McDonald's Corp (MCD) financials
McDonald's revenue and earnings by year
McDonald's's revenue was $26.9 billion in the fiscal year to December 31, 2025, up 3.7% from the year before. Net income was $8.56 billion, 31.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 1.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.9 | 25.9 | 25.5 | 23.2 | 23.2 | 19.2 | 21.4 | 21.3 | 22.8 | 24.6 |
| Revenue growth | 3.7% | 1.7% | 10.0% | -0.2% | 20.9% | -10.1% | 0.5% | -6.8% | -7.3% | — |
| Gross profit | 16.0 | 15.0 | 14.8 | 13.5 | 12.8 | 10.0 | 11.4 | 11.0 | 10.6 | 10.2 |
| Gross margin | 59.5% | 58.1% | 58.0% | 58.0% | 55.3% | 52.2% | 53.4% | 51.8% | 46.5% | 41.4% |
| Operating income | 12.4 | 11.7 | 11.6 | 9.4 | 10.4 | 7.3 | 9.1 | 8.8 | 9.6 | 7.7 |
| Operating margin | 46.1% | 45.2% | 45.7% | 40.4% | 44.6% | 38.1% | 42.5% | 41.5% | 41.9% | 31.5% |
| Net income | 8.6 | 8.2 | 8.5 | 6.2 | 7.5 | 4.7 | 6.0 | 5.9 | 5.2 | 4.7 |
| Net margin | 31.9% | 31.7% | 33.2% | 26.6% | 32.5% | 24.6% | 28.2% | 27.9% | 22.8% | 19.0% |
| Diluted EPS | $11.95 | $11.39 | $11.56 | $8.33 | $10.04 | $6.31 | $7.88 | $7.54 | $6.36 | $5.44 |
| Free cash flow | 7.3 | 6.8 | 7.4 | 5.5 | 7.2 | 4.7 | 5.9 | 4.4 | 3.9 | 4.3 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MCD in Markets.
See also: MCD valuation and P/E history · MCD returns
No forecast, no recommendation. This page describes McDonald's Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.