MCD
McDonald’s Corporation
NYSE: MCD · CONSUMER CYCLICAL · RESTAURANTS
$293.59
+1.21% today
Updated 2026-04-29
Market cap
$206.20B
P/E ratio
24.25
P/S ratio
7.67x
EPS (TTM)
$11.96
Dividend yield
2.45%
52W range
$279 – $340
Volume
3.2M
McDonald’s Corporation (MCD) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.90B | $22.79B | $23.52B | $22.74B | $24.07B | $27.01B | $27.57B | $28.11B | $27.44B | $25.41B | $24.62B | $22.82B | $21.26B | $21.36B | $19.21B | $23.22B | $23.18B | $25.50B | $25.92B | $26.89B |
| Revenue growth (YoY) | — | +9.1% | +3.2% | -3.3% | +5.8% | +12.2% | +2.1% | +2.0% | -2.4% | -7.4% | -3.1% | -7.3% | -6.8% | +0.5% | -10.1% | +20.9% | -0.2% | +10.0% | +1.7% | +3.7% |
| Cost of revenue | $13.96B | $14.88B | $14.88B | $13.95B | $14.44B | $16.32B | $16.75B | $17.20B | $16.99B | $15.62B | $14.42B | $12.20B | $10.43B | $10.19B | $9.46B | $10.64B | $9.97B | $10.93B | $11.21B | $11.45B |
| Gross profit | $6.93B | $7.91B | $8.64B | $8.79B | $9.64B | $10.69B | $10.82B | $10.90B | $10.46B | $9.79B | $10.20B | $10.62B | $10.83B | $11.18B | $9.75B | $12.58B | $13.21B | $14.56B | $14.71B | $15.44B |
| Gross margin | 33.2% | 34.7% | 36.7% | 38.7% | 40.0% | 39.6% | 39.2% | 38.8% | 38.1% | 38.5% | 41.4% | 46.5% | 51.0% | 52.3% | 50.8% | 54.2% | 57.0% | 57.1% | 56.8% | 57.4% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — | — |
| SG&A | $2.34B | $2.37B | $2.36B | $2.23B | $2.33B | $2.39B | $2.46B | $2.39B | $2.49B | $2.43B | $2.38B | $2.23B | $2.20B | $2.23B | $2.25B | $2.38B | $2.49B | $2.42B | $2.32B | $2.58B |
| Operating income | $4.43B | $3.88B | $6.44B | $6.84B | $7.47B | $8.53B | $8.60B | $8.76B | $7.95B | $7.15B | $7.74B | $9.55B | $8.82B | $9.07B | $7.32B | $10.36B | $9.37B | $11.65B | $11.71B | $12.39B |
| Operating margin | 21.2% | 17.0% | 27.4% | 30.1% | 31.0% | 31.6% | 31.2% | 31.2% | 29.0% | 28.1% | 31.5% | 41.9% | 41.5% | 42.5% | 38.1% | 44.6% | 40.4% | 45.7% | 45.2% | 46.1% |
| EBITDA | $5.64B | $5.20B | $7.89B | $8.18B | $8.73B | $9.92B | $10.08B | $10.32B | $9.59B | $8.75B | $9.27B | $10.86B | $10.28B | $10.76B | $9.11B | $12.18B | $10.90B | $13.86B | $13.95B | $14.64B |
| EBITDA margin | 27.0% | 22.8% | 33.5% | 35.9% | 36.3% | 36.7% | 36.6% | 36.7% | 35.0% | 34.4% | 37.6% | 47.6% | 48.4% | 50.4% | 47.4% | 52.5% | 47.0% | 54.4% | 53.8% | 54.4% |
| EBIT | $4.39B | $3.98B | $6.68B | $6.96B | $7.45B | $8.51B | $8.60B | $8.73B | $7.95B | $7.19B | $7.75B | $9.49B | $8.80B | $9.14B | $7.36B | $10.31B | $9.03B | $11.88B | $11.85B | $12.48B |
| Interest expense | $402.00M | $410.10M | $522.60M | $473.20M | $450.90M | $492.80M | $516.60M | $527.80M | $576.40M | $638.30M | $884.80M | $921.30M | $981.20M | $1.12B | $1.22B | $1.19B | $1.21B | $1.36B | $1.51B | $1.58B |
| Income tax | $1.29B | $1.24B | $1.84B | $1.94B | $2.05B | $2.51B | $2.61B | $2.62B | $2.61B | $2.03B | $2.18B | $3.38B | $1.89B | $1.99B | $1.41B | $1.58B | $1.65B | $2.05B | $2.12B | $2.33B |
| Effective tax rate | 26.7% | 34.1% | 30.0% | 29.8% | 29.3% | 31.3% | 32.4% | 31.9% | 35.5% | 30.9% | 31.7% | 39.4% | 24.2% | 24.9% | 23.0% | 17.3% | 21.1% | 19.5% | 20.5% | 21.4% |
| Net income | $3.54B | $2.40B | $4.31B | $4.55B | $4.95B | $5.50B | $5.46B | $5.59B | $4.76B | $4.53B | $4.69B | $5.19B | $5.92B | $6.03B | $4.73B | $7.55B | $6.18B | $8.47B | $8.22B | $8.56B |
| Net income growth (YoY) | — | -32.4% | +80.1% | +5.5% | +8.7% | +11.3% | -0.7% | +2.2% | -14.8% | -4.8% | +3.5% | +10.8% | +14.1% | +1.7% | -21.5% | +59.5% | -18.1% | +37.1% | -2.9% | +4.1% |
| Profit margin | 17.0% | 10.5% | 18.3% | 20.0% | 20.5% | 20.4% | 19.8% | 19.9% | 17.3% | 17.8% | 19.0% | 22.8% | 27.9% | 28.2% | 24.6% | 32.5% | 26.6% | 33.2% | 31.7% | 31.9% |