What is McDonald's's capex?

McDonald's (MCD) reported capex of $682M 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 $551M to $682M.

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?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

McDonald's MCD CapEx

CapEx at other companies

Wendy'sWEN

$11.88M-32.8%

Nathan's FamousNATH

$38K-29.6%

EAT

Brinker InternationalEAT

$51.2M-35.7%

StarbucksSBUX

$272.7M-53.7%

Yum! BrandsYUM

$75M+5.6%

Chipotle Mexican GrillCMG

$180.33M+24.5%

Segments

By segment

See full

International Operated Markets$399M+23.9%

U.S.$274M+21.8%

International Developmental Licensed Markets and Corporate$9M+125%

Other financials

Income statement

See full

Revenue$6.5B+9.4%

Gross profit$5.8B+9.5%

Operating income$3.0B+11.5%

Net income$2.0B+6.2%

EPS (diluted)$2.78+6.9%

Balance sheet

See full

Cash & equivalents$1.2B-5.5%

Total debt$54.9B+4.0%

Total equity-$1.3B+62.8%

Total assets$60.0B+6.6%

Cash flow

See full

Operating cash flow$2.4B-0.7%

Free cash flow$1.7B-7.8%

Valuation

See full

Market cap$187.96B-8.0%

Enterprise value$241.67B-6.5%

P/E21.7×-2.7×

P/S6.9×-1.0×

Profitability

See full

Gross margin86.6%—

Operating margin46.3%+1.0pp

Net margin31.6%-0.1pp

FCF margin25.6%-0.4pp

Returns & leverage

See full

Return on equity45.4%—

Debt / equity6.5×—

Current ratio1.1×0.0×

Where this comes from

Reported directly by McDonald's in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: McDonald's’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McDonald's's capex?: McDonald's (MCD) reported capex of $682M 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 $551M to $682M.
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?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.