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MCD

McDonald's

Consumer DiscretionaryRestaurantsS&P 500
Ticker MCDCHICAGO, ILFiscal year ends DecemberBook value per share $-1.44Diluted shares 712.3M

McDonald’s Corporation (NYSE: MCD) franchises and operates restaurants serving food and beverages to customers in more than 100 countries. Its menu includes hamburgers, chicken sandwiches, Chicken McNuggets, fries, breakfast items, desserts, soft drinks and McCafé beverages, with local variations by market. The… From the company’s description.

In fiscal 2025, McDonald's reported revenue of $26.89B, up 3.7% from fiscal 2024, and net income of $8.56B. Its operating margin was 46.1%, and operations generated $10.55B in cash. Over the twelve months to Jun 30, 2026, revenue was $27.70B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$26.89BFY2025
+3.7% year over year
Last 12 mo $27.70B
46.10%FY2025
+0.9 percentage points
Last 12 mo 46.22%
$8.56BFY2025
+4.1% year over year
Last 12 mo $8.79B
-478.11%FY2025
−261.5 percentage points
Last 12 mo -858.94%
Cash & financing
$10.55BFY2025
+11.7% year over year
Last 12 mo $11.35B
$6.83BFY2025
+13.8% year over year
Last 12 mo $7.38B
-22.32FY2025
Was -10.12× a year earlier
Last 12 mo -38.97
716.4MFY2025
−0.8% year over year
Last 12 mo 712.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What McDonald's does

In the company’s own words

McDonald’s Corporation (NYSE: MCD) franchises and operates restaurants serving food and beverages to customers in more than 100 countries. Its menu includes hamburgers, chicken sandwiches, Chicken McNuggets, fries, breakfast items, desserts, soft drinks and McCafé beverages, with local variations by market. The company earns revenue from sales at company-operated restaurants and fees, including rent and royalties, from franchised locations; about 95% of its 45,356 restaurants were franchised at year-end 2025. Its reportable segments are the United States, International Operated Markets, and International Developmental Licensed Markets & Corporate, which includes operations in more than 75 countries and corporate activities. The company reported $26.9 billion in revenue for fiscal 2025. Major brands and products include Big Mac, Quarter Pounder, McCrispy, McCafé and the Golden Arches. Its website is https://corporate.mcdonalds.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Restaurants
Headquarters
CHICAGO, IL
Fiscal year end
December
CIK
63908
SIC
5812

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.81B$5.62B$14.05B$22.48B$30.92B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns McDonald's — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.0K
funds hold it
1 of 35
superinvestors hold it
$52.13B
held by funds, at market
26.6%
of shares held by funds

Superinvestors in McDonald's · what they did last quarter

Tom RussoUNCHANGED
Gardner Russo & Quinn
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · McDonald's’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.27%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.30%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.30%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.31%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do McDonald's and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of McDonald's's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in McDonald's's last four quarterly filings that the numbers alone won't show?”
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