Income StatementBalance SheetCash FlowSegments
McDonald's logo

McDonald's Balance Sheet Statement

Assets, liabilities, and shareholders' equity

McDonald's holds $60.0B in total assets. Shareholders' equity is -$1.3B against $54.9B in total debt. Cash and equivalents total $1.2B. The current ratio is 1.14 and debt-to-equity is -42.68. Based on the Q1 2026 filing.

Total Assets$60.0BTotal Stockholders Equity-$1.3BLong Term Debt$40.1BCash And Equivalents$1.2BTotal Current Assets$4.7BTotal Current Liabilities$4.1B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$200.55B
P/E Ratio23.11
ROE-366.16%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.0B$882.0M$838.0M$972.0M$1.1B$1.1B
Accrued compensation$168.0M———$168.0M—
Accrued interest$482.0M$401.0M$451.0M$471.0M$533.0M$448.0M
Accrued payroll and other liabilities$1.1B$1.2B$1.5B$1.5B$1.5B$1.3B
Accrued Income Taxes, Current$361.0M$556.0M$24.0M$367.0M$250.0M$391.0M
Derivative Liabilities - Fair Value$41.0M$123.0M$300.0M$191.0M$145.0M$96.0M
Finance Lease Liability, Current$11.0M———$23.0M—
Finance Lease Liability Payment Due$3.0B———$4.1B—
Finance Lease Liability - Undiscounted Excess Amount$1.2B———$1.7B—
Lease Liability Payments - Due Year Five$96.0M———$127.0M—
Lease Liability Payments - Remainder of Fiscal Year$1.1B———$1.2B—
Lease Liability - Undiscounted Excess Amount$5.4B———$5.8B—
Operating lease liabilities, current$636.0M$663.0M$686.0M$698.0M$694.0M$707.0M
Expected Restructuring and Related Costs—————$250.0M
Short-Term Debt - Weighted-Average Interest Rate4.6%———4.2%—
Total current liabilities$3.9B$4.0B$4.3B$6.1B$4.4B$4.1B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$2.4B$2.4B$2.6B$2.6B$2.5B$2.4B
Cash and cash equivalents$1.1B$1.2B$1.9B$2.4B$774.0M$1.2B
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$1.1B———$774.0M—
Certificates of Deposit$451.0M———$228.0M—
Deferred Finance Costs, Current$152.0M———$157.0M—
Inventories$56.0M$51.0M$55.0M$55.0M$61.0M$61.0M
Operating Lease Income - 2022 (Lessor)$2.9B———$3.0B—
Prepaid expenses and other current assets$1.1B$1.1B$1.1B$1.0B$863.0M$1.0B
Short-term investments$451.0M———$228.0M—
Total current assets$4.6B$4.7B$5.6B$6.1B$4.2B$4.7B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)$413.0M———$421.0M—
Debt Maturity - 2027$3.4B———$3.0B—
Debt Maturity - Thereafter$22.6B———$25.1B—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$152.0M———$157.0M—
Net Deferred Tax Liabilities$437.0M———$25.0M—
Deferred Tax Liabilities - Right-of-Use Asset$3.2B———$3.5B—
Finance lease liabilities$1.8B———$2.3B—
Finance Lease Liabilities (Total)$1.8B———$2.4B—
Hedge Accounting Fair Value Adjustments-$40.0M———-$15.0M—
Long-term debt$38.4B$38.8B$40.8B$39.5B$40.0B$40.1B
Deferred income$778.0M$914.0M$933.0M$936.0M$945.0M$946.0M
Operating lease liabilities, non-current$12.9B$13.2B$13.8B$13.8B$14.1B$14.1B
Other non-current liabilities$771.0M$755.0M$790.0M$694.0M$704.0M$686.0M
Total Carrying Value of Debt$38.6B$38.9B$41.4B$41.3B$40.1B$40.1B
Unrecognized Tax Benefits - Impacting Effective Tax Rate$425.0M———$402.0M—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$17.0M———$18.0M—

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$9.3B$9.4B$9.5B$9.6B$9.6B$9.8B
Accumulated other comprehensive income (loss)-$2.6B-$2.6B-$2.4B-$2.4B-$2.4B-$2.4B
AOCI - Cash Flow Hedge Adjustment$119.0M$52.0M-$45.0M$2.0M$13.0M$37.0M
Common Stock Shares Outstanding$773.0M———$682.0M—
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$17.0M$17.0M$17.0M$17.0M$17.0M$17.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Treasury Stock, Value$77.4B$77.8B$78.3B$78.8B$79.3B$79.7B
Number of Exercisable Options$6.7M———$638.0M—
Retained earnings$66.8B$67.4B$68.4B$69.4B$70.3B$70.9B
Share-Based Payment - Nonvested Awards (Number)1.2M———1.2M—
Share-Based Payment Award Options Outstanding - Number9.5M———8.8M—
Share-Based Payment - Unrecognized Cost of Nonvested Awards$275.37———$295.22—
Shares Reserved for Future Issuance Under Stock Plans29.7M———27.8M—
Total liabilities and stockholders' equity$55.2B$56.3B$59.6B$60.6B$59.5B$60.0B
Total stockholders' equity-$3.8B-$3.5B-$2.8B-$2.2B-$1.8B-$1.3B
Weighted Average Exercise Price of Outstanding Options$208.72———$228.19—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding$770.0M$793.0M$828.0M$831.0M$484.0M$486.0M
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)$119.0M$52.0M-$45.0M$2.0M$13.0M$37.0M
Gross Assets/Liabilities$41.0M$123.0M$300.0M$191.0M$145.0M$96.0M
Line of Credit Interest Rate$0.0———$0.0—
Property and other taxes, including payroll————$247.0M$253.0M
Income taxes payable – long-term$344.0M$365.0M$292.0M$285.0M$139.0M$151.0M
Common stock, capital shares reserved for future issuance$29.7M———$27.8M—
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)3.5B3.5B3.5B3.5B3.5B3.5B
Common stock, shares issued (in shares)1.7B1.7B1.7B1.7B1.7B1.7B
Other Contractual Commitments$13.4B———$14.4B—
Contractual Obligation, to be Paid, Year Four$1.1B———$1.2B—
Contractual Obligation, to be Paid, Year Two$1.1B———$1.3B—
Contractual Obligation, to be Paid, Year Three$1.1B———$1.2B—
Long-term debt, gross$38.6B$38.9B$41.4B$41.3B$40.1B$40.1B
Debt instrument, collateral amount$21.0M$36.0M$191.0M$185.0M$79.0M$88.0M
Deferred Tax Liabilities, Gross$5.4B———$5.2B—
Deferred income taxes$1.9B$1.7B$1.4B$1.5B$1.0B$1.2B
Deferred Tax Assets, Gross$8.0B———$8.4B—
Deferred Tax Assets, Net$1.6B———$2.2B—
Deferred Tax Assets, Operating Loss Carryforwards$195.0M———$197.0M—
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration$762.0M———$764.0M—
Fixed assets$469.0M———$488.0M—
Compensation and benefits$168.0M———$168.0M—
Deferred Tax Assets, Valuation Allowance$917.0M———$960.0M—
Federal and state intangible assets$187.0M———$91.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$1.6B———$1.6B—
Derivative, gross, assets$334.0M$186.0M$107.0M$112.0M$131.0M$144.0M
Derivatives, gross, liabilities$41.0M$123.0M$300.0M$191.0M$145.0M$96.0M
Notional$770.0M$793.0M$828.0M$831.0M$484.0M$486.0M
Unrecognized compensation cost related to non-vested awards$187.0M———$198.0M—
Difference between equity method investment carrying value and book value—————$1.4B
Current maturities of long-term debt$11.0M———$23.0M—
Finance Lease Liability Payments Due$3.0B———$4.1B—
Finance Lease Liability Payments Due After Year Five$2.5B———$3.4B—
2027$91.0M———$120.0M—
Finance Lease Liability Payments Due Year Five$96.0M———$127.0M—
Finance Lease Liability Payments Due Year Four$95.0M———$125.0M—
Finance Lease Liability Payments Due Year Three$94.0M———$124.0M—
Finance Lease Liability Payments Due Year Two$93.0M———$123.0M—
Finance Lease Liability Undiscounted Excess Amount$1.2B———$1.7B—
Fair value of long-term debt$36.6B$37.2B$39.8B$40.2B$38.7B$38.2B
2028$2.4B———$3.2B—
2029$3.0B———$5.2B—
2029$3.4B———$3.0B—
2030$7.2B———$3.6B—
Thereafter$22.6B———$25.1B—
2027$0.0———$0.0—
Number of Restaurants43477.0043756.0044113.0044599.0045356.0045699.00
Operating Loss Carryforwards$819.0M———$878.0M—
Preferred Stock, Par or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Preferred Stock, Shares Authorized165M165M165M165M165M165M
Preferred Stock, Shares Issued000000
Restructuring Reserve$53.0M$73.0M$60.0M$50.0M$53.0M$55.0M
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value$275.4———$295.2—
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number$6.7M———$6.3M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$9.5M———$8.8M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$208.7———$228.2—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number$1.2M———$1.2M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$773.0M———$682.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price$184.3———$203.9—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value$706.0M———$638.0M—
Total assets—$56.3B——$59.5B$60.0B
Treasury stock, shares (in shares)945.4M945.6M947M948.5M950M950.2M
Amount that if recognized, would affect the effective tax rate or regulatory liability$425.0M———$402.0M—
Purchase Obligation$19.0B———$20.6B—
Sublease Income - Thereafter$16.4B———$17.5B—
Unrecorded Unconditional Purchase Obligation - Due After Year Five$13.4B———$14.4B—
Unrecorded Unconditional Purchase Obligation - Due Year Five$1.0B———$1.2B—
Weighted-Average Discount Rate4.0%———4.4%—
Weighted-Average Discount Rate - Finance Leases$0.0———$0.0—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Assets Acquired in Business Combination$70.0M—————
Capitalized Computer Software, Net$907.0M———$1.1B—
Deferred tax assets$3.5B$1.7B$1.4B$1.5B$3.3B$63.0M
Deferred Tax Assets and Other Non-Current Assets$3.5B$6.3B$6.5B$6.6B$3.3B$6.4B
Goodwill$3.1B$3.2B$3.3B$3.3B$3.4B$3.3B
Net Investment in Lease$29.6B$13.6B$14.3B$14.3B$31.5B$14.5B
Net Operating Loss Carryforwards$762.0M———$764.0M—
Capitalized software licenses$907.0M———$1.1B—
Fixtures And Equipment Gross$2.6B———$3.0B—
Investments$2.7B$2.8B$2.8B$2.9B$2.8B$2.9B
Operating lease right-of-use assets$13.3B$13.6B$14.3B$14.3B$14.6B$14.5B
Other non-current assets$6.1B$6.3B$6.5B$6.6B$6.3B$6.4B
Property, plant and equipment at cost$44.2B$45.3B$47.6B$48.2B$49.3B$49.5B
Property, Plant and Equipment, Other, Gross$434.0M———$459.0M—
Total Other Assets$12.0B$12.2B$12.6B$12.8B$12.5B$12.6B
Operating Lease Income - 2028 (Lessor)$2.5B———$2.7B—
Operating Lease Income - 2029 (Lessor)$2.4B———$2.5B—
Operating Lease Right-of-Use Assets in Other Assets$13.3B$13.6B$14.3B$14.3B$14.6B$14.5B
Accumulated depreciation$18.9B$19.5B$20.6B$20.7B$21.0B$21.2B
Buildings and improvements$20.5B———$22.2B—
Furniture, fixtures and equipment$2.6B———$3.0B—
Land$7.3B———$8.2B—
Leasehold improvements$13.4B———$15.5B—
Property and equipment, net$25.3B$25.7B$27.0B$27.5B$28.2B$28.2B
Software and Technology Licenses, Net$907.0M$6.3B$6.5B$6.6B$1.1B$6.4B
Tax Credit Carryforward Valuation Allowance$917.0M———$960.0M—
Total assets$55.2B$56.3B$59.6B$60.6B$59.5B$60.0B