McDonald's Corporation (MCD) income statement
NYSE · Consumer Cyclical · Restaurants · 150,000 employees · CEO Christopher J. Kempczinski
- Price
- $258.12 +0.29%
- Market cap
- $183B
- Enterprise value
- $236B
- Last report
- Q2 '26 filed 2026-08-07
- Next report
- 2026-11-04 EPS est. $3.38
McDonald's Corporation (MCD) reported revenue of $7.1B for Q2 '26 (+3.7% year on year), operating income of $3.34B (47.0% of revenue) and net income of $2.36B. Over the last four quarters revenue was $27.7B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.69B | $6.41B | $6.17B | $6.49B | $6.87B | $6.39B | $5.96B | $6.84B | $7.08B | $7.01B | $6.52B | $7.1B | |
| Cost of revenue | $2.83B | $2.75B | $2.73B | $2.77B | $3B | $2.71B | $2.62B | $2.88B | $2.97B | $2.98B | $2.87B | $2.98B | |
| Gross profit | $3.86B | $3.65B | $3.44B | $3.72B | $3.88B | $3.68B | $3.34B | $3.96B | $4.11B | $4.03B | $3.64B | $4.12B | |
| Other operating expenses | -$24.8M | $30.8M | -$17M | $107M | $39M | $11M | $7M | $29M | -$37M | $4M | -$69M | -$37M | |
| Operating expenses | $655M | $852M | $703M | $798M | $686M | $811M | $689M | $730M | $748M | $876M | $690M | $780M | |
| Operating income | $3.21B | $2.8B | $2.74B | $2.92B | $3.19B | $2.87B | $2.65B | $3.23B | $3.36B | $3.16B | $2.95B | $3.34B | |
| Interest income | $47.3M | $63.9M | $47M | $20M | $18M | $18M | $17M | $20M | $26M | $19M | $7M | $11M | |
| Interest expense | $341M | $360M | $372M | $373M | $381M | $380M | $376M | $390M | $406M | $410M | $400M | $409M | |
| Other non-operating income (gains on investments, FX ...) | -$55.9M | -$73.3M | -$45M | -$8M | -$35M | -$51M | -$58M | -$19M | $2M | -$11M | $11M | -$7M | |
| Total non-operating income | -$285M | -$287M | -$327M | -$365M | -$346M | -$329M | -$318M | -$371M | -$408M | -$399M | -$411M | -$402M | |
| Income before tax | $2.92B | $2.52B | $2.41B | $2.56B | $2.84B | $2.54B | $2.33B | $2.86B | $2.95B | $2.76B | $2.54B | $2.94B | |
| Income tax | $606M | $476M | $479M | $533M | $588M | $522M | $462M | $608M | $671M | $593M | $559M | $574M | |
| Net income | $2.32B | $2.04B | $1.93B | $2.02B | $2.26B | $2.02B | $1.87B | $2.25B | $2.28B | $2.16B | $1.98B | $2.36B | |
| EPS (basic) | $3.19 | $2.82 | $2.67 | $2.81 | $3.15 | $2.82 | $2.61 | $3.15 | $3.20 | $3.03 | $2.79 | $3.33 | |
| EPS (diluted) | $3.17 | $2.80 | $2.66 | $2.80 | $3.13 | $2.80 | $2.60 | $3.14 | $3.18 | $3.03 | $2.78 | $3.32 | |
| Shares (basic, weighted) | 727M | 724M | 722M | 719M | 717M | 715M | 715M | 715M | 713M | 713M | 711M | 709M | |
| Shares (diluted, weighted) | 732M | 728M | 726M | 722M | 720M | 720M | 718M | 718M | 716M | 716M | 714M | 711M | |
| Depreciation & amortization | $498M | $498M | $510M | $502M | $532M | $553M | $520M | $544M | $559M | $576M | $566M | $565M | |
| EBITDA | $3.76B | $3.37B | $3.29B | $3.43B | $3.76B | $3.47B | $3.23B | $3.8B | $3.91B | $3.74B | $3.51B | $3.91B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.6B | $22.8B | $21B | $21.1B | $19.2B | $23.2B | $23.2B | $25.5B | $25.9B | $26.9B | |
| Cost of revenue | $14.4B | $12.2B | $10.2B | $9.96B | $9.46B | $10.6B | $9.98B | $10.9B | $11.2B | $11.5B | |
| Gross profit | $10.2B | $10.6B | $10.8B | $11.1B | $9.75B | $12.6B | $13.2B | $14.6B | $14.7B | $15.4B | |
| General & administrative | $2.38B | $2.23B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $75.7M | -$1.16B | -$237M | -$184M | -$118M | -$483M | $973M | $98.8M | $140M | $3M | |
| Operating expenses | $2.46B | $1.07B | $1.96B | $2.05B | $2.43B | $2.22B | $3.84B | $2.92B | $3B | $3.04B | |
| Operating income | $7.74B | $9.55B | $8.82B | $9.07B | $7.32B | $10.4B | $9.37B | $11.6B | $11.7B | $12.4B | |
| Interest income | $4M | $7M | $4M | $37M | $18M | $9M | $44M | $186M | $103M | $82M | |
| Interest expense | $885M | $921M | $981M | $1.12B | $1.22B | $1.19B | $1.21B | $1.36B | $1.51B | $1.58B | |
| Other non-operating income (gains on investments, FX ...) | -$6.3M | $57.9M | $25.3M | -$70.2M | -$34.8M | $42.3M | $339M | -$236M | -$139M | -$86M | |
| Total non-operating income | -$879M | -$979M | -$1.01B | -$1.05B | -$1.18B | -$1.23B | -$1.55B | -$1.12B | -$1.37B | -$1.5B | |
| Income before tax | $6.87B | $8.57B | $7.82B | $8.02B | $6.14B | $9.13B | $7.83B | $10.5B | $10.3B | $10.9B | |
| Income tax | $2.18B | $3.38B | $1.89B | $1.99B | $1.41B | $1.58B | $1.65B | $2.05B | $2.12B | $2.33B | |
| Net income | $4.69B | $5.19B | $5.92B | $6.03B | $4.73B | $7.55B | $6.18B | $8.47B | $8.22B | $8.56B | |
| EPS (basic) | $5.49 | $6.43 | $7.61 | $7.95 | $6.35 | $10.11 | $8.39 | $11.63 | $11.45 | $12.00 | |
| EPS (diluted) | $5.44 | $6.37 | $7.54 | $7.88 | $6.31 | $10.04 | $8.33 | $11.56 | $11.39 | $11.95 | |
| Shares (basic, weighted) | 854M | 807M | 778M | 758M | 745M | 746M | 737M | 728M | 718M | 713M | |
| Shares (diluted, weighted) | 861M | 816M | 786M | 765M | 750M | 752M | 741M | 732M | 722M | 716M | |
| Depreciation & amortization | $1.52B | $1.36B | $1.48B | $1.62B | $1.75B | $1.87B | $1.87B | $1.98B | $2.1B | $2.2B | |
| EBITDA | $9.27B | $10.9B | $10.3B | $10.8B | $9.11B | $12.2B | $10.9B | $13.9B | $13.9B | $14.7B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01