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McDonald's MCD U.S. — D&A

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International Operated Markets
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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:DepreciationAndAmortization.

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
U.S.$274$225
International Operated Markets399322
International Developmental Licensed Markets & Corporate94
Total Capital expenditures$682$551
U.S.$251$241
International Operated Markets213182
International Developmental Licensed Markets & Corporate10298
Total Depreciation & amortization**$566$520

Item 1. Financial Statements

FAQ

What is McDonald's's U.S. — D&A?
McDonald's (MCD) reported U.S. — D&A of $251M in Q1 2026.
How has McDonald's's U.S. — D&A changed year-over-year?
McDonald's's U.S. — D&A increased by 4.1% year-over-year, from $241M to $251M.
What is the long-term trend for McDonald's's U.S. — D&A?
Over 3 years (2021 to 2024), McDonald's's U.S. — D&A has grown at a 5.2% compound annual growth rate (CAGR), from $840.7M to $980M.
What does U.S. — D&A mean?
This metric represents the non-cash accounting expense allocated to the systematic reduction in the value of tangible and intangible assets over their useful lives within the specific business segment. It reflects the wear and tear of restaurant facilities, kitchen equipment, and other capital investments as they contribute to revenue generation. Monitoring this helps investors understand the underlying asset intensity and the recurring cost of maintaining the segment's operational capacity.

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