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McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
270.95
+1.82 (0.68%)
At close: Aug 21, 2026, 4:00 PM EDT
270.85
-0.10 (-0.04%)
After-hours: Aug 21, 2026, 7:59 PM EDT

McDonald's Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Net Income
8,7878,6788,5638,4158,3938,1628,2238,2468,3078,5968,4698,3337,9986,8756,1775,9136,0817,1127,5457,284
Depreciation & Amortization
2,2662,2452,1992,1762,1492,1072,0972,0412,0071,9981,9781,9441,9121,8811,8711,8891,8931,8941,8681,851
Loss (Gain) From Sale of Assets
-149-149-149-37-37-37-37-103-103-103-103732.7732.7732.7733-97.8-97.8-97.8-97.8-28.2
Stock-Based Compensation
175180165172173167172165168175175173.8169.1162.4167172.2168166.2139.2126.3
Other Operating Activities
-243-246-333-267-419-517-570-750-862-851-799-1,392-1,352-1,055-916-108.9-76.4-614.4-767.4-1,021
Change in Accounts Receivable
23123123110101010-161-161-161-161-264.1-264.1-264.1-264309.9309.9309.9309.9-6.8
Change in Inventory
-140-140-14071717171171717175.65.65.66-62.2-62.2-62.2-62.2-68.6
Change in Accounts Payable
100100100-10-10-10-105050505031.331.331.331225225225225-137.5
Change in Income Taxes
-239-239-239-292-292-292-292-220-220-220-220-546.7-546.7-546.7-547-302.5-302.5-302.5-302.5-43.6
Change in Other Net Operating Assets
559-125154247-244-176-2172039481206305.943.2-149.1129-85.8-102.1520.3284512.4
Operating Cash Flow
11,34710,53510,55110,4859,7949,4859,4479,3059,5979,5829,6129,3248,7297,6737,3877,8528,0369,1519,1428,468
Operating Cash Flow Growth (YoY)
15.86%11.07%11.69%12.68%2.05%-1.01%-1.72%-0.21%9.94%24.87%30.12%18.75%8.63%-16.14%-19.19%-7.27%-8.58%33.72%45.91%37.43%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Capital Expenditures
-3,586-3,496-3,365-3,113-2,896-2,779-2,775-2,725-2,501-2,401-2,357-2,129-2,090-2,001-1,899-2,058-2,028-2,073-2,040-1,816
Sale of Property, Plant & Equipment
1701591301281161191229295859551.649.7523930.660.878.3106.2107.5
Cash Acquisitions
-376-358-354-314-638-692-669-732-391-395-441-761.5-821.8-818.3-807-607-483.3-422.2-374.2-132.8
Divestitures
472369346340292318311255217216195140.6157.7450.4446455.6482.6183.1196.2182.7
Investment in Securities
------17-1,837-1,837-1,837-1,820----------
Other Investing Activities
-509-502-579-536-523-573-498-497-694-622-677-718.1-511.9-547.7-457-551.2-413.6-242.3-53.9252.6
Investing Cash Flow
-3,829-3,828-3,822-3,495-3,649-3,624-5,346-5,444-5,111-4,937-3,185-3,416-3,216-2,865-2,678-2,730-2,381-2,476-2,166-1,406

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Short-Term Debt Issued
--6---326---213---26---15.1-
Long-Term Debt Issued
--4,724---2,380---5,221---3,374---1,154-
Total Debt Issued
2,9884,3914,7305,5763,8764,2042,7064,2486,1114,3675,4343,0652,2634,4613,4004,5473,3521,1691,1707.6
Long-Term Debt Repaid
---4,802----2,777----2,441----2,202----2,240-
Total Debt Repaid
-4,094-4,109-4,802-4,430-2,239-2,638-2,777-2,712-3,046-4,065-2,441-1,515-1,522-851.8-2,202-2,702-2,702-2,253-2,240-2,744
Net Debt Issued (Repaid)
-1,106282-721,1461,6371,566-711,5363,0653022,9931,550741.43,6091,1981,845649.8-1,084-1,071-2,737
Issuance of Common Stock
239266285291395376328302232285260290.9291.3263.5248255.4259.6285.3285.7231.8
Repurchase of Common Stock
-2,325-1,975-2,056-1,986-1,954-2,383-2,824-3,172-3,758-3,394-3,054-2,692-2,506-2,968-3,896-4,210-3,359-2,331-845.5-44.4
Common Dividends Paid
-5,225-5,172-5,115-5,060-4,995-4,930-4,870-4,810-4,718-4,628-4,533-4,437-4,346-4,254-4,168-4,086-4,035-3,981-3,919-3,851
Other Financing Activities
-222-208-167-153-146-6-58-59-73-42-40-17.5104.440.83834.7-57.9-51.4-46.7-32.7
Financing Cash Flow
-8,639-6,807-7,125-5,762-5,063-5,377-7,495-6,203-5,252-7,477-4,374-5,305-5,715-3,308-6,580-6,161-6,542-7,162-5,596-6,433

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Foreign Exchange Rate Adjustments
673386-382-83-10166-69-40-5865.4-44.2-128.6-254-438.6-289.1-197.4-120.1-6.7
Miscellaneous Cash Flow Adjustments
--1-12--11-12----------
Net Cash Flow
-1,054-68-3111,1921,084400-3,494-2,276-834-2,8701,995668.5-246.71,372-2,125-1,478-1,177-6841,260622

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Free Cash Flow
7,7617,0397,1867,3726,8986,7066,6726,5807,0967,1817,2557,1966,6395,6725,4885,7946,0087,0787,1026,652
Free Cash Flow Growth (YoY)
12.51%4.97%7.70%12.04%-2.79%-6.62%-8.04%-8.55%6.88%26.60%32.20%24.18%10.51%-19.86%-22.72%-12.89%-15.20%33.15%53.57%56.44%
Free Cash Flow Margin
28.02%25.65%26.73%28.07%26.47%26.09%25.74%25.37%27.55%27.87%28.46%28.77%27.44%24.22%23.67%24.91%25.46%29.79%30.58%29.53%
Free Cash Flow Per Share
10.889.8410.0310.279.609.319.249.099.769.849.919.809.027.687.407.788.039.439.458.85
Levered Free Cash Flow
6,2625,9526,2964,3955,4285,3065,1277,3016,2926,3086,5586,4245,9875,0035,2884,1335,4086,3206,0086,911
Unlevered Free Cash Flow
7,2786,9567,2855,3656,3826,2506,0698,2297,1967,1857,4097,2516,7935,7846,0424,8716,1377,0536,7507,660

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
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 Sep '21
Cash Interest Paid
1,5551,5551,5551,5231,5231,5231,5231,2871,2871,2871,2871,1841,1841,1841,1841,1971,1971,1971,1971,136
Cash Income Tax Paid
2,6882,6882,6882,9743,0003,0003,0002,9932,9932,9933,0003,0243,0243,0243,0242,4042,4042,4042,4041,442
Change in Working Capital
511-17310626-465-397-438-29480-233-108-468-730.7-923-64584.468.1690.5454.2255.9
SEC Filings: 10-K · 10-Q