McDonalds Corp
MCD- Exchange
- NYSE
- Industry
- Retail-Eating Places
- SEC CIK
- 0000063908
No open-market purchases or sales by McDonalds Corp insiders were filed in the last 90 days; 3,500 institutions reported holding it in 13F filings for Q2 2026, worth $142.6B in total; 4 superinvestors hold it, including Viking Global Investors and Gates Foundation Trust.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:29 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 10, 2025 | Feb 5, 2024 | Jan 31, 2023 | Jan 27, 2022 |
| Revenue | $26.9B | $25.9B | $25.5B | $23.2B | $23.2B |
| Selling, general and administrative | $3.04B | $2.86B | – | – | – |
| Operating income | $12.4B | $11.7B | $11.6B | $9.37B | $10.4B |
| Interest expense | $1.58B | $1.51B | $1.36B | $1.21B | $1.19B |
| Income tax | $2.33B | $2.12B | $2.05B | $1.65B | $1.58B |
| Net income | $8.56B | $8.22B | $8.47B | $6.18B | $7.55B |
| EPS, basic | $12.00 | $11.45 | $11.63 | $8.39 | $10.11 |
| EPS, diluted | $11.95 | $11.39 | $11.56 | $8.33 | $10.04 |
| Weighted shares, basic | 713 | 718 | 728 | 736.5M | 746.3M |
| Weighted shares, diluted | 716 | 722 | 732 | 741.3M | 751.8M |
| Margins and growth | |||||
| Operating margin | 46.1% | 45.2% | 45.7% | 40.4% | 44.6% |
| Net margin | 31.9% | 31.7% | 33.2% | 26.6% | 32.5% |
| Revenue growth, year over year | +3.7% | +1.7% | +10.0% | −0.2% | +20.9% |
| Net income growth, year over year | +4.1% | −2.9% | +37.1% | −18.1% | +59.5% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 10, 2025 | Feb 5, 2024 | Jan 31, 2023 | Jan 27, 2022 |
| Cash and equivalents | $774.0M | $1.08B | $4.58B | $2.58B | $4.71B |
| Inventory | $61.0M | $56.0M | $52.8M | $52.0M | $55.6M |
| Total current assets | $4.16B | $4.60B | $7.99B | $5.42B | $7.15B |
| Property, plant and equipment | $28.2B | $25.3B | $24.9B | $23.8B | $24.7B |
| Goodwill | $3.35B | $3.15B | $3.04B | $2.90B | $2.78B |
| Total assets | $59.5B | $55.2B | $56.1B | $50.4B | $53.9B |
| Accounts payable | $1.15B | $1.03B | $1.10B | $980.2M | $1.01B |
| Short-term debt | $725.0M | $0 | $2.19B | – | $0 |
| Total current liabilities | $4.36B | $3.86B | $6.86B | $3.80B | $4.02B |
| Long-term debt | $40.0B | $38.4B | $37.2B | $35.9B | $35.6B |
| Shareholders' equity | -$1.79B | -$3.80B | -$4.71B | -$6.00B | -$4.60B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 10, 2025 | Feb 5, 2024 | Jan 31, 2023 | Jan 27, 2022 |
| Operating cash flow | $10.6B | $9.45B | $9.61B | $7.39B | $9.14B |
| Capital expenditures | $3.37B | $2.77B | $2.36B | $1.90B | $2.04B |
| Free cash flow | $7.19B | $6.67B | $7.25B | $5.49B | $7.10B |
| Depreciation and amortization | $457.0M | $447.0M | $381.7M | $370.4M | $329.7M |
| Stock-based compensation | $165.0M | $172.0M | $175.2M | $166.7M | $139.2M |
| Dividends paid | $5.12B | $4.87B | $4.53B | $4.17B | $3.92B |
| Share buybacks | $2.06B | $2.82B | $3.05B | $3.90B | $845.5M |
| Investing cash flow | -$3.82B | -$5.35B | -$3.18B | -$2.68B | -$2.17B |
| Financing cash flow | -$7.13B | -$7.50B | -$4.37B | -$6.58B | -$5.60B |
| Net change in cash | -$311.0M | -$3.49B | $2.00B | -$2.13B | $1.26B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.6% | 0.7% | 0.7% | 0.7% | 0.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 30, 2026 | 705.8M | −0.9% | SEC |
| Jun 30, 2026 | 707.6M | −0.8% | SEC |
| Mar 31, 2026 | 710.5M | −0.6% | SEC |
| Jan 31, 2026 | 710.4M | −0.6% | SEC |
| Sep 30, 2025 | 712.2M | −0.6% | SEC |
| Jun 30, 2025 | 713.6M | −0.5% | SEC |
| Mar 31, 2025 | 715.0M | −0.8% | SEC |
| Jan 31, 2025 | 714.5M | −1.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.