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Saturday 17 October 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. In the quarter to June 2026, revenue grew 3.74%, EPS grew 5.73%, free cash flow grew 57.9% and total debt fell 3.72%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years, revenue growth for three.

242.97 0.47 +0.19%
Market cap
$171.6B
P/E
19.7×
Fwd P/E
21.7×
Dividend yield
3.06%
F-score
7/9
Altman Z
4.92
Beneish M
−2.60
Dividend safety
70/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

McDonald's Corporation (MCD) Operating margin

Alert me on Operating margin

McDonald's Corporation's operating margin over the twelve months to 30 June 2026 was 46.2%, up 0.1 percentage points from fiscal 2025 (46.1%). Over the past ten years it has ranged from 28.1% (fiscal 2015) to 46.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Restaurants industry median of 4.30% and above the Consumer Cyclical sector median of 3.57%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 46.1% 0.90
FY2024 45.2% (0.50)
FY2023 45.7% 5.26
FY2022 40.4% (4.16)
FY2021 44.6% 6.46
FY2020 38.1% (4.32)
FY2019 42.5% 0.95
FY2018 41.5% (0.36)
FY2017 41.9% 10.41
FY2016 31.5% 3.33

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 47.0% 1.71
Mar 2026 45.3% 0.29
Dec 2025 45.0% (2.41)
Sep 2025 47.4% 0.20
42 more quarters

Against its own ten years

Low 28.1% High 46.1%
Ten-year median 41.9%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
MCD McDonald's Corporation 46.2%
YUM Yum! Brands, Inc. compare 31.0%
QSR Restaurant Brands International Inc. compare 26.9%
DPZ Domino's Pizza Inc compare 19.7%
CMG Chipotle Mexican Grill, Inc. compare 14.7%
DRI Darden Restaurants, Inc. compare 11.7%
YUMC Yum China compare 11.1%
SBUX Starbucks Corporation compare 7.77%
TXRH Texas Roadhouse, Inc. compare 7.75%
Restaurants industry median 4.30%
Consumer Cyclical sector median 3.57%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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