McDonald's income statement

In fiscal 2025, McDonald's reported revenue of $26.89bn, up 3.7% on the year before, operating income of $12.39bn (a 46.1% margin) and net income of $8.56bn, or $11.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

McDonald's: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	22.7	24.1	27.0	27.6	28.1	27.4	25.4	24.6	22.8	21.3	21.4	19.2	23.2	23.2	25.5	25.9	26.9	27.7
Selling, general and administrative	2.2	2.3	2.4	2.5	2.4	2.5	2.4	2.4	2.2	2.2	2.2	—	—	2.9	2.8	2.9	3.0	3.2
Operating income	6.8	7.5	8.5	8.6	8.8	7.9	7.1	7.7	9.6	8.8	9.1	7.3	10.4	9.4	11.6	11.7	12.4	12.8
Interest expense	0.5	0.5	0.5	0.5	0.5	0.6	0.6	0.9	0.9	1.0	1.1	1.2	1.2	1.2	1.4	1.5	1.6	1.6
Income tax	1.9	2.1	2.5	2.6	2.6	2.6	2.0	2.2	3.4	1.9	2.0	1.4	1.6	1.6	2.1	2.1	2.3	2.4
Net income	4.6	4.9	5.5	5.5	5.6	4.8	4.5	4.7	5.2	5.9	6.0	4.7	7.5	6.2	8.5	8.2	8.6	8.8
Diluted EPS	$4.11	$4.58	$5.27	$5.36	$5.55	$4.82	$4.80	$5.44	$6.37	$7.54	$7.88	$6.31	$10.04	$8.33	$11.56	$11.39	$11.95	$12.31
Diluted shares (average)	1,107m	1,080m	1,045m	1,020m	1,006m	986m	945m	861m	816m	786m	765m	750m	752m	741m	732m	722m	716m	714m
EBITDA	8.1	8.7	9.9	10.1	10.3	9.6	8.7	9.3	10.9	9.0	9.3	7.6	10.7	9.7	12.0	12.2	12.9	13.3

US$ millions unless shown otherwise. Fiscal quarters.

McDonald's: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	6,873	6,388	5,956	6,843	7,078	7,009	6,517	7,099
Cost of revenue	646	—	620	654	666	—	676	680
Gross profit	6,227	—	5,336	6,189	6,412	—	5,841	6,419
Selling, general and administrative	647	799	682	700	785	872	759	817
Operating income	3,188	2,868	2,648	3,232	3,357	3,156	2,953	3,338
Interest expense	381	380	376	390	406	410	400	409
Income tax	588	521	461	608	671	594	559	574
Net income	2,255	2,016	1,868	2,253	2,278	2,164	1,983	2,362
Diluted EPS	$3.13	$2.80	$2.60	$3.14	$3.18	$3.03	$2.78	$3.32
EBITDA	3,299	3,004	2,755	3,338	3,478	3,280	3,064	3,449

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from McDonald's's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to McDonald's.