McDonald's Corporation (MCD) Revenue by Segment

McDonald's revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), McDonald's's largest business segment was International Operated Markets, with $3.60 billion or 51% of revenue, up 4.1% from a year earlier. Next: U.S. Market (40%) and International Developmental Licensed Markets and Corporate (9%).

The fastest-growing business segment from a year earlier was International Developmental Licensed Markets and Corporate (+11.5%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

McDonald's Corporation

MCDConsumer-Oriented Services

United States

Consumer-Oriented Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

International Operated MarketsU.S. MarketUnited StatesInternational Developmental Licensed Markets and CorporateHigh-Growth MarketsFoundational Markets and Corporate

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
International Operated Markets	USD 3.60B	50.8%	+4.1%
U.S. Market	USD 2.83B	39.8%	+1.7%
International Developmental Licensed Markets and Corporate	USD 669.00M	9.4%	+11.5%

Sum of items USD 7.10B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
International Operated Markets	3.6B	3.3B	3.6B	3.7B	3.5B	2.9B	3.2B	3.3B	3.1B	3.0B	3.1B	3.3B	3.2B	2.8B	2.8B	2.8B	2.7B	2.9B	3.2B	3.4B	3.1B	2.6B	–	2.8B	1.6B	2.4B	–	3.0B	2.9B	2.7B	1.9B	3.0B	2.9B	2.8B	–	2.0B
U.S. Market	2.8B	2.6B	2.8B	2.8B	2.8B	2.5B	2.6B	2.7B	2.7B	2.6B	2.7B	2.7B	2.7B	2.5B	2.5B	2.5B	2.4B	2.2B	2.3B	2.3B	2.3B	2.1B	–	–	–	–	–	–	–	–	–	–	–	–	–	–
United States	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.1B	1.8B	1.9B	–	2.0B	2.0B	1.9B	1.9B	1.9B	2.0B	1.9B	–	2.0B
International Developmental Licensed Markets and Corporate	669.0M	610.0M	633.0M	648.0M	600.0M	546.0M	570.0M	825.0M	645.0M	621.0M	599.5M	688.0M	641.0M	615.0M	570.5M	597.7M	560.9M	567.9M	546.9M	567.9M	530.4M	492.9M	–	478.0M	390.4M	439.1M	–	487.6M	461.5M	453.8M	–	477.2M	456.3M	461.7M	–	–
High-Growth Markets	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	962.3M	–	–	–	–	1.3B
Foundational Markets and Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	442.1M	–	–	–	–	438.7M

McDonald's revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
International Operated Markets	$3.6B	$3.3B	$3.7B	$3.5B	51%
U.S. Market	$2.8B	$2.6B	$2.8B	$2.8B	40%
International Developmental Licensed Markets and Corporate	$669.0M	$610.0M	$648.0M	$600.0M	9%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are McDonald's's business segments?

International Operated Markets, U.S. Market and International Developmental Licensed Markets and Corporate (as reported for Q2 fiscal 2026).

Which business segment makes the most money for McDonald's?

International Operated Markets: $3.60 billion, or 51% of revenue, in Q2 fiscal 2026.

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.