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McDonald's MCD Q1 2025 earnings

Reported May 1, 2025 · Before market open

Revenue estimate$6.1B
EPS estimate$2.66

Next report

Aug 5, 2026 (in a month)
Revenue estimate$7.1B
EPS estimate$3.34

Financials

Q1 2025

Income statement

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Revenue$6.0B-3.5%
Gross profit$5.3B-3.7%
Operating income$2.6B-3.2%
Net income$1.9B-3.2%
EPS (diluted)$2.60-2.3%

Balance sheet

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Cash & equivalents$1.2B+47.7%
Total debt$52.8B+3.7%
Total equity-$3.5B+28.5%
Total assets$56.3B+5.3%

Cash flow

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Operating cash flow$2.4B+1.6%
CapEx$551.0M+0.7%
Free cash flow$1.9B+1.8%

Valuation & ratios

Q1 2025

Valuation

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Market cap$223.18B+9.0%
Enterprise value$274.7B+7.8%
P/E27.3×+3.5×
P/S8.7×+0.7×

Profitability

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Operating margin45.2%-0.8pp
Net margin31.7%-1.6pp
FCF margin26.1%-1.8pp

Returns & leverage

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Current ratio1.2×+0.4×

Segments

By segment

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International Operated Markets$2.9B-2.4%
U.S.$2.5B-2.6%
International Developmental Licensed Markets and Corporate$546.0M-12.1%

Versus estimates

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Questions, answered.

When did McDonald's report Q1 2025 earnings?
McDonald's (MCD) reported Q1 2025 earnings on May 1, 2025 before market open.
What were McDonald's's Q1 2025 revenue and EPS?
McDonald's reported revenue of $6.0B and diluted EPS of $2.67 for Q1 2025.
Did McDonald's beat estimates in Q1 2025?
Revenue missed the consensus estimate of $6.1B by $146.1M. EPS beat the consensus estimate of $2.66 by $0.01.
How did McDonald's's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.5% from $6.2B a year earlier and diluted EPS declined 1.1% from $2.70.
Where can I find McDonald's's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000063908-25-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.