Investing
CapEx
McDonald's CapEx decreased by 35.6% to $682.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.8%, from $551.00M to $682.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 13.3% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $482.60M | $501.50M | $687.20M | $401.20M | $437.90M | $531.20M | $528.70M | $503.00M | $526.00M | $570.00M | $758.00M | $547.00M | $628.00M | $794.00M | $806.00M | $551.00M | $744.00M | $1.01B | $1.06B | $682.00M |
| QoQ Change | — | +3.9% | +37.0% | -41.6% | +9.1% | +21.3% | -0.5% | -4.9% | +4.6% | +8.4% | +33.0% | -27.8% | +14.8% | +26.4% | +1.5% | -31.6% | +35.0% | +35.9% | +4.7% | -35.6% |
| YoY Change | — | — | — | — | -9.3% | +5.9% | -23.1% | +25.4% | +20.1% | +7.3% | +43.4% | +8.7% | +19.4% | +39.3% | +6.3% | +0.7% | +18.5% | +27.3% | +31.4% | +23.8% |
Range$401.20M – $1.06B
CAGR+7.6%
Avg YoY Growth+15.3%
Median YoY Growth+18.9%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| International Developmental Licensed Markets and Corporate | $628.00M | $794.00M | $806.00M | $551.00M | $744.00M | $1.01B | $1.06B | $682.00M |
| International Operated Markets | $628.00M | $794.00M | $806.00M | $551.00M | $744.00M | $1.01B | $1.06B | $682.00M |
| U.S. | $628.00M | $794.00M | $806.00M | $551.00M | $744.00M | $1.01B | $1.06B | $682.00M |
| Total | $628.00M | $794.00M | $806.00M | $551.00M | $744.00M | $1.01B | $1.06B | $682.00M |
CapEx at Other Companies
Frequently Asked Questions
- What is McDonald's's capex?
- McDonald's (MCD) reported capex of $682.00M in Q1 2026.
- How has McDonald's's capex changed year-over-year?
- McDonald's's capex increased by 23.8% year-over-year, from $551.00M to $682.00M.
- What is the long-term trend for McDonald's's capex?
- Over 4 years (2021 to 2025), McDonald's's capex has grown at a 13.3% compound annual growth rate (CAGR), from $2.04B to $3.37B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.