McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
272.83
+0.58 (0.21%)
At close: Aug 14, 2026, 4:00 PM EDT
273.28
+0.45 (0.16%)
After-hours: Aug 14, 2026, 7:57 PM EDT
McDonald's Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 27,015 | 26,238 | 25,497 | 25,179 | 22,854 | 22,873 |
Other Revenue | 687 | 647 | 423 | 315 | 329 | 350.1 |
| 27,702 | 26,885 | 25,920 | 25,494 | 23,183 | 23,223 | |
Revenue Growth | 6.30% | 3.72% | 1.67% | 9.97% | -0.17% | 20.90% |
Cost of Revenue | 11,806 | 11,451 | 11,210 | 10,931 | 9,975 | 10,643 |
Gross Profit | 15,896 | 15,434 | 14,710 | 14,563 | 13,208 | 12,580 |
Selling, General & Admin | 2,767 | 2,583 | 2,412 | 2,435 | 2,492 | 2,378 |
Other Operating Expenses | -1 | -1 | -1 | - | -19 | -285.4 |
Operating Expenses | 3,232 | 3,039 | 2,858 | 2,817 | 2,843 | 2,422 |
Operating Income | 12,664 | 12,395 | 11,852 | 11,746 | 10,365 | 10,158 |
Interest Expense | -1,625 | -1,582 | -1,506 | -1,361 | -1,207 | -1,186 |
Interest & Investment Income | 64 | 82 | 103 | 187 | 44 | 9 |
Earnings From Equity Investments | 195 | 190 | 157 | 153 | 113 | 176.7 |
Currency Exchange Gain (Loss) | -81 | -40 | -6 | 19 | 134 | -37 |
Other Non Operating Income (Expenses) | 24 | 45 | 41 | 30 | -518 | -14.3 |
EBT Excluding Unusual Items | 11,241 | 11,090 | 10,641 | 10,774 | 8,931 | 9,107 |
Merger & Restructuring Charges | -218 | -229 | -221 | -290 | - | - |
Gain (Loss) on Sale of Assets | 163 | 36 | -6 | 110 | -1,106 | 21.2 |
Asset Writedown | -1 | - | - | -72 | - | - |
Other Unusual Items | - | - | -70 | - | - | - |
Pretax Income | 11,185 | 10,897 | 10,344 | 10,522 | 7,825 | 9,128 |
Income Tax Expense | 2,398 | 2,334 | 2,121 | 2,053 | 1,648 | 1,583 |
Net Income | 8,787 | 8,563 | 8,223 | 8,469 | 6,177 | 7,545 |
Net Income to Common | 8,787 | 8,563 | 8,223 | 8,469 | 6,177 | 7,545 |
Net Income Growth | 4.69% | 4.13% | -2.90% | 37.10% | -18.13% | 59.50% |
Shares Outstanding (Basic) | 711 | 713 | 718 | 728 | 737 | 746 |
Shares Outstanding (Diluted) | 714 | 716 | 722 | 732 | 741 | 752 |
Shares Change | -0.73% | -0.76% | -1.42% | -1.21% | -1.40% | 0.23% |
EPS (Basic) | 12.36 | 12.00 | 11.45 | 11.63 | 8.39 | 10.11 |
EPS (Diluted) | 12.31 | 11.95 | 11.39 | 11.56 | 8.33 | 10.04 |
EPS Growth | 5.48% | 4.92% | -1.47% | 38.78% | -17.03% | 59.11% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 7,761 | 7,186 | 6,672 | 7,255 | 5,488 | 7,102 |
Free Cash Flow Per Share | 10.88 | 10.03 | 9.24 | 9.91 | 7.40 | 9.45 |
Dividend Per Share | 7.350 | 7.170 | 6.780 | 6.230 | 5.660 | 5.250 |
Dividend Growth | 5.30% | 5.75% | 8.83% | 10.07% | 7.81% | 4.17% |
Gross Margin | 57.38% | 57.41% | 56.75% | 57.12% | 56.97% | 54.17% |
Operating Margin | 45.72% | 46.10% | 45.73% | 46.07% | 44.71% | 43.74% |
Profit Margin | 31.72% | 31.85% | 31.72% | 33.22% | 26.65% | 32.49% |
Free Cash Flow Margin | 28.02% | 26.73% | 25.74% | 28.46% | 23.67% | 30.58% |
EBITDA | 14,930 | 14,594 | 13,949 | 13,724 | 12,236 | 12,026 |
EBITDA Margin | 53.90% | 54.28% | 53.82% | 53.83% | 52.78% | 51.79% |
D&A For EBITDA | 2,266 | 2,199 | 2,097 | 1,978 | 1,871 | 1,868 |
EBIT | 12,664 | 12,395 | 11,852 | 11,746 | 10,365 | 10,158 |
EBIT Margin | 45.72% | 46.10% | 45.73% | 46.07% | 44.71% | 43.74% |
Effective Tax Rate | 21.44% | 21.42% | 20.51% | 19.51% | 21.06% | 17.34% |
Revenue as Reported | 27,702 | 26,885 | 25,920 | 25,494 | 23,183 | 23,223 |
Advertising Expenses | - | 341 | 355 | 347 | 335 | 377.6 |