McDONALD’S CORPORATION (MCD) FY2026 Q1 P&L / Income Statement

Revenue by Business Segment

2026-01-01 to 2026-03-31

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McDONALD’S CORPORATION (MCD) FY2026 Q1 P&L / Income StatementIncome statement for 2026-01-01 through 2026-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEGROSSOPERATINGPRE-TAXNETInternational Operated MarketsU.S. MarketInternational Developmental Licensed Markets and CorporateTotal revenuesRevenue before reconciliation (calculated)Components above reported revenue (calculated)Gross profit (calculated)Franchised restaurants-occupancy expensesOperating incomeOperating expenses (calculated)Company-operated restaurant expensesDepreciation and AmortizationOther Selling, General and Administrative ExpenseOther Restaurant ExpensesOther operating (income) expense, netIncome before provision for income taxesOther income (expense), net (calculated)Net incomeProvision for income taxesRevenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$6.52 BIncome before provision for income taxesIncome beforeprovision forincome taxes$2.54 BGross profit (calculated)Gross profit(calculated)$5.84 BTotal revenuesTotal revenues$6.52 BOperating incomeOperating income$2.95 BNet incomeNet income$1.98 BInternational Operated MarketsInternationalOperated Markets$3.33 BOperating expenses (calculated)Operating expenses(calculated)$2.89 BProvision for income taxesProvision forincome taxes$559.00 MU.S. MarketU.S.$2.58 BOther income (expense), net (calculated)Other income,net (calculated)−$411.00 MCompany-operated restaurant expensesCompany-operatedrestaurant expenses$2.03 BFranchised restaurants-occupancy expensesFranchisedrestaurants-occupancyexpenses$676.00 MInternational Developmental Licensed Markets and CorporateInternationalDevelopmentalLicensed Markets and…$610.00 MDepreciation and AmortizationDepreciation and Amortization$111.00 MOther Selling, General and Administrative ExpenseOther Selling, General andAdministrative Expense$648.00 MComponents above reported revenue (calculated)Components abovereported revenue(calculated)−$1.00 MOther Restaurant ExpensesOther Restaurant Expenses$166.00 MOther operating (income) expense, netOther operating(income) expense, net−$69.00 M
Chart details

McDONALD’S CORPORATION (MCD) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues
6,517,000,000 US dollars
Franchised restaurants-occupancy expenses
676,000,000 US dollars
Gross profit (calculated)
5,841,000,000 US dollars
Operating expenses (calculated)
2,888,000,000 US dollars
Operating income
2,953,000,000 US dollars
Other income (expense), net (calculated)
negative 411,000,000 US dollars
Income before provision for income taxes
2,542,000,000 US dollars
Provision for income taxes
559,000,000 US dollars
Net income
1,983,000,000 US dollars
U.S. Market
2,583,000,000 US dollars
International Operated Markets
3,325,000,000 US dollars
International Developmental Licensed Markets and Corporate
610,000,000 US dollars
Company-operated restaurant expenses
2,032,000,000 US dollars
Other Restaurant Expenses
166,000,000 US dollars
Depreciation and Amortization
111,000,000 US dollars
Other Selling, General and Administrative Expense
648,000,000 US dollars
Other operating (income) expense, net
negative 69,000,000 US dollars
Revenue before reconciliation (calculated)
6,518,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
Components above reported revenue (calculated)
negative 1,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.

Chart connections

  • Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
McDONALD’S CORPORATION (MCD) FY2026 Q1 Revenue by Business Segment Sankey chart
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Gross margin

89.6%

Gross profit / revenue

Operating margin

45.3%

Operating profit / revenue

Cash conversion

121.6%

Operating cash / net income, same period

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