Income StatementBalance SheetCash FlowSegments
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McDonald's Business Segments

Business, geographic, and product segment breakdowns

McDonald's generates $27.4B in annual revenue across 3 key segments: International Developmental Licensed Marketsand Corporate (-), International Operated Markets ($70.0M), and U.S. (-$1.0M). The company-wide operating margin is 46.27%. Based on the Q1 2026 filing.

International Developmental Licensed Marketsand Corporate (TTM)-International Operated Markets (TTM)$70.0MU.S. (TTM)-$1.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$200.55B
P/E Ratio23.11
ROE-366.16%

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign currency bank line borrowings$5.0M———$4.0M—

Business Segments

Franchised restaurants occupancy expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.—$319.0M———$323.0M
International Developmental Licensed Markets and Corporate—$0.0———$0.0

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Operated Markets$23.5B———$27.5B$27.6B
U.S.————$23.0B$23.0B
International Developmental Licensed Markets and Corporate————$9.0B$9.5B
International Developmental Licensed Marketsand Corporate$9.1B———$9.0B—
U.S.$22.5B———$23.0B—

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Operated Markets$415.3M$322.0M———$399.0M
U.S.$263.8M$225.0M———$274.0M
International Developmental Licensed Markets and Corporate$14.5M$4.0M———$9.0M

Company operated restaurants expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Operated Markets$1.2B$1.1B———$1.3B
U.S.$695.0M$645.0M———$669.0M
International Developmental Licensed Markets and Corporate$197.5M$91.0M———$107.0M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.$245.0M$241.0M———$251.0M
International Operated Markets$182.5M$182.0M———$213.0M
International Developmental Licensed Markets and Corporate$96.8M$98.0M———$102.0M

Franchised restaurants-occupancy expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Operated Markets$307.8M$301.0M———$353.0M
International Developmental Licensed Markets & Corporate$2.8M$250.0K$250.0K$250.0K$250.0K—
U.S.$323.5M$323.3M$323.3M$323.3M$323.3M—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Developmental Licensed Marketsand Corporate$162.0M———$185.0M—
International Operated Markets$1.1B———$1.3B—
U.S.$1.9B———$1.9B—

Goodwill, Foreign Currency Translation, Gain (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Developmental Licensed Marketsand Corporate-$1.0M-$5.8M-$5.8M-$5.8M-$5.8M—
International Operated Markets$19.5M-$29.3M-$29.3M-$29.3M-$29.3M—
U.S.$0.0$0.0$0.0$0.0$0.0—

Net restaurant purchases (sales)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Developmental Licensed Marketsand Corporate$39.5M$0.0$0.0$0.0$0.0—
International Operated Markets$750.0K$17.5M$17.5M$17.5M$17.5M—
U.S.$4.5M-$250.0K-$250.0K-$250.0K-$250.0K—

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Operated Markets$1.5B$1.3B———$1.5B
U.S.—$1.3B———$1.4B
International Developmental Licensed Markets and Corporate$48.0M$57.0M———$67.0M

Restructuring and Related Cost, Incurred Cost

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Developmental Licensed Markets and Corporate$54.5M$50.3M$50.3M$50.3M$50.3M$46.0M
International Operated Markets$500.0K$6.3M$6.3M$6.3M$6.3M$1.0M

Selling, general & administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Developmental Licensed Markets and Corporate$393.3M$378.0M———$431.0M
International Operated Markets$157.8M$161.0M———$187.0M
U.S.$163.5M$143.0M———$140.0M

Total Other Segment Items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.$42.5M$85.0M———$71.0M
International Operated Markets$13.8M$42.0M———$23.0M
International Developmental Licensed Markets and Corporate$63.5M$20.0M———$3.0M

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International Operated Markets$3.2B$2.9B———$3.3B
U.S.—$2.5B———$2.6B
International Developmental Licensed Markets and Corporate$569.0M$546.0M———$610.0M