McDonald's Corporation (MCD) Financial Statements
McDonald's financial statements at a glance
McDonald's reported revenue of $25.92 billion for fiscal year 2024 (ended December 31, 2024), up 1.7% from fiscal year 2023. Net income was $8.22 billion, a net margin of 31.7%, and diluted earnings per share were $11.39.
At the end of fiscal year 2024 it had total assets of $55.18 billion, total liabilities of $58.98 billion and shareholders' equity of -$3.80 billion, with cash and short-term investments of $1.09 billion and total debt of $51.95 billion.
Its operations brought in $9.45 billion of cash; capital spending was $2.78 billion, leaving free cash flow of $6.67 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2024.
McDonald's Corporation
Income Statement
Annual • USD
McDonald's key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | – | $25.9B | $25.5B | $23.2B | $23.2B |
| Gross profit | – | $14.7B | $14.6B | $13.2B | $12.6B |
| Operating income | – | $11.9B | $11.7B | $10.3B | $9.9B |
| Net income | – | $8.2B | $8.5B | $6.2B | $7.5B |
| Diluted EPS | $11.95 | $11.39 | $11.56 | $8.33 | $10.04 |
| Total assets | – | $55.2B | $56.1B | $50.4B | $53.9B |
| Total liabilities | – | $59.0B | $60.9B | $56.4B | $58.5B |
| Shareholders' equity | – | -$3.8B | -$4.7B | -$6.0B | -$4.6B |
| Cash and short-term investments | – | $1.1B | $4.6B | $2.6B | $4.7B |
| Total debt | – | $51.9B | $53.1B | $48.7B | $49.3B |
| Operating cash flow | – | $9.4B | $9.6B | $7.4B | $9.1B |
| Capital spending | – | $2.8B | $2.4B | $1.9B | $2.0B |
| Free cash flow | – | $6.7B | $7.3B | $5.5B | $7.1B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was McDonald's's revenue in fiscal year 2024?
$25.92 billion, up 1.7% from $25.50 billion in fiscal year 2023.
How much profit does McDonald's make?
McDonald's reported net income of $8.22 billion for fiscal year 2024 (31.7% of revenue); operating income was $11.85 billion.
How much cash and debt does McDonald's have?
At the end of fiscal year 2024: cash and short-term investments of $1.09 billion and total debt of $51.95 billion.
What is McDonald's's free cash flow?
$6.67 billion in fiscal year 2024 (operating cash flow of $9.45 billion minus capital spending of $2.78 billion).
