MCD on NYSE

McDonald's

Logo: ProTheGoodGuy, Public domain, via Wikimedia Commons6

American multinational fast-food chain

McDonald's Corporation is an American multinational fast food restaurant chain. Founded in 1940 as a restaurant operated by brothers Richard and Maurice McDonald in San Bernardino, California, the company has grown into one of the world's largest restaurant chains. At the end of 2025, the McDonald's system comprised 45,356 restaurants in more than 100 countries, approximately 95% of which were operated by franchisees.3 Its chief executive is Chris Kempczinski (since 2019).1 It employed about 200,000 people in 2020.1 Its revenue was $25.9 billion in 2024.1 Wikipedia text CC BY-SA 4.0

$245.74 down 0.79 (0.32%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

May 15, 1940Founded1

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  • TickerMCD on NYSE1
  • Industryaccommodation and food service activities, food and tobacco industry, food service, quick service restaurant sector1
  • HeadquartersChicago1
  • Founded inSan Bernardino1
  • Websitewww.mcdonalds.com
  • Legal formDelaware corporation1
  • Slogan“I'm loving it”1
  • Incorporated inDE7
  • Business address110 North Carpenter Street, Chicago, Il 606077
  • Filer categoryLarge accelerated filer7
  • LEIUE2136O97NLB5BYP9H044
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE PRENTICE-HALL CORPORATION SYSTEM, INC., 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 6193214
New-McDonald-HU-lg (43261171540)
Photo: Dirk Tussing from Chicago IL, United States, CC BY-SA 2.0, via Wikimedia Commons9

McDonald's Corporation is an American multinational fast food restaurant chain. Founded in 1940 as a restaurant operated by brothers Richard and Maurice McDonald in San Bernardino, California, the company has grown into one of the world's largest restaurant chains. At the end of 2025, the McDonald's system comprised 45,356 restaurants in more than 100 countries, approximately 95% of which were operated by franchisees.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

46.1%Operating margin10
31.9%Net margin10
3.7%Revenue growth, 202510
$7.2BFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

International Operated Markets brought in 51% of the revenue McDonald's broke down this way in fiscal 2025.

  1. International Operated Markets$13.6B1051%up 8% from 2024
  2. U.S. Market$10.8B1040%up 2% from 2024
  3. International Developmental Licensed Markets and Corporate$2.4B109%down 9% from 2024
Business segments by year
Business segments202320242025
International Operated Markets$12.4B$12.6B$13.6B
U.S. Market$10.6B$10.6B$10.8B
International Developmental Licensed Markets and Corporate$2.5B$2.7B$2.4B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin11¢$3.0B
  • Other costs42¢$11.4B
  • Interest6¢$1.6B
  • Income tax9¢$2.3B
  • Profit32¢$8.6B

Out of $26.9B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending32¢$3.4B
  • Dividends paid48¢$5.1B
  • Share buybacks19¢$2.1B
  • Kept or used elsewhere0¢$15.0M

Out of $10.6B of cash from operations.10

Financial statements

Revenue1112131410$26.9B in 2025+26% since 2019
0$10.0B$20.0B$30.0B2019: $21.4B$21.4B20192020: $19.2B$19.2B2020−10%2021: $23.2B$23.2B2021+21%2022: $23.2B$23.2B2022−0%2023: $25.5B$25.5B2023+10%2024: $25.9B$25.9B2024+2%2025: $26.9B$26.9B2025+4%
Operating income1112131410$12.4B in 2025+37% since 2019
0$5.0B$10.0B$15.0B2019: $9.1B$9.1B20192020: $7.3B$7.3B2020−19%2021: $10.4B$10.4B2021+41%2022: $9.4B$9.4B2022−10%2023: $11.6B$11.6B2023+24%2024: $11.7B$11.7B2024+1%2025: $12.4B$12.4B2025+6%
Net income1112131410$8.6B in 2025+42% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $6.0B$6.0B20192020: $4.7B$4.7B2020−21%2021: $7.5B$7.5B2021+60%2022: $6.2B$6.2B2022−18%2023: $8.5B$8.5B2023+37%2024: $8.2B$8.2B2024−3%2025: $8.6B$8.6B2025+4%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Revenues from franchised restaurants$16.5B$15.7B$15.4B
Sales by Company-owned and operated restaurants$9.7B$9.8B$9.7B
Other revenues$647.0M$423.0M$316.0M
Total revenues$26.9B$25.9B$25.5B
Franchised restaurants-occupancy expenses$2.6B$2.5B$2.5B
Food & paper$3.0B$3.0B$3.0B
Payroll & employee benefits$2.9B$3.0B$2.9B
Occupancy & other operating expenses$2.4B$2.4B$2.3B
Other restaurant expenses$564.0M$339.0M$232.0M
Depreciation and amortization$457.0M$447.0M$382.0M
Other$2.6B$2.4B$2.4B
Other operating (income) expense, net$2.0M$139.0M$99.0M
Total operating costs and expenses$14.5B$14.2B$13.8B
Operating income$12.4B$11.7B$11.6B
Interest expense-net of capitalized interest of $29, $22 and $14$1.6B$1.5B$1.4B
Nonoperating (income) expense, net-$87.0M-$139.0M-$236.0M
Income before provision for income taxes$10.9B$10.3B$10.5B
Provision for income taxes$2.3B$2.1B$2.1B
Net income$8.6B$8.2B$8.5B
Earnings per common sharebasic$12.00$11.45$11.63
Earnings per common sharediluted$11.95$11.39$11.56
Dividends declared per common share$7.17$6.78$6.23
Weighted-average shares outstandingbasic713 shares718 shares728 shares
Weighted-average shares outstandingdiluted716 shares722 shares732 shares
Interest expense, capitalized interest$29.0M$22.0M$14.0M

Compare McDonald's with another company

Corporate structure

McDonald's sits at the top of its group. 26 entities, 20 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of McDonald's

  • State Street Corporation Filed SCHEDULE 13G on McDonald's, latest Aug 7, 2026 (3 filings since Feb 9, 2026)
  • JPMorgan Chase Filed SCHEDULE 13G/A on McDonald's, latest Jul 22, 2026 (4 filings since Apr 29, 2025)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on McDonald's, latest Apr 30, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on McDonald's, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
  • BlackRock Filed SC 13G/A on McDonald's, latest Jan 26, 2024 (3 filings since Feb 1, 2022)

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What McDonald's reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$8.2B10 Dec 31, 2025$7.3B10 Dec 31, 2024+12.6%
Property and equipment, before depreciation$49.3B10 Dec 31, 2025$44.2B10 Dec 31, 2024+11.6%
Accumulated depreciation$21.0B10 Dec 31, 2025$18.9B10 Dec 31, 2024+11.5%
Property and equipment, net$28.2B10 Dec 31, 2025$25.3B10 Dec 31, 2024+11.6%

Real estate and locations

ItemLatestA year beforeChange
Restaurants45,35610 Dec 31, 202543,47710 Dec 31, 2024+4.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$774.0M10 Dec 31, 2025$1.1B10 Dec 31, 2024−28.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.4B10 Dec 31, 2025$3.1B10 Dec 31, 2024+6.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$61.0M10 Dec 31, 2025$56.0M10 Dec 31, 2024+8.9%

Stakes and holdings (Wikidata)

  • 600 @ Toa Payoh
  • Hamburger University
  • Shamrock Shake

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Ray Kroc and Richard and Maurice McDonald on May 15, 1940, in San Bernardino.1

Origin

Siblings Richard and Maurice McDonald, with the goal of making $1 million before they turned 50, opened the first McDonald's at 1398 North E Street at West 14th Street in San Bernardino, California, on May 15, 1940.

Speedee Service System

The McDonald brothers introduced the "Speedee Service System" in 1948, putting into expanded use the principles of the modern fast-food restaurant that predecessor White Castle had put into practice more than two decades earlier. When the brothers made the Speedee Service System, they fired their 20 carhops, removed their silverware and plates for paper wrappings and cups so that they no longer needed a dishwasher, and simplified their menu to just nine items: hamburgers, cheeseburgers, three soft drink flavors in one 12-ounce size, milk, coffee, potato chips and pie. "Our whole concept was based on speed, lower prices, and volume," Richard McDonald later said.

Mascots

The original mascot of McDonald's was a hamburger-headed chef who was referred to as "Speedee". In 1962, the Golden Arches replaced Speedee as the universal mascot. Clown mascot Ronald McDonald was introduced in 1963 to market the chain to children.

Ray Kroc

The present corporation credits its founding to franchised businessman Ray Kroc on April 15, 1955. This was the ninth opened McDonald's restaurant overall, although this location was demolished in 1984. Kroc was recorded as being an aggressive business partner, driving the McDonald brothers out of the industry.

Kroc and the McDonald brothers fought for control of the business, as documented in Kroc's autobiography. In 1961, he purchased the McDonald brothers' equity in the company and began the company's worldwide reach. The sale cost Kroc $2.7 million (worth almost $29,089,644 in the current day). The San Bernardino restaurant was eventually torn down in 1971, and the site was sold to the Juan Pollo chain in 1998. This area serves as headquarters for the Juan Pollo chain, and a McDonald's and Route 66 museum. With the expansion of McDonald's into many international markets, the company has become a symbol of globalization and the spread of the American way of life.

Changes

In 1994, McDonald's banned smoking at the 1,400 United States locations it wholly owned.

In 2006, McDonald's introduced its "Forever Young" brand by redesigning all of its restaurants. The restaurants were turned into cafe-esque space, being mostly terracotta, grey, and olive. The redesigned restaurants were also primarily furnished with wood furniture.

As a result of the COVID-19 pandemic, McDonald's closed most seating and all play areas in its United States restaurants. It transitioned to drive-through and curbside orders at locations and online food ordering delivery services.

From Wikipedia’s article on McDonald's, shared under CC BY-SA 4.0.8

Leadership

Who has led McDonald's, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (74)

Products and brands

  • Big Mac
  • Big N' Tasty
  • Chicken McNuggets
  • Filet-O-Fish
  • Grilled Chicken Burger
  • McChicken
  • McFiesta
  • McFlurry
  • McMelt Cheddar
  • McNifico Bacon
  • McRib
  • McWings
  • McWrap
  • Quarter Pounder
  • Sausage McMuffin with Egg
  • apple turnover
  • cheeseburger
  • cherry tomato
  • chicken burger
  • fast food
  • fries
  • hamburger
  • soft drink

Listed on Wikidata.1

Products

Menu

McDonald's predominantly sells hamburgers, cheeseburgers, various types of chicken, chicken sandwiches, French fries, soft drinks, shakes, breakfast items, and desserts. In most markets, McDonald's offers salads and vegetarian items, wraps and other localized fare. On a seasonal basis, McDonald's offers the McRib sandwich. During March of each year, McDonald's offers a Shamrock Shake to honor Saint Patrick's Day. The company often introduces items temporarily or brings them back after long absences.

McDonald's has offered the Happy Meal, a kids' meal, since June 1979, typically including a small toy or book packaged with the food.

In addition, the chain also sells some items within the United States on a regional basis; for example, the Hatch Green Chile Double Cheeseburger, which is topped with New Mexico green chile, is only available in the southwestern state of New Mexico.

In 2021, the company cut value meals and cheaper items from its menu as part of a focus on higher-priced items.

Read the full text

Health improvements

When Steve Easterbrook became CEO of the company in 2015, McDonald's streamlined the menu which in the United States contained nearly 200 items. The company looked to introduce healthier options and removed high-fructose corn syrup from hamburger buns. The company removed artificial preservatives from Chicken McNuggets, replacing chicken skin, safflower oil and citric acid found in Chicken McNuggets with pea starch, rice starch, and powdered lemon juice.

In September 2018, McDonald's USA announced that they no longer use artificial preservatives, flavors and colors in seven classic burgers sold in the U.S., including the hamburger, cheeseburger, double cheeseburger, McDouble, Quarter Pounder with Cheese, double Quarter Pounder with Cheese and the Big Mac. The pickles will still be made with an artificial preservative, although customers can choose to opt out of getting pickles with their burgers.

McPlant

In November 2020, McDonald's announced McPlant, a plant-based burger, along with plans to develop additional meat alternative menu items that extend to chicken substitutes and breakfast sandwiches. This announcement came after the successful testing of Beyond Meat plant based meat substitutes.

In late 2022, McDonald's announced the addition of the Double McPlant at all restaurants in the United Kingdom and Ireland starting January 4 due to the success of the McPlant. In 2024, select McDonald's in the UK were testing vegan ice cream called Choco Scoop and Strawberry Scoop and receiving positive reviews.

Asia

McDonald's menu is customized to reflect consumer tastes in their respective countries. Restaurants in several countries, particularly in Asia, serve soup. This local deviation from the standard menu is a characteristic for which the chain is particularly known and one which is employed either to abide by regional food taboos (such as the religious prohibition of beef consumption in India) or to make available foods with which the regional market is more familiar (such as the sale of McRice in Indonesia, or Ebi (prawn) Burger in Singapore and Japan). McDonald's restaurants in China include fried buns and soybean milk on their breakfast menus.

In partnership with the Central Food Technological Research Institute in India, McDonald's has introduced millet-based buns on September 4, 2024. Three major (Pearl millet, Sorghum, and Finger millet) and two minor (Proso and Paspalum scrobiculatum) millets are used which makes up 22% of the bun. It provides more calcium, iron, and protein in addition to a small amount of complex carbs to aid in satiety more quickly.

Europe

Throughout Europe, the McDonald's menu may be altered or feature country-exclusive items to suit national tastes. For example, a cheeseburger in Switzerland may include Gruyère cheese, and caldo verde is served in Portugal.In France, McDonald's is colloquially called "McDo". They sell macaroons, Croque McDos, croissants, pain au chocolat, and beer. In Germany and some other Western European countries, McDonald's also sells beer. In Greece, the signature hamburger, Big Mac, is changed by adding Tzatziki sauce and packaging in a pita.

Oceania

In New Zealand, until 2020, McDonald's sold meat pies after local affiliate McDonald's New Zealand (known locally as "Macca's") partially relaunched the Georgie Pie fast food chain it bought out in 1996. In Australia, the "McOz" burger, containing beetroot, is perennially available, as are fries dusted in Vegemite.

North America

After limited regional trials, McDonald's began offering a partial breakfast menu during all hours its restaurants were open in the United States and Canada in 2015 and 2017, respectively. All-day breakfast was phased out from menus in the United States at the start of the COVID-19 pandemic in 2020. The all-day breakfast menu is still available in select locations across Canada.

Meal Deal

The Meal Deal, created in 2024, is one of the restaurant's current McValue Menu offerings. It was created to be a budget friendly meal and offers customers the choice of a McChicken, McDouble, or Daily Double in addition to two sides and a drink. The Meal Deal joins the under $3 selections as McDonald’s sole McValue offerings aside from deals accessible via the McDonald’s app.

Types of McDonald's locations and McDonald's subsidiaries

In the United States, most standalone McDonald's restaurants offer both counter service and drive-through service, with indoor and sometimes outdoor seating.

In 1994, McDonald's attempted Hearth Express, a prototype specializing in homestyle takeout meals. Among the fare offered were meatloaf, fried chicken, and baked ham. This experiment started with a single location in Darien, Illinois but closed after one year.

McDrive

Drive-Thru, Auto-Mac, Pay and Drive, or "McDrive" as it is known in many countries, often has separate stations for placing, paying for, and picking up orders while the customer remains in their vehicle; it was first introduced in Sierra Vista, Arizona in 1975, following the lead of other fast-food chains. The first such restaurant in Britain opened at Fallowfield, Manchester, in 1986. In some countries, McDrive locations near highways offer no counter service or seating. In contrast, locations in high-density city neighborhoods often omit drive-through service. There are also a few locations, mostly in downtown districts, that offer a "Walk-Thru" service in place of Drive-Thru.

McCafé

McCafé is a café-style accompaniment to McDonald's restaurants. The concept was created by McDonald's Australia, starting with Melbourne in 1993. In China, McCafé has expanded through small-format retail concepts such as kiosks, walk-up stands, and mobile coffee trucks. These formats support high-density areas and office districts where full restaurant build-outs are impractical.

McDonald's Next

McDonald's Next uses open-concept design and offers "Create Your Taste" digital ordering. The concept store also offers free mobile device charging and table service after 6:00 pm. The first store opened in Hong Kong in December 2015. The buildings are not colorful, and instead use more natural colors, like from concrete and unpolished oak.

PlayPlaces

McDonald's playgrounds used to be called Playlands and were outside. After concerns were raised that the playgrounds were dangerous, McDonald's moved them inside and began to make them out of softer materials, such as plastic instead of metal. They renamed them PlayPlaces in 1987.

McExpress and McStop

Some locations are connected to gas stations and convenience stores, while others called McExpress have limited seating or menu or may be located in a shopping mall. Other McDonald's are located in Walmart stores. McStop is a location targeted at truckers and travelers who may have services found at truck stops.

CosMc's

In July 2023, the company announced it was working toward a new fast-food brand called CosMc's, which would be tested at 10 sites. The first location was opened in December 2023 in Bolingbrook, Illinois. The outlet had a smaller real-estate footprint than regular McDonald's restaurants and focused on selling coffee and other drinks to afternoon customers.

The name for the new brand came from CosMc, a McDonaldland mascot that appeared in advertisements in the late 1980s and early 1990s.

Although four additional locations were eventually opened in Texas, McDonald's announced in May 2025 that all locations would be shuttered and the associated app removed by the end of June of that year. Some CosMc's beverage flavors would be tested in other U.S. McDonald's locations.

Technology uses

Since the late 1990s, McDonald's has attempted to replace employees with electronic kiosks that would perform actions such as taking orders and accepting money. In 1999, McDonald's first tested "E-Clerks" in suburban Chicago, Illinois, and Wyoming, Michigan, with the devices being able to "save money on live staffers" and attracting larger purchase amounts than average employees.

In 2013, the University of Oxford estimated that in the succeeding decades, there was a 92% probability of food preparation and serving becoming automated in fast food establishments. By 2016, McDonald's "Create Your Taste" electronic kiosks were seen in some restaurants internationally where customers could custom order meals.

In 2017, McDonald's launched an app in the United States that allows customers to skip the ordering line inside or drive through and order online. Many McDonald's locations have special parking spaces for such orders.

In September 2019, McDonald's purchased an AI-based start-up, Apprente, to replace human servers with voice-based technology in its US drive-throughs.

In early 2023, McDonald's opened its first largely automated restaurant in Fort Worth, Texas. The restaurant in question would de-emphasize human contact when ordering, with employees available if there were problems but who would otherwise be absent from the ordering process (along with others working in the kitchen or other back-of-the-house roles). There was no seating in this restaurant.

Marketing and advertising

McDonald's has maintained several advertising campaigns for decades. In addition to the usual media (television, radio, and newspaper), the company makes use of billboards and signage. Also, it sponsors sporting events ranging from Little League to the FIFA World Cup and Olympic Games. Television has been central to the company's advertising strategy. To date, McDonald's has used 23 different slogans in United States advertising, as well as a few other slogans for select countries and regions.

In 2026, Wired published a report on data McDonald's collects on customers who are a part of the loyalty program. The data collected includes purchases, loyalty-points history, activity, and any promotional offers associated with an account. According to McDonald's, this data is used with the purpose of helping provide personalized deals and messages. These data is also used to predict McDonald's-related behavior, including predicting what a customer will eat, when a customer will visit, the odds that a customer will visit a restaurant ("Customer Attrition Likelihood"), and how much will be spent on average.

Children's advertising

McDonald's uses playgrounds, games, and toys to make children want to go to McDonald's.

Sports

In 1992, basketball player Michael Jordan became the first celebrity to have a McDonald's value meal named after him. The "McJordan" was available at Chicago franchises. The exclusivity of the meal lead to fans in other regions being envious, more notably leading to a man buying a gallon of the McJordan BBQ sauce for 10,000 dollars.

LeBron James was a spokesman for McDonald's from 2003 to 2017, while co-endorsing Coca-Cola-Sprite since early in his career.

In January 2025, WNBA player Angel Reese became the first woman to partner with McDonald's, creating the Angel Reese Special. Ordering the meal as a double Quarter Pounder was promoted in reference to Reese's consistent double-doubles during games.

Music

In September 2020, McDonald's partnered with rapper Travis Scott to release the "Travis Scott Meal" nationwide. Scott designed new uniforms for McDonald's employees and released Cactus Jack merchandise using vintage visuals from the fast food chain's history. The company followed up with the "J Balvin Meal" in a partnership with reggaeton singer J Balvin.

In 2021, McDonald's partnered with Korean boy group BTS to release the "BTS Meal" in 50 countries around the world, starting on May 26 in select countries.

Space exploration

McDonald's and NASA explored an advertising agreement for a planned mission to the asteroid 449 Hamburga; however, the spacecraft was eventually canceled.

Sponsorship in NASCAR

McDonald's entered the NASCAR Cup Series in 1977, sponsoring Richard Childress for one race. Between 1977 and 1986, McDonald's only sponsored a handful of races in a season. In 1993, McDonald's became the full-time sponsor for the No. 27 Junior Johnson & Associates Ford, driven by Hut Stricklin. In 1994, Stricklin was replaced in the car by Jimmy Spencer, who went on to win twice that season. The following season McDonald's would move over to the No. 94 Bill Elliott Racing Ford, driven by team-owner Bill Elliott. McDonald's stayed with Elliott until the 2001 season when they moved again, this time to the No. 96 PPI Motorsports Ford, driven by rookie Andy Houston. However, when the team failed to field a car for the entire season, McDonald's became absent from NASCAR until 2004, when it joined Evernham Motorsports as a part-time sponsor for drivers Elliott, Kasey Kahne, Elliott Sadler, A. J. Allmendinger, and Reed Sorenson until 2010.

During the 2010 season, McDonald's entered its longest partnership with a team at Chip Ganassi Racing, sponsoring the No. 1 Chevrolet driven by Jamie McMurray until his final race in the 2019 Daytona 500. McDonald's moved to CGR's No. 42 of Kyle Larson, whom the company sponsored until his suspension in 2020, and also had a one-race partnership with Richard Petty Motorsports' No. 43 Chevrolet driven by Bubba Wallace in 2019 and 2020. McDonald's continued working with the No. 42 under new driver Ross Chastain in 2021 and also joined Wallace's new team 23XI Racing as a "founding partner".

From Wikipedia’s article on McDonald's, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Owners

Subsidiaries

Divisions

  • McCafé

Also owns

  • 600 @ Toa Payoh
  • Hamburger University
  • Shamrock Shake

From Wikidata.1

Acquisitions

  1. 2000Acquired Boston Market1

Employees over time

McDonald's employees by year1200.0K in 2020−52% since 2015
0200.0K400.0K600.0K2015: 420.0K420.0K20152016: 375.0K375.0K2016−11%2018: 210.0K210.0K2018−44%2020: 200.0K200.0K2020−5%
  • 2020200,0001
  • 2018210,0001
  • 2016375,0001
  • 2015420,0001

Timeline

  1. Sep 23, 20268-K Regulation FD disclosure130
  2. Aug 4, 20268-K Results of operations131
  3. Aug 4, 20268-K Executive or director change; Regulation FD disclosure132
  4. May 22, 20268-K Shareholder vote133
  5. May 7, 20268-K Results of operations134
  6. Apr 2, 20268-K Executive or director change135
  7. Feb 11, 20268-K Results of operations136
  8. Feb 10, 20268-K Executive or director change137
  9. Nov 5, 20258-K Results of operations138
  10. Aug 27, 20258-K Other events139
  11. Aug 6, 20258-K Results of operations140
  12. May 23, 20258-K Shareholder vote141
  13. Nov 2019New chief executive Chris Kempczinski becomes CEO1
  14. Mar 1, 2015New chief executive Steve Easterbrook becomes CEO1
  15. Jul 1, 2012New chief executive Don Thompson becomes CEO1
  16. Jul 16, 2004New chief executive Michael James Roberts becomes CEO25
  17. Apr 2004New chief executive Charlie Bell becomes CEO1
  18. 2004New chief executive Jim Skinner becomes CEO1
  19. 2002New chief executive Jim Cantalupo becomes CEO1
  20. 1998New chief executive Jack M. Greenberg becomes CEO1
  21. 1987New chief executive Michael R. Quinlan becomes CEO1
  22. 1974New chief executive Fred L. Turner becomes CEO1
  23. Jan 2, 1970Went public Listed on NYSE1
  24. 1955New chief executive Ray Kroc becomes CEO1
  25. May 15, 1940Founded Founded in San Bernardino1

Calendar

Coming up

  1. Nov 4, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $3.22 a share, on Nov 5, 2025.142

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results131
  2. May 7, 2026Reported quarterly or annual results134
  3. Feb 11, 2026Reported quarterly or annual results136
  4. Nov 5, 2025Reported quarterly or annual results138
  5. Aug 6, 2025Reported quarterly or annual results140
  6. May 1, 2025Reported quarterly or annual results143
  7. Feb 10, 2025Reported quarterly or annual results144
  8. Oct 29, 2024Reported quarterly or annual results145

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

578 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 338 insider forms, 16 large holders, 148 other. The latest 20:

  1. Oct 2, 20264 JENNIFER TAUBERT - FORM 4 (9.30.2026) EDGAR
  2. Oct 2, 20264 MICHAEL HSU - FORM 4 (9.30.26) EDGAR
  3. Oct 2, 20264 LLOYD DEAN - FORM 4 (9.30.2026) EDGAR
  4. Sep 23, 20268-K EDGAR
  5. Aug 14, 20263 SKYE ANDERSON - FORM 3 (8.4.26) EDGAR
  6. Aug 11, 20264 LAUREN ELTING - FORM 4 (8.10.26) EDGAR
  7. Aug 7, 2026SCHEDULE 13G EDGAR
  8. Aug 7, 202610-Q EDGAR
  9. Aug 4, 20268-K EDGAR
  10. Aug 4, 20268-K EDGAR
  11. Jul 22, 2026SCHEDULE 13G/A EDGAR
  12. Jul 2, 20264 TAUBERT - 6.30.2026 FORM 4 EDGAR
  13. Jul 2, 20264 HSU - 6.30.2026 FORM 4 EDGAR
  14. Jul 2, 20264 DEAN - 6.30.2026 FORM 4 EDGAR
  15. Jun 18, 202611-K EDGAR
  16. Jun 10, 2026144 EDGAR
  17. Jun 10, 20264 JOE ERLINGER - 6.10.26 FORM 4 EDGAR
  18. Jun 1, 20264 DESIREE RALLS-MORRISON - FORM 4 (5.28.26) EDGAR
  19. May 28, 2026SD EDGAR
  20. May 27, 20264 JOE ERLINGER - FORM 4 (5.27.26) EDGAR

The 578 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

113 open-market trades by officers, directors and large owners since October 2021: 7 buys and 106 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 10, 2026Erlinger Joseph M.President, McDonald's USASale5,252$284.32$1.5MForm 4
May 28, 2026Ralls-Morrison DesireeEVP, Chief Legal OfficerSale2,763$278.36$769.1KForm 4
May 26, 2026Erlinger Joseph M.President, McDonald's USASale333$280.11$93.3KForm 4
Apr 23, 2026Erlinger Joseph M.President, McDonald's USASale333$302.72$100.8KForm 4
Apr 10, 2026Erlinger Joseph M.President, McDonald's USASale2,626$307.00$806.2KForm 4
Mar 23, 2026Erlinger Joseph M.President, McDonald's USASale333$313.47$104.4KForm 4
Mar 18, 2026Baroni DarioPresident, IDLSale600$323.77$194.3KForm 4
Mar 10, 2026Erlinger Joseph M.President, McDonald's USASale2,626$328.34$862.2KForm 4
Feb 23, 2026Banner JonathanEVP - Chief Impact OfficerSale6,201$333.29$2.1MForm 4
Feb 23, 2026Erlinger Joseph M.President, McDonald's USASale333$330.43$110.0KForm 4
Feb 13, 2026Kempczinski Christopher JChairman and CEOSale26,276$333.54$8.8MForm 4
Feb 12, 2026Flatley Edith MorganEVP - Global CMOSale4,692$331.00$1.6MForm 4
Feb 12, 2026Kempczinski Christopher JChairman and CEOSale26,277$331.35$8.7MForm 4
Feb 10, 2026Erlinger Joseph M.President, McDonald's USASale2,626$325.25$854.1KForm 4
Jan 12, 2026Erlinger Joseph M.President, McDonald's USASale2,626$306.58$805.1KForm 4
Dec 16, 2025Ralls-Morrison DesireeEVP, Chief Legal OfficerSale2,486$320.00$795.5KForm 4
Dec 12, 2025Flatley Edith MorganEVP - Global CMOSale658$315.00$207.3KForm 4
Dec 1, 2025Steijaert Manuel JMEVP - President, IOMSale6,567$305.50$2.0MForm 4
Nov 21, 2025Borden Ian FrederickEVP - CFOSale17,134$310.00$5.3MForm 4
Nov 14, 2025Erlinger Joseph M.President, McDonald's USASale3,195$305.82$977.1KForm 4

All 113 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Christopher Kempczinski$1.6M$20.6M151
2025Ian Borden$970.8K$8.6M151
2025Gillian McDonald$929.5K$6.1M151
2025Joseph Erlinger$895.8K$5.7M151
2025Manuel JM Steijaert$854.5K$5.0M151
2024ChairmanPresident and CEO$1.5M$18.2M151
2024Executive VicePresident and Global CFO$941.7K$6.3M151
2024PresidentMcDonald’s USA$869.2K$6.1M151
2024Executive Vice PresidentGlobal Chief$889.3K$5.0M151
2023ChairmanPresident and CEO$1.4M$19.2M151
2023Restaurant Experience Officer$808.4K$8.5M151
2023Executive VicePresident and Global CFO$900.0K$6.8M151
2023PresidentMcDonald’s USA$840.0K$6.4M151

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.55,436,039$15.0B0.2%+83,304
Vanguard Capital Management LLC46,396,692$12.5B0.3%+180,675
State Street Corp36,080,505$9.8B0.3%+646,675
Jpmorgan Chase & Co31,923,726$8.5B0.5%−5,733,114
Vanguard Portfolio Management LLC18,781,589$5.1B0.2%−323,203
Geode Capital Management, LLC18,114,553$4.9B0.3%+152,638
Morgan Stanley15,027,364$4.1B0.2%−591,145
Bank Of America Corp /de/10,997,796$3.0B0.2%−1,158,762
Norges Bank9,878,380$2.7B0.3%New
Capital Research Global Investors8,961,454$2.4B0.3%+2,067,217
Wells Fargo & Company/mn8,050,084$2.2B0.4%+81,052
Northern Trust Corp7,920,784$2.1B0.2%−301,239
Royal Bank Of Canada6,617,829$1.8B0.3%−185,412
Charles Schwab Investment Management Inc6,201,372$1.7B0.2%+620,278
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC5,839,330$1.6B0.3%−754,400
UBS Group AG5,825,310$1.6B0.3%+147,107
Bank of New York Mellon Corp5,028,581$1.4B0.2%−127,896
Franklin Resources Inc4,936,117$1.3B0.3%+692,594
PeakShares LLC4,585$1.2B0.9%+717
Legal & General Group Plc4,402,074$1.2B0.2%−343,169
Goldman Sachs Group Inc4,327,412$1.2B0.1%−738,797
Arrowstreet Capital, Limited Partnership4,265,113$1.2B0.5%+627,328
Gallagher Fiduciary Advisors, LLC4,252,478$1.1B37.8%−73,335
Ameriprise Financial Inc4,241,907$1.1B0.2%−101,319
Vanguard Fiduciary Trust Co3,989,106$1.1B0.2%−23,963

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

55 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 25, 2026Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000−2.5%Report
Aug 26, 2026Scott FranklinRepublican, HouseBuy$1,001 - $15,000−9.9%Report
Aug 11, 2026Cory A. BookerDemocratic, SenateSale$15,001 - $50,000+11.7%Report
Jul 30, 2026Richard McCormickRepublican, HouseSale$1,001 - $15,000+13.7%Report
Mar 31, 2026Jared MoskowitzDemocratic, HouseBuy$1,001 - $15,000−40.6%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−42.4%Report
Jan 9, 2026Sheldon WhitehouseDemocratic, SenateSale$15,001 - $50,000+32.3%Report
Dec 18, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+38.2%Report
Nov 13, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000+36.0%Report
Nov 5, 2025Richard McCormickRepublican, HouseBuy$1,001 - $15,000−34.6%Report
Oct 31, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+31.9%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−33.3%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+33.3%Report
Oct 23, 2025Kevin HernRepublican, HouseSale$1,001 - $15,000+35.9%Report
Oct 23, 2025Kevin HernRepublican, HouseSale$100,001 - $250,000+35.9%Report
Sep 10, 2025Cleo FieldsDemocratic, HouseBuy$15,001 - $50,000−39.1%Report
Aug 14, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000+41.2%Report
Jul 29, 2025Cleo FieldsDemocratic, HouseBuy$15,001 - $50,000−41.4%Report
Jun 25, 2025Cleo FieldsDemocratic, HouseBuy$15,001 - $50,000−42.2%Report
Jun 24, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−44.0%Report
Jun 20, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+45.5%Report
Jun 16, 2025Scott FranklinRepublican, HouseSale$15,001 - $50,000+46.2%Report
Jun 2, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$15,001 - $50,000+52.7%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+54.6%Report
Apr 11, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−66.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How McDonald's is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMCDONALDS CORP2
  • CIK0000063908
  • Employer ID (EIN)36-2361282152
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company152
  • Incorporated inDelaware152
  • Fiscal year endsDecember 312
  • Industry code (SIC)5812 Retail-Eating Places2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address110 North Carpenter Street, Chicago, IL 606072
  • Phone630 623 30002
  • Shares outstanding707,641,531 as of Jun 30, 202615
  • Public float$208.5B as of Jun 30, 2025152
  • AuditorErnst & Young LLP, Chicago, Illinois PCAOB ID 42; it also attests to the company’s internal control over financial reporting152
  • On EDGAR sinceJan 18, 19942
  • Filings3,078 in all: 4 (1,687), 8-K (478), 424B2 (101), 10-Q (98), DEFA14A (74), 3 (61), 144 (53), 425 (40)2
    All 57 form types

    SC 13G/A (39), FWP (38), PX14A6G (34), NO ACT (33), DEF 14A (32), 10-K (31), 11-K (28), SC 13G (19), UPLOAD (19), S-8 POS (14), 424B3 (13), CORRESP (13), S-8 (13), SD (13), ARS (12), 4/A (10), 8-K/A (9), DFAN14A (9), POS AM (9), S-3 (9), S-3ASR (8), 25 (7), 3/A (7), 5 (7), EFFECT (6), PRE 14A (6), SCHEDULE 13G (6), 8-A12B (4), SC TO-I/A (4), SCHEDULE 13G/A (4), 424B5 (3), 8A12BEF (3), S-3/A (3), 10-K/A (2), 10-K405 (2), 10-Q/A (2), DEFC14A (2), SC 13E4/A (2), 15-12B (1), 25-NSE (1), 424B4 (1), 8-A12B/A (1), PREC14A (1), PX14A6N (1), S-4 (1), S-4/A (1), SC 13D/A (1), SC 13E4 (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 7, 2026
    Latest 8-K (8-K) Sep 23, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueMCDNew York Stock Exchange

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).152

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