Mcdonalds Corp. MCD

What this company does

McDonald's franchises, owns and operates restaurants that serve a locally relevant menu of food and beverages in communities across more than 100 countries. Restaurant menus are substantially uniform, with geographic variations, and feature hamburgers and cheeseburgers, the Big Mac, the Quarter Pounder with Cheese, the Filet-O-Fish, chicken sandwiches, Chicken McNuggets, fries, shakes, desserts, soft drinks, coffee and McCafé beverages. At year-end 2025 there were 45,356 McDonald's restaurants, approximately 95% of them franchised. Company employees, in corporate and other offices as well as in Company-owned and operated restaurants, totaled over 150,000 worldwide as of year-end 2025, approximately 70% of them based outside of the U.S. Its significant reportable segments are the United States and International Operated Markets, with International Developmental Licensed Markets & Corporate covering the results of over 75 countries as well as Corporate activities. Franchised restaurants are owned and operated under a conventional franchise, a developmental license or an affiliate arrangement. Revenues consist of sales by Company-owned and operated restaurants and fees from franchised restaurants run by conventional franchisees, developmental licensees and affiliates.

Written from the business description in McDONALD’S CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.