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McDonald's MCD

US equityMarket cap rank #91Restaurants
$239.64
+$1.32 (+0.55%)
Market open · Sep 24, 2:00 pm ET
After hours $238.92 +0.25%
Open$239.05
Prev close$238.32
Day range$238.74 – $242.55
Volume4.61M
Market cap$169.58B
P/E (TTM)19.5
Dividend yield3.07%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$7.10B+3.8% YoY
Operating profit$3.30B+1.3% YoY
Net profit$2.36B+4.8% YoY
Diluted EPS$3.32+5.7% YoY
Free cash flow$1.98B+57.6% YoY
Operating cash flow$2.81B

Revenue, last 8 quarters

$6.9BSep '24$6.4BDec '24$6.0BMar '25$6.8BJun '25$7.1BSep '25$7.0BDec '25$6.5BMar '26$7.1BJun '26

Net profit, last 8 quarters

$2.3BSep '24$2.0BDec '24$1.9BMar '25$2.3BJun '25$2.3BSep '25$2.2BDec '25$2.0BMar '26$2.4BJun '26

Diluted EPS by quarter

3.13Sep '242.80Dec '242.60Mar '253.14Jun '253.18Sep '253.03Dec '252.78Mar '263.32Jun '26

Free cash flow by quarter

$1.9BSep '24$1.8BDec '24$1.9BMar '25$1.3BJun '25$2.4BSep '25$1.6BDec '25$1.7BMar '26$2.0BJun '26

Annual revenue

$19.2BFY20$23.2BFY21$23.2BFY22$25.5BFY23$25.9BFY24$26.9BFY25

Profitability & balance sheet

Gross margin57.4%
Operating margin45.7%
Net margin31.7%
Return on assets14.7%
Current ratio1.08
Liabilities / assets101.7%
Cash & investments$822.00M
Total debt$53.90B
Net cash (debt)-$53.08B
Free cash flow / sales28.0%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • International Operated Markets$3.60B 50.8%
  • United States (US)$2.83B 39.8%
  • International Developmental Licensed Markets & Corporate$669.00M 9.4%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $7.10B $6.52B $26.89B $7.01B $7.08B
Total Operating Revenue $7.10B $6.52B $26.89B $7.01B $7.08B
Cost of Revenue $2.98B $2.87B $11.45B $2.98B $2.97B
Gross Profit $4.12B $3.64B $15.43B $4.03B $4.10B
Operating Expense $817.00M $759.00M $3.04B $873.00M $785.00M
Selling and Admin Expenses $706.00M $648.00M $2.58B $749.00M $664.00M
Depreciation & Amortization & Depletion $111.00M $111.00M $457.00M $124.00M $121.00M
-Depreciation & Amortization $111.00M $111.00M $457.00M $124.00M $121.00M
Operating Profit $3.30B $2.88B $12.39B $3.16B $3.32B
Net Non-Operating Interest Income (Expense) -$398.00M -$393.00M -$1.50B -$391.00M -$380.00M
Non-Operating Interest Income $11.00M $7.00M $82.00M $19.00M $26.00M
Non-Operating Interest Expense $409.00M $400.00M $1.58B $410.00M $406.00M
Other Income (Expense) $33.00M $50.00M $2.00M -$11.00M $11.00M
Gain on Sale of Security -$15.00M -$18.00M -$40.00M -$15.00M -$33.00M
Earnings from Equity Interest $60.00M $62.00M $190.00M $10.00M $63.00M
Special Income (Charges) -$22.00M $7.00M -$193.00M -$14.00M -$25.00M
-Less:Write Off $52.00M $47.00M $229.00M $81.00M $39.00M
-Gain on Sale Of Business $40.00M $30.00M $133.00M $83.00M $35.00M
-Gain on Sale of Property/Plant/Equipment -$10.00M $24.00M -$97.00M -$16.00M -$21.00M
Other Non-Operating Income (Expenses) $10.00M -$1.00M $45.00M $8.00M $6.00M
Pretax Profit $2.94B $2.54B $10.90B $2.76B $2.95B
Tax $574.00M $559.00M $2.33B $594.00M $671.00M
Net Profit $2.36B $1.98B $8.56B $2.16B $2.28B
Profit from Continuing Operations $2.36B $1.98B $8.56B $2.16B $2.28B
Net Income to Parent Company $2.36B $1.98B $8.56B $2.16B $2.28B
Net Income to Common Stockholders $2.36B $1.98B $8.56B $2.16B $2.28B
Basic EPS $3.33 $2.79 $12.00 $3.05 $3.20
Diluted EPS $3.32 $2.78 $11.95 $3.03 $3.18
Dividend Per Share $1.86 $1.86 $7.17 $1.86 $1.77

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $59.92B $60.04B $59.52B $59.52B $60.61B
Total Current Assets $4.35B $4.71B $4.16B $4.16B $6.08B
Cash and Cash Equivalents & Short-Term Investments $822.00M $1.17B $774.00M $774.00M $2.41B
-Cash and Cash Equivalents $822.00M $1.17B $774.00M $774.00M $2.41B
Receivables $2.49B $2.43B $2.47B $2.47B $2.58B
-Accounts Receivable $2.49B $2.43B $2.47B $2.47B $2.58B
Inventory $58.00M $61.00M $61.00M $61.00M $55.00M
Other Current Assets $980.00M $1.05B $862.00M $862.00M $1.03B
Total Non-Current Assets $55.57B $55.33B $55.35B $55.35B $54.53B
Net PPE $42.94B $42.76B $42.85B $42.85B $41.77B
-Gross PPE $64.40B $63.99B $63.90B $63.90B $62.50B
-Accumulated Depreciation -$21.46B -$21.23B -$21.05B -$21.05B -$20.73B
Investments and Advances $2.90B $2.87B $2.82B $2.82B $2.86B
-Long Term Equity Investment $2.90B $2.87B $2.82B $2.82B $2.86B
Goodwill and Other Intangible Assets $3.35B $3.35B $3.35B $3.35B $3.31B
-Goodwill $3.35B $3.35B $3.35B $3.35B $3.31B
Other Non-Current Assets $6.39B $6.36B $6.33B $6.33B $6.59B
Total Liabilities $60.94B $61.32B $61.31B $61.31B $62.77B
Total Current Liabilities $4.02B $4.15B $4.36B $4.36B $6.08B
Payables $1.70B $1.74B $1.65B $1.65B $1.58B
-Accounts Payable $1.11B $1.09B $1.15B $1.15B $972.00M
-Total Tax Payable $588.00M $644.00M $497.00M $497.00M $609.00M
Current Accrued Expenses $1.63B $1.71B $2.02B $2.02B $2.00B
Short-Term Debt and Capital Lease Obligation $690.00M $707.00M $694.00M $694.00M $2.50B
-Current Capital Lease Obligation $690.00M $707.00M $694.00M $694.00M $698.00M
Total Non-Current Liabilities $56.93B $57.18B $56.95B $56.95B $56.69B
Long Term Accounts Payable and Other Payables $176.00M $151.00M $139.00M $139.00M $285.00M
Long Term Debt and Capital Lease Obligation $53.90B $54.17B $54.12B $54.12B $53.32B
-Long Term Debt $39.86B $40.11B $39.97B $39.97B $39.48B
-Long Term Capital Lease Obligation $14.04B $14.07B $14.15B $14.15B $13.84B
Non-Current Deferred Liabilities $2.17B $2.17B $1.98B $1.98B $2.39B
Other Non-Current Liabilities $679.00M $686.00M $703.00M $703.00M $694.00M
Total Equity -$1.02B -$1.29B -$1.79B -$1.79B -$2.16B
Stockholders' Equity -$1.02B -$1.29B -$1.79B -$1.79B -$2.16B
Capital Stock $17.00M $17.00M $17.00M $17.00M $17.00M
-Common Stock $17.00M $17.00M $17.00M $17.00M $17.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $9.84B $9.79B $9.64B $9.64B $9.56B
Retained Earnings $71.99B $70.94B $70.28B $70.28B $69.44B
Less: Treasury Stock $80.53B $79.67B $79.32B $79.32B $78.77B
Gains/Losses Not Affecting Retained Earnings -$2.34B -$2.36B -$2.41B -$2.41B -$2.41B
Other Current Liabilities – -$1.00M – – –
-Current Debt – – – – $1.80B

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $2.81B $2.41B $10.55B $2.70B $3.43B
Net cash flow from continuing operations $2.81B $2.41B $10.55B $2.70B $3.43B
Net Income from Continuing Operations $2.36B $1.98B $8.56B $2.16B $2.28B
Depreciation & Depletion & Amortization $565.00M $566.00M $2.20B $576.00M $559.00M
Deferred Tax -$58.00M $63.00M -$126.00M -$77.00M $35.00M
Other Non-Cash Items -$51.00M -$92.00M -$207.00M -$10.00M -$53.00M
Change in Working Capital -$50.00M -$168.00M $106.00M $156.00M $570.00M
Net cash flow from investing -$868.00M -$777.00M -$3.82B -$1.07B -$1.11B
Net Cash Flow from Continuing Investing Activities -$868.00M -$777.00M -$3.82B -$1.07B -$1.11B
Capital Expenditure -$831.00M -$682.00M -$3.37B -$1.06B -$1.01B
Net PPE Purchase and Sale $21.00M $34.00M $130.00M $92.00M $22.00M
Net Business Purchase and Sale $63.00M -$7.00M -$8.00M $47.00M -$7.00M
Net Other Investing Changes -$121.00M -$122.00M -$579.00M -$149.00M -$116.00M
Financing Cash Flow -$2.39B -$1.23B -$7.13B -$3.24B -$1.79B
Net Cash Flow from Continuing Financing Activities -$2.39B -$1.23B -$7.13B -$3.24B -$1.79B
Net Issuance Payments Of Debt -$88.00M $367.00M -$72.00M -$1.37B -$17.00M
Net Common Stock Issuance -$856.00M -$396.00M -$2.06B -$573.00M -$501.00M
Cash Dividends Paid -$1.32B -$1.32B -$5.12B -$1.32B -$1.26B
Proceeds from Stock Option Exercised $14.00M $128.00M $285.00M $69.00M $29.00M
Net Other Financing Charges -$140.00M -$1.00M -$167.00M -$46.00M -$35.00M
Ending Cash Balance $822.00M $1.17B $774.00M $774.00M $2.41B
Net Change in Cash -$447.00M $410.00M -$397.00M -$1.62B $531.00M
Beginning Cash Balance $1.17B $774.00M $1.09B $2.41B $1.88B
Effect of Exchange Rate Changes $99.00M -$14.00M $86.00M -$24.00M $6.00M
Free Cash Flow $1.98B $1.73B $7.19B $1.64B $2.42B
Gain/Loss from Continuing Operations – – -$149.00M – –
-Change in Receivables – – $231.00M – –
-Change in Inventory – – -$140.00M – –
-Change in Payables and Accrued Expense – – $15.00M – –
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