What is McDonald's's long-term debt?

McDonald's (MCD) reported long-term debt of $40.11B in Q1 2026.

How has McDonald's's long-term debt changed year-over-year?

McDonald's's long-term debt increased by 3.2% year-over-year, from $38.85B to $40.11B.

What is the long-term trend for McDonald's's long-term debt?

Over 5 years (2020 to 2025), McDonald's's long-term debt has grown at a 2.6% compound annual growth rate (CAGR), from $35.2B to $39.97B.

What does long-term debt mean?

Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

McDonald's MCD Long-Term Debt

Long-Term Debt at other companies

Wendy'sWEN

$2.72B+2.6%

Nathan's FamousNATH

$45.74M-4.8%

EAT

Brinker InternationalEAT

$451.6M-17.4%

StarbucksSBUX

$11.78B-19.2%

Domino's PizzaDPZ

$4.88B+27.5%

Restaurant Brands InternationalQSR

$13.23B-1.6%

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$193.98B-10.4%

Enterprise value$247.69B-8.4%

P/E22.4×-3.4×

P/S7.1×-1.2×

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:LongTermDebtNoncurrent.

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 long-term debt?: McDonald's (MCD) reported long-term debt of $40.11B in Q1 2026.
How has McDonald's's long-term debt changed year-over-year?: McDonald's's long-term debt increased by 3.2% year-over-year, from $38.85B to $40.11B.
What is the long-term trend for McDonald's's long-term debt?: Over 5 years (2020 to 2025), McDonald's's long-term debt has grown at a 2.6% compound annual growth rate (CAGR), from $35.2B to $39.97B.
What does long-term debt mean?: Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.