McDonald's Corporation (MCD) reported $27.70B of revenue for the twelve months ended Jun 30, 2026. That is up 6.3% from the year before. Revenue for fiscal 2025 was $26.89B.

Yes. McDonald's Corporation earned $8.79B in net income for the twelve months ended Jun 30, 2026, a net margin of 31.7%.

How much cash and debt does MCD have?

McDonald's Corporation reported $822.00M in cash and cash equivalents and $39.86B of debt on its most recent balance sheet in SEC filings.

How fast is MCD revenue growing?

McDonald's Corporation's revenue changed +3.7% in fiscal 2025, to $26.89B. Its compound annual growth rate was +7.0% over 5 years and +0.6% over 10 years.

What is MCD free cash flow?

McDonald's Corporation generated $7.76B of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $11.34B less capital expenditures.

What is MCD earnings per share?

Diluted earnings per share were $12.31 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.

When did MCD last report financial results?

The latest statements here come from McDonald's Corporation's 10-Q filed on Aug 7, 2026, covering the period ended Jun 30, 2026.

Where does this MCD financial data come from?

Quantisnow builds these statements from the structured XBRL data McDonald's Corporation files with the SEC. It is provided for information only and is not investment advice.

Financials · MCD

McDonald's Corporation (MCD) financials

For the twelve months ended Jun 30, 2026, McDonald's Corporation reported $27.70B of revenue and $8.79B of net income.

Revenue, TTM: $27.70B
Revenue growth, YoY: +6.3%
Net income, TTM: $8.79B
Net income growth, YoY: +4.7%
Net margin: 31.7%
Free cash flow, TTM: $7.76B
EPS, diluted, TTM: $12.31
Cash: $822.00M
Total debt: $39.86B
P/E: 22.27
P/S: 7.06
Market cap: $195.67B

Annual revenue$26.89B

FY2016FY2025

Annual net income$8.56B

FY2016FY2025

Annual free cash flow$7.19B

FY2016FY2025

MCD revenue and earnings growth

MCD revenueQ2 2026$7.10B

Quarter YoY: +3.7%
QoQ: +8.9%
FY YoY: +3.7%
5Y CAGR: +7.0%
10Y CAGR: +0.6%

MCD revenue was $7.10B in fiscal Q2 2026 (ended Jun 30, 2026), up 3.7% from a year earlier and up 8.9% from the prior quarter. For the full fiscal 2025 it was $26.89B, up 3.7% from fiscal 2024. Compound annual growth was +7.0% over 5 years and +0.6% over 10 years. It rose in 5 of the last 10 fiscal years.

MCD net incomeQ2 2026$2.36B

Quarter YoY: +4.8%
QoQ: +19.1%
FY YoY: +4.1%
5Y CAGR: +12.6%
10Y CAGR: +6.6%

MCD net income was $2.36B in fiscal Q2 2026 (ended Jun 30, 2026), up 4.8% from a year earlier and up 19.1% from the prior quarter. For the full fiscal 2025 it was $8.56B, up 4.1% from fiscal 2024. Compound annual growth was +12.6% over 5 years and +6.6% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

MCD EPSQ2 2026$3.32

Quarter YoY: +5.7%
QoQ: +19.4%
FY YoY: +4.9%

MCD diluted EPS was $3.32 in fiscal Q2 2026 (ended Jun 30, 2026), up 5.7% from a year earlier and up 19.4% from the prior quarter. For the full fiscal 2025 it was $11.95, up 4.9% from fiscal 2024.

MCD free cash flowQ2 2026$1.98B

Quarter YoY: +57.6%
QoQ: +14.2%
FY YoY: +7.7%
5Y CAGR: +9.2%
10Y CAGR: +4.3%

MCD free cash flow was $1.98B in fiscal Q2 2026 (ended Jun 30, 2026), up 57.6% from a year earlier and up 14.2% from the prior quarter. For the full fiscal 2025 it was $7.19B, up 7.7% from fiscal 2024. Compound annual growth was +9.2% over 5 years and +4.3% over 10 years. It rose in 5 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$26.89B	$25.92B	$25.49B	$23.18B	$23.22B	$19.21B	$21.36B	$21.26B	$22.82B	$24.62B
Selling, general and admin	$3.04B	$2.86B	$2.82B	$2.86B	-	-	$2.23B	$2.20B	$2.23B	$2.38B
Operating income	$12.39B	$11.71B	$11.65B	$9.37B	$10.36B	$7.32B	$9.07B	$8.82B	$9.55B	$7.74B
Interest expense	$1.58B	$1.51B	$1.36B	$1.21B	$1.19B	$1.22B	$1.12B	$981.20M	$921.30M	$884.80M
Income tax	$2.33B	$2.12B	$2.05B	$1.65B	$1.58B	$1.41B	$1.99B	$1.89B	$3.38B	$2.18B
Net income	$8.56B	$8.22B	$8.47B	$6.18B	$7.55B	$4.73B	$6.03B	$5.92B	$5.19B	$4.69B
EPS, basic	$12.00	$11.45	$11.63	$8.39	$10.11	$6.35	$7.95	$7.61	$6.43	$5.49
EPS, diluted	$11.95	$11.39	$11.56	$8.33	$10.04	$6.31	$7.88	$7.54	$6.37	$5.44
Diluted shares	716.4	721.9	732.3	741.3	751.8	750.1M	764.9M	785.6M	815.5M	861.2M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$774.00M	$1.08B	$4.58B	$2.58B	$4.71B	$3.45B	$898.50M	$866.00M	$2.46B	$1.22B
Inventory	$61.00M	$56.00M	$53.00M	$52.00M	$55.60M	$51.10M	$50.20M	$51.10M	$58.80M	$58.90M
Current assets	$4.16B	$4.60B	$7.99B	$5.42B	$7.15B	$6.24B	$3.56B	$4.05B	$5.33B	$4.85B
Goodwill	$3.35B	$3.15B	$3.04B	$2.90B	$2.78B	$2.77B	$2.68B	$2.33B	$2.38B	$2.34B
Total assets	$59.52B	$55.18B	$56.15B	$50.44B	$53.85B	$52.63B	$47.51B	$32.81B	$33.80B	$31.02B
Current liabilities	$4.36B	$3.86B	$6.86B	$3.80B	$4.02B	$6.18B	$3.62B	$2.97B	$2.89B	$3.47B
Short-term debt	$725.00M	$0	$2.19B	$0	$0	$2.24B	$59.10M	$0	$0	$77.20M
Long-term debt	$39.97B	$38.42B	$37.15B	$35.90B	$35.62B	$35.20B	$34.12B	$31.08B	$29.54B	$25.88B
Total debt	$40.70B	$38.42B	$39.34B	$35.90B	$35.62B	$37.44B	$34.18B	$31.08B	$29.54B	$25.96B
Shareholders' equity	-$1.79B	-$3.80B	-$4.71B	-$6.00B	-$4.60B	-$7.82B	-$8.21B	-$6.26B	-$3.27B	-$2.20B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$10.55B	$9.45B	$9.61B	$7.39B	$9.14B	$6.27B	$8.12B	$6.97B	$5.55B	$6.06B
Capital expenditures	$3.37B	$2.77B	$2.36B	$1.90B	$2.04B	$1.64B	$2.39B	$2.74B	$1.85B	$1.82B
Free cash flow	$7.19B	$6.67B	$7.25B	$5.49B	$7.10B	$4.62B	$5.73B	$4.22B	$3.70B	$4.24B
Investing cash flow	-$3.82B	-$5.35B	-$3.19B	-$2.68B	-$2.17B	-$1.55B	-$3.07B	-$2.46B	$562.00M	-$981.60M
Financing cash flow	-$7.13B	-$7.50B	-$4.37B	-$6.58B	-$5.60B	-$2.25B	-$4.99B	-$5.95B	-$5.31B	-$11.26B
Dividends paid	$5.12B	$4.87B	$4.53B	$4.17B	$3.92B	$3.75B	$3.58B	$3.26B	$3.09B	$3.06B
Share repurchases	$2.06B	$2.82B	$3.05B	$3.90B	$845.50M	$907.80M	$4.98B	$5.21B	$4.69B	$11.17B
Stock-based compensation	$165.00M	$172.00M	$175.00M	$167.00M	$139.20M	$92.40M	$109.60M	$125.10M	$117.50M	$131.30M
Depreciation and amortization	$457.00M	$447.00M	$382.00M	$370.00M	$329.70M	$300.60M	$262.50M	$214.80M	$1.36B	$1.52B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	3.7%	1.7%	10.0%	-0.2%	20.9%	-10.1%	0.5%	-6.8%	-7.3%	-3.1%
Net income growth, YoY	4.1%	-2.9%	37.1%	-18.1%	59.5%	-21.5%	1.7%	14.1%	10.8%	3.5%
EPS growth, YoY	4.9%	-1.5%	38.8%	-17.0%	-	-19.9%	4.5%	18.4%	17.1%	13.3%
Operating margin	46.1%	45.2%	45.7%	40.4%	44.6%	38.1%	42.5%	41.5%	41.9%	31.5%
Net margin	31.9%	31.7%	33.2%	26.6%	32.5%	24.6%	28.2%	27.9%	22.8%	19.0%
Free cash flow margin	26.7%	25.7%	28.5%	23.7%	30.6%	24.1%	26.8%	19.9%	16.2%	17.2%
Return on assets	14.4%	14.9%	15.1%	12.2%	14.0%	9.0%	12.7%	18.1%	15.4%	15.1%
Current ratio	0.95	1.19	1.16	1.43	1.78	1.01	0.98	1.36	1.84	1.40

Income statement

Income statement
Line item	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023	Q3 2023 Sep 30, 2023
Revenue	$7.10B	$6.52B	$7.01B	$7.08B	$6.84B	$5.96B	$6.39B	$6.87B	$6.49B	$6.17B	$6.41B	$6.69B
Cost of revenue	$680.00M	$676.00M	-	$666.00M	$654.00M	$620.00M	-	$646.00M	$629.00M	$627.00M	-	$625.00M
Gross profit	$6.42B	$5.84B	-	$6.41B	$6.19B	$5.34B	-	$6.23B	$5.86B	$5.54B	-	$6.07B
Selling, general and admin	$817.00M	$759.00M	$872.00M	$785.00M	$700.00M	$682.00M	$799.00M	$647.00M	$691.00M	$720.00M	-	-
Operating income	$3.34B	$2.95B	$3.16B	$3.36B	$3.23B	$2.65B	$2.87B	$3.19B	$2.92B	$2.74B	$2.80B	$3.21B
Interest expense	$409.00M	$400.00M	$410.00M	$406.00M	$390.00M	$376.00M	$380.00M	$381.00M	$373.00M	$372.00M	$360.00M	$341.00M
Income tax	$574.00M	$559.00M	$594.00M	$671.00M	$608.00M	$461.00M	$521.00M	$588.00M	$533.00M	$479.00M	$476.00M	$606.00M
Net income	$2.36B	$1.98B	$2.16B	$2.28B	$2.25B	$1.87B	$2.02B	$2.25B	$2.02B	$1.93B	$2.04B	$2.32B
EPS, basic	$3.33	$2.79	$3.04	$3.20	$3.15	$2.61	$2.82	$3.15	$2.81	$2.67	$2.80	$3.19
EPS, diluted	$3.32	$2.78	$3.03	$3.18	$3.14	$2.60	$2.80	$3.13	$2.80	$2.66	$2.79	$3.17
Diluted shares	711.1	713.5	-	715.9	717.6	718.2	-	720	722	725.9	-	731.6

Balance sheet

Balance sheet
Line item	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023	Q3 2023 Sep 30, 2023
Cash and equivalents	$822.00M	$1.17B	$774.00M	$2.41B	$1.88B	$1.24B	$1.08B	$1.22B	$792.00M	$838.00M	$4.58B	$3.50B
Inventory	$58.00M	$61.00M	$61.00M	$55.00M	$55.00M	$51.00M	$56.00M	$54.00M	$46.00M	$46.00M	$53.00M	$47.60M
Current assets	$4.34B	$4.71B	$4.16B	$6.08B	$5.60B	$4.74B	$4.60B	$4.91B	$4.21B	$4.06B	$7.99B	$6.85B
Goodwill	$3.35B	$3.35B	$3.35B	$3.31B	$3.31B	$3.19B	$3.15B	$3.22B	$3.05B	$3.03B	$3.04B	$2.97B
Total assets	$59.92B	$60.04B	$59.52B	$60.61B	$59.55B	$56.33B	$55.18B	$56.17B	$53.80B	$53.51B	$56.15B	$52.09B
Current liabilities	$4.02B	$4.15B	$4.36B	$6.08B	$4.30B	$4.01B	$3.86B	$6.31B	$3.91B	$4.89B	$6.86B	$4.00B
Short-term debt	-	-	$725.00M	$1.80B	$602.00M	$80.00M	$0	$596.00M	$0	$604.00M	$2.19B	-
Long-term debt	$39.86B	$40.10B	$39.97B	$39.48B	$40.80B	$38.84B	$38.42B	$38.99B	$38.52B	$36.76B	$37.15B	$37.27B
Total debt	$39.86B	$40.10B	$40.70B	$41.28B	$41.40B	$38.92B	$38.42B	$39.59B	$38.52B	$37.37B	$39.34B	$37.27B
Shareholders' equity	-$1.02B	-$1.29B	-$1.79B	-$2.16B	-$2.76B	-$3.45B	-$3.80B	-$5.18B	-$4.82B	-$4.83B	-$4.71B	-$4.86B

Cash flow

Cash flow
Line item	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023	Q3 2023 Sep 30, 2023
Operating cash flow	$2.81B	$2.41B	$2.70B	$3.43B	$2.00B	$2.43B	$2.63B	$2.74B	$1.69B	$2.39B	$2.49B	$3.03B
Capital expenditures	$831.00M	$682.00M	$1.06B	$1.01B	$744.00M	$551.00M	$807.00M	$794.00M	$628.00M	$547.00M	$757.00M	$570.00M
Free cash flow	$1.98B	$1.73B	$1.64B	$2.42B	$1.25B	$1.88B	$1.82B	$1.94B	$1.06B	$1.84B	$1.73B	$2.46B
Investing cash flow	-$868.00M	-$777.00M	-$1.07B	-$1.11B	-$869.00M	-$771.00M	-$742.00M	-$1.27B	-$846.00M	-$2.49B	-$840.00M	-$933.00M
Financing cash flow	-$2.39B	-$1.23B	-$3.24B	-$1.79B	-$555.00M	-$1.54B	-$1.88B	-$1.09B	-$869.00M	-$3.66B	-$586.00M	-$137.00M
Dividends paid	$1.32B	$1.32B	$1.32B	$1.26B	$1.26B	$1.27B	$1.27B	$1.20B	$1.20B	$1.21B	$1.21B	$1.10B
Share repurchases	$856.00M	$396.00M	$573.00M	$501.00M	$505.00M	$477.00M	$503.00M	$469.00M	$934.00M	$918.00M	$851.00M	$1.05B
Stock-based compensation	$39.00M	$60.00M	$37.00M	$39.00M	$44.00M	$45.00M	$44.00M	$40.00M	$38.00M	$50.00M	$37.00M	$43.00M
Depreciation and amortization	$111.00M	$111.00M	$124.00M	$121.00M	$106.00M	$107.00M	$136.00M	$111.00M	$101.00M	$99.00M	$91.00M	$97.00M

Key ratios

Key ratios
Line item	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023	Q3 2023 Sep 30, 2023
Revenue growth, YoY	3.7%	9.4%	9.7%	3.0%	5.4%	-3.5%	-0.3%	2.7%	-0.1%	4.6%	8.1%	14.0%
Net income growth, YoY	4.8%	6.2%	7.3%	1.0%	11.4%	-3.2%	-1.1%	-2.7%	-12.5%	7.0%	7.1%	16.9%
EPS growth, YoY	5.7%	6.9%	8.2%	1.6%	12.1%	-2.3%	0.4%	-1.3%	-11.1%	8.6%	-	-
Gross margin	90.4%	89.6%	-	90.6%	90.4%	89.6%	-	90.6%	90.3%	89.8%	-	90.7%
Operating margin	47.0%	45.3%	45.0%	47.4%	47.2%	44.5%	44.9%	46.4%	45.0%	44.4%	43.7%	47.9%
Net margin	33.3%	30.4%	30.9%	32.2%	32.9%	31.4%	31.6%	32.8%	31.2%	31.3%	31.8%	34.6%
Free cash flow margin	27.8%	26.5%	23.4%	34.1%	18.3%	31.5%	28.6%	28.3%	16.3%	29.9%	27.0%	36.7%
Current ratio	1.08	1.14	0.95	1.00	1.30	1.18	1.19	0.78	1.08	0.83	1.16	1.71

Source: XBRL data McDonald's Corporation files with the SEC, latest filing dated Aug 7, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MCD peers

Company	Revenue	Growth	Net income	Net margin	Market cap
MCD	$27.70B	+6.3%	$8.79B	31.7%	$195.67B
SBUXStarbucks Corporation	$38.34B	+4.5%	$1.98B	5.2%	$120.17B
YUMYum! Brands Inc.	$8.72B	+10.3%	$2.22B	25.4%	$43.98B
CMGChipotle Mexican Grill Inc.	$12.71B	+7.9%	$1.38B	10.8%	$43.56B
QSRRestaurant Brands International Inc.	$9.78B	+5.5%	$1.76B	18.1%	$35.06B
DRIDarden Restaurants Inc.	$13.37B	+8.1%	$1.18B	8.8%	$25.61B
YUMCYum China Holdings Inc.	$12.71B	+9.9%	$1.00B	7.9%	$17.11B
ARMKAramark	$19.85B	+11.0%	$382.91M	1.9%	$13.85B
TXRHTexas Roadhouse Inc.	$6.23B	+9.9%	$413.17M	6.6%	$12.07B

MCD FAQ

8 questions

What is MCD revenue?
McDonald's Corporation (MCD) reported $27.70B of revenue for the twelve months ended Jun 30, 2026. That is up 6.3% from the year before. Revenue for fiscal 2025 was $26.89B.
Is MCD profitable?
Yes. McDonald's Corporation earned $8.79B in net income for the twelve months ended Jun 30, 2026, a net margin of 31.7%.
How much cash and debt does MCD have?
McDonald's Corporation reported $822.00M in cash and cash equivalents and $39.86B of debt on its most recent balance sheet in SEC filings.
How fast is MCD revenue growing?
McDonald's Corporation's revenue changed +3.7% in fiscal 2025, to $26.89B. Its compound annual growth rate was +7.0% over 5 years and +0.6% over 10 years.
What is MCD free cash flow?
McDonald's Corporation generated $7.76B of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $11.34B less capital expenditures.
What is MCD earnings per share?
Diluted earnings per share were $12.31 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
When did MCD last report financial results?
The latest statements here come from McDonald's Corporation's 10-Q filed on Aug 7, 2026, covering the period ended Jun 30, 2026.
Where does this MCD financial data come from?
Quantisnow builds these statements from the structured XBRL data McDonald's Corporation files with the SEC. It is provided for information only and is not investment advice.