$MCD

MCDONALDS CORP

CIK:0000063908|SEC Filings
v3.25.4
Consolidated Statement of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUES      
Revenues from franchised restaurants $ 16,548.0 $ 15,715.0 $ 15,437.0
Sales by Company-owned and operated restaurants 9,690.0 9,782.0 9,742.0
Other revenues 647.0 423.0 316.0
Total revenues 26,885.0 25,920.0 25,494.0
OPERATING COSTS AND EXPENSES      
Franchised restaurants-occupancy expenses 2,618.0 2,536.0 2,475.0
Food & paper 3,006.0 2,995.0 3,039.0
Payroll & employee benefits 2,905.0 2,959.0 2,886.0
Occupancy & other operating expenses 2,358.0 2,381.0 2,299.0
Other restaurant expenses 564.0 339.0 232.0
Depreciation and amortization 457.0 447.0 382.0
Other 2,583.0 2,412.0 2,435.0
Other operating (income) expense, net 2.0 139.0 99.0
Total operating costs and expenses 14,492.0 14,208.0 13,847.0
Operating income 12,393.0 11,712.0 11,647.0
Interest expense-net of capitalized interest of $29, $22 and $14 1,582.0 1,506.0 1,361.0
Nonoperating (income) expense, net (87.0) (139.0) (236.0)
Income before provision for income taxes 10,897.0 10,345.0 10,522.0
Provision for income taxes 2,334.0 2,121.0 2,053.0
Net income $ 8,563.0 $ 8,223.0 $ 8,469.0
Earnings per common share–basic $ 12.00 $ 11.45 $ 11.63
Earnings per common share–diluted 11.95 11.39 11.56
Dividends declared per common share $ 7.17 $ 6.78 $ 6.23
Weighted-average shares outstanding–basic 713.4 718.3 727.9
Weighted-average shares outstanding–diluted 716.4 721.9 732.3