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Friday 6 November 2026 Export MCD’s income statement to Excel — free account

McDonald's Corporation

MCD Consumer Cyclical Restaurants

McDonald's Corporation’s revenue for fiscal 2025 (year ended December 2025) was $26.9 billion, up 3.72% from fiscal 2024.

Revenue
+1.12%
EPS
+5.73%
Free cash flow
+57.9%
Total debt
−3.72%

Quarter to September 2026, against a year earlier

277.49 0.55 −0.20%
Market cap
$196.8B
P/E
22.6×
Fwd P/E
20.2×
Dividend yield
2.68%
F-score
7/9
Altman Z
4.92
Beneish M
−2.60
Dividend safety
70/100
Overview Business Profile Earnings & Analysis
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McDonald's Corporation (MCD) Gross margin

Alert me on Gross margin

McDonald's Corporation's gross margin over the twelve months to 30 September 2026 was 57.6%, up 0.2 percentage points from fiscal 2025 (57.4%). Over the past ten years it has ranged from 38.5% (fiscal 2015) to 57.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Restaurants industry median of 38.9% and above the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 57.4% 0.66
FY2024 56.8% (0.37)
FY2023 57.1% 0.15
FY2022 57.0% 2.80
FY2021 54.2% 3.40
FY2020 50.8% (1.56)
FY2019 52.3% 1.37
FY2018 51.0% 4.42
FY2017 46.5% 5.09
FY2016 41.5% 2.93

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 58.9% 0.88
Jun 2026 58.0% 2.11
Mar 2026 55.9% (1.61)
Dec 2025 57.5% (0.49)
43 more quarters

Against its own ten years

Low 38.5% High 57.4%
Ten-year median 52.3%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
SBUX Starbucks Corporation compare 67.7%
YUM Yum! Brands, Inc. compare 67.4%
MCD McDonald's Corporation 57.6%
QSR Restaurant Brands International Inc. compare 48.7%
DPZ Domino's Pizza Inc compare 40.0%
CMG Chipotle Mexican Grill, Inc. compare 23.8%
DRI Darden Restaurants, Inc. compare 21.7%
TXRH Texas Roadhouse, Inc. compare 15.7%
YUMC Yum China compare 0.00%
Restaurants industry median 38.9%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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