What is McDonald's's purchase obligation?

McDonald's (MCD) reported purchase obligation of $20.63B in Q4 2025.

What is the long-term trend for McDonald's's purchase obligation?

Over 2 years (2023 to 2025), McDonald's's purchase obligation has grown at a 1.9% compound annual growth rate (CAGR), from $19.88B to $20.63B.

What does purchase obligation mean?

Future financial commitments to buy goods or services that cannot be canceled.

Discontinued — last reported Q3 '20

Purchase Obligation

Other

McDonald's Purchase Obligation increased by 8.8% to $20.63B in Q4 2025 compared to the prior quarter. Over 2 years (FY 2023 to FY 2025), Purchase Obligation shows relatively stable performance with a 1.9% CAGR.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryRisk

SignalContext dependent

VolatilityModerate

First reportedQ1 2018

Last reportedQ3 2020

How to read this metric

High obligations indicate strong future operational commitments, which can be a risk if demand drops.

Detailed definition

These are legally binding, non-cancelable commitments to purchase goods or services in the future. They represent future...

Peer comparison

Common in manufacturing and aerospace where long-lead time components require multi-year procurement contracts.

Metric ID: purchase_obligation

Historical Data

3 periods

	Q4 '23	Q4 '24	Q4 '25
Value	$19.88B	$18.96B	$20.63B
QoQ Change	—	-4.6%	+8.8%
YoY Change	—	-4.6%	+8.8%

Range$18.96B – $20.63B

Avg YoY Growth+2.1%

Median YoY Growth+2.1%

Frequently Asked Questions

What is McDonald's's purchase obligation?: McDonald's (MCD) reported purchase obligation of $20.63B in Q4 2025.
What is the long-term trend for McDonald's's purchase obligation?: Over 2 years (2023 to 2025), McDonald's's purchase obligation has grown at a 1.9% compound annual growth rate (CAGR), from $19.88B to $20.63B.
What does purchase obligation mean?: Future financial commitments to buy goods or services that cannot be canceled.