What is McDonald's's operating income?

McDonald's (MCD) reported operating income of $2.95B in Q1 2026.

How has McDonald's's operating income changed year-over-year?

McDonald's's operating income increased by 11.5% year-over-year, from $2.65B to $2.95B.

What is the long-term trend for McDonald's's operating income?

Over 4 years (2021 to 2025), McDonald's's operating income has grown at a 4.6% compound annual growth rate (CAGR), from $10.36B to $12.39B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

McDonald's MCD Operating Income

Operating Income at other companies

Wendy'sWEN

$64.92M-21.9%

Nathan's FamousNATH

$4.68M-26.5%

EAT

Brinker InternationalEAT

$166.6M+6.2%

StarbucksSBUX

$828.1M+37.8%

Yum! BrandsYUM

$644M+17.5%

Domino's PizzaDPZ

$230.36M+9.6%

Segments

By segment

See full

International Operated Markets$1.51B+16.9%

U.S.$1.38B+6.0%

International Developmental Licensed Markets and Corporate$67M+17.5%

Other financials

Income statement

See full

Revenue$6.5B+9.4%

Gross profit$5.8B+9.5%

Net income$2.0B+6.2%

EPS (diluted)$2.78+6.9%

Balance sheet

See full

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

See full

Operating cash flow$2.4B-0.7%

CapEx$682.0M+23.8%

Free cash flow$1.7B-7.8%

Valuation

See full

Market cap$187.96B-8.0%

Enterprise value$241.67B-6.5%

P/E21.7×-2.7×

P/S6.9×-1.0×

Profitability

See full

Gross margin86.6%—

Operating margin46.3%+1.0pp

Net margin31.6%-0.1pp

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 official record: McDonald's’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McDonald's's operating income?: McDonald's (MCD) reported operating income of $2.95B in Q1 2026.
How has McDonald's's operating income changed year-over-year?: McDonald's's operating income increased by 11.5% year-over-year, from $2.65B to $2.95B.
What is the long-term trend for McDonald's's operating income?: Over 4 years (2021 to 2025), McDonald's's operating income has grown at a 4.6% compound annual growth rate (CAGR), from $10.36B to $12.39B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.