Market capitalisation
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Share price multiplied by shares outstanding. It does not measure company cash.
Company analysis·MCD
Preparing the analysis
We’re preparing the company’s analysis.
NYSE·MCD
McDonald's Corporation
Share price$278.57Price as of: Nov 9, 2026
McDonald's Corporation (MCD) is a company listed on NYSE, classified under Restaurants.
McDonald's operates and licenses a global fast-food chain offering a diverse menu of burgers, chicken, breakfast, and desserts.
Revenue · FY 2025
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Sales generated during the period, before costs and expenses.
Net margin · FY 2025
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Net income as a proportion of revenue.
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
P1 · What does it do and how does it make money?
Of every $100 it takes in,51 come from High-Growth Markets.
High-Growth Markets is its largest source of revenue (50.7%), followed by UNITED STATES (40.3%). Here you will see what it sells, where, and how that mix is changing.
$27bnrevenue in FY 2025
3business lines with data
51%of sales, in International Operated Markets
Full fiscal year ended Dec 31, 2025
After that close
Q3 2026, ended Sep 30, 2026: total revenue +1.1% against the same quarter a year earlier.
This is the revenue of the whole company. The split by lines and regions on this page is still that of the full fiscal year.01How it makes money
The data does not separate products from services.
Not all revenue behaves the same way. A one-off sale depends on someone buying again; a service is billed again and again while the customer stays.
Its business lines · FY 2025
02Where revenue comes from
A single line brings in half or more.
Each rectangle is a business line and its size is the share of revenue it brings in. Select one to see the detail.
Area = share of total revenue for the year. It does not show profit: the company does not report what each line earns.
What is a segment's weight?
The part of everything the company takes in that comes from that line. If a line weighs 49%, then of every 100 in sales, 49 come from it.
How to read it
The more a line weighs, the more revenue depends on it. A high weight is neither good nor bad by itself: it shows where to look first.
03Where sales come from
It depends on one main market.
International Operated Markets is its largest market, with 50.7% of sales. Each square is a region and its area is what it sells there.
Regions from largest to smallest · FY 2025
04How the mix is changing
High-Growth Markets is gaining weight.
Weight of each part in 2024 and in 2025. A line gains weight when it grows faster than the total.
FY 2024FY 2025
pp = percentage points: the difference between two percentages (from 25% to 27% is 2 pp).
05Read with care
What we can deduce from the data. And what we cannot.
We can deduceWe cannot conclude
01
The net margin held steady in FY 2025 even as growth concentrated in High-Growth Markets, suggesting no major line substantially dragged on total profitability.
That margin stability is due to higher profitability specifically in High-Growth Markets: without margins by line, others might offset weaker performance.
Our take
Rising reliance on High-Growth Markets
In FY 2025, High-Growth Markets was the sole driver of growth, contributing 104.1% of the gain and now representing over half of revenues. Its dominance is increasing compared to last year.
- 01Shown by the figures
Other lines barely sustain total growth
While the US contributed modestly (+20.1% of total growth) and another line fell, all momentum came from one area. Diversification across lines contributed little this year.
What is not proven
How much of total profit depends on High-Growth Markets versus other lines? Without margin by line, it is unclear which is most critical for net results.
See the calculations behind it
- High-Growth Markets brought $1B of the $965M by which revenue grew in FY 2025 (104.1%), although it weighed 48.7%. Without that line, the rest grew −0.3%.
- Dependence on High-Growth Markets rises: from 48.7% of revenue in FY 2024 to 50.7% in FY 2025.
- International Developmental Licensed Markets and Corporate took away $234M in FY 2025; the other lines made up for it and revenue still rose $965M.
- International Operated Markets brings 50.7% of sales (48.7% in FY 2024).
- High-Growth Markets brought $1B, more than the whole increase in revenue in FY 2025 ($965M).
- High-Growth Markets weighs more than all the other lines together: 50.7% of revenue in FY 2025.
With data to Nov 4, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
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