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 Income 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 |
Operating Revenue | 6,918 | 6,324 | 6,846 | 6,926 | 6,671 | 5,793 | 6,269 | 6,750 | 6,401 | 6,078 | 6,344 | 6,603 | 6,420 | 5,812 | 5,853 | 5,796 | 5,640 | 5,565 | 5,930 | 6,109 |
Other Revenue | 181 | 193 | 163 | 152 | 172 | 163 | 119 | 123 | 89 | 91 | 63 | 89 | 77 | 86 | 73.1 | 76.1 | 78.8 | 100.4 | 78.7 | 92.7 |
| 7,099 | 6,517 | 7,009 | 7,078 | 6,843 | 5,956 | 6,388 | 6,873 | 6,490 | 6,169 | 6,407 | 6,692 | 6,497 | 5,898 | 5,927 | 5,872 | 5,718 | 5,666 | 6,009 | 6,201 | |
Revenue Growth (YoY) | 3.74% | 9.42% | 9.72% | 2.98% | 5.44% | -3.45% | -0.30% | 2.71% | -0.11% | 4.59% | 8.11% | 13.96% | 13.62% | 4.10% | -1.38% | -5.31% | -2.88% | 10.56% | 13.08% | 14.46% |
Cost of Revenue | 2,981 | 2,874 | 2,978 | 2,973 | 2,881 | 2,619 | 2,709 | 2,998 | 2,772 | 2,730 | 2,752 | 2,828 | 2,766 | 2,584 | 2,518 | 2,426 | 2,416 | 2,616 | 2,748 | 2,770 |
Gross Profit | 4,118 | 3,643 | 4,031 | 4,105 | 3,962 | 3,337 | 3,679 | 3,875 | 3,718 | 3,439 | 3,655 | 3,864 | 3,731 | 3,314 | 3,409 | 3,446 | 3,302 | 3,050 | 3,261 | 3,431 |
Selling, General & Admin | 706 | 648 | 749 | 664 | 595 | 575 | 664 | 536 | 590 | 622 | 731 | 584 | 567 | 553 | 720.3 | 576.4 | 611.2 | 584.3 | 755.4 | 559.6 |
Other Operating Expenses | 1 | - | -1 | - | -1 | - | -1 | - | -1 | - | - | - | -1 | 1 | -0.2 | - | - | - | -0.4 | - |
Operating Expenses | 818 | 759 | 872 | 785 | 700 | 682 | 799 | 647 | 690 | 721 | 822 | 681 | 661 | 653 | 811.5 | 669.7 | 704.2 | 677 | 841.5 | 643.7 |
Operating Income | 3,300 | 2,884 | 3,159 | 3,320 | 3,262 | 2,655 | 2,880 | 3,228 | 3,028 | 2,718 | 2,833 | 3,183 | 3,070 | 2,661 | 2,597 | 2,776 | 2,598 | 2,373 | 2,420 | 2,788 |
Interest Expense | -409 | -400 | -410 | -406 | -390 | -376 | -380 | -381 | -373 | -372 | -360 | -341 | -330 | -330 | -322.9 | -306.2 | -290.6 | -287.3 | -295.6 | -293.7 |
Interest & Investment Income | 11 | 7 | 19 | 26 | 20 | 17 | 18 | 18 | 20 | 47 | 65 | 47 | 37 | 38 | 26 | 10.8 | 4.6 | 2.6 | 2.5 | 2.3 |
Earnings From Equity Investments | 60 | 62 | 10 | 63 | 54 | 62 | 14 | 52 | 45 | 45 | 31 | 50 | 33 | 39 | 24.7 | 37.3 | 19.9 | 31.3 | 49.8 | 49 |
Currency Exchange Gain (Loss) | -15 | -18 | -15 | -33 | -10 | 18 | 10 | -10 | -2 | -5 | - | -1 | 6 | 13 | 45.3 | 50.4 | 27 | 11.3 | 5.3 | -2.9 |
Other Non Operating Income (Expenses) | 11 | - | 9 | 5 | 9 | 22 | 20 | 27 | -10 | 3 | 8 | 10 | -2 | 13 | 7.8 | 17.3 | -43.7 | -498 | -1.5 | -0.8 |
EBT Excluding Unusual Items | 2,958 | 2,535 | 2,772 | 2,975 | 2,945 | 2,398 | 2,562 | 2,934 | 2,708 | 2,436 | 2,577 | 2,948 | 2,814 | 2,434 | 2,378 | 2,586 | 2,315 | 1,633 | 2,180 | 2,542 |
Merger & Restructuring Charges | -51 | -47 | -77 | -39 | -43 | -66 | 67 | -98 | -57 | -44 | -66 | -26 | -18 | -180 | - | - | - | - | - | - |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 339 | - |
Gain (Loss) on Sale of Assets | 30 | 54 | 67 | 14 | -41 | -3 | -21 | 7 | 1 | 7 | 76 | 1 | 20 | 13 | -39.2 | -49.8 | -906 | 35.3 | -71.8 | 43.4 |
Asset Writedown | -1 | - | -4 | -1 | - | - | -1 | - | -97 | 9 | -72 | - | - | - | -0.2 | - | - | - | -339.4 | 106.4 |
Other Unusual Items | - | - | - | - | - | - | -70 | - | - | - | - | - | - | - | - | - | - | -127.1 | - | - |
Pretax Income | 2,936 | 2,542 | 2,758 | 2,949 | 2,861 | 2,329 | 2,537 | 2,843 | 2,555 | 2,408 | 2,515 | 2,923 | 2,816 | 2,267 | 2,339 | 2,536 | 1,409 | 1,541 | 2,108 | 2,691 |
Income Tax Expense | 574 | 559 | 594 | 671 | 608 | 461 | 521 | 588 | 533 | 479 | 476 | 606 | 506 | 465 | 435.5 | 554.6 | 221.1 | 436.8 | 469 | 541.5 |
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 |
Net Income to Common | 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 |
Net Income Growth (YoY) | 4.84% | 6.16% | 7.34% | 1.02% | 11.42% | -3.16% | -1.13% | -2.68% | -12.47% | 7.05% | 7.12% | 16.93% | 94.44% | 63.17% | 16.15% | -7.83% | -46.47% | -28.16% | 19.00% | 21.97% |
Shares Outstanding (Basic) | 709 | 711 | 714 | 713 | 715 | 715 | 720 | 717 | 719 | 722 | 728 | 727 | 730 | 731 | 736 | 735 | 738 | 743 | 752 | 747 |
Shares Outstanding (Diluted) | 711 | 714 | 714 | 716 | 718 | 718 | 720 | 720 | 722 | 726 | 728 | 732 | 734 | 736 | 736 | 740 | 742 | 748 | 752 | 753 |
Shares Change (YoY) | -0.91% | -0.65% | -0.76% | -0.57% | -0.61% | -1.06% | -1.11% | -1.59% | -1.68% | -1.31% | -1.11% | -1.07% | -1.04% | -1.62% | -2.08% | -1.74% | -1.34% | -0.45% | 0.08% | 0.35% |
EPS (Basic) | 3.33 | 2.79 | 3.03 | 3.20 | 3.15 | 2.61 | 2.80 | 3.15 | 2.81 | 2.67 | 2.80 | 3.19 | 3.17 | 2.47 | 2.59 | 2.70 | 1.61 | 1.49 | 2.18 | 2.88 |
EPS (Diluted) | 3.32 | 2.78 | 3.03 | 3.18 | 3.14 | 2.60 | 2.80 | 3.13 | 2.80 | 2.66 | 2.80 | 3.17 | 3.15 | 2.45 | 2.59 | 2.68 | 1.60 | 1.48 | 2.18 | 2.86 |
EPS Growth (YoY) | 5.73% | 6.92% | 8.23% | 1.60% | 12.14% | -2.26% | -0.01% | -1.26% | -11.11% | 8.57% | 8.28% | 18.28% | 96.88% | 65.54% | 18.62% | -6.29% | -45.76% | -27.81% | 18.85% | 21.70% |
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 |
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 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 |
Dividend Per Share | 1.860 | 1.860 | 1.860 | 1.770 | 1.770 | 1.770 | 1.770 | 1.670 | 1.670 | 1.670 | 1.670 | 1.520 | 1.520 | 1.520 | 1.520 | 1.380 | 1.380 | 1.380 | 1.380 | 1.290 |
Dividend Growth (YoY) | 5.08% | 5.08% | 5.08% | 5.99% | 5.99% | 5.99% | 5.99% | 9.87% | 9.87% | 9.87% | 9.87% | 10.14% | 10.14% | 10.14% | 10.14% | 6.98% | 6.98% | 6.98% | 6.98% | 3.20% |
Gross Margin | 58.01% | 55.90% | 57.51% | 58.00% | 57.90% | 56.03% | 57.59% | 56.38% | 57.29% | 55.75% | 57.05% | 57.74% | 57.43% | 56.19% | 57.52% | 58.69% | 57.75% | 53.84% | 54.27% | 55.33% |
Operating Margin | 46.48% | 44.25% | 45.07% | 46.91% | 47.67% | 44.58% | 45.08% | 46.97% | 46.66% | 44.06% | 44.22% | 47.56% | 47.25% | 45.12% | 43.83% | 47.28% | 45.43% | 41.89% | 40.26% | 44.95% |
Profit Margin | 33.27% | 30.43% | 30.88% | 32.18% | 32.92% | 31.36% | 31.56% | 32.81% | 31.16% | 31.27% | 31.82% | 34.62% | 35.55% | 30.55% | 32.12% | 33.75% | 20.77% | 19.49% | 27.27% | 34.67% |
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% |
EBITDA | 3,865 | 3,450 | 3,735 | 3,879 | 3,806 | 3,175 | 3,433 | 3,760 | 3,530 | 3,228 | 3,330 | 3,681 | 3,562 | 3,151 | 3,061 | 3,242 | 3,060 | 2,853 | 2,901 | 3,257 |
EBITDA Margin | 54.44% | 52.94% | 53.29% | 54.80% | 55.62% | 53.31% | 53.74% | 54.71% | 54.39% | 52.33% | 51.97% | 55.01% | 54.83% | 53.42% | 51.64% | 55.21% | 53.51% | 50.35% | 48.28% | 52.52% |
D&A For EBITDA | 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 |
EBIT | 3,300 | 2,884 | 3,159 | 3,320 | 3,262 | 2,655 | 2,880 | 3,228 | 3,028 | 2,718 | 2,833 | 3,183 | 3,070 | 2,661 | 2,597 | 2,776 | 2,598 | 2,373 | 2,420 | 2,788 |
EBIT Margin | 46.48% | 44.25% | 45.07% | 46.91% | 47.67% | 44.58% | 45.08% | 46.97% | 46.66% | 44.06% | 44.22% | 47.56% | 47.25% | 45.12% | 43.83% | 47.28% | 45.43% | 41.89% | 40.26% | 44.95% |
Effective Tax Rate | 19.55% | 21.99% | 21.54% | 22.75% | 21.25% | 19.79% | 20.54% | 20.68% | 20.86% | 19.89% | 18.93% | 20.73% | 17.97% | 20.51% | 18.62% | 21.87% | 15.69% | 28.34% | 22.25% | 20.12% |
Revenue as Reported | 7,099 | 6,517 | 7,009 | 7,078 | 6,843 | 5,956 | 6,388 | 6,873 | 6,490 | 6,169 | 6,406 | 6,692 | 6,498 | 5,898 | 5,927 | 5,872 | 5,718 | 5,666 | 6,009 | 6,201 |