McDonald's financials
$230.94−1.30%
Close Sep 30, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.10B | $6.52B | $7.01B | $7.08B | $6.84B | $5.96B | $6.39B | $6.87B | $6.49B | $6.17B | $6.41B | $6.69B |
| Gross profit | $6.42B | $5.84B | $3.32B | $6.41B | $6.19B | $5.33B | $2.76B | $6.23B | $6.49B | $5.54B | $6.59B | $3.93B |
| Gross margin | 90.4% | 89.6% | 47.4% | 90.6% | 90.4% | 89.6% | 43.2% | 90.6% | 100.0% | 89.8% | 102.8% | 58.8% |
| Operating income | $3.34B | $2.95B | $3.15B | $3.36B | $3.23B | $2.65B | $2.87B | $3.19B | $2.92B | $2.73B | $2.80B | $3.21B |
| Net income | $2.36B | $1.98B | $2.16B | $2.28B | $2.25B | $1.87B | $2.02B | $2.25B | $2.02B | $1.93B | $2.04B | $2.32B |
| Net margin | 33.3% | 30.4% | 30.9% | 32.2% | 32.9% | 31.4% | 31.6% | 32.8% | 31.2% | 31.3% | 31.8% | 34.6% |
| Diluted EPS | $3.32 | $2.78 | $3.03 | $3.18 | $3.14 | $2.60 | $2.80 | $3.13 | $2.80 | $2.66 | $2.80 | $3.17 |
| EBITDA | $3.90B | $3.52B | $3.73B | $3.92B | $3.78B | $3.17B | $3.42B | $3.72B | $3.42B | $3.25B | $2.80B | $3.71B |
| Operating cash flow | $2.81B | $2.41B | $2.70B | $3.43B | $2.00B | $2.43B | $2.63B | $2.74B | $1.69B | $2.39B | $2.49B | $3.03B |
| Free cash flow | $1.90B | $1.65B | $1.52B | $2.31B | $1.20B | $1.80B | $1.75B | $1.51B | $951.0M | $1.79B | $1.59B | $2.37B |
| Diluted shares | 711.1M | 713.5M | 713.9M | 715.9M | 717.6M | 718.2M | 719.7M | 720.0M | 722.0M | 725.9M | 727.8M | 731.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $822.0M | $1.17B | $774.0M | $2.41B | $1.88B | $1.24B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $40.29B | $40.55B | $40.51B | $41.75B | $41.85B | $39.33B |
| Total assets | $59.92B | $60.04B | $59.52B | $60.61B | $59.55B | $56.33B |
| Total liabilities | $60.94B | $61.32B | $61.31B | $62.77B | $62.31B | $59.78B |
| Shareholders' equity | -$1.02B | -$1.29B | -$1.79B | -$2.16B | -$2.76B | -$3.45B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology