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McDonald's MCD International Operated Markets — Selling, general & administrative expenses

Other segment segments

International Developmental Licensed Markets and Corporate
$431M+14.0%
U.S.
$140M-2.1%

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Other financials

Income statement

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Revenue$7.1B+3.7%
Gross profit$5.8B+9.5%
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$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$194.68B-11.5%
Enterprise value$248.39B+0.1%
P/E22.2×-4.1×
P/S-1.4×

Profitability

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Operating margin46.2%+0.4pp
Net margin31.7%-0.5pp
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:SellingGeneralAndAdministrativeExpense.

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

Filed
May 7, 2026, 2:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000063908-26-000051
In millionsQuarters Ended / March 31, 2026Quarters Ended / March 31, 2025
International Developmental Licensed Markets & Corporate10791
Total Company-operated restaurant expenses$2,032$1,859
U.S.$140$143
International Operated Markets187161
International Developmental Licensed Markets & Corporate431378
Total Selling, general, & administrative expenses$759$682
U.S.$71$85
International Operated Markets2342

Item 1. Financial Statements

FAQ

What is McDonald's's international operated markets — selling, general & administrative expenses?
McDonald's (MCD) reported international operated markets — selling, general & administrative expenses of $187M in Q1 2026.
How has McDonald's's international operated markets — selling, general & administrative expenses changed year-over-year?
McDonald's's international operated markets — selling, general & administrative expenses increased by 16.1% year-over-year, from $161M to $187M.
What is the long-term trend for McDonald's's international operated markets — selling, general & administrative expenses?
Over 2 years (2022 to 2024), McDonald's's international operated markets — selling, general & administrative expenses has grown at a 0.2% compound annual growth rate (CAGR), from $629M to $631M.
What does international operated markets — selling, general & administrative expenses mean?
Overhead costs allocated to the international segment, including management salaries, marketing, and administrative support. These costs represent the corporate infrastructure required to support international operations.

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