What is McDonald's's U.S. — operating income (loss)?

McDonald's (MCD) reported U.S. — operating income (loss) of $1.38B in Q1 2026.

How has McDonald's's U.S. — operating income (loss) changed year-over-year?

McDonald's's U.S. — operating income (loss) increased by 6.0% year-over-year, from $1.3B to $1.38B.

What does U.S. — operating income (loss) mean?

The profit earned from U.S. operations after deducting all direct operating expenses and allocated overheads from total revenues. It is the primary measure of the segment's ability to generate profit from its core business model.

McDonald's (MCD) U.S. — Operating Income (Loss)

Screener

Other segment segments

International Operated Markets

$1.51B+16.9%

International Developmental Licensed Markets and Corporate

$67M+17.5%

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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/S7×-1.4×

Profitability

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Operating margin46.2%+0.4pp

Net margin31.7%-0.5pp

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:OperatingIncomeLoss.

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 millions	Quarters Ended / March 31, 2026	Quarters Ended / March 31, 2025
International Operated Markets	23	42
International Developmental Licensed Markets & Corporate	3	20
Total Other segment items*	$97	$147
U.S.	$1,380	$1,302
International Operated Markets	1,507	1,289
International Developmental Licensed Markets & Corporate	67	57
Total Operating income	$2,953	$2,648
U.S.	$274	$225

Item 1. Financial Statements

FAQ

What is McDonald's's U.S. — operating income (loss)?: McDonald's (MCD) reported U.S. — operating income (loss) of $1.38B in Q1 2026.
How has McDonald's's U.S. — operating income (loss) changed year-over-year?: McDonald's's U.S. — operating income (loss) increased by 6.0% year-over-year, from $1.3B to $1.38B.
What does U.S. — operating income (loss) mean?: The profit earned from U.S. operations after deducting all direct operating expenses and allocated overheads from total revenues. It is the primary measure of the segment's ability to generate profit from its core business model.