What is McDonald's's deferred tax assets?

McDonald's (MCD) reported deferred tax assets of $63M in Q1 2026.

How has McDonald's's deferred tax assets changed year-over-year?

McDonald's's deferred tax assets decreased by 96.3% year-over-year, from $1.72B to $63M.

What is the long-term trend for McDonald's's deferred tax assets?

Over 5 years (2020 to 2025), McDonald's's deferred tax assets has grown at a 96.9% compound annual growth rate (CAGR), from $110.1M to $3.26B.

What does deferred tax assets mean?

Future tax benefits from temporary differences, net operating loss carryforwards, and tax credit carryforwards that will reduce future tax payments.

McDonald's MCD Deferred Tax Assets

Deferred Tax Assets at other companies

Wendy'sWEN

$288.49M+9.9%

Nathan's FamousNATH

$598K+17.3%

EAT

Brinker InternationalEAT

$76.9M-24.1%

StarbucksSBUX

$748M+4.2%

Domino's PizzaDPZ

$16.81M-35.7%

Restaurant Brands InternationalQSR

$1.08B-9.2%

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%

CapEx$682.0M+23.8%

Free cash flow$1.7B-7.8%

Valuation

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Market cap$192.31B-10.4%

Enterprise value$246.02B-8.4%

P/E22.2×-3.4×

P/S7×-1.2×

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:DeferredIncomeTaxExpenseBenefit.

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 deferred tax assets?: McDonald's (MCD) reported deferred tax assets of $63M in Q1 2026.
How has McDonald's's deferred tax assets changed year-over-year?: McDonald's's deferred tax assets decreased by 96.3% year-over-year, from $1.72B to $63M.
What is the long-term trend for McDonald's's deferred tax assets?: Over 5 years (2020 to 2025), McDonald's's deferred tax assets has grown at a 96.9% compound annual growth rate (CAGR), from $110.1M to $3.26B.
What does deferred tax assets mean?: Future tax benefits from temporary differences, net operating loss carryforwards, and tax credit carryforwards that will reduce future tax payments.