What is McDonald's's change in AP?

McDonald's (MCD) reported change in AP of $25M in Q4 2025.

How has McDonald's's change in AP changed year-over-year?

McDonald's's change in AP increased by 1100.0% year-over-year, from -$2.5M to $25M.

What is the long-term trend for McDonald's's change in AP?

Over 4 years (2021 to 2025), McDonald's's change in AP has grown at a -18.4% compound annual growth rate (CAGR), from $225M to $100M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

McDonald's MCD Change in AP

Change in AP at other companies

Nathan's FamousNATH

$2.83M—

EAT

Brinker InternationalEAT

$22.8M+944%

StarbucksSBUX

-$2.4M-102%

Yum! BrandsYUM

-$75M-134%

Chipotle Mexican GrillCMG

$22.68M+71.7%

Domino's PizzaDPZ

$13.41M+625%

Other financials

Income statement

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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

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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

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Operating cash flow$2.4B-0.7%

CapEx$682.0M+23.8%

Free cash flow$1.7B-7.8%

Valuation

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Market cap$192.06B-6.0%

Enterprise value$245.77B-4.8%

P/E22.1×-2.2×

P/S7×-0.8×

Profitability

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Gross margin86.6%—

Operating margin46.3%+1.0pp

Net margin31.6%-0.1pp

FCF margin25.6%-0.4pp

Returns & leverage

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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:IncreaseDecreaseInAccountsPayable.

The official record: McDonald's’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McDonald's's change in AP?: McDonald's (MCD) reported change in AP of $25M in Q4 2025.
How has McDonald's's change in AP changed year-over-year?: McDonald's's change in AP increased by 1100.0% year-over-year, from -$2.5M to $25M.
What is the long-term trend for McDonald's's change in AP?: Over 4 years (2021 to 2025), McDonald's's change in AP has grown at a -18.4% compound annual growth rate (CAGR), from $225M to $100M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.