Sunday 1 November 2026 Export MCD’s income statement to Excel — free account

McDonald's Corporation

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

Revenue: +3.74%
EPS: +5.73%
Free cash flow: +57.9%
Total debt: −3.72%

Quarter to June 2026, against a year earlier

258.12 0.74 +0.29%

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Market cap: $182.1B
P/E: 20.9×
Fwd P/E: 20.2×
Dividend yield: 2.89%
F-score: 7/9
Altman Z: 4.92
Beneish M: −2.60
Dividend safety: 70/100

Overview Business Profile Earnings & Analysis Segments Filings

McDonald's Corporation (MCD) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
International Operated Markets	13,633	50.71%
U.S. Market	10,825	40.26%
International Developmental Licensed Markets and Corporate	2,427	9.03%
Gross margin		57.41%
Operating margin		46.09%
Pre-tax margin		40.53%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
International Operated Markets	13,633 50.71%	12,628 48.72%	12,382 48.57%	11,297 48.73%	12,220 52.62%	9,571 49.83%	11,480 53.73%	11,578 54.46%	11,116 48.71%	—	—	—	—	—	—	—	—	—
U.S. Market	10,825 40.26%	10,631 41.01%	10,568 41.45%	9,588 41.36%	8,865 38.17%	7,829 40.76%	8,003 37.46%	7,799 36.69%	8,006 35.08%	8,253 33.52%	8,559 33.68%	8,651 31.53%	8,851 31.49%	8,814 31.97%	8,528 31.58%	8,112 33.69%	7,944 34.93%	8,078 34.34%
International Developmental Licensed Markets and Corporate	2,427 9.03%	2,661 10.27%	2,543 9.97%	2,297 9.91%	2,138 9.21%	1,809 9.42%	1,882 8.81%	1,881 8.85%	3,698 16.21%	—	—	—	—	—	—	—	—	—
International Lead Markets	—	—	—	—	—	—	—	—	—	7,223 29.34%	7,615 29.96%	8,545 31.14%	8,535 30.37%	—	—	—	—	—
High-Growth Markets	—	—	—	—	—	—	—	—	—	6,161 25.02%	6,173 24.29%	6,845 24.94%	7,043 25.06%	—	—	—	—	—
Foundational Markets and Corporate	—	—	—	—	—	—	—	—	—	2,985 12.12%	3,066 12.07%	3,401 12.39%	3,676 13.08%	—	—	—	—	—
Europe	—	—	—	—	—	—	—	—	—	—	—	—	—	10,827 39.28%	10,886 40.31%	9,569 39.75%	9,274 40.77%	9,923 42.18%
Asia Pacific Middle East Africa	—	—	—	—	—	—	—	—	—	—	—	—	—	6,391 23.18%	6,020 22.29%	5,066 21.04%	4,337 19.07%	4,231 17.99%
Other Countries And Corporate	—	—	—	—	—	—	—	—	—	—	—	—	—	1,535 5.57%	1,572 5.82%	1,328 5.52%	1,190 5.23%	1,290 5.49%
Revenue	26,885	25,920	25,494	23,183	23,223	19,208	21,364	21,258	22,820	24,622	25,413	27,441	28,106	27,567	27,006	24,075	22,745	23,522

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
International Operated Markets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. Market	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Developmental Licensed Markets and Corporate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Lead Markets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
High-Growth Markets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Foundational Markets and Corporate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Europe	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asia Pacific Middle East Africa	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other Countries And Corporate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Global comparable sales	Q1 FY2026	3.80%	—	—
Global Systemwide sales	Q2 FY2026	$37.0B	—	—
International Operated Markets comparable sales	Q4 FY2025	5.20%	0.10%	—
Systemwide sales	Q2 FY2026	5.00%	6.00%	—
Systemwide sales to loyalty members	Q1 FY2026	$9.0B	$8.0B	+12.50%
U.S. comparable sales	Q4 FY2025	6.80%	—	—

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Global comparable sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Global Systemwide sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Operated Markets comparable sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Systemwide sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Systemwide sales to loyalty members	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. comparable sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.