702 | -2,702 | -2,253 | -2,240 | -2,737 | -3,188 |
Net Long-Term Debt Issued (Repaid) | 275 | -78 | 1,747 | 1,165 | 1,693 | -397 | 1,053 | 3,049 | 442 | 2,781 | 1,673 | 1,177 | 3,577 | 1,172 | 1,827 | 326.5 | -1,098 | -1,086 | -2,737 | -3,185 |
Issuance of Common Stock | 267 | 286 | 292 | 395 | 376 | 328 | 302 | 232 | 285 | 260 | 290.7 | 291.1 | 263.3 | 248 | 255.4 | 259.6 | 285.3 | 285.7 | 231.8 | 270.5 |
Repurchase of Common Stock | -1,975 | -2,056 | -1,986 | -1,954 | -2,383 | -2,824 | -3,172 | -3,757 | -3,393 | -3,053 | -2,691 | -2,506 | -2,968 | -3,896 | -4,210 | -3,359 | -2,331 | -845.5 | -44.4 | -27.4 |
Net Common Stock Issued (Repurchased) | -1,708 | -1,770 | -1,694 | -1,559 | -2,007 | -2,496 | -2,870 | -3,525 | -3,108 | -2,793 | -2,400 | -2,215 | -2,704 | -3,648 | -3,955 | -3,099 | -2,045 | -559.8 | 187.4 | 243.1 |
Common Dividends Paid | -5,173 | -5,116 | -5,061 | -4,996 | -4,930 | -4,870 | -4,810 | -4,718 | -4,628 | -4,533 | -4,436 | -4,346 | -4,254 | -4,168 | -4,086 | -4,035 | -3,981 | -3,919 | -3,851 | -3,818 |
Other Financing Activities | -202 | -161 | -752 | 329 | -131 | 270 | 425.1 | -57.9 | -182.9 | 171.1 | -142.4 | -330.9 | 73.6 | 64 | 52.9 | 265.4 | -36.8 | -31.6 | -32.5 | -1,014 |
Financing Cash Flow | -6,807 | -7,125 | -5,762 | -5,063 | -5,377 | -7,495 | -6,203 | -5,253 | -7,478 | -4,375 | -5,306 | -5,715 | -3,308 | -6,580 | -6,161 | -6,542 | -7,162 | -5,596 | -6,433 | -7,774 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 33 | 86 | -38 | 2 | -84 | -102 | 65 | -70 | -41 | -59 | 64.2 | -45.4 | -128.8 | -254 | -438.6 | -289.1 | -197.4 | -120.1 | -6.7 | 67.4 |
Net Cash Flow | -68 | -311 | 1,192 | 1,084 | 400 | -3,495 | -2,276 | -834 | -2,871 | 1,995 | 666.9 | -248.3 | 1,372 | -2,126 | -1,478 | -1,177 | -684 | 1,260 | 622 | -206.3 |
Free Cash Flow | 7,039 | 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 |
Free Cash Flow Growth | 5.00% | 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% |
FCF Margin | 25.65% | 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% |
Free Cash Flow Per Share | 9.84 | 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 |
Levered Free Cash Flow | 7,380 | 7,150 | 8,574 | 8,741 | 8,581 | 6,510 | 8,582 | 10,736 | 8,040 | 10,806 | 9,369 | 7,970 | 9,582 | 6,461 | 7,085 | 6,075 | 5,952 | 6,312 | 4,447 | 3,351 |
Unlevered Free Cash Flow | 8,338 | 8,398 | 8,555 | 8,189 | 8,097 | 7,670 | 8,105 | 8,683 | 8,697 | 8,720 | 8,692 | 8,051 | 6,808 | 6,484 | 6,479 | 6,727 | 8,399 | 8,398 | 8,214 | 8,571 |
Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.