McDonald's Quarterly Cash Flow Statement
NYSE: MCDConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
McDonald's free cash flow
In the quarter ended Jun 30, 2026, McDonald's generated $2.81 billion of operating cash flow and spent $831.0 million on capital expenditures. That left free cash flow of $1.98 billion, a free-cash-flow margin of 27.8% of revenue. Free cash flow was up 57.6% from the prior year's $1.25 billion.
McDonald's returned $2.17 billion to shareholders: $1.32 billion in dividends and $856.0 million in share repurchases, equal to 110% of free cash flow. Free cash flow covered dividend payments 1.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
McDonald's cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2.36B | 1.98B | 2.16B | 2.28B | 2.25B | 1.87B | 2.02B | 2.25B | 2.02B | 1.93B | 2.04B | 2.32B |
| Net Income growth (YoY) | +4.84% | +6.16% | +7.34% | +1.02% | +11.42% | -3.16% | -1.13% | -2.68% | -12.47% | +7.05% | +7.15% | +16.93% |
| Depreciation & Amortization | 111.00M | 111.00M | 124.00M | 121.00M | 106.00M | 107.00M | 136.00M | 111.00M | 101.00M | 99.00M | 91.00M | 97.00M |
| Stock-Based Compensation | 39.00M | 60.00M | 37.00M | 39.00M | 44.00M | 45.00M | 44.00M | 40.00M | 38.00M | 50.00M | 37.00M | 43.00M |
| Change in Working Capital | -50.00M | -168.00M | — | 570.00M | -731.00M | 111.00M | — | 79.00M | -663.00M | 70.00M | — | 453.00M |
| Operating Cash Flow | 2.81B | 2.41B | 2.70B | 3.43B | 2.00B | 2.43B | 2.63B | 2.74B | 1.69B | 2.39B | 2.49B | 3.03B |
| Capital Expenditures | -831.00M | -682.00M | -1.06B | -1.01B | -744.00M | -551.00M | -807.00M | -794.00M | -628.00M | -547.00M | -757.00M | -570.00M |
| Investing Cash Flow | -868.00M | -777.00M | -1.07B | -1.11B | -869.00M | -771.00M | -742.00M | -1.27B | -846.00M | -2.49B | -840.00M | -933.00M |
| Dividends Paid | -1.32B | -1.32B | -1.32B | -1.26B | -1.26B | -1.27B | -1.27B | -1.20B | -1.20B | -1.21B | -1.21B | -1.10B |
| Share Repurchases | -856.00M | -396.00M | -573.00M | -501.00M | -505.00M | -477.00M | -503.00M | -469.00M | -934.00M | -918.00M | -851.00M | -1.05B |
| Debt Issued | 0 | 1.16B | -10.00M | 1.83B | 1.40B | 1.50B | 649.00M | 0 | 1.73B | 0 | 2.17B | 2.00B |
| Debt Repaid | -580.00M | -1.00M | -2.16B | -1.25B | -700.00M | -693.00M | -992.00M | 0 | -500.00M | -1.28B | -1.06B | 0 |
| Financing Cash Flow | -2.39B | -1.23B | -3.24B | -1.79B | -555.00M | -1.54B | -1.88B | -1.09B | -869.00M | -3.66B | -586.00M | -137.00M |
| Net Change in Cash | -348.00M | 396.00M | -1.64B | 537.00M | 638.00M | 153.00M | -136.00M | 429.00M | -46.00M | -3.74B | 1.08B | 1.87B |
| Free Cash Flow | 1.98B | 1.73B | 1.64B | 2.42B | 1.25B | 1.88B | 1.82B | 1.94B | 1.06B | 1.84B | 1.73B | 2.46B |
This table shows 12 quarterly periods of McDonald's's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MCD's reporting calendar. What is a cash flow statement?