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MARKETS / NYSE / MCD
NYSE · RETAIL-EATING PLACES · LARGE CAP

Mcdonalds Corp. MCD

19 fiscal years on record · USD · FY2025 reported · SEC filings only
4 YEARS OF DIVIDEND GROWTH
$26.9B
▲ 3.7% YoY
$8.6B
▲ 4.1% YoY
$7.2B
▲ 7.7% YoY
In brief

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.

Growth
USD 26.9B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 26.9 · Net income 8.6
10B20B2007201020132016201920222025
Compound annual growth
+5.1%
+7.0%
+0.6%
+0.7%
+11.5%
+12.6%
+6.6%
+3.7%
+12.8%
+8.2%
−4.1%
+9.5%
−2.7%
+2.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.0% a year over five years — but profit grew faster: net income at +12.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
32 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 46.1% · Net 31.9%
20%40%2007201020132016201920222025
ROE
FY2016 · ROE 191.9%
50%100%150%2007201020132016201920222025

Cash & shareholders
USD 6.9B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 7.2
2.5B5.0B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 5.1 · Net buybacks 1.8
5B10BDividendsNet buybacks2007201020132016201920222025
Dividends paidUSD 5.1B
Net buybacksUSD 1.8B
Share of profit80.4%
Consecutive raises4 years (since the 2021 share-count change)

USD 5.1B in dividends and USD 1.8B in buybacks — 80% of the year's profit went back to shareholders.

Total assetsUSD 59.5B
EquityUSD -1.8B
CashUSD 774.0M
Gross debtUSD 40.7B
Net debtUSD 39.9B
Current ratio0.95×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B26.925.925.523.223.219.221.421.322.824.625.427.428.127.627.024.122.723.522.8
Operating income $B12.411.711.69.410.47.39.18.89.67.77.17.98.88.68.57.56.86.43.9
EBITDA $B12.812.212.09.710.77.69.39.010.89.18.69.510.310.09.98.7···
Income tax $B2.32.12.11.61.61.42.01.93.42.22.02.62.62.62.52.11.91.81.2
Net income $B8.68.28.56.27.54.76.05.95.24.74.54.85.65.55.54.94.64.32.4
Free cash flow $B7.26.77.35.57.14.65.74.23.74.24.74.14.33.94.44.23.83.82.9
EPS, diluted $11.9511.3911.568.3310.046.317.887.546.375.444.804.825.555.365.274.584.113.761.98
Dividend / sh $7.176.786.235.665.255.044.734.193.833.613.443.283.122.872.532.262.051.621.50
Payout %60595467527959555965716856534749494274
ROE %·········191.945.433.035.736.837.934.533.230.115.7

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating Places
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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