MCD
McDonald's Corporation
NYSE · USConsumer CyclicalRestaurants
$267.64-0.03%
Price as of Jul 20, 2026
MCD financials
McDonald's Corporation financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $26.9B | $25.9B | $25.5B | $23.2B |
| Cost of revenue | $11.4B | $11.2B | $10.9B | $10.0B |
| Gross profit | $15.4B | $14.7B | $14.6B | $13.2B |
| Operating expenses | $3.0B | $3.0B | $2.9B | $3.8B |
| Operating income | $12.4B | $11.7B | $11.6B | $9.4B |
| Net income | $8.6B | $8.2B | $8.5B | $6.2B |
| EBITDA | $14.6B | $13.9B | $13.9B | $10.9B |
| Basic EPS | $12.00 | $11.45 | $11.63 | $8.39 |
| Diluted EPS | $11.95 | $11.39 | $11.56 | $8.33 |
| Balance sheet | ||||
| Cash & equivalents | $774.0M | $1.1B | $4.6B | $2.6B |
| Total assets | $59.5B | $55.2B | $56.1B | $50.4B |
| Total liabilities | $61.3B | $59.0B | $60.9B | $56.4B |
| Stockholders’ equity | -$1.8B | -$3.8B | -$4.7B | -$6.0B |
| Total debt | $54.8B | $51.9B | $53.1B | $48.7B |
| Net debt | $54.0B | $50.9B | $48.5B | $46.1B |
| Cash flow | ||||
| Operating cash flow | $10.6B | $9.4B | $9.6B | $7.4B |
| Capital expenditure | -$3.4B | -$2.8B | -$2.4B | -$1.9B |
| Free cash flow | $7.2B | $6.7B | $7.3B | $5.5B |
| Dividends paid | -$5.1B | -$4.9B | -$4.5B | -$4.2B |
| Share repurchases | -$2.1B | -$2.8B | -$3.1B | -$3.9B |