What is McDonald's's net operating loss carryforwards?

McDonald's (MCD) reported net operating loss carryforwards of $764.00M in Q4 2025.

What is the long-term trend for McDonald's's net operating loss carryforwards?

Over 3 years (2022 to 2025), McDonald's's net operating loss carryforwards has grown at a 63.6% compound annual growth rate (CAGR), from $174.60M to $764.00M.

What does net operating loss carryforwards mean?

Past losses that can be used to lower future tax bills.

Net Operating Loss Carryforwards

Non-Current Assets

McDonald's Net Operating Loss Carryforwards increased by 0.3% to $764.00M in Q4 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Net Operating Loss Carryforwards shows an upward trend with a 63.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryCapital Allocation

SignalHigher is better

VolatilityStable

First reportedQ4 2014

Last reportedQ4 2025

How to read this metric

An increase indicates higher potential future tax savings, though it may also reflect past periods of financial difficulty.

Detailed definition

These are tax assets representing losses that can be applied against future taxable income to reduce tax liabilities. Th...

Peer comparison

Standard across all sectors; large banks often have these due to historical cyclical downturns.

Metric ID: net_operating_loss_carryforwards

Historical Data

4 periods

	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$174.60M	$924.80M	$762.00M	$764.00M
QoQ Change	—	+429.7%	-17.6%	+0.3%
YoY Change	—	+429.7%	-17.6%	+0.3%

Range$174.60M – $924.80M

Avg YoY Growth+137.4%

Median YoY Growth+0.3%

Frequently Asked Questions

What is McDonald's's net operating loss carryforwards?: McDonald's (MCD) reported net operating loss carryforwards of $764.00M in Q4 2025.
What is the long-term trend for McDonald's's net operating loss carryforwards?: Over 3 years (2022 to 2025), McDonald's's net operating loss carryforwards has grown at a 63.6% compound annual growth rate (CAGR), from $174.60M to $764.00M.
What does net operating loss carryforwards mean?: Past losses that can be used to lower future tax bills.