McDonald's Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.89B | $25.92B | $25.47B | $23.11B | $23.22B | $19.22B | $21.05B | $21.04B |
| Company_Operated | $9.69B | $9.78B | $9.75B | $8.75B | $8.38B | $8.27B | $9.28B | $10.32B |
| Franchised | $16.55B | $15.72B | $15.72B | $14.36B | $14.84B | $10.95B | $11.78B | $10.72B |
| Other Revenues | $647.0M | $423.0M | — | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.04B | $2.86B | $2.82B | $2.86B | — | — | $2.23B | $2.20B |
| Operating Income | $12.39B | $11.71B | $11.65B | $9.37B | $10.36B | $7.32B | $9.07B | $8.82B |
| Operating Margin | 46.1% | 45.2% | 45.7% | 40.5% | 44.6% | 38.1% | 43.1% | 41.9% |
| Interest Expense | $1.58B | $1.51B | $1.36B | $1.21B | $1.19B | $1.22B | $1.12B | $981.2M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $2.33B | $2.12B | $2.05B | $1.65B | $1.58B | $1.41B | $1.99B | $1.89B |
| Net Income | $8.56B | $8.22B | $8.47B | $6.18B | $7.55B | $4.73B | $6.03B | $5.92B |
| Net Margin | 31.9% | 31.7% | 33.2% | 26.7% | 32.5% | 24.6% | 28.6% | 28.2% |
| EPS (Basic) | $12.00 | $11.45 | $11.63 | $8.39 | $10.11 | $6.35 | $7.95 | $7.61 |
| EPS (Diluted) | $11.95 | $11.39 | $11.56 | $8.33 | $10.04 | $6.31 | $7.88 | $7.54 |
| Shares Outstanding (Basic) | 713 | 718 | 728 | 736.5M | 746.3M | 744.6M | 758.1M | 778.2M |
| Shares Outstanding (Diluted) | 716 | 722 | 732 | 741.3M | 751.8M | 750.1M | 764.9M | 785.6M |
| Dividends Per Share | $7.17 | $6.78 | $6.23 | $5.66 | $5.25 | $5.04 | $4.73 | $4.19 |