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McDonald's MCD U.S. — Selling, general & administrative expenses

Other segment segments

International Developmental Licensed Markets and Corporate
$431M+14.0%
International Operated Markets
$187M+16.1%

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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 Operated Markets1,2551,123
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

Item 1. Financial Statements

FAQ

What is McDonald's's U.S. — selling, general & administrative expenses?
McDonald's (MCD) reported U.S. — selling, general & administrative expenses of $140M in Q1 2026.
How has McDonald's's U.S. — selling, general & administrative expenses changed year-over-year?
McDonald's's U.S. — selling, general & administrative expenses decreased by 2.1% year-over-year, from $143M to $140M.
What is the long-term trend for McDonald's's U.S. — selling, general & administrative expenses?
Over 2 years (2022 to 2024), McDonald's's U.S. — selling, general & administrative expenses has grown at a -2.8% compound annual growth rate (CAGR), from $692M to $654M.
What does U.S. — selling, general & administrative expenses mean?
Covers the overhead costs required to support the U.S. business, including corporate salaries, marketing, and administrative functions. It represents the fixed cost base necessary to manage the regional franchise and company-operated network.

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