◆ TICKERBASE · US STOCK FINANCIAL DATA LIBRARY

Home › All stocks › MCD

McDonald’s Corporation (MCD) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER CYCLICAL · Restaurants · DATA UPDATED 2026-07-12

McDonald’s Corporation (MCD) operates in the Restaurants industry and is headquartered in Chicago, United States with about 150,000 employees. Its market capitalization is roughly $188 billion. In the fiscal year ended 2025-12-31, MCD reported $26.9B in revenue and $8.6B in net income.

McDonald's Corporation owns, operates, and franchises restaurants under the McDonald's brand in the United States and internationally.

Interactive charts & full statements → Open the MCD valuation workbench →

MCD Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$27.4B	$26.9B	$25.9B	$25.5B	$23.2B	$23.2B	$19.2B	$21.4B	$21.3B	$22.8B	$24.6B	$25.4B	$27.4B	$28.1B	$27.6B	$27.0B	$24.1B	$22.7B	$23.5B	$22.8B	$20.9B
Gross Profit	$15.7B	$15.4B	$14.7B	$14.6B	$13.2B	$12.6B	$9.8B	$11.2B	$10.8B	$10.6B	$10.2B	$9.8B	$10.5B	$10.9B	$10.8B	$10.7B	$9.6B	$8.8B	$8.6B	$7.9B	$6.9B
Gross Margin %	57.4%	57.4%	56.8%	57.1%	57.0%	54.2%	50.8%	52.3%	51.0%	46.5%	41.4%	38.5%	38.1%	38.8%	39.2%	39.6%	40.0%	38.6%	36.7%	34.7%	33.2%
Operating Income (EBIT)	$12.6B	$12.4B	$11.7B	$11.6B	$9.4B	$10.4B	$7.3B	$9.1B	$8.8B	$9.6B	$7.7B	$7.1B	$7.9B	$8.8B	$8.6B	$8.5B	$7.5B	$6.8B	$6.4B	$3.9B	$4.4B
Operating Margin %	46.0%	46.1%	45.2%	45.7%	40.4%	44.6%	38.1%	42.4%	41.5%	41.9%	31.4%	28.1%	29.0%	31.2%	31.2%	31.6%	31.0%	30.1%	27.4%	17.0%	21.2%
Net Income	$8.7B	$8.6B	$8.2B	$8.5B	$6.2B	$7.5B	$4.7B	$6.0B	$5.9B	$5.2B	$4.7B	$4.5B	$4.8B	$5.6B	$5.5B	$5.5B	$4.9B	$4.6B	$4.3B	$2.4B	$3.5B
Net Margin %	31.6%	31.9%	31.7%	33.2%	26.7%	32.5%	24.6%	28.2%	27.9%	22.8%	19.0%	17.8%	17.3%	19.9%	19.8%	20.4%	20.5%	20.0%	18.3%	10.5%	17.0%
EBITDA	$14.9B	$14.6B	$13.9B	$13.9B	$10.9B	$12.2B	$9.1B	$10.8B	$10.3B	$10.9B	$9.3B	$8.8B	$9.6B	$10.3B	$10.1B	$9.9B	$8.7B	$8.2B	$7.9B	$5.2B	$5.6B
Earnings Per Share (EPS)	$12.13	$11.95	$11.39	$11.56	$8.33	$10.04	$6.31	$7.88	$7.54	$6.37	$5.44	$4.79	$4.82	$5.55	$5.36	$5.27	$4.58	$4.11	$3.76	$1.98	$2.83
Shares Outstanding (M)	714M	716M	722M	732M	741M	752M	750M	765M	786M	816M	861M	945M	986M	1,006M	1,020M	1,045M	1,080M	1,107M	1,146M	1,212M	1,252M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MCD Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$6.5B	$7.0B	$7.1B	$6.8B	$6.0B	$6.4B	$6.9B	$6.5B
Gross Profit	$3.6B	$4.0B	$4.1B	$4.0B	$3.3B	$3.7B	$3.9B	$3.7B
Gross Margin %	55.9%	57.5%	58.0%	57.9%	56.0%	57.6%	56.4%	57.3%
Operating Income (EBIT)	$2.9B	$3.2B	$3.4B	$3.2B	$2.6B	$2.9B	$3.2B	$2.9B
Operating Margin %	44.2%	45.0%	47.4%	47.2%	44.5%	44.9%	46.4%	45.0%
Net Income	$2.0B	$2.2B	$2.3B	$2.3B	$1.9B	$2.0B	$2.3B	$2.0B
Net Margin %	30.4%	30.9%	32.2%	32.9%	31.4%	31.6%	32.8%	31.2%
EBITDA	$3.5B	$3.7B	$3.9B	$3.8B	$3.2B	$3.5B	$3.8B	$3.4B
Earnings Per Share (EPS)	$2.78	$3.03	$3.18	$3.14	$2.60	$2.80	$3.13	$2.80
Shares Outstanding (M)	714M	714M	716M	718M	718M	720M	720M	722M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MCD Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$10.5B	$10.6B	$9.4B	$9.6B	$7.4B	$9.1B	$6.3B	$8.1B	$7.0B	$5.6B	$6.1B	$6.5B	$6.7B	$7.1B	$7.0B	$7.2B	$6.3B	$5.8B	$5.9B	$4.9B	$4.3B
Capital Expenditures (CapEx)	$3.5B	$3.4B	$2.8B	$2.4B	$1.9B	$2.0B	$1.6B	$2.4B	$2.7B	$1.9B	$1.8B	$1.8B	$2.6B	$2.8B	$3.0B	$2.7B	$2.1B	$2.0B	$2.1B	$1.9B	$1.7B
Free Cash Flow (FCF)	$7.0B	$7.2B	$6.7B	$7.3B	$5.5B	$7.1B	$4.6B	$5.7B	$4.2B	$3.7B	$4.2B	$4.7B	$4.1B	$4.3B	$3.9B	$4.4B	$4.2B	$3.8B	$3.8B	$2.9B	$2.6B
FCF Margin %	25.7%	26.7%	25.7%	28.4%	23.7%	30.6%	24.1%	26.8%	19.9%	16.2%	17.2%	18.6%	15.1%	15.3%	14.2%	16.4%	17.5%	16.7%	16.1%	12.9%	12.4%
Dividends Paid	$5.2B	$5.1B	$4.9B	$4.5B	$4.2B	$3.9B	$3.8B	$3.6B	$3.3B	$3.1B	$3.1B	$3.2B	$3.2B	$3.1B	$2.9B	$2.6B	$2.4B	$2.2B	$1.8B	$1.8B	$1.2B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MCD Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$2.4B	$2.7B	$3.4B	$2.0B	$2.4B	$2.6B	$2.7B	$1.7B
Capital Expenditures (CapEx)	$682M	$1.1B	$1.0B	$744M	$551M	$807M	$794M	$628M
Free Cash Flow (FCF)	$1.7B	$1.6B	$2.4B	$1.3B	$1.9B	$1.8B	$1.9B	$1.1B
FCF Margin %	26.6%	23.4%	34.2%	18.3%	31.5%	28.5%	28.2%	16.4%
Dividends Paid	$1.3B	$1.3B	$1.3B	$1.3B	$1.3B	$1.3B	$1.2B	$1.2B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MCD Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$60.0B	$59.5B	$55.2B	$56.1B	$50.4B	$53.9B	$52.6B	$47.5B	$32.8B	$33.8B	$31.0B	$37.9B	$34.3B	$36.6B	$35.4B	$33.0B	$32.0B	$30.2B	$28.5B	$29.4B	$29.0B
Cash & Cash Equivalents	$1.2B	$774M	$1.1B	$4.6B	$2.6B	$4.7B	$3.4B	$898M	$866M	$2.5B	$1.2B	$7.7B	$2.1B	$2.8B	$2.3B	$2.3B	$2.4B	$1.8B	$2.1B	$2.0B	$2.1B
Total Liabilities	$61.3B	$61.3B	$59.0B	$60.9B	$56.4B	$58.5B	$60.5B	$55.7B	$39.1B	$37.1B	$33.2B	$30.9B	$21.4B	$20.6B	$20.1B	$18.6B	$17.3B	$16.2B	$15.1B	$14.1B	$13.5B
Total Debt (Short + Long-Term)	$40.8B	$40.7B	$39.1B	$40.0B	$36.6B	$36.3B	$38.1B	$34.8B	$31.7B	$29.5B	$26.0B	$48.2B	$29.9B	$14.1B	$13.6B	$12.5B	$11.5B	$10.6B	$10.2B	$9.3B	$8.4B
Total Shareholders' Equity	($1.3B)	($1.8B)	($3.8B)	($4.7B)	($6.0B)	($4.6B)	($7.8B)	($8.2B)	($6.3B)	($3.3B)	($2.2B)	$7.1B	$12.9B	$16.0B	$15.3B	$14.4B	$14.6B	$14.0B	$13.4B	$15.3B	$15.5B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MCD viewer.

Other Companies in Restaurants

SBUX · Starbucks — $118 billion
YUM · Yum! Brands — $41 billion
CMG · Chipotle Mexican Grill — $41 billion
DRI · Darden Restaurants — $22 billion
DPZ · Domino's — $11 billion
CAVA · CAVA Group, Inc. — $8 billion
EAT · Brinker International, Inc. — $8 billion
WING · Wingstop Inc. — $4 billion

← MCBS All stocks MCFT →

About TickerBase · Data methodology & sources

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.