McDonald's (MCD) Stock Buyback History
TTM buyback yield 0.94% · Shareholder yield (TTM) 0.94%.
McDonald's
MCD
TTM buyback yield
0.94%
Shareholder yield (TTM)
0.94%
5Y share count change
-4.5%
TTM buyback spend
$2.06B
SBC coverage (TTM)
16.06x
Diluted vs basic shares (annual)
Weighted average shares from the income statement: diluted (EPS denominator and typical buyback-yield basis) compared with basic.
Shares outstanding (annual)
Year-over-year change in diluted weighted average shares (industry-standard for EPS and per-share capital return). Green is fewer shares vs the prior fiscal year; red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield
Buybacks vs stock-based compensation
TTM coverage: 16.06x (buybacks ÷ SBC). Bars are fiscal-year totals.
Buyback spending history
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $2.06B | $0.00 | $2.06B | 0.72B | -0.8% | 0.94% |
| 2024 | $2.82B | $172.00M | $2.65B | 0.72B | -1.4% | 1.36% |
| 2023 | $3.05B | $175.20M | $2.88B | 0.73B | -1.2% | 1.42% |
| 2022 | $3.90B | $167.00M | $3.73B | 0.74B | -1.4% | 2.02% |
| 2021 | $845.50M | $139.20M | $706.30M | 0.75B | 0.2% | 0.42% |
| 2020 | $907.80M | $92.40M | $815.40M | 0.75B | -1.9% | 0.57% |
| 2019 | $4.98B | $109.60M | $4.87B | 0.76B | -2.6% | 3.37% |
| 2018 | $5.21B | $125.10M | $5.08B | 0.79B | -3.7% | 3.82% |
| 2017 | $4.69B | $117.50M | $4.57B | 0.82B | -5.3% | 3.43% |
| 2016 | $11.17B | $131.30M | $11.04B | 0.86B | -8.8% | 11.21% |
| 2015 | $6.10B | $110.00M | $5.99B | 0.94B | -4.2% | 5.69% |
| 2014 | $3.20B | $112.80M | $3.09B | 0.99B | -2.0% | 3.55% |
| 2013 | $1.78B | $89.10M | $1.69B | 1.01B | -1.4% | 1.85% |
| 2012 | $2.62B | $93.40M | $2.52B | 1.02B | -2.4% | 2.96% |
| 2011 | $3.36B | $86.20M | $3.28B | 1.04B | -3.3% | 3.30% |
| 2010 | $2.70B | $83.10M | $2.62B | 1.08B | -2.4% | 3.39% |
| 2009 | $2.80B | $112.90M | $2.68B | 1.11B | -3.4% | 4.16% |
| 2008 | $3.92B | $112.50M | $3.81B | 1.15B | -5.4% | 5.71% |
| 2007 | $3.94B | $142.40M | $3.80B | 1.21B | -3.2% | 5.84% |
| 2006 | $2.96B | $122.50M | $2.84B | 1.25B | -1.8% | 5.56% |
| 2005 | $1.20B | $154.10M | $1.05B | 1.27B | 0.0% | 2.84% |
| 2004 | $621.00M | $0.00 | $621.00M | 1.27B | -0.2% | 1.53% |
| 2003 | $391.00M | $0.00 | $391.00M | 1.28B | -0.4% | 1.25% |
| 2002 | $670.20M | $0.00 | $670.20M | 1.28B | -2.1% | 3.28% |
| 2001 | $1.07B | $0.00 | $1.07B | 1.31B | -3.5% | 3.16% |
| 2000 | $2.02B | $0.00 | $2.02B | 1.36B | -3.4% | — |
| 1999 | $891.50M | $0.00 | $891.50M | 1.40B | -0.1% | — |
| 1998 | $1.09B | $0.00 | $1.09B | 1.41B | -0.0% | — |
| 1997 | $1.11B | $0.00 | $1.11B | 1.41B | -1.7% | — |
| 1996 | $599.90M | $0.00 | $599.90M | 1.43B | — | — |
| 1995 | $314.50M | $0.00 | $314.50M | — | — | — |
| 1994 | $495.60M | $0.00 | $495.60M | — | — | — |
| 1993 | $620.10M | $0.00 | $620.10M | — | — | — |
| 1992 | $79.70M | $0.00 | $79.70M | — | — | — |
| 1991 | $109.20M | $0.00 | $109.20M | — | — | — |
| 1990 | $160.30M | $0.00 | $160.30M | — | — | — |
| 1989 | $479.00M | $0.00 | $479.00M | — | — | — |
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
TTM buybacks vs headroom (FCF − dividends, TTM)99% of headroom
Headroom $2.07B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Does McDonald's buy back its own stock?
- Yes, McDonald's (MCD) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does McDonald's spend on share buybacks?
- Trailing twelve months (TTM) buyback spend is about $2.06B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is McDonald's's buyback yield?
- TTM buyback yield is about 0.94% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is McDonald's's shareholder yield?
- Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 0.94% combined (TTM-based where available).
Is McDonald's diluting shareholders?
- Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has McDonald's's share count changed?
- Diluted weighted average shares changed by about -4.5% over roughly five fiscal years (annual income statement data).