Consumer Discretionary · Restaurants
McDonald's: revenue, profit and dividends
In fiscal 2025, McDonald's had revenue of $26.9B, up 0.6% a year on average since 2015, and net income of $8.56B (31.9% of revenue). Its dividend per share has gone up 18 years in a row, to $7.17. It has 21% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +3.7% vs 2024
- Ticker
- MCD · NYSE
- Sector
- Consumer Discretionary
- Sub-industry
- Restaurants
- Headquarters
- Chicago, Illinois
- Founded
- 1940
- In the S&P 500 since
- June 30, 1970
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Mcdonalds Corp · CIK 0000063908
Revenue and net income
Revenue went from $22.8B in 2007 to $26.9B in 2025.
Diluted earnings per share
Diluted EPS went from $1.98 in 2007 to $11.95 in 2025. Ten-year growth: 9.6% a year.
Dividends per share
Raised every year in the data: 18 years in a row, from 2008 to 2025. Ten-year growth: 7.6% a year.
Shares outstanding
21.2% fewer shares in 2025 than in 2015 (902M → 710M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $7.19B in 2025, 26.7% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $26.9B | $8.56B | 31.9% | $11.95 | $7.17 | 710M | $10.6B | $3.37B | $7.19B |
| 2024 | $25.9B | $8.22B | 31.7% | $11.39 | $6.78 | 714M | $9.45B | $2.77B | $6.67B |
| 2023 | $25.5B | $8.47B | 33.2% | $11.56 | $6.23 | 722M | $9.61B | $2.36B | $7.25B |
| 2022 | $23.2B | $6.18B | 26.6% | $8.33 | $5.66 | 731M | $7.39B | $1.9B | $5.49B |
| 2021 | $23.2B | $7.55B | 32.5% | $10.04 | $5.25 | 744M | $9.14B | $2.04B | $7.1B |
| 2020 | $19.2B | $4.73B | 24.6% | $6.31 | $5.04 | 746M | $6.27B | $1.64B | $4.62B |
| 2019 | $21.4B | $6.03B | 28.2% | $7.88 | $4.73 | 745M | $8.12B | $2.39B | $5.73B |
| 2018 | $21.3B | $5.92B | 27.9% | $7.54 | $4.19 | 765M | $6.97B | $2.74B | $4.22B |
| 2017 | $22.8B | $5.19B | 22.8% | $6.37 | $3.83 | 794M | $5.55B | $1.85B | $3.7B |
| 2016 | $24.6B | $4.69B | 19.0% | $5.44 | $3.61 | 819M | $6.06B | $1.82B | $4.24B |
| 2015 | $25.4B | $4.53B | 17.8% | $4.80 | $3.44 | 902M | $6.54B | $1.81B | $4.73B |
| 2014 | $27.4B | $4.76B | 17.3% | $4.82 | $3.28 | 961M | $6.73B | $2.58B | $4.15B |
| 2013 | $28.1B | $5.59B | 19.9% | $5.55 | $3.12 | 990M | $7.12B | $2.82B | $4.3B |
| 2012 | $27.6B | $5.46B | 19.8% | $5.36 | $2.87 | 1.0B | $6.97B | $3.05B | $3.92B |
| 2011 | $27B | $5.5B | 20.4% | $5.27 | $2.53 | 1.02B | $7.15B | $2.73B | $4.42B |
| 2010 | $24.1B | $4.95B | 20.5% | $4.58 | $2.26 | 1.04B | $6.34B | $2.14B | $4.21B |
| 2009 | $22.7B | $4.55B | 20.0% | $4.11 | $2.05 | 1.08B | $5.75B | $1.95B | $3.8B |
| 2008 | $23.5B | $4.31B | 18.3% | $3.76 | $1.62 | — | $5.92B | $2.14B | $3.78B |
| 2007 | $22.8B | $2.4B | 10.5% | $1.98 | $1.50 | — | $4.88B | $1.95B | $2.93B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Share counts are the shares outstanding on the cover of each annual report: the diluted average is not in the data for enough years.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Restaurants companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.