McDonald's

MCD · NYSE · USD

$232.47+0.27%+$0.64

Close · October 2, 2026

At a glance

Revenue growth: +3.72%; 2025 vs 2024
Net income growth: +4.13%; 2025 vs 2024
Net margin: 31.9%; 2024: 31.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	26,885	25,920	25,494	23,183	23,223	19,208	21,364	21,258	22,820	24,622
Cost of revenue	11,451	11,210	10,931	9,975	10,643	9,456	10,185	10,425	12,200	14,417
Gross profit	15,434	14,710	14,563	13,208	12,580	9,752	11,179	10,833	10,621	10,205
Selling, general and administrative	2,583	2,412	2,435	2,492	2,378	2,245	1,967	1,985	2,231	2,385
Operating income	12,395	11,852	11,746	10,365	10,158	7,474	8,955	8,626	8,392	7,820
EBIT	12,395	11,852	11,746	10,365	10,158	7,474	8,955	8,626	8,392	7,820
EBITDA	14,594	13,949	13,724	12,236	12,026	9,225	10,573	10,108	9,756	9,337
Interest expense	1,582	1,506	1,361	1,207	1,186	1,218	1,122	981	921	885
Pre-tax income	10,897	10,344	10,522	7,825	9,128	6,141	8,018	7,816	8,574	6,866
Income tax	2,334	2,121	2,053	1,648	1,583	1,410	1,993	1,892	3,381	2,180
Net income	8,563	8,223	8,469	6,177	7,545	4,731	6,025	5,924	5,192	4,687
Net income to common shareholders	8,563	8,223	8,469	6,177	7,545	4,731	6,025	5,924	5,192	4,687
Basic EPS	12.00	11.45	11.63	8.39	10.11	6.35	7.95	7.61	6.43	5.49
Diluted EPS	11.95	11.39	11.56	8.33	10.04	6.31	7.88	7.54	6.37	5.44
Average shares (basic)	713	718	728	737	746	745	758	778	807	854
Average shares (diluted)	716	722	732	741	752	750	765	786	816	861
Dividend per share	7.17	6.78	6.23	5.66	5.25	5.04	4.73	4.19	3.83	3.61