McDonald's Corporation (MCD) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
Loading earnings history...
McDonald's Corporation (MCD) Earnings Overview
As of June 23, 2026, McDonald's Corporation (MCD) reported trailing twelve-month net income of $8.68B, reflecting +4.9% year-over-year growth. The company earned $12.16 per diluted share over the past four quarters, with a net profit margin of 31.9%.
Looking at the long-term picture, MCD's 5-year EPS compound annual growth rate (CAGR) stands at +13.6%, showing solid earnings momentum. The company achieved its highest annual net income of $8.56B in fiscal 2025, representing a new all-time high.
McDonald's Corporation maintains industry-leading profitability with a gross margin of 57.4%, operating margin of 46.1%, and net margin of 31.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including YUM ($1.74B net income, 19.0% margin), QSR ($955M net income, 8.2% margin), WEN ($171M net income, 7.6% margin), MCD has outperformed on profitability metrics. Compare MCD vs YUM →
MCD Earnings vs Peers
Earnings metrics vs comparable public companies
MCD Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $8.56B | +4.1% | $12.39B | $11.95 | 31.9% | 46.1% |
| 2024 | $8.22B | -2.9% | $11.71B | $11.39 | 31.7% | 45.2% |
| 2023 | $8.47B | +37.1% | $11.65B | $11.56 | 33.2% | 45.7% |
| 2022 | $6.18B | -18.1% | $9.37B | $8.33 | 26.6% | 40.4% |
| 2021 | $7.55B | +59.5% | $10.36B | $10.04 | 32.5% | 44.6% |
| 2020 | $4.73B | -21.5% | $7.32B | $6.31 | 24.6% | 38.1% |
| 2019 | $6.03B | +1.7% | $9.07B | $7.88 | 28.2% | 42.5% |
| 2018 | $5.92B | +14.1% | $8.82B | $7.54 | 27.9% | 41.5% |
| 2017 | $5.19B | +10.8% | $9.55B | $6.37 | 22.8% | 41.9% |
| 2016 | $4.69B | +3.5% | $7.74B | $5.44 | 19.0% | 31.5% |
| 2015 | $4.53B | -4.8% | $7.15B | $4.80 | 17.8% | 28.1% |
| 2014 | $4.76B | -14.8% | $7.95B | $4.82 | 17.3% | 29.0% |
| 2013 | $5.59B | +2.2% | $8.76B | $5.55 | 19.9% | 31.2% |
| 2012 | $5.46B | -0.7% | $8.60B | $5.36 | 19.8% | 31.2% |
| 2011 | $5.50B | +11.3% | $8.53B | $5.27 | 20.4% | 31.6% |
| 2010 | $4.95B | +8.7% | $7.47B | $4.58 | 20.5% | 31.0% |
| 2009 | $4.55B | +5.5% | $6.84B | $4.11 | 20.0% | 30.1% |
| 2008 | $4.31B | +80.1% | $6.44B | $3.76 | 18.3% | 27.4% |
| 2007 | $2.40B | -32.4% | $3.88B | $1.98 | 10.5% | 17.0% |
| 2006 | $3.54B | +36.2% | $4.43B | $2.83 | 17.0% | 21.2% |
| 2005 | $2.60B | +14.2% | $3.98B | $2.04 | 13.6% | 20.8% |
| 2004 | $2.28B | +54.9% | $3.54B | $1.79 | 12.3% | 19.0% |
| 2003 | $1.47B | +64.7% | $2.83B | $1.15 | 8.6% | 16.5% |
| 2002 | $894M | -45.4% | $2.11B | $0.70 | 5.8% | 13.7% |
| 2001 | $1.64B | -17.2% | $2.70B | $1.25 | 11.0% | 18.1% |
| 2000 | $1.98B | +1.5% | $3.13B | $1.46 | 13.9% | 22.0% |
| 1999 | $1.95B | +25.7% | $3.21B | $1.39 | 14.7% | 24.2% |
| 1998 | $1.55B | -5.6% | $3.02B | $1.10 | 12.5% | 24.3% |
| 1997 | $1.64B | +4.4% | $2.69B | $1.15 | 14.4% | 23.6% |
| 1996 | $1.57B | +10.2% | $2.59B | $1.08 | 14.7% | 24.2% |
| 1995 | $1.43B | +16.6% | $2.50B | $0.99 | 14.6% | 25.5% |
| 1994 | $1.22B | +13.1% | $2.16B | $0.84 | 14.7% | 25.9% |
| 1993 | $1.08B | +12.9% | $1.92B | $0.71 | 14.6% | 25.9% |
| 1992 | $959M | +11.5% | $1.80B | $0.64 | 13.4% | 25.2% |
| 1991 | $860M | +7.1% | $1.56B | $0.57 | 12.8% | 23.4% |
| 1990 | $802M | +10.4% | $1.50B | $0.54 | 12.1% | 22.6% |
| 1989 | $727M | - | $1.46B | $0.48 | 11.8% | 23.8% |
Download Data
Export MCD earnings history in CSV or JSON format
Free sign-in required to download data
Full Stock Analysis
Deep dive into MCD consensus models and risk factors.
Should I Buy MCD?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MCD — Frequently Asked Questions
Quick answers to the most common questions about buying MCD stock.
What is MCD earnings per share (EPS)?
MCD trailing twelve-month (TTM) diluted EPS is $12.16, reflecting +4.9% year-over-year growth. The 5-year EPS CAGR is +13.6%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is McDonald's Corporation's net income?
McDonald's Corporation (MCD) trailing twelve-month net income is $8.7B as of 2025. Earnings grew +4.9% year-over-year. McDonald's Corporation has been profitable for 37 consecutive years.
Is MCD profitable?
Yes, MCD is profitable with a TTM net income of $8.7B and a net profit margin of +31.9%. McDonald's Corporation has generated profits for 37 consecutive years.
What is MCD's earnings growth rate?
MCD compound annual EPS growth rates (CAGR): 1-Year: +4.9%, 3-Year: +12.8%, 5-Year: +13.6%, 10-Year: +9.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are MCD's profit margins?
McDonald's Corporation net profit margin is +31.9%, operating margin is +46.1%, and gross margin is +57.4%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is N/A.
Is MCD growing earnings?
MCD earnings growth is slowing. Current YoY EPS growth of +4.9% trails the 5-year CAGR of +13.6%. TTM net income is $8.7B.
What was MCD's best earnings year?
McDonald's Corporation's highest annual net income on record is $8.6B, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were MCD's earnings last quarter?
MCD's most recent reported quarter was Q1 2026. Net income was $2.0B with diluted EPS of $2.78. For a full breakdown of all quarters, see the quarterly earnings table on this page.