McDonald'sMCDEarnings & Financial Report
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
MCD Q3 2025 Key Financial Metrics
Revenue
$7.1B
Gross Profit
$6.4B
Operating Profit
$3.4B
Net Profit
$2.3B
Gross Margin
90.6%
Operating Margin
47.4%
Net Margin
32.2%
YoY Growth
3.0%
EPS
$3.18
Financial Flow
McDonald's Q3 2025 Financial Summary
McDonald's reported revenue of $7.1B for Q3 2025, with a net profit of $2.3B (32.2% margin). Cost of goods sold was $666.0M, operating expenses totaled $3.1B.
Key Financial Metrics
| Total Revenue | $7.1B |
|---|---|
| Net Profit | $2.3B |
| Gross Margin | 90.6% |
| Operating Margin | 47.4% |
| Report Period | Q3 2025 |
McDonald's Annual Revenue by Year
McDonald's annual revenue history includes year-by-year totals (for example, 2024 revenue was $25.9B).
| Year | Annual Revenue |
|---|---|
| 2024 | $25.9B |
| 2023 | $25.5B |
| 2022 | $23.2B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.41B | $6.17B | $6.49B | $6.87B | $6.39B | $5.96B | $6.84B | $7.08B |
| YoY Growth | 8.1% | 4.6% | -0.1% | 2.7% | -0.3% | -3.5% | 5.4% | 3.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $56.15B | $53.51B | $53.80B | $56.17B | $55.18B | $56.33B | $59.55B | $60.61B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $-4.71B | $-4.83B | $-4.82B | $-5.18B | $-3.80B | $-3.45B | $-2.76B | $-2.16B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.49B | $2.39B | $1.69B | $2.74B | $2.63B | $2.43B | $2.00B | $3.43B |
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