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McDonald's MCD Leasehold improvements
Leasehold improvements at other companies
Other financials
Where this comes from
Reported directly by McDonald's in its filing.
Tagged under the XBRL concept mcd:BuildingsAndImprovementsOnLeasedLandGross.
The source filing: McDonald's’s 10-K, filed February 24, 2026.
- Filed
- Feb 24, 2026, 11:12 AM EST
- Fiscal year
- FY2025
- Accession
- 0000063908-26-000035
| In millions | 'December 31, 2025 | 2024 |
|---|---|---|
| Land | $8,169 | $7,253 |
| Buildings and improvements on owned land | 22,202 | 20,487 |
| Buildings and improvements on leased land | 15,506 | 13,417 |
| Equipment, signs and seating | 2,954 | 2,586 |
| Other | 459 | 434 |
| Property and equipment, at cost | 49,290 | 44,177 |
| Accumulated depreciation and amortization | (21,049) | (18,882) |
| Net property and equipment | $28,241 | $25,295 |
Cover / Front Matter
FAQ
- What is McDonald's's leasehold improvements?
- McDonald's (MCD) reported leasehold improvements of $15.51B in Q4 2025.
- How has McDonald's's leasehold improvements changed year-over-year?
- McDonald's's leasehold improvements increased by 15.6% year-over-year, from $13.42B to $15.51B.
- What is the long-term trend for McDonald's's leasehold improvements?
- Over 5 years (2020 to 2025), McDonald's's leasehold improvements has grown at a 3.0% compound annual growth rate (CAGR), from $13.36B to $15.51B.
- What does leasehold improvements mean?
- This represents the capitalized costs of alterations and improvements made to leased restaurant properties or office spaces. These assets are amortized over the shorter of the lease term or the useful life of the improvement, reflecting the company's investment in its physical footprint. It is a key indicator of capital expenditure intensity required to maintain or upgrade leased locations.
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