Stocks Consumer discretionary MCD
NYSE · Consumer discretionaryMcDonalds Corp (MCD)
McDonalds Corp brought in $27.7B of revenue over the twelve months to June 30, 2026, up 6.3% from a year earlier. Net income was $8.8B, a net margin of 31.7%. Operating cash flow minus capital spending left $7.2B of free cash flow in fiscal 2025. At June 30, 2026 it held $822M in cash against $39.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 7, 2026.
Key facts about McDonalds Corp
- Net worth
- McDonalds Corp has a market value (market cap) of $166.8B at the latest share price, and shareholders' equity of -$1B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $26.9B (+3.7% year on year), with net income of $8.6B. Over the 12 months to June 30, 2026: revenue $27.7B, net income $8.8B.
- Cash flow
- In fiscal 2025 operations brought in $10.6B of cash; after $3.4B of capital spending, free cash flow was $7.2B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 7, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- McDonalds Corp's next report is expected around November 4, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- McDonalds Corp declared dividends of $7.17 per share in fiscal 2025, a yield of 3.04% at the current price.
What McDonalds Corp does
McDonald's operates and franchises fast-food restaurants globally. It sells burgers, french fries, chicken sandwiches, breakfast items, and soft drinks directly to retail consumers. The company generates revenue through company-owned restaurant sales and franchise fees, rent, and royalties paid by independent franchisees. Its shares trade on NYSE under the ticker MCD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $26.9B | $8.6B | $11.95 | $7.2B |
| 2024 | $25.9B | $8.2B | $11.39 | $6.7B |
| 2023 | $25.5B | $8.5B | $11.56 | $7.3B |
| 2022 | $23.2B | $6.2B | $8.33 | $5.5B |
| 2021 | $23.2B | $7.5B | $10.04 | $7.1B |
| 2020 | $19.2B | $4.7B | $6.31 | $4.6B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MCD ranks in Consumer discretionary
Dividends
McDonalds Corp declared $7.17 per share in fiscal 2025. At the current price that is a yield of 3.04%. It paid out $5.1B in cash dividends, 60% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $7.17 | $5.1B | 60% |
| 2024 | $6.78 | $4.9B | 59% |
| 2023 | $6.23 | $4.5B | 54% |
| 2022 | $5.66 | $4.2B | 67% |
| 2021 | $5.25 | $3.9B | 52% |
| 2020 | $5.04 | $3.8B | 79% |
Latest SEC filings
What McDonalds Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 23, 2026
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 3.7% to $7.1B versus the same quarter last year; diluted EPS $3.32 versus $3.14.
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- August 4, 2026
- August 4, 2026
- July 22, 2026Passive stake changed SCHEDULE 13G/A
- June 18, 2026
- May 28, 2026
- May 22, 2026
- May 13, 2026Passive stake (5% or more) SCHEDULE 13G
What is MCD worth? A DCF from its reported cash flow
Insider trades
What the people running McDonalds Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 3 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 7, 2026 | Elting Lauren BVP - CAO and Corp Controller | Exercised options | 990 | - |
| August 7, 2026 | Elting Lauren BVP - CAO and Corp Controller | Exercised options | 48 | - |
| August 7, 2026 | Elting Lauren BVP - CAO and Corp Controller | Shares withheld for tax | 304 | $83.4K |
| June 10, 2026 | Erlinger Joseph M.President, McDonald's USA | Exercised options | 5,252 | $828.7K |
| June 10, 2026 | Erlinger Joseph M.President, McDonald's USA | Soldpre-planned (10b5-1) | 5,252 | $1.5M |
| May 28, 2026 | Ralls-Morrison DesireeEVP, Chief Legal Officer | Soldpre-planned (10b5-1) | 2,763 | $769.1K |
| May 26, 2026 | Erlinger Joseph M.President, McDonald's USA | Soldpre-planned (10b5-1) | 333 | $93.3K |
| April 23, 2026 | Erlinger Joseph M.President, McDonald's USA | Soldpre-planned (10b5-1) | 333 | $100.8K |
Who owns MCD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.52% | April 30, 2026 |
Largest institutional holders
Insiders
12 insiders reported holding 124,969 shares in total, about $29.4M at the last price.
| Holder | Shares |
|---|---|
| Kempczinski Christopher JChairman and CEO, Director | 34,446 |
| Borden Ian FrederickEVP - CFO | 30,364 |
| Rice Brian SEVP-Global Chief Info. Officer | 10,7718,789 held indirectly |
| Boyd Tiffanie L.EVP - Chief People Officer | 8,934 |
| McDonald GillianEVP, Global Rest. Exp. Ofc. | 7,775 |
| Erlinger Joseph M.President, McDonald's USA | 7,734 |
| Flatley Edith MorganEVP - Global CMO | 7,396 |
| Steijaert Manuel JMEVP - President, IOM | 6,476 |
| Ralls-Morrison DesireeEVP, Chief Legal Officer | 6,268 |
| Banner JonathanEVP - Chief Impact Officer | 2,291 |
Questions about MCD
What does McDonalds Corp do?
McDonald's operates and franchises fast-food restaurants globally. It sells burgers, french fries, chicken sandwiches, breakfast items, and soft drinks directly to retail consumers. The company generates revenue through company-owned restaurant sales and franchise fees, rent, and royalties paid by independent franchisees. Its shares trade on NYSE under the ticker MCD.
What is McDonalds Corp's net worth?
McDonalds Corp has a market value (market cap) of $166.8B at the latest share price, and shareholders' equity of -$1B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is McDonalds Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $8.8B on revenue of $27.7B, a net margin of 31.7%.
How much revenue does McDonalds Corp make?
Over the twelve months to June 30, 2026 McDonalds Corp reported revenue of $27.7B. That is 6.3% more than a year earlier.
When did McDonalds Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 7, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 2, 2026.
When is McDonalds Corp's next earnings report?
McDonalds Corp's next report is expected around November 4, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does McDonalds Corp pay a dividend?
Yes. McDonalds Corp declared dividends of $7.17 per share in fiscal 2025, a yield of 3.04% at the current price.
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Where the numbers come from
Financial figures are the values McDonalds Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.