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McDonald's MCD U.S. — CapEx

Other segment segments

International Operated Markets
$399M+23.9%
International Developmental Licensed Markets and Corporate
$9M+125%

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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$190.66B-11.5%
Enterprise value$244.37B+0.1%
P/E21.7×-4.0×
P/S6.9×-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:PaymentsToAcquirePropertyPlantAndEquipment.

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 Operated Markets1,5071,289
International Developmental Licensed Markets & Corporate6757
Total Operating income$2,953$2,648
U.S.$274$225
International Operated Markets399322
International Developmental Licensed Markets & Corporate94
Total Capital expenditures$682$551
U.S.$251$241

Item 1. Financial Statements

FAQ

What is McDonald's's U.S. — capex?
McDonald's (MCD) reported U.S. — capex of $274M in Q1 2026.
How has McDonald's's U.S. — capex changed year-over-year?
McDonald's's U.S. — capex increased by 21.8% year-over-year, from $225M to $274M.
What is the long-term trend for McDonald's's U.S. — capex?
Over 3 years (2021 to 2024), McDonald's's U.S. — capex has grown at a 3.9% compound annual growth rate (CAGR), from $940.7M to $1.06B.
What does U.S. — capex mean?
This metric represents the total cash outflows used by the business segment to acquire, upgrade, and maintain physical assets such as property, buildings, and equipment. For a restaurant operator, this primarily reflects investments in store remodeling, technology upgrades, and new site development within the specified geographic market. It serves as a key indicator of the company's commitment to long-term growth and asset quality in that region.

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