Financials in USD. Standardized financial statements.
A compact view of how McDonald's Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $26.89B | $25.92B | $25.50B | $23.18B | $23.22B | $19.21B | $21.36B | $21.26B | $22.82B | $24.62B |
| Revenue Growth? | +3.7% | +1.7% | +10.0% | -0.2% | +20.9% | -10.1% | +0.5% | -6.8% | -7.3% | 0.0% |
| Cost of Revenue? | $11.45B | $11.21B | $10.93B | $9.97B | $10.64B | $9.46B | $10.19B | $10.43B | $12.20B | $14.42B |
| Gross Profit? | $15.44B | $14.71B | $14.56B | $13.21B | $12.58B | $9.75B | $11.18B | $10.83B | $10.62B | $10.20B |
| Gross Margin? | +57.4% | +56.8% | +57.1% | +57.0% | +54.2% | +50.8% | +52.3% | +51.0% | +46.5% | +41.4% |
| Operating Expenses? | $3.04B | $3.00B | $2.92B | $3.84B | $2.22B | $2.43B | $2.11B | $2.01B | $1.07B | $2.46B |
| Operating Income? | $12.39B | $11.71B | $11.65B | $9.37B | $10.36B | $7.32B | $9.07B | $8.82B | $9.55B | $7.74B |
| EBITDA? | $14.64B | $13.95B | $13.86B | $10.90B | $12.18B | $9.11B | $10.76B | $10.28B | $10.86B | $9.27B |
| Income Before Tax | $10.90B | $10.35B | $10.52B | $7.83B | $9.13B | $6.14B | $8.02B | $7.82B | $8.57B | $6.87B |
| Income Tax Expense | $2.33B | $2.12B | $2.05B | $1.65B | $1.58B | $1.41B | $1.99B | $1.89B | $3.38B | $2.18B |
| Net Income? | $8.56B | $8.22B | $8.47B | $6.18B | $7.55B | $4.73B | $6.03B | $5.92B | $5.19B | $4.69B |
| 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 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality