What is McDonald's's change in income taxes?

McDonald's (MCD) reported change in income taxes of -$59.75M in Q4 2025.

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

McDonald's's change in income taxes increased by 18.2% year-over-year, from -$73M to -$59.75M.

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

Over 4 years (2021 to 2025), McDonald's's change in income taxes has grown at a -5.7% compound annual growth rate (CAGR), from -$302.5M to -$239M.

What does change in income taxes mean?

Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.

McDonald's MCD Change in Income Taxes

Change in Income Taxes at other companies

EAT

Brinker InternationalEAT

-$1.4M+62.2%

StarbucksSBUX

-$61.3M—

Yum! BrandsYUM

-$19M-733%

Yum China HoldingsYUMC

$68M+11.5%

El Pollo LocoLOCO

$2.03M-52.1%

Chipotle Mexican GrillCMG

——

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-2.4%

Enterprise value$245.77B-2.0%

P/E22.1×-1.3×

P/S7×-0.6×

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:IncreaseDecreaseInAccruedIncomeTaxesPayable.

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 income taxes?: McDonald's (MCD) reported change in income taxes of -$59.75M in Q4 2025.
How has McDonald's's change in income taxes changed year-over-year?: McDonald's's change in income taxes increased by 18.2% year-over-year, from -$73M to -$59.75M.
What is the long-term trend for McDonald's's change in income taxes?: Over 4 years (2021 to 2025), McDonald's's change in income taxes has grown at a -5.7% compound annual growth rate (CAGR), from -$302.5M to -$239M.
What does change in income taxes mean?: Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.