
McDonald's Corp
NYSE:MCD

Income Statement
Earnings Waterfall
McDonald's Corp
Revenue
|
25.9B
USD
|
Cost of Revenue
|
-11.2B
USD
|
Gross Profit
|
14.7B
USD
|
Operating Expenses
|
-2.9B
USD
|
Operating Income
|
11.9B
USD
|
Other Expenses
|
-3.6B
USD
|
Net Income
|
8.2B
USD
|
Income Statement
McDonald's Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
27 441
N/A
|
26 700
-3%
|
26 016
-3%
|
25 644
-1%
|
25 413
-1%
|
25 358
0%
|
25 125
-1%
|
24 934
-1%
|
24 622
-1%
|
24 394
-1%
|
24 179
-1%
|
23 509
-3%
|
22 820
-3%
|
22 283
-2%
|
21 588
-3%
|
21 202
-2%
|
21 258
+0%
|
21 143
-1%
|
21 199
+0%
|
21 332
+1%
|
21 364
+0%
|
21 055
-1%
|
19 406
-8%
|
19 322
0%
|
19 208
-1%
|
19 618
+2%
|
21 744
+11%
|
22 528
+4%
|
23 223
+3%
|
23 764
+2%
|
23 594
-1%
|
23 265
-1%
|
23 183
0%
|
23 415
+1%
|
24 194
+3%
|
25 014
+3%
|
25 494
+2%
|
25 765
+1%
|
25 757
0%
|
25 938
+1%
|
25 920
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(16 986)
|
(16 559)
|
(16 169)
|
(15 887)
|
(15 624)
|
(15 456)
|
(15 128)
|
(14 781)
|
(14 417)
|
(14 073)
|
(13 736)
|
(12 996)
|
(12 200)
|
(11 564)
|
(10 837)
|
(10 448)
|
(10 425)
|
(10 287)
|
(10 240)
|
(10 277)
|
(10 185)
|
(10 085)
|
(9 554)
|
(9 483)
|
(9 456)
|
(9 540)
|
(10 172)
|
(10 428)
|
(10 643)
|
(10 802)
|
(10 550)
|
(10 206)
|
(9 975)
|
(9 944)
|
(10 294)
|
(10 697)
|
(10 931)
|
(11 077)
|
(11 083)
|
(11 252)
|
(11 210)
|
|
Gross Profit |
10 456
N/A
|
10 141
-3%
|
9 847
-3%
|
9 757
-1%
|
9 789
+0%
|
9 902
+1%
|
9 997
+1%
|
10 153
+2%
|
10 205
+1%
|
10 321
+1%
|
10 443
+1%
|
10 514
+1%
|
10 621
+1%
|
10 719
+1%
|
10 750
+0%
|
10 755
+0%
|
10 833
+1%
|
10 856
+0%
|
10 960
+1%
|
11 055
+1%
|
11 179
+1%
|
10 970
-2%
|
9 853
-10%
|
9 840
0%
|
9 752
-1%
|
10 079
+3%
|
11 573
+15%
|
12 099
+5%
|
12 580
+4%
|
12 962
+3%
|
13 045
+1%
|
13 059
+0%
|
13 207
+1%
|
13 471
+2%
|
13 900
+3%
|
14 317
+3%
|
14 563
+2%
|
14 688
+1%
|
14 675
0%
|
14 686
+0%
|
14 710
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 488)
|
(2 450)
|
(2 414)
|
(2 422)
|
(2 473)
|
(2 430)
|
(2 433)
|
(2 432)
|
(2 410)
|
(2 328)
|
(2 257)
|
(2 241)
|
(2 324)
|
(2 227)
|
(2 251)
|
(2 191)
|
(2 201)
|
(2 201)
|
(2 245)
|
(2 282)
|
(2 230)
|
(2 315)
|
(2 344)
|
(2 331)
|
(2 545)
|
(2 499)
|
(2 531)
|
(2 644)
|
(2 707)
|
(2 818)
|
(2 820)
|
(2 846)
|
(2 863)
|
(2 792)
|
(2 797)
|
(2 807)
|
(2 817)
|
(2 885)
|
(2 912)
|
(2 880)
|
(2 858)
|
|
Selling, General & Administrative |
(2 488)
|
(2 450)
|
(2 414)
|
(2 422)
|
(2 473)
|
(2 430)
|
(2 433)
|
(2 432)
|
(2 411)
|
(2 328)
|
(2 257)
|
(2 241)
|
(2 324)
|
(2 227)
|
(2 251)
|
(2 191)
|
(1 985)
|
(2 139)
|
(2 120)
|
(2 088)
|
(1 967)
|
(2 040)
|
(2 062)
|
(2 042)
|
(2 245)
|
(2 196)
|
(2 216)
|
(2 320)
|
(2 378)
|
(2 472)
|
(2 511)
|
(2 527)
|
(2 492)
|
(2 461)
|
(2 418)
|
(2 425)
|
(2 435)
|
(2 504)
|
(2 526)
|
(2 479)
|
(2 412)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(215)
|
(61)
|
(125)
|
(194)
|
(263)
|
(275)
|
(282)
|
(289)
|
(301)
|
(303)
|
(315)
|
(324)
|
(330)
|
(346)
|
(356)
|
(366)
|
(370)
|
(377)
|
(379)
|
(383)
|
(382)
|
(381)
|
(387)
|
(402)
|
(447)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
47
|
47
|
0
|
46
|
0
|
0
|
(0)
|
1
|
2
|
1
|
1
|
|
Operating Income |
7 968
N/A
|
7 690
-3%
|
7 433
-3%
|
7 335
-1%
|
7 317
0%
|
7 472
+2%
|
7 564
+1%
|
7 721
+2%
|
7 795
+1%
|
7 993
+3%
|
8 186
+2%
|
8 272
+1%
|
8 297
+0%
|
8 492
+2%
|
8 499
+0%
|
8 564
+1%
|
8 632
+1%
|
8 656
+0%
|
8 715
+1%
|
8 773
+1%
|
8 950
+2%
|
8 655
-3%
|
7 508
-13%
|
7 509
+0%
|
7 207
-4%
|
7 580
+5%
|
9 042
+19%
|
9 456
+5%
|
9 873
+4%
|
10 144
+3%
|
10 224
+1%
|
10 213
0%
|
10 345
+1%
|
10 679
+3%
|
11 103
+4%
|
11 510
+4%
|
11 745
+2%
|
11 803
+0%
|
11 763
0%
|
11 807
+0%
|
11 852
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(579)
|
(644)
|
(687)
|
(668)
|
(681)
|
(734)
|
(784)
|
(829)
|
(776)
|
(776)
|
(770)
|
(785)
|
(664)
|
(801)
|
(803)
|
(807)
|
(830)
|
(811)
|
(779)
|
(770)
|
(883)
|
(911)
|
(1 075)
|
(1 124)
|
(1 080)
|
(1 145)
|
(1 082)
|
(1 069)
|
(1 037)
|
(996)
|
(964)
|
(927)
|
(916)
|
(913)
|
(928)
|
(964)
|
(1 002)
|
(1 048)
|
(1 105)
|
(1 181)
|
(1 252)
|
|
Non-Reccuring Items |
(10)
|
(203)
|
(247)
|
(208)
|
(63)
|
155
|
45
|
(39)
|
(131)
|
(94)
|
123
|
975
|
980
|
1 000
|
948
|
222
|
39
|
(61)
|
(160)
|
(240)
|
(34)
|
(114)
|
(166)
|
(55)
|
0
|
218
|
424
|
470
|
306
|
(430)
|
(1 504)
|
(1 703)
|
(1 624)
|
(1 246)
|
(255)
|
(229)
|
(252)
|
(112)
|
(268)
|
(334)
|
(297)
|
|
Total Other Income |
(7)
|
(0)
|
(16)
|
(19)
|
(17)
|
(16)
|
(10)
|
(11)
|
(22)
|
(26)
|
(31)
|
(39)
|
(39)
|
(38)
|
(33)
|
(29)
|
(24)
|
(25)
|
(26)
|
(20)
|
(15)
|
1
|
5
|
8
|
14
|
(4)
|
(7)
|
(6)
|
(14)
|
(2)
|
(7)
|
11
|
20
|
32
|
38
|
30
|
31
|
21
|
12
|
30
|
42
|
|
Pre-Tax Income |
7 372
N/A
|
6 843
-7%
|
6 484
-5%
|
6 441
-1%
|
6 556
+2%
|
6 878
+5%
|
6 816
-1%
|
6 842
+0%
|
6 866
+0%
|
7 097
+3%
|
7 508
+6%
|
8 423
+12%
|
8 574
+2%
|
8 654
+1%
|
8 611
-1%
|
7 950
-8%
|
7 816
-2%
|
7 760
-1%
|
7 749
0%
|
7 743
0%
|
8 018
+4%
|
7 632
-5%
|
6 273
-18%
|
6 338
+1%
|
6 141
-3%
|
6 649
+8%
|
8 376
+26%
|
8 850
+6%
|
9 128
+3%
|
8 716
-5%
|
7 750
-11%
|
7 594
-2%
|
7 825
+3%
|
8 551
+9%
|
9 959
+16%
|
10 346
+4%
|
10 522
+2%
|
10 664
+1%
|
10 403
-2%
|
10 322
-1%
|
10 345
+0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2 614)
|
(2 478)
|
(2 304)
|
(2 020)
|
(2 026)
|
(2 035)
|
(2 083)
|
(2 143)
|
(2 180)
|
(2 321)
|
(2 430)
|
(2 736)
|
(2 681)
|
(2 549)
|
(2 405)
|
(1 943)
|
(1 817)
|
(1 812)
|
(1 781)
|
(1 851)
|
(1 909)
|
(1 791)
|
(1 465)
|
(1 375)
|
(1 410)
|
(1 488)
|
(1 480)
|
(1 567)
|
(1 583)
|
(1 604)
|
(1 668)
|
(1 682)
|
(1 648)
|
(1 676)
|
(1 961)
|
(2 013)
|
(2 053)
|
(2 068)
|
(2 094)
|
(2 076)
|
(2 121)
|
|
Income from Continuing Operations |
4 758
|
4 365
|
4 180
|
4 421
|
4 529
|
4 843
|
4 733
|
4 699
|
4 687
|
4 777
|
5 079
|
5 687
|
5 892
|
6 105
|
6 206
|
6 007
|
5 999
|
5 947
|
5 968
|
5 892
|
6 109
|
5 841
|
4 808
|
4 963
|
4 731
|
5 161
|
6 896
|
7 284
|
7 545
|
7 112
|
6 081
|
5 913
|
6 177
|
6 875
|
7 998
|
8 333
|
8 469
|
8 597
|
8 308
|
8 246
|
8 224
|
|
Net Income (Common) |
4 758
N/A
|
4 365
-8%
|
4 180
-4%
|
4 421
+6%
|
4 529
+2%
|
4 843
+7%
|
4 733
-2%
|
4 699
-1%
|
4 687
0%
|
4 777
+2%
|
5 079
+6%
|
5 687
+12%
|
5 192
-9%
|
5 353
+3%
|
5 454
+2%
|
5 208
-5%
|
5 924
+14%
|
5 877
-1%
|
5 898
+0%
|
5 869
0%
|
6 025
+3%
|
5 804
-4%
|
4 771
-18%
|
4 926
+3%
|
4 731
-4%
|
5 161
+9%
|
6 896
+34%
|
7 284
+6%
|
7 545
+4%
|
7 112
-6%
|
6 081
-15%
|
5 913
-3%
|
6 177
+4%
|
6 875
+11%
|
7 998
+16%
|
8 333
+4%
|
8 469
+2%
|
8 596
+1%
|
8 307
-3%
|
8 245
-1%
|
8 223
0%
|
|
EPS (Diluted) |
4.89
N/A
|
4.52
-8%
|
4.36
-4%
|
4.72
+8%
|
4.79
+1%
|
5.4
+13%
|
5.43
+1%
|
5.54
+2%
|
5.44
-2%
|
5.78
+6%
|
6.19
+7%
|
6.99
+13%
|
6.36
-9%
|
6.7
+5%
|
6.92
+3%
|
6.67
-4%
|
7.53
+13%
|
7.63
+1%
|
7.67
+1%
|
7.68
+0%
|
7.87
+2%
|
7.73
-2%
|
6.37
-18%
|
6.56
+3%
|
6.31
-4%
|
6.88
+9%
|
9.18
+33%
|
9.69
+6%
|
10.04
+4%
|
9.51
-5%
|
8.19
-14%
|
7.99
-2%
|
8.33
+4%
|
9.34
+12%
|
10.89
+17%
|
11.39
+5%
|
11.56
+1%
|
11.84
+2%
|
11.5
-3%
|
11.45
0%
|
11.39
-1%
|