McDonald's Income Statement
MCD / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
McDonald's reported $26.9B in revenue and $8.6B in net income for FY2025. Revenue has grown at a 1.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.08 (distress zone, below 1.8 threshold)
- Strong profit margin: 32.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.9B | $25.9B | $25.5B | $23.2B | $21.4B | $21.3B | $22.8B | $24.6B | $25.4B | $27.4B | $28.1B | $27.4B | $27.0B | $24.1B | $22.7B |
| SG&A Expense | $3.0B | $2.9B | $2.8B | $2.9B | - | - | $2.2B | $2.4B | $2.4B | $2.5B | $2.4B | $2.5B | $2.4B | $2.3B | $2.2B |
| Operating Income | $12.4B | $11.7B | $11.6B | $9.4B | $9.1B | $8.8B | $9.6B | $7.7B | $7.1B | $7.9B | $8.8B | $7.9B | $8.5B | $7.5B | $6.8B |
| Interest Expense | $1.6B | $1.5B | $1.4B | $1.2B | $1.1B | $981.2M | $921.3M | $884.8M | $638.3M | $576.4M | $527.8M | $576.4M | $492.8M | $450.9M | $473.2M |
| Income Tax | $2.3B | $2.1B | $2.1B | $1.6B | $2.0B | $1.9B | $3.4B | $2.2B | $2.0B | $2.6B | $2.6B | $2.6B | $2.5B | $2.1B | $1.9B |
| Net Income | $8.6B | $8.2B | $8.5B | $6.2B | $6.0B | $5.9B | $5.2B | $4.7B | $4.5B | $4.8B | $5.6B | $4.8B | $5.5B | $4.9B | $4.6B |
| EPS (Basic) | $12.00 | $11.45 | $11.63 | $8.39 | $7.95 | $7.61 | $6.43 | $5.49 | $4.82 | $4.85 | $5.59 | $4.85 | $5.33 | $4.64 | $4.17 |
| EPS (Diluted) | $11.95 | $11.39 | $11.56 | $8.33 | $7.88 | $7.54 | $6.37 | $5.44 | $4.80 | $4.82 | $5.55 | $4.82 | $5.27 | $4.58 | $4.11 |
| Shares Outstanding | 716 | 722 | 732 | 741 | 764.9M | 785.6M | 815.5M | 861.2M | 944.6M | 986.3M | 1.0B | 986.3M | 1.0B | 1.1B | 1.1B |
| Operating Margin | 46.1% | 45.2% | 45.7% | 40.4% | 42.4% | 41.5% | 41.9% | 31.4% | 28.1% | 29.0% | 31.2% | 29.0% | 31.6% | 31.0% | 30.1% |
| Profit Margin | 31.9% | 31.7% | 33.2% | 26.6% | 28.2% | 27.9% | 22.8% | 19.0% | 17.8% | 17.3% | 19.9% | 17.3% | 20.4% | 20.5% | 20.0% |