# McDonalds Corp: financial statements, quarterly

MCD · NYSE · CIK 63908 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mcd.md) · [Financials](/companies/mcd/financials.md) · [Filings](/companies/mcd/filings.md) · [Insiders](/companies/mcd/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/mcd/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [6,692](/filings/0000063908-24-000156.md) | [6,406 d](/filings/0000063908-26-000035.md) | [6,169](/filings/0000063908-25-000025.md) | [6,490](/filings/0000063908-25-000039.md) | [6,873](/filings/0000063908-25-000059.md) | [6,388 d](/filings/0000063908-26-000035.md) | [5,956](/filings/0000063908-26-000051.md) | [6,843](/filings/0000063908-26-000073.md) | [7,078](/filings/0000063908-25-000059.md) | [7,009 d](/filings/0000063908-26-000035.md) | [6,517](/filings/0000063908-26-000051.md) | [7,099](/filings/0000063908-26-000073.md) |
| Cost of revenue | $m | [625](/filings/0000063908-24-000156.md) | not reported | [627](/filings/0000063908-25-000025.md) | [629](/filings/0000063908-25-000039.md) | [646](/filings/0000063908-25-000059.md) | not reported | [620](/filings/0000063908-26-000051.md) | [654](/filings/0000063908-26-000073.md) | [666](/filings/0000063908-25-000059.md) | not reported | [676](/filings/0000063908-26-000051.md) | [680](/filings/0000063908-26-000073.md) |
| Selling, general and administrative | $m | not reported | not reported | [720](/filings/0000063908-25-000025.md) | [691](/filings/0000063908-25-000039.md) | [647](/filings/0000063908-25-000059.md) | [799 d](/filings/0000063908-26-000035.md) | [682](/filings/0000063908-26-000051.md) | [700](/filings/0000063908-26-000073.md) | [785](/filings/0000063908-25-000059.md) | [872 d](/filings/0000063908-26-000035.md) | [759](/filings/0000063908-26-000051.md) | [817](/filings/0000063908-26-000073.md) |
| Operating income | $m | [3,208](/filings/0000063908-24-000156.md) | [2,802 d](/filings/0000063908-26-000035.md) | [2,736](/filings/0000063908-25-000025.md) | [2,920](/filings/0000063908-25-000039.md) | [3,188](/filings/0000063908-25-000059.md) | [2,868 d](/filings/0000063908-26-000035.md) | [2,648](/filings/0000063908-26-000051.md) | [3,232](/filings/0000063908-26-000073.md) | [3,357](/filings/0000063908-25-000059.md) | [3,156 d](/filings/0000063908-26-000035.md) | [2,953](/filings/0000063908-26-000051.md) | [3,338](/filings/0000063908-26-000073.md) |
| Interest expense | $m | [341](/filings/0000063908-24-000156.md) | [360 d](/filings/0000063908-26-000035.md) | [372](/filings/0000063908-25-000025.md) | [373](/filings/0000063908-25-000039.md) | [381](/filings/0000063908-25-000059.md) | [380 d](/filings/0000063908-26-000035.md) | [376](/filings/0000063908-26-000051.md) | [390](/filings/0000063908-26-000073.md) | [406](/filings/0000063908-25-000059.md) | [410 d](/filings/0000063908-26-000035.md) | [400](/filings/0000063908-26-000051.md) | [409](/filings/0000063908-26-000073.md) |
| Income tax | $m | [606](/filings/0000063908-24-000156.md) | [476 d](/filings/0000063908-26-000035.md) | [479](/filings/0000063908-25-000025.md) | [533](/filings/0000063908-25-000039.md) | [588](/filings/0000063908-25-000059.md) | [521 d](/filings/0000063908-26-000035.md) | [461](/filings/0000063908-26-000051.md) | [608](/filings/0000063908-26-000073.md) | [671](/filings/0000063908-25-000059.md) | [594 d](/filings/0000063908-26-000035.md) | [559](/filings/0000063908-26-000051.md) | [574](/filings/0000063908-26-000073.md) |
| Net income | $m | [2,317](/filings/0000063908-24-000156.md) | [2,039 d](/filings/0000063908-26-000035.md) | [1,929](/filings/0000063908-25-000025.md) | [2,022](/filings/0000063908-25-000039.md) | [2,255](/filings/0000063908-25-000059.md) | [2,016 d](/filings/0000063908-26-000035.md) | [1,868](/filings/0000063908-26-000051.md) | [2,253](/filings/0000063908-26-000073.md) | [2,278](/filings/0000063908-25-000059.md) | [2,164 d](/filings/0000063908-26-000035.md) | [1,983](/filings/0000063908-26-000051.md) | [2,362](/filings/0000063908-26-000073.md) |
| Diluted EPS | $ per share | [3.17](/filings/0000063908-24-000156.md) | not reported | [2.66](/filings/0000063908-25-000025.md) | [2.80](/filings/0000063908-25-000039.md) | [3.13](/filings/0000063908-25-000059.md) | not reported | [2.60](/filings/0000063908-26-000051.md) | [3.14](/filings/0000063908-26-000073.md) | [3.18](/filings/0000063908-25-000059.md) | not reported | [2.78](/filings/0000063908-26-000051.md) | [3.32](/filings/0000063908-26-000073.md) |
| Basic EPS | $ per share | [3.19](/filings/0000063908-24-000156.md) | not reported | [2.67](/filings/0000063908-25-000025.md) | [2.81](/filings/0000063908-25-000039.md) | [3.15](/filings/0000063908-25-000059.md) | not reported | [2.61](/filings/0000063908-26-000051.md) | [3.15](/filings/0000063908-26-000073.md) | [3.20](/filings/0000063908-25-000059.md) | not reported | [2.79](/filings/0000063908-26-000051.md) | [3.33](/filings/0000063908-26-000073.md) |

- Revenue: us-gaap:Revenues
- Cost of revenue: us-gaap:CostOfGoodsAndServicesSold
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $bn | [3.5](/filings/0000063908-23-000101.md) | [4.6](/filings/0000063908-25-000012.md) | [0.8](/filings/0000063908-24-000092.md) | [0.8](/filings/0000063908-24-000123.md) | [1.2](/filings/0000063908-24-000156.md) | [1.1](/filings/0000063908-26-000035.md) | [1.2](/filings/0000063908-25-000025.md) | [1.9](/filings/0000063908-25-000039.md) | [2.4](/filings/0000063908-25-000059.md) | [0.8](/filings/0000063908-26-000073.md) | [1.2](/filings/0000063908-26-000051.md) | [0.8](/filings/0000063908-26-000073.md) |
| Current assets | $bn | [6.9](/filings/0000063908-23-000101.md) | [8.0](/filings/0000063908-25-000012.md) | [4.1](/filings/0000063908-24-000092.md) | [4.2](/filings/0000063908-24-000123.md) | [4.9](/filings/0000063908-24-000156.md) | [4.6](/filings/0000063908-26-000035.md) | [4.7](/filings/0000063908-25-000025.md) | [5.6](/filings/0000063908-25-000039.md) | [6.1](/filings/0000063908-25-000059.md) | [4.2](/filings/0000063908-26-000073.md) | [4.7](/filings/0000063908-26-000051.md) | [4.3](/filings/0000063908-26-000073.md) |
| Total assets | $bn | [52.1](/filings/0000063908-23-000101.md) | [56.1](/filings/0000063908-26-000035.md) | [53.5](/filings/0000063908-24-000092.md) | [53.8](/filings/0000063908-24-000123.md) | [56.2](/filings/0000063908-24-000156.md) | [55.2](/filings/0000063908-26-000035.md) | [56.3](/filings/0000063908-25-000025.md) | [59.6](/filings/0000063908-25-000039.md) | [60.6](/filings/0000063908-25-000059.md) | [59.5](/filings/0000063908-26-000073.md) | [60.0](/filings/0000063908-26-000051.md) | [59.9](/filings/0000063908-26-000073.md) |
| Current liabilities | $bn | [4.0](/filings/0000063908-23-000101.md) | [6.9](/filings/0000063908-25-000012.md) | [4.9](/filings/0000063908-24-000092.md) | [3.9](/filings/0000063908-24-000123.md) | [6.3](/filings/0000063908-24-000156.md) | [3.9](/filings/0000063908-26-000035.md) | [4.0](/filings/0000063908-25-000025.md) | [4.3](/filings/0000063908-25-000039.md) | [6.1](/filings/0000063908-25-000059.md) | [4.4](/filings/0000063908-26-000073.md) | [4.1](/filings/0000063908-26-000051.md) | [4.0](/filings/0000063908-26-000073.md) |
| Long-term debt | $bn | [37.3](/filings/0000063908-23-000101.md) | [37.2](/filings/0000063908-25-000012.md) | [36.8](/filings/0000063908-24-000092.md) | [38.5](/filings/0000063908-24-000123.md) | [39.0](/filings/0000063908-24-000156.md) | [38.4](/filings/0000063908-26-000035.md) | [38.8](/filings/0000063908-25-000025.md) | [40.8](/filings/0000063908-25-000039.md) | [39.5](/filings/0000063908-25-000059.md) | [40.0](/filings/0000063908-26-000073.md) | [40.1](/filings/0000063908-26-000051.md) | [39.9](/filings/0000063908-26-000073.md) |
| Current portion of debt | $bn | not reported | [2.2](/filings/0000063908-25-000012.md) | not reported | not reported | not reported | [0.0](/filings/0000063908-25-000012.md) | not reported | not reported | not reported | [0.7](/filings/0000063908-26-000035.md) | not reported | not reported |
| Short-term borrowings | $bn | not reported | [2.2](/filings/0000063908-24-000156.md) | [0.6](/filings/0000063908-24-000092.md) | [0.0](/filings/0000063908-24-000123.md) | [0.6](/filings/0000063908-24-000156.md) | [0.0](/filings/0000063908-25-000059.md) | [0.1](/filings/0000063908-25-000025.md) | [0.6](/filings/0000063908-25-000039.md) | [1.8](/filings/0000063908-25-000059.md) | [0.8](/filings/0000063908-26-000035.md) | not reported | not reported |
| Shareholders' equity | $bn | [(4.9)](/filings/0000063908-24-000156.md) | [(4.7)](/filings/0000063908-26-000035.md) | [(4.8)](/filings/0000063908-25-000039.md) | [(4.8)](/filings/0000063908-25-000059.md) | [(5.2)](/filings/0000063908-25-000059.md) | [(3.8)](/filings/0000063908-26-000073.md) | [(3.5)](/filings/0000063908-26-000073.md) | [(2.8)](/filings/0000063908-26-000073.md) | [(2.2)](/filings/0000063908-25-000059.md) | [(1.8)](/filings/0000063908-26-000073.md) | [(1.3)](/filings/0000063908-26-000073.md) | [(1.0)](/filings/0000063908-26-000073.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:DebtCurrent, us-gaap:LongTermDebtCurrent
- Short-term borrowings: us-gaap:ShortTermBorrowings, us-gaap:CommercialPaper
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [3,029](/filings/0000063908-24-000156.md) | [2,489 d](/filings/0000063908-26-000035.md) | [2,390](/filings/0000063908-25-000025.md) | [1,689](/filings/0000063908-25-000039.md) | [2,736](/filings/0000063908-25-000059.md) | [2,631 d](/filings/0000063908-26-000035.md) | [2,428](/filings/0000063908-26-000051.md) | [1,998](/filings/0000063908-26-000073.md) | [3,428](/filings/0000063908-25-000059.md) | [2,697 d](/filings/0000063908-26-000035.md) | [2,412](/filings/0000063908-26-000051.md) | [2,807](/filings/0000063908-26-000073.md) |
| Capital expenditure | $m | [570](/filings/0000063908-24-000156.md) | [757 d](/filings/0000063908-26-000035.md) | [547](/filings/0000063908-25-000025.md) | [628](/filings/0000063908-25-000039.md) | [794](/filings/0000063908-25-000059.md) | [807 d](/filings/0000063908-26-000035.md) | [551](/filings/0000063908-26-000051.md) | [744](/filings/0000063908-26-000073.md) | [1,011](/filings/0000063908-25-000059.md) | [1,059 d](/filings/0000063908-26-000035.md) | [682](/filings/0000063908-26-000051.md) | [831](/filings/0000063908-26-000073.md) |
| Dividends paid | $m | [1,105](/filings/0000063908-24-000156.md) | [1,208 d](/filings/0000063908-26-000035.md) | [1,206](/filings/0000063908-25-000025.md) | [1,199](/filings/0000063908-25-000039.md) | [1,197](/filings/0000063908-25-000059.md) | [1,268 d](/filings/0000063908-26-000035.md) | [1,266](/filings/0000063908-26-000051.md) | [1,265](/filings/0000063908-26-000073.md) | [1,262](/filings/0000063908-25-000059.md) | [1,323 d](/filings/0000063908-26-000035.md) | [1,323](/filings/0000063908-26-000051.md) | [1,317](/filings/0000063908-26-000073.md) |
| Share repurchases | $m | [1,054](/filings/0000063908-24-000156.md) | [851 d](/filings/0000063908-26-000035.md) | [918](/filings/0000063908-25-000025.md) | [934](/filings/0000063908-25-000039.md) | [469](/filings/0000063908-25-000059.md) | [503 d](/filings/0000063908-26-000035.md) | [477](/filings/0000063908-26-000051.md) | [505](/filings/0000063908-26-000073.md) | [501](/filings/0000063908-25-000059.md) | [573 d](/filings/0000063908-26-000035.md) | [396](/filings/0000063908-26-000051.md) | [856](/filings/0000063908-26-000073.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: us-gaap:PaymentsOfDividendsCommonStock
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [740](/filings/0000063908-23-000101.md) | [0.0](/filings/0000063908-24-000092.md) | [0.0](/filings/0000063908-24-000123.md) | [0.0](/filings/0000063908-24-000156.md) | [0.0](/filings/0000063908-25-000025.md) | [0.0](/filings/0000063908-25-000039.md) | [0.0](/filings/0000063908-25-000059.md) | [0.0](/filings/0000063908-26-000051.md) | [0.0](/filings/0000063908-26-000073.md) | [0.0](/filings/0000063908-25-000059.md) | [0.0](/filings/0000063908-26-000051.md) | [0.0](/filings/0000063908-26-000073.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 707,641,531 at 2026-06-30, from the cover of the [10-Q filed 2026-08-07](/filings/0000063908-26-000073.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:19 ET. No prices; not investment advice.