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McDonald's (MCD): what its SEC filings show

Two years of results through Q2 2026 (Apr–Jun 2026), in plain English. Every figure links to the SEC filing it came from.

Built by the Tribune's code from SEC filings. No AI wrote or changed any figure. No ratings or advice. Updated Nov. 3, 2026. Latest report: 10-Q, filed Aug. 7, 2026. Updates automatically when the company files its next report. How this page works

The latest quarter at a glance

Revenue
$7.1B
up 4% from a year earlier
Q2 2025: $6.8B
Net income
$2.4B
up 5% from a year earlier
Q2 2025: $2.3B
Free cash flow
$2.0B
Q2 2025: $1.3B. Calculated by the Tribune
Shares outstanding
708M
down 1% from a year earlier
Q2 2025: 714M. More shares means each share owns a smaller slice

Q2 2026 (Apr–Jun 2026) compared with Q2 2025.

What changed this quarter

  • Revenue was $7.1 billion, up 4% from $6.8 billion a year earlier. Source
  • Net income was $2.4 billion, up 5% from $2.3 billion a year earlier. Source
  • Cash fell to $822 million from $1.2 billion three months earlier. Source

Two-year trends

Revenue

All the money the company took in from sales, before any costs.

6.9Q3 246.4Q4 246.0Q1 256.8Q2 257.1Q3 257.0Q4 256.5Q1 267.1Q2 26
6.9Q3’246.4Q4’246.0Q1’256.8Q2’257.1Q3’257.0Q4’256.5Q1’267.1Q2’26
Billions of dollars, as filed.

Net income

What was left after all costs, interest and taxes: the bottom line. Below the line is a loss.

2.3Q3 242.0Q4 241.9Q1 252.3Q2 252.3Q3 252.2Q4 252.0Q1 262.4Q2 26
2.3Q3’242.0Q4’241.9Q1’252.3Q2’252.3Q3’252.2Q4’252.0Q1’262.4Q2’26
Billions of dollars: net income attributable to the company's shareholders, as filed (GAAP).

Free cash flow

Cash brought in by running the business, minus spending on property and equipment. Below the line means the company spent more than it brought in that quarter.

1.9Q3 241.8Q4 241.9Q1 251.3Q2 252.4Q3 251.6Q4 251.7Q1 262.0Q2 26
1.9Q3’241.8Q4’241.9Q1’251.3Q2’252.4Q3’251.6Q4’251.7Q1’262.0Q2’26
Billions of dollars. Calculated by the Tribune: cash from operations minus payments for property and equipment, both as filed.

Shares outstanding

How many shares exist. When the number rises, each share owns a smaller slice of the company.

0.72Q3 240.71Q4 240.72Q1 250.71Q2 250.71Q3 250.71Q4 250.71Q1 260.71Q2 26
0.72Q3’240.71Q4’240.72Q1’250.71Q2’250.71Q3’250.71Q4’250.71Q1’260.71Q2’26
Billions of shares on each quarter-end date (or on the report's cover page a few weeks later).

Cash compared with debt

Cash on hand next to what the company owes in loans and bonds.

CashDebt
140Q3 24138Q4 24139Q1 25241Q2 25241Q3 25141Q4 251–Q1 261–Q2 26
Q3’24Q4’24Q1’25Q2’25Q3’25Q4’25–Q1’26–Q2’26
Billions of dollars at each quarter-end. Debt = short-term plus long-term debt, only when both are filed for that date (calculated by the Tribune). A dash means no data.

Warning-sign checks

Code looks for these filings in the last three years and reports only that a filing exists, never what it means for the stock.

Auditor change
The company changed the accounting firm that checks its books.
None in the last three years
Past results can't be relied on
The company said earlier reported results were wrong and will be corrected.
None in the last three years
Late filing
The company told the SEC a required report would be late.
None in the last three years

Every figure and its filing

Each figure links to the 10-Q or 10-K it came from. "No data" means it wasn't filed in a form the methodology accepts; nothing is estimated.

FigureQ3 2024Jul–Sep 2024Q4 2024Oct–Dec 2024Q1 2025Jan–Mar 2025Q2 2025Apr–Jun 2025Q3 2025Jul–Sep 2025Q4 2025Oct–Dec 2025Q1 2026Jan–Mar 2026Q2 2026Apr–Jun 2026
Revenue$6.9 billion$6.4 billion$6.0 billion$6.8 billion$7.1 billion$7.0 billion$6.5 billion$7.1 billion
Net income$2.3 billion$2.0 billion$1.9 billion$2.3 billion$2.3 billion$2.2 billion$2.0 billion$2.4 billion
Cash from operations$2.7 billion$2.6 billion$2.4 billion$2.0 billion$3.4 billion$2.7 billion$2.4 billion$2.8 billion
Spending on property and equipment$794 million$807 million$551 million$744 million$1.0 billion$1.1 billion$682 million$831 million
Free cash flow (calculated)$1.9 billion$1.8 billion$1.9 billion$1.3 billion$2.4 billion$1.6 billion$1.7 billion$2.0 billion
Gross margin (calculated)No dataNo dataNo dataNo dataNo dataNo dataNo dataNo data
Shares outstanding717 million714 million715 million714 million712 million710 million711 million708 million
Cash$1.2 billion$1.1 billion$1.2 billion$1.9 billion$2.4 billion$774 million$1.2 billion$822 million
Debt (calculated)$39.6 billion$38.4 billion$38.9 billion$41.4 billion$41.3 billion$41.5 billionNo dataNo data

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Figures as filed in 10-Q and 10-K reports; the latest filing wins. Single quarters, the fourth quarter (the full year minus the first nine months), free cash flow, margins and changes are calculated by the Tribune. Methodology version 1.2. How this page works · All of McDonald's's filings on SEC EDGAR