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McDonald's MCD Deferred Revenue

Deferred Revenue at other companies

Wendy's logo
Wendy'sWEN
$9.05M+19.3%
Nathan's Famous logo
Nathan's FamousNATH
$179K-34.7%
EAT
Brinker InternationalEAT
$57M-4.2%
Starbucks logo
StarbucksSBUX
$5.63B-3.3%
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
$218.8M+5.9%
Restaurant Brands International logo
Restaurant Brands InternationalQSR
$27M0.0%

Other financials

Income statement

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Revenue$7.1B+3.7%
Gross profit$6.4B+3.7%
Operating income$3.3B+3.3%
Net income$2.4B+4.8%
EPS (diluted)$3.32+5.7%

Balance sheet

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Cash & equivalents$822.0M-56.2%
Total debt$54.6B-2.3%
Total equity-$1.0B+62.9%
Total assets$59.9B+0.6%

Cash flow

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Operating cash flow$2.8B+40.5%
CapEx$831.0M+11.7%
Free cash flow$2.0B+57.6%

Valuation

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Market cap$195.02B-10.2%
Enterprise value$248.79B-8.3%
P/E22.2×-3.7×
P/S-1.3×

Profitability

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Gross margin89.7%
Operating margin46.2%+0.4pp
Net margin31.7%-0.5pp
FCF margin28%+1.5pp

Returns & leverage

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Return on equity45.4%
Debt / equity6.5×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by McDonald's in its filing.

Tagged under the XBRL concept us-gaap:DeferredRevenueNoncurrent.

The source filing: McDonald's’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 12:52 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000063908-26-000073
In millions, except per share data(unaudited) / June 30,2026December 31,2025
Long-term debt39,86339,973
Long-term lease liability14,03914,147
Long-term income taxes176139
Deferred revenues - initial franchise fees946945
Other long-term liabilities677704
Deferred income taxes1,2221,038
Shareholders’ equity (deficit)
Preferred stock, no par value; authorized – 165.0 million shares; issued – none

Item 1. Financial Statements

FAQ

What is McDonald's's deferred revenue?
McDonald's (MCD) reported deferred revenue of $946M in Q2 2026.
How has McDonald's's deferred revenue changed year-over-year?
McDonald's's deferred revenue increased by 1.4% year-over-year, from $933M to $946M.
What is the long-term trend for McDonald's's deferred revenue?
Over 5 years (2020 to 2025), McDonald's's deferred revenue has grown at a 6.1% compound annual growth rate (CAGR), from $702M to $945M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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