Income StatementBalance SheetCash FlowSegments
McDonald's logo

McDonald's Cash Flow Statement

Operating, investing, and financing cash movements

McDonald's generated $10.5B in operating cash flow over the trailing twelve months. After $3.5B in capital expenditures, free cash flow was $7.0B. Free cash flow increased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$10.5BNet Cash From Investing (TTM)-$3.8BNet Cash From Financing (TTM)-$6.8BCapital Expenditures (TTM)$3.5BDepreciation And Amortization Cf (TTM)$2.2BNet Change In Cash (TTM)-$68.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$200.55B
P/E Ratio23.11
ROE-366.16%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Other non-cash income (expense)-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Change in accounts payable-$2.5M$25.0M$25.0M$25.0M$25.0M—
Change in accrued liabilities-$54.3M$38.5M$38.5M$38.5M$38.5M—
Change in income taxes payable/receivable-$73.0M-$59.8M-$59.8M-$59.8M-$59.8M—
Change in receivables-$2.5M-$57.8M-$57.8M-$57.8M-$57.8M—
Deferred income taxes-$73.0M-$44.0M-$41.0M$35.0M-$77.0M$63.0M
Depreciation and amortization$553.0M$520.0M$544.0M$559.0M$576.0M$566.0M
Other Non-Cash Income (Expense)-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Other Non-cash Income (Expense)-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Other Non-cash Income (Expense)-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Net cash from operating activities$2.6B$2.4B$2.0B$3.4B$2.7B$2.4B
Net income$2.0B$1.9B$2.3B$2.3B$2.2B$2.0B
Other non-cash income (expense)-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital—-$111.0M$731.0M-$570.0M—$168.0M
Accrued liabilities-$54.3M$38.5M$38.5M$38.5M$38.5M—
Other Noncash Income (Expense)-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Other Non-cash Income and Expense-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Other Non-Cash Adjustments-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Other Non-Cash Income and Expense-$51.0M$73.0M$71.0M$53.0M$10.0M$92.0M
Stock-based compensation$44.0M$45.0M$44.0M$39.0M$37.0M$60.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$807.0M$551.0M$744.0M$1.0B$1.1B$682.0M
Proceeds from Sale of Other Productive Assets$155.0M$49.0M$34.0M$102.0M$161.0M$72.0M
Payment for (Proceeds from) Other Investing Activity$106.0M$200.0M$114.0M$116.0M$149.0M$122.0M
Payments to Acquire Equity Method Investments$0.0$0.0$0.0$0.0$0.0—
Proceeds from sale of assets$155.0M$49.0M$34.0M$102.0M$161.0M$72.0M
Proceeds from disposals of property, plant and equipment$90.0M$5.0M$11.0M$22.0M$92.0M$34.0M
Payments to Acquire Other Productive Assets$74.0M$75.0M$56.0M$109.0M$114.0M$79.0M
Proceeds from Sale of Other Productive Assets$155.0M$49.0M$34.0M$102.0M$161.0M$72.0M
Net cash from investing activities-$742.0M-$771.0M-$869.0M-$1.1B-$1.1B-$777.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$649.0M$1.5B$1.4B$1.8B$0.0$1.2B
Repayments of debt$992.0M$693.0M$700.0M$1.3B$2.2B$1.0M
Dividends paid$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B
Other, net-$30.0M$40.0M-$126.0M-$35.0M-$46.0M-$2.0M
Proceeds from (Repayments of) Short-Term Debt$193.0M-$792.0M$597.0M-$599.0M$800.0M-$791.0M
Payment of Deferred Purchase Consideration-$30.0M$40.0M-$126.0M-$35.0M-$46.0M-$2.0M
Noncontrolling interest transactions and other-$30.0M$40.0M-$126.0M-$35.0M-$46.0M-$2.0M
Net cash from financing activities-$1.9B-$1.5B-$555.0M-$1.8B-$3.2B-$1.2B
Noncontrolling Interests Activity and Other-$30.0M$40.0M-$126.0M-$35.0M-$46.0M-$2.0M
Proceeds from issuance of common stock$75.0M$147.0M$41.0M$29.0M$69.0M$128.0M
Repurchases of common stock$503.0M$477.0M$505.0M$501.0M$573.0M$396.0M
Net Change in Short-term Borrowings and Indebtedness to Subsidiaries$193.0M-$792.0M$597.0M-$599.0M$800.0M-$791.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.8B$1.9B$1.3B$2.4B$1.6B$1.7B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$148.0M$39.0M$65.0M$6.0M—-$14.0M
Net increase (decrease) in cash-$136.0M$153.0M$638.0M$537.0M-$1.6B$396.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$743.5M—————
Interest paid$380.8M$388.8M$388.8M$388.8M$388.8M—