McDonald's Corporation (MCD)

MCD Income Statement

Revenue, expenses, and profitability analysis

MCD Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	15.742B	3.643B	4.032B	4.105B	3.962B	3.336B	3.679B	3.876B	3.718B
Revenue	27.447B	6.517B	7.009B	7.078B	6.843B	5.955B	6.388B	6.874B	6.490B
Cost of Goods Sold	11.705B	2.874B	2.977B	2.973B	2.881B	2.619B	2.709B	2.998B	2.772B
Gross Profit Margin	55.9%	55.9%	57.5%	58.0%	57.9%	56.0%	57.6%	56.4%	57.3%
Total Operating Expenses	3.113B	759.000M	876.000M	748.000M	730.000M	688.000M	811.000M	688.000M	798.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.656B	648.000M	749.000M	664.000M	595.000M	575.000M	664.000M	536.000M	590.000M
Operating Income (EBIT)	12.629B	2.884B	3.156B	3.357B	3.232B	2.648B	2.868B	3.188B	2.920B
Operating Margin	44.3%	44.3%	45.0%	47.4%	47.2%	44.5%	44.9%	46.4%	45.0%
Income Before Tax (EBT)	11.110B	2.542B	2.758B	2.949B	2.861B	2.330B	2.538B	2.843B	2.555B
Interest Income	53.000M	7.000M	—	26.000M	20.000M	17.000M	18.000M	18.000M	20.000M
Interest Expense	1.606B	400.000M	410.000M	406.000M	390.000M	376.000M	380.000M	381.000M	373.000M
Other Income/Expense	-1.519B	-342.000M	-398.000M	-408.000M	-371.000M	-318.000M	-330.000M	-345.000M	-365.000M
Net Income	8.678B	1.983B	2.164B	2.278B	2.253B	1.868B	2.016B	2.255B	2.022B
Income Tax Expense	2.432B	559.000M	594.000M	671.000M	608.000M	461.000M	521.000M	588.000M	533.000M
Net Profit Margin	30.4%	30.4%	30.9%	32.2%	32.9%	31.4%	31.6%	32.8%	31.2%
EBITDA	14.919B	3.508B	3.702B	3.914B	3.795B	3.226B	3.471B	3.756B	3.430B
EBITDA Margin	53.8%	53.8%	52.8%	55.3%	55.5%	54.2%	54.3%	54.6%	52.9%
Depreciation & Amortization	2.203B	566.000M	534.000M	559.000M	544.000M	520.000M	553.000M	532.000M	502.000M
EPS Basic	12.17	2.79	3.03	3.20	3.15	2.61	2.82	3.15	2.81
EPS Diluted	12.13	2.78	3.03	3.18	3.14	2.60	2.80	3.13	2.80
Shares Outstanding	710.700M	710.700M	714.191M	712.900M	714.500M	714.900M	715.200M	716.700M	718.800M
Diluted Shares Outstanding	713.500M	713.500M	714.200M	715.900M	717.600M	718.200M	719.700M	720.000M	722.000M

MCD Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	15.435B	14.710B	14.564B	13.207B	12.580B	9.752B	11.179B	10.833B
Revenue	26.885B	25.920B	25.495B	23.182B	23.223B	19.208B	21.364B	21.258B
Cost of Goods Sold	11.450B	11.210B	10.931B	9.975B	10.643B	9.456B	10.185B	10.425B
Gross Profit Margin	57.4%	56.8%	57.1%	57.0%	54.2%	50.8%	52.3%	51.0%
Total Operating Expenses	3.042B	2.998B	2.917B	3.836B	2.224B	2.428B	2.110B	2.010B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.583B	2.412B	2.435B	2.492B	2.378B	2.245B	1.967B	1.985B
Operating Income (EBIT)	12.393B	11.712B	11.647B	9.371B	10.356B	7.324B	9.070B	8.823B
Operating Margin	46.1%	45.2%	45.7%	40.4%	44.6%	38.1%	42.5%	41.5%
Income Before Tax (EBT)	10.897B	10.345B	10.522B	7.825B	9.128B	6.141B	8.018B	7.816B
Interest Income	63.000M	103.000M	187.000M	44.000M	9.000M	18.000M	37.000M	4.000M
Interest Expense	1.582B	1.506B	1.361B	1.207B	1.186B	1.218B	1.122B	981.200M
Other Income/Expense	-1.496B	-1.367B	-1.125B	-1.546B	-1.228B	-1.183B	-1.052B	-1.006B
Net Income	8.563B	8.223B	8.469B	6.177B	7.545B	4.731B	6.025B	5.924B
Income Tax Expense	2.334B	2.121B	2.053B	1.648B	1.583B	1.410B	1.993B	1.892B
Net Profit Margin	31.9%	31.7%	33.2%	26.6%	32.5%	24.6%	28.2%	27.9%
EBITDA	14.636B	13.948B	13.861B	10.903B	12.182B	9.110B	10.758B	10.279B
EBITDA Margin	54.4%	53.8%	54.4%	47.0%	52.5%	47.4%	50.4%	48.4%
Depreciation & Amortization	2.157B	2.097B	1.978B	1.871B	1.868B	1.751B	1.618B	1.482B
EPS Basic	12.00	11.45	11.63	8.39	10.11	6.35	7.95	7.61
EPS Diluted	11.95	11.39	11.56	8.33	10.04	6.31	7.88	7.54
Shares Outstanding	713.400M	718.300M	727.900M	736.500M	746.300M	744.600M	758.100M	778.200M
Diluted Shares Outstanding	716.400M	721.900M	732.300M	741.300M	751.800M	750.100M	764.900M	785.600M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About McDonald's Corporation

McDonald's Corporation operates and licenses its renowned fast-food chain worldwide, with a significant presence in both the United States and international markets. Their comprehensive menu offers classic items like hamburgers and cheeseburgers, a variety of chicken options including sandwiches and nuggets, alongside lighter choices such as wraps, french fries, and salads. For breakfast, patrons can select from offerings like biscuit and bagel sandwiches, breakfast burritos, and hotcakes. Additionally, the company provides oatmeal, an assortment of desserts including milkshakes, sundaes, and soft-serve ice cream, plus a selection of baked goods. A wide array of soft drinks, coffee, and other beverages completes their offering. By December 31, 2021, the corporation's global network encompassed 40,031 establishments. McDonald's Corporation, founded in 1940, has its main corporate office located in Chicago, Illinois.

Chicago, IL

150,000 employees

www.mcdonalds.com

Consumer Cyclical / Restaurants

Sector: Consumer Cyclical
Industry: Restaurants
CEO: Christopher J. Kempczinski

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