McDonald's Corp. (MCD)

Name: McDonald's Corp. (MCD): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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McDonald's Corp. (MCD) reported revenue of $7.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 3.7% on the same quarter a year earlier. Net income was $2.4 billion, up 4.8% on the year, and diluted earnings per share $3.32. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$7.1 billionup 3.7%

Net income$2.4 billionup 4.8%

Diluted EPS$3.32

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROEn/a

ROCEn/a

Operating margin46.2%

Net margin31.7%

FCF margin28.0%

Interest cover7.88

Debt to equityn/a

Cash conversion1.29

Share count, 1 year-0.8%

Sales CAGR, 3 years5.1%

Profit CAGR, 3 years11.5%

EPS, TTM$12.31

At the close of 21 September 2026

Price$247.88

Market cap$175.4 billion

Stock P/E20.14

Price to bookn/a

EV / EBITDA16.16

Dividend yield2.9%

Market cap / sales6.33

52-week high$341.06

52-week low$247.88

Price, 1 year-18.0%

Price CAGR, 3 years-3.1%

Price CAGR, 5 years0.4%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as McDonald's Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MCD

Filings	17 in twelve months: 8 current reports (8-K), about 4 results of operations; 3 officer or director change; 1 regulation fd disclosure; 1 shareholder vote
Planned insider sales	16 Form 144 notices in twelve months, $34.8 million; latest 10 June 2026
Options tape	put/call 0.75 by open interest on 23 September 2026; the straddle prices a 2.6% move to 25 September 2026
Holders	14 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading	22 sales and 0 purchases on Form 4 in twelve months
Congress	3 House trades disclosed in six months
Short interest	12.3 million shares short, 2.86 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	6,692	6,406	6,169	6,490	6,873	6,388	5,956	6,843	7,078	7,008	6,517	7,099
Cost of revenue	625	n/a	627	629	646	n/a	620	654	666	n/a	676	680
Gross profit	6,067	n/a	5,542	5,861	6,227	n/a	5,336	6,189	6,412	n/a	5,841	6,419
Gross margin	91%	n/a	90%	90%	91%	n/a	90%	90%	91%	n/a	90%	90%
SG&A	n/a	n/a	720	691	647	800	682	700	785	872	759	817
Operating income	3,208	2,802	2,736	2,920	3,188	2,868	2,648	3,232	3,357	3,156	2,953	3,338
Operating margin	48%	44%	44%	45%	46%	45%	44%	47%	47%	45%	45%	47%
Interest expense	341	360	372	373	381	380	376	390	406	410	400	409
Net income	2,317	2,039	1,929	2,022	2,255	2,017	1,868	2,253	2,278	2,164	1,983	2,362
Net margin	35%	32%	31%	31%	33%	32%	31%	33%	32%	31%	30%	33%
Diluted EPS	$3.17	$2.79	$2.66	$2.80	$3.13	$2.80	$2.60	$3.14	$3.18	$3.03	$2.78	$3.32
Operating cash flow	3,029	2,489	2,390	1,689	2,736	2,632	2,428	1,998	3,428	2,697	2,412	2,807
Capital expenditure	570	757	547	628	794	806	551	744	1,011	1,059	682	831
Free cash flow	2,459	1,732	1,843	1,061	1,942	1,826	1,877	1,254	2,417	1,638	1,730	1,976
Buybacks	1,054	852	918	934	469	503	477	505	501	573	396	856
Dividends paid	1,105	1,208	1,206	1,199	1,197	1,268	1,266	1,265	1,262	1,322	1,323	1,317
Shares outstanding	725m	722m	721m	717m	717m	714m	715m	714m	712m	710m	711m	708m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015	FY2016	FY2017	FY2018 †	FY2019 †	FY2020	FY2021	FY2022	FY2023 †	FY2024	FY2025	TTM
Revenue	27,441	25,413	24,622	22,820	21,258	21,364	19,208	23,223	23,183	25,494	25,920	26,885	27,702
Selling, general and administrative	2,488	2,434	2,384	2,231	2,200	2,229	n/a	n/a	2,863	2,817	2,858	3,039	3,233
Operating income	7,949	7,146	7,744	9,553	8,823	9,070	7,324	10,356	9,371	11,647	11,712	12,393	12,804
Operating margin	29.0%	28.1%	31.5%	41.9%	41.5%	42.5%	38.1%	44.6%	40.4%	45.7%	45.2%	46.1%	46.2%
Interest expense	576	638	885	921	981	1,122	1,218	1,186	1,207	1,361	1,506	1,582	1,625
Income tax	2,614	2,026	2,180	3,381	1,892	1,993	1,410	1,583	1,648	2,053	2,121	2,334	2,398
Net income	4,758	4,529	4,686	5,192	5,924	6,025	4,730	7,545	6,177	8,469	8,223	8,563	8,787
Net margin	17.3%	17.8%	19.0%	22.8%	27.9%	28.2%	24.6%	32.5%	26.6%	33.2%	31.7%	31.9%	31.7%
Diluted EPS	$4.82	$4.80	$5.44	$6.37	$7.54	$7.88	$6.31	$10.04	$8.33	$11.56	$11.39	$11.95	$12.31
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014 †	FY2015	FY2016	FY2017	FY2018 †	FY2019 †	FY2020	FY2021	FY2022	FY2023 †	FY2024	FY2025	TTM
Operating cash flow	6,730	6,539	6,060	5,551	6,967	8,122	6,265	9,142	7,387	9,612	9,447	10,551	11,344
Capital expenditure	2,583	1,814	1,821	1,854	2,742	2,394	1,641	2,040	1,899	2,357	2,775	3,365	3,583
Free cash flow	4,147	4,725	4,238	3,698	4,225	5,728	4,624	7,102	5,488	7,254	6,672	7,186	7,761
Free cash flow margin	15.1%	18.6%	17.2%	16.2%	19.9%	26.8%	24.1%	30.6%	23.7%	28.5%	25.7%	26.7%	28.0%
Depreciation and amortisation	1,644	1,556	1,516	1,363	215	262	301	330	370	382	447	457	466
Share-based compensation	113	110	131	118	125	110	92.4	139	167	175	172	165	175
Buybacks	3,199	6,099	11,171	4,686	5,208	4,976	908	846	3,896	3,054	2,824	2,056	2,326
Dividends paid	3,216	3,230	3,058	3,089	3,256	3,582	3,753	3,919	4,168	4,533	4,870	5,115	5,224
Dividend per share	$3.28	$3.44	$3.61	$3.83	$4.19	$4.73	$5.04	$5.25	$5.66	$6.23	$6.78	$7.17	n/a
Diluted shares, weighted	986m	945m	861m	816m	786m	765m	750m	752m	741m	0m	0m	0m	n/a
Shares outstanding at period end	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	708m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014 †	FY2015	FY2016	FY2017	FY2018 †	FY2019 †	FY2020	FY2021	FY2022	FY2023 †	FY2024	FY2025	TTM
Total assets	34,281	37,939	31,024	33,804	32,811	47,511	52,627	53,854	50,436	56,147	55,182	59,515	59,920
Cash and equivalents	2,078	7,686	1,223	2,464	866	898	3,449	4,709	2,584	4,579	1,085	774	822
Inventory	110	100	58.9	58.8	51.1	50.2	51.1	55.6	52.0	53.0	56.0	61.0	58.0
Goodwill	2,735	2,516	2,336	2,380	2,332	2,677	2,773	2,782	2,900	3,040	3,145	3,354	3,347
Long-term debt	14,936	24,122	25,956	29,536	31,075	34,177	37,440	35,623	35,904	39,345	38,424	39,973	39,863
Borrowings, as the company tags them	15,000	24,100	26,000	29,500	31,100	n/a	n/a	35,762	36,142	39,567	38,616	40,145	39,900
Operating lease liabilities	n/a	n/a	n/a	n/a	0.0	12,758	13,321	13,021	12,134	13,058	12,888	14,147	14,039
Finance lease liabilities	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1,770	2,329	n/a
Shareholders' equity	12,853	7,088	-2,204	-3,268	-6,258	-8,210	-7,825	-4,601	-6,003	-4,707	-3,797	-1,791	-1,023
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	0.6%	7.0%	5.1%	6.3%
Profit growth, compounded	6.6%	12.6%	11.5%	4.7%
Return on equity, average	n/a	n/a	n/a	n/a

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Retail-Eating Places

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
McDonald's Corp. MCD	$175.4 billion	20.14	n/a	46.2%	6.3%	n/a	2.9%
Chipotle Mexican Grill Inc. CMG	$41.9 billion	30.40	64.5%	14.7%	7.3%	0.00	n/a
YUM Brands Inc. YUM	$38.0 billion	17.53	n/a	31.0%	10.3%	n/a	2.0%
Darden Restaurants Inc. DRI	$24.1 billion	20.36	54.7%	12.0%	9.4%	0.74	2.8%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	7 August 2026	EDGAR
10-Q	31 March 2026	7 May 2026	EDGAR
10-K	31 December 2025	24 February 2026	EDGAR
10-Q	30 September 2025	5 November 2025	EDGAR
10-Q	30 June 2025	6 August 2025	EDGAR
10-Q	31 March 2025	12 May 2025	EDGAR
10-K	31 December 2024	25 February 2025	EDGAR
10-Q	30 September 2024	7 November 2024	EDGAR
10-Q	30 June 2024	8 August 2024	EDGAR
10-Q	31 March 2024	8 May 2024	EDGAR

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