McDonald's Corporation
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.36B | $1.98B | $2.16B | $2.28B | $2.25B | $1.87B | $2.02B | $2.26B |
| Depreciation & Amortization | $111.0M | $111.0M | $123.0M | $121.0M | $106.0M | $107.0M | $136.0M | $111.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $39.0M | $60.0M | $37.0M | $39.0M | $44.0M | $45.0M | $44.0M | $40.0M |
| Net Cash from Operating Activities | $2.81B | $2.41B | $2.70B | $3.43B | $2.00B | $2.43B | $2.63B | $2.74B |
| Investing Activities | ||||||||
| Capital Expenditures | $831.0M | $682.0M | $1.06B | $1.01B | $744.0M | $551.0M | $806.0M | $794.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-868.0M | $-777.0M | $-1.07B | $-1.11B | $-869.0M | $-771.0M | $-741.0M | $-1.27B |
| Financing Activities | ||||||||
| Dividends Paid | $1.32B | $1.32B | $1.32B | $1.26B | $1.27B | $1.27B | $1.27B | $1.20B |
| Stock Repurchases | $856.0M | $396.0M | $573.0M | $501.0M | $505.0M | $477.0M | $503.0M | $469.0M |
| Net Cash from Financing Activities | $-2.39B | $-1.23B | $-3.24B | $-1.79B | $-555.0M | $-1.54B | $-1.88B | $-1.09B |
| Net Change in Cash | $-348.0M | $396.0M | $-1.64B | $537.0M | $638.0M | $153.0M | $-135.0M | $429.0M |
| Free Cash Flow | $1.98B | $1.73B | $1.64B | $2.42B | $1.25B | $1.88B | $1.83B | $1.94B |