McDonald's Corporation (MCD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 6.52B | 7.01B | 7.08B | 6.84B | 5.96B | 6.39B | 6.87B | 6.49B | 6.17B | 6.41B | 6.69B | 6.5B | 5.9B | 5.93B | 5.87B | 5.72B | 5.67B | 6.01B | 6.2B | 5.89B |
| Revenue Growth % | 9.44% | 9.72% | 2.97% | 5.44% | -3.47% | -0.28% | 2.72% | -0.11% | 4.59% | 8.09% | 13.96% | 13.62% | 4.1% | -1.37% | -5.31% | -2.88% | 10.56% | 13.08% | 14.46% | 56.53% |
| Cost of Goods Sold | 2.87B | 2.98B | 2.97B | 2.88B | 2.62B | 2.71B | 3B | 2.77B | 2.73B | 2.75B | 2.83B | 2.77B | 2.58B | 2.52B | 2.43B | 2.42B | 2.62B | 2.75B | 2.77B | 2.67B |
| COGS % of Revenue | 44.1% | 42.47% | 42% | 42.1% | 43.98% | 42.41% | 43.61% | 42.71% | 44.25% | 42.96% | 42.26% | 42.57% | 43.81% | 42.48% | 41.31% | 42.25% | 46.16% | 45.73% | 44.67% | 45.32% |
| Gross Profit | 3.64B | 4.03B | 4.11B | 3.96B | 3.34B | 3.68B | 3.88B | 3.72B | 3.44B | 3.65B | 3.86B | 3.73B | 3.31B | 3.41B | 3.45B | 3.3B | 3.05B | 3.26B | 3.43B | 3.22B |
| Gross Margin % | 55.9% | 57.53% | 58% | 57.9% | 56.02% | 57.59% | 56.39% | 57.29% | 55.75% | 57.04% | 57.74% | 57.43% | 56.19% | 57.52% | 58.69% | 57.75% | 53.84% | 54.27% | 55.33% | 54.68% |
| Gross Profit Growth % | 9.2% | 9.59% | 5.91% | 6.56% | -3% | 0.68% | 0.31% | -0.35% | 3.77% | 7.2% | 12.13% | 12.99% | 8.65% | 4.54% | 0.43% | 2.57% | 14.31% | 17.29% | 18.13% | 86.61% |
| Operating Expenses | 759M | 876M | 748M | 730M | 688M | 811M | 688M | 798M | 703M | 852.3M | 656M | 627M | 782M | 826.2M | 682.2M | 1.59B | 737.5M | 863.9M | 444.9M | 528.4M |
| OpEx % of Revenue | 11.65% | 12.5% | 10.57% | 10.67% | 11.55% | 12.7% | 10.01% | 12.3% | 11.4% | 13.3% | 9.8% | 9.65% | 13.26% | 13.94% | 11.62% | 27.81% | 13.02% | 14.38% | 7.17% | 8.97% |
| Selling, General & Admin | 648M | 749M | 664M | 595M | 575M | 664M | 536M | 590M | 622M | 730.9M | 584M | 567M | 553M | 720.3M | 576.4M | 611.2M | 584.3M | 755.4M | 559.6M | 572.4M |
| SG&A % of Revenue | 9.94% | 10.69% | 9.38% | 8.7% | 9.66% | 10.39% | 7.8% | 9.09% | 10.08% | 11.41% | 8.73% | 8.73% | 9.38% | 12.15% | 9.82% | 10.69% | 10.31% | 12.57% | 9.02% | 9.72% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K |
| Operating Income | 2.88B | 3.16B | 3.36B | 3.23B | 2.65B | 2.87B | 3.19B | 2.92B | 2.74B | 2.8B | 3.21B | 3.1B | 2.53B | 2.58B | 2.76B | 1.71B | 2.31B | 2.4B | 2.99B | 2.69B |
| Operating Margin % | 44.25% | 45.03% | 47.43% | 47.23% | 44.47% | 44.9% | 46.38% | 44.99% | 44.35% | 43.74% | 47.94% | 47.78% | 42.93% | 43.58% | 47.07% | 29.93% | 40.82% | 39.89% | 48.16% | 45.71% |
| Operating Income Growth % | 8.91% | 10.04% | 5.3% | 10.68% | -3.22% | 2.36% | -0.62% | -5.93% | 8.06% | 8.49% | 16.07% | 81.33% | 9.49% | 7.74% | -7.45% | -36.39% | 1.37% | 11.86% | 18.21% | 180% |
| EBITDA | 3.45B | 3.69B | 3.92B | 3.78B | 3.17B | 3.42B | 3.72B | 3.42B | 3.25B | 3.3B | 3.71B | 3.6B | 3.02B | 3.05B | 3.23B | 2.17B | 2.79B | 2.88B | 3.46B | 3.15B |
| EBITDA Margin % | 52.94% | 52.65% | 55.33% | 55.18% | 53.2% | 53.55% | 54.12% | 52.73% | 52.62% | 51.5% | 55.38% | 55.35% | 51.24% | 51.39% | 55% | 38.02% | 49.29% | 47.91% | 55.73% | 53.58% |
| EBITDA Growth % | 8.9% | 7.86% | 5.27% | 10.34% | -2.4% | 3.69% | 0.38% | -4.84% | 7.41% | 8.33% | 14.75% | 65.41% | 8.23% | 5.8% | -6.55% | -31.08% | 2.09% | 10.41% | 16.49% | 127.47% |
| D&A (Non-Cash Add-back) | 566M | 534M | 559M | 544M | 520M | 553M | 532M | 502M | 510M | 497.5M | 498M | 492M | 490M | 463.1M | 465.6M | 462.2M | 479.7M | 481.6M | 469.2M | 463.4M |
| EBIT | 2.94B | 3.17B | 3.35B | 3.25B | 2.71B | 2.92B | 3.22B | 2.93B | 2.78B | 2.88B | 3.27B | 3.15B | 2.6B | 2.66B | 2.84B | 1.7B | 1.83B | 2.4B | 2.99B | 2.67B |
| Net Interest Income | -393M | -410M | -380M | -370M | -359M | -362M | -363M | -353M | -325M | -296.3M | -294M | -293M | -292M | -296.9M | -295.4M | -286M | -284.7M | -293.1M | -291.4M | -294.1M |
| Interest Income | 7M | 0 | 26M | 20M | 17M | 18M | 18M | 20M | 47M | 63.9M | 47M | 37M | 38M | 26M | 10.8M | 4.6M | 2.6M | 2.5M | 2.3M | 2.4M |
| Interest Expense | 400M | 410M | 406M | 390M | 376M | 380M | 381M | 373M | 372M | 360.2M | 341M | 330M | 330M | 322.9M | 306.2M | 290.6M | 287.3M | 295.6M | 293.7M | 296.5M |
| Other Income/Expense | -342M | -398M | -408M | -371M | -318M | -330M | -345M | -365M | -327M | -286.9M | -284M | -287M | -265M | -243.8M | -227.7M | -302.7M | -771.4M | -289.3M | -295.1M | -315.1M |
| Pretax Income | 2.54B | 2.76B | 2.95B | 2.86B | 2.33B | 2.54B | 2.84B | 2.56B | 2.41B | 2.52B | 2.92B | 2.82B | 2.27B | 2.34B | 2.54B | 1.41B | 1.54B | 2.11B | 2.69B | 2.38B |
| Pretax Margin % | 39.01% | 39.35% | 41.66% | 41.81% | 39.13% | 39.73% | 41.36% | 39.37% | 39.05% | 39.26% | 43.69% | 43.36% | 38.44% | 39.47% | 43.19% | 24.64% | 27.2% | 35.08% | 43.4% | 40.35% |
| Income Tax | 559M | 594M | 671M | 608M | 461M | 521M | 588M | 533M | 479M | 476M | 606M | 506M | 465M | 435.5M | 554.6M | 221.1M | 436.8M | 469M | 541.5M | 156.7M |
| Effective Tax Rate % | 21.99% | 21.54% | 22.75% | 21.25% | 19.79% | 20.53% | 20.68% | 20.86% | 19.88% | 18.93% | 20.73% | 17.96% | 20.51% | 18.62% | 21.87% | 15.69% | 28.34% | 22.25% | 20.12% | 6.6% |
| Net Income | 1.98B | 2.16B | 2.28B | 2.25B | 1.87B | 2.02B | 2.25B | 2.02B | 1.93B | 2.04B | 2.32B | 2.31B | 1.8B | 1.9B | 1.98B | 1.19B | 1.1B | 1.64B | 2.15B | 2.22B |
| Net Margin % | 30.43% | 30.87% | 32.18% | 32.92% | 31.37% | 31.56% | 32.8% | 31.16% | 31.27% | 31.83% | 34.62% | 35.55% | 30.55% | 32.12% | 33.75% | 20.77% | 19.49% | 27.27% | 34.67% | 37.69% |
| Net Income Growth % | 6.16% | 7.34% | 1.02% | 11.42% | -3.16% | -1.13% | -2.68% | -12.47% | 7.05% | 7.12% | 16.93% | 94.44% | 63.17% | 16.15% | -7.83% | -46.47% | -28.16% | 19% | 21.97% | 358.72% |
| Net Income (Continuing) | 1.98B | 2.16B | 2.28B | 2.25B | 1.87B | 2.02B | 2.25B | 2.02B | 1.93B | 2.04B | 2.32B | 2.31B | 1.8B | 1.9B | 1.98B | 1.19B | 1.1B | 1.64B | 2.15B | 2.22B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.78 | 3.03 | 3.18 | 3.14 | 2.60 | 2.80 | 3.13 | 2.80 | 2.66 | 2.80 | 3.17 | 3.15 | 2.45 | 2.59 | 2.68 | 1.60 | 1.48 | 2.18 | 2.86 | 2.95 |
| EPS Growth % | 6.92% | 8.21% | 1.6% | 12.14% | -2.26% | 0% | -1.26% | -11.11% | 8.57% | 8.11% | 18.28% | 96.88% | 65.54% | 18.81% | -6.29% | -45.76% | -27.8% | 18.48% | 21.7% | 353.85% |
| EPS (Basic) | 2.79 | 3.03 | 3.20 | 3.15 | 2.61 | 2.82 | 3.15 | 2.81 | 2.67 | 2.82 | 3.19 | 3.17 | 2.47 | 2.60 | 2.70 | 1.61 | 1.49 | 2.20 | 2.88 | 2.97 |
| Diluted Shares Outstanding | 713.5M | 714.2M | 715.9M | 717.6M | 718.2M | 719.7M | 720M | 722M | 725.9M | 727.8M | 731.6M | 734.3M | 735.5M | 736M | 739.5M | 742M | 747.6M | 751.6M | 752.6M | 752.1M |
| Basic Shares Outstanding | 710.7M | 714.19M | 712.9M | 714.5M | 714.9M | 715.2M | 716.7M | 718.8M | 721.8M | 723.83M | 727.2M | 729.6M | 730.9M | 732.49M | 734.9M | 737.5M | 742.6M | 744.8M | 747.1M | 746.6M |
| Dividend Payout Ratio | 66.72% | 61.14% | 55.4% | 56.15% | 67.77% | 62.9% | 53.08% | 59.3% | 62.52% | 59.25% | 47.68% | 48% | 61.65% | 58.4% | 51.21% | 85.6% | 92.82% | 62.8% | 44.83% | 43.41% |