McDonald's Financial Statements
NYSE: MCDConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 235.80 +0.24%
McDonald's revenue and earnings
In fiscal 2025, McDonald's generated $26.89 billion in revenue, up 3.7% from fiscal 2024, its 3rd consecutive year of revenue growth. Net income was $8.56 billion (+4.1% year over year), for a net margin of 31.9% versus a median of 31.7% in the prior 5 years. Operating margin was 46.1%.
Diluted earnings per share came in at $11.95, up from $11.39. Over the last 5 fiscal years, MCD's revenue has grown at a 7.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
McDonald's income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.89B | 25.92B | 25.49B | 23.18B | 23.22B | 19.21B | 21.36B | 21.26B | 22.82B | 24.62B |
| Revenue growth (YoY) | +3.72% | +1.67% | +9.97% | -0.17% | +20.90% | -10.09% | +0.50% | -6.85% | -7.32% | -3.11% |
| Selling, General & Admin | 3.04B | 2.86B | 2.82B | 2.86B | — | — | 2.23B | 2.20B | 2.23B | 2.38B |
| Operating Income | 12.39B | 11.71B | 11.65B | 9.37B | 10.36B | 7.32B | 9.07B | 8.82B | 9.55B | 7.74B |
| Interest Expense | 1.58B | 1.51B | 1.36B | 1.21B | 1.19B | 1.22B | 1.12B | 981.20M | 921.30M | 884.80M |
| Other Income (Expense) | 87.00M | 139.00M | 236.00M | -339.00M | -42.30M | 34.80M | 70.20M | -25.30M | -57.90M | 6.30M |
| Pretax Income | 3.29B | 3.28B | 3.67B | 1.85B | 2.41B | 1.39B | 2.16B | 2.22B | 2.24B | 2.06B |
| Income Tax | 2.33B | 2.12B | 2.05B | 1.65B | 1.58B | 1.41B | 1.99B | 1.89B | 3.38B | 2.18B |
| Net Income | 8.56B | 8.22B | 8.47B | 6.18B | 7.55B | 4.73B | 6.03B | 5.92B | 5.19B | 4.69B |
| Net Income growth (YoY) | +4.13% | -2.90% | +37.11% | -18.13% | +59.50% | -21.49% | +1.71% | +14.10% | +10.79% | +3.47% |
| EPS (Basic) | 12.00 | 11.45 | 11.63 | 8.39 | 10.11 | 6.35 | 7.95 | 7.61 | 6.43 | 5.49 |
| EPS (Diluted) | 11.95 | 11.39 | 11.56 | 8.33 | 10.04 | 6.31 | 7.88 | 7.54 | 6.37 | 5.44 |
| Shares Outstanding (Basic) | 713.40 | 718.30 | 727.90 | 736.50 | 746.30 | 744.60M | 758.10M | 778.20M | 807.40M | 854.40M |
| Shares Outstanding (Diluted) | 716.40 | 721.90 | 732.30 | 741.30 | 751.80 | 750.10M | 764.90M | 785.60M | 815.50M | 861.20M |
| EBITDA | 12.85B | 12.16B | 12.03B | 9.74B | 10.69B | 7.62B | 9.33B | 9.04B | 10.92B | 9.26B |
| Operating Margin | 46.10% | 45.19% | 45.69% | 40.42% | 44.59% | 38.13% | 42.45% | 41.50% | 41.86% | 31.45% |
| Net Margin | 31.85% | 31.72% | 33.22% | 26.64% | 32.49% | 24.63% | 28.20% | 27.87% | 22.75% | 19.03% |
This table shows 10 annual periods of McDonald's's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, selling, general & admin, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow MCD's reporting calendar. What is a income statement?