← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Revenue rose 3.7% to $26.89B and net income 4.1% to $8.56B, on comparable sales up 3.1% across a 95% franchised system.
The read at a glance✓ Audited against SEC data
- Growth — Revenue +3.7% to $26.89B; global comparable sales +3.1%OK
- Profitability — Operating margin 46.1%, up 91 bpsOK
- Cash — Free cash flow $7.19B, +7.7%OK
- Balance sheet — Total equity ($1.79B), negative; long-term debt $39.97BWatch
- Accounting — Safe-zone Altman-Z; no manipulation flag; earnings quality safeOK
- Capital — $7.1bn returned: dividends $5.12B and buybacks $2.06BNote
Business
McDonald's serves food and beverages in more than 100 countries through 45,356 restaurants, about 95% of them franchised. It reports three segments: the U.S., International Operated Markets, and International Developmental Licensed Markets & Corporate, which covers over 75 countries.
Where the revenue comes from
Fiscal 2025, as MCDONALDS CORP reports it. History and quarterly detail are in the app.
- International Operated Markets$13.6B
- U.S.$10.8B
- International Developmental Licensed Markets & Corporate$2.4B
Leadership changes
From MCDONALDS CORP's own filings, the day they're filed.
- Joseph M. Erlinger · President · departureeff. 2026-08-04
- James D. Farley Jr · appointmenteff. 2026-02-04
- Catherine A. Hoovel · President · departureeff. 2024-10-01
Latest filings
- 8-K · Company announcement2026-09-23
- 10-Q · Quarterly report2026-08-07
- 8-K · Company announcement2026-08-04
- 8-K · Company announcement2026-08-04
- 8-K · Company announcement2026-05-22
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about MCDONALDS CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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