McDONALD’S CORPORATION

MCD · CIK 0000063908

19 fiscal years · 69 SEC filings · every number carries its receipt

Revenue (FY)

$26.89B3.7%

FY2025

Net income (FY)

$8.56B4.1%

FY2025

Free cash flow (FY)

$7.19B7.7%

FY2025

Diluted EPS (FY)

$11.954.9%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 1.2× since FY2007 · net margin 10.5% → 31.9%

MarginsNet marginFCF margin

FY2025: net 31.9% · free cash flow 26.7% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $10.55B operating cash − $3.37B capex = $7.19B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 32% (FY2008) → -478% (FY2025) · on assets 14.4%

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022
Revenue	6,517	7,078	6,843	5,956	6,873	6,490	6,169	6,692	6,498	5,898	5,872	5,718
Net income	1,983	2,278	2,253	1,868	2,255	2,022	1,929	2,317	2,310	1,802	1,982	1,188
Diluted EPS	2.78	3.18	3.14	2.60	3.13	2.80	2.66	3.17	3.15	2.45	2.68	1.60
Diluted shares	0	0	0	0	0	0	0	0	0	0	740	742
Operating cash flow	2,412	3,428	1,998	2,428	2,736	1,689	2,390	3,029	1,673	2,420	2,434	618
Capital expenditures	682	1,011	744	551	794	628	547	570	526	503	531	438
Free cash flow	1,730	2,417	1,254	1,877	1,942	1,061	1,843	2,459	1,147	1,917	1,903	180
Cash & equivalents	1,170	2,413	1,876	1,238	1,221	792	838	3,496	1,626	3,708	2,828	1,873
Total assets	60,037	60,608	59,555	56,329	56,172	53,801	53,513	52,089	50,442	52,014	48,502	49,248
Shareholders' equity	(1,286)	(2,163)	(2,760)	(3,454)	(5,177)	(4,824)	(4,833)	(4,855)	(4,999)	(5,776)	(6,566)	(6,370)

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.