Discontinued — last reported Q3 '19
Non-Current Liabilities
Operating Lease Liabilities
McDonald's Operating Lease Liabilities decreased by 126.1% to -$3.62B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 9.8%, from -$3.29B to -$3.62B. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities shows a downward trend with a -23.0% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2019
How to read this metric
An increase reflects long-term expansion of the leased asset base, while a decrease indicates a reduction in long-term lease commitments.
Detailed definition
This represents the portion of operating lease obligations that are due beyond the next twelve months. It reflects the l...
Peer comparison
Standard long-term liability for companies with significant real estate or equipment footprints.
Metric ID:
operating_lease_liabilities_non_currentHistorical Data
18 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $13.12B | $12.99B | -$3.52B | $12.87B | $12.32B | $11.77B | -$3.10B | $12.12B | $12.07B | -$3.38B | $12.83B | $12.82B | $13.16B | -$3.29B | $13.18B | $13.78B | $13.84B | -$3.62B |
| QoQ Change | — | -1.0% | -127.1% | +466.0% | -4.3% | -4.5% | -126.3% | +491.1% | -0.4% | -128.0% | +479.1% | -0.1% | +2.6% | -125.0% | +500.2% | +4.6% | +0.4% | -126.1% |
| YoY Change | — | — | — | — | -6.1% | -9.4% | +11.9% | -5.8% | -2.0% | -9.2% | +5.8% | +6.2% | — | +2.7% | +2.7% | +7.5% | +5.2% | -9.8% |
Range-$3.62B – $13.84B
CAGR-26.2%
Avg YoY Growth-0.0%
Median YoY Growth+2.7%
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is McDonald's's operating lease liabilities?
- McDonald's (MCD) reported operating lease liabilities of -$3.62B in Q4 2025.
- How has McDonald's's operating lease liabilities changed year-over-year?
- McDonald's's operating lease liabilities decreased by 9.8% year-over-year, from -$3.29B to -$3.62B.
- What is the long-term trend for McDonald's's operating lease liabilities?
- Over 5 years (2020 to 2025), McDonald's's operating lease liabilities has grown at a -23.0% compound annual growth rate (CAGR), from $13.32B to -$3.62B.
- What does operating lease liabilities mean?
- The amount of lease payments due after one year.