McDonald's Corporation (MCD) — Financial statements
Income statement, balance sheet, and cash flow for McDonald's Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 26,885↑3.7% | 25,920↑1.7% | 25,495↑10.0% | 23,182↓0.2% | 23,223 | |
| Cost of Revenue | 11,450↑2.1% | 11,210↑2.6% | 10,931↑9.6% | 9,975↓6.3% | 10,643 | |
| Gross Profit | 15,435↑4.9% | 14,710↑1.0% | 14,564↑10.3% | 13,207↑5.0% | 12,580 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 2,583↑7.1% | 2,412↓0.9% | 2,435↓2.3% | 2,492↑4.8% | 2,378 | |
| Other Expenses | 459↓21.7% | 586↑21.6% | 482↓64.1% | 1,344↑975.0% | -154 | |
| Operating Expenses | 3,042↑1.5% | 2,998↑2.8% | 2,917↓24.0% | 3,836↑72.5% | 2,224 | |
| Total Costs & Expenses | 14,492↑2.0% | 14,208↑2.6% | 13,848↑0.3% | 13,811↑7.3% | 12,867 | |
| Operating Results | ||||||
| Operating Income | 12,393↑5.8% | 11,712↑0.6% | 11,647↑24.3% | 9,371↓9.5% | 10,356 | |
| Depreciation & Amortization | 2,157↑2.9% | 2,097↑6.0% | 1,978↑5.7% | 1,871↑0.2% | 1,868 | |
| EBITDA | 14,636↑4.9% | 13,948↑0.6% | 13,861↑27.1% | 10,903↓10.5% | 12,182 | |
| EBIT | 12,479↑5.3% | 11,851↓0.3% | 11,883↑31.6% | 9,032↓12.4% | 10,314 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,519↓8.3% | -1,403↓19.5% | -1,174↓0.9% | -1,163↑1.2% | -1,177 | |
| Interest Income | 63↓38.8% | 103↓44.9% | 187↑325.0% | 44↑388.9% | 9 | |
| Interest Expense | 1,582↑5.0% | 1,506↑10.7% | 1,361↑12.8% | 1,207↑1.8% | 1,186 | |
| Non-Operating Income | -86↑38.1% | -139↑41.1% | -236↓169.6% | 339↑701.4% | 42 | |
| Other Income / Expenses | -1,496↓9.4% | -1,367↓21.5% | -1,125↑27.2% | -1,546↓25.9% | -1,228 | |
| Income Before Tax | 10,897↑5.3% | 10,345↓1.7% | 10,522↑34.5% | 7,825↓14.3% | 9,128 | |
| Income Tax Expense | 2,334↑10.0% | 2,121↑3.3% | 2,053↑24.6% | 1,648↑4.1% | 1,583 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 8,563↑4.1% | 8,224↓2.9% | 8,469↑37.1% | 6,177↓18.1% | 7,545 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 8,563↑4.1% | 8,223↓2.9% | 8,469↑37.1% | 6,177↓18.1% | 7,545 | |
| Bottom-Line Net Income | 8,563↑4.1% | 8,223↓2.9% | 8,469↑37.1% | 6,177↓18.1% | 7,545 | |
| EPS (Basic) | 12.00↑4.8% | 11.45↓1.5% | 11.63↑38.6% | 8.39↓17.0% | 10.11 | |
| EPS (Diluted) | 11.95↑4.9% | 11.39↓1.5% | 11.56↑38.8% | 8.33↓17.0% | 10.04 | |
| Weighted Average Shares | 713↓0.7% | 718↓1.3% | 728↓1.2% | 737↓1.3% | 746 | |
| Weighted Average Diluted Shares | 716↓0.8% | 722↓1.4% | 732↓1.2% | 741↓1.4% | 752 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.