Latest period
$3.50B
YoY change
+21.3%
5Y CAGR
+15.4%
Peak year (2025)
$3.37B
Cumulative CapEx
$77.77B
CapEx history chart for McDonald's (MCD) from 1989 to 2025
Latest: $3.37B
CapEx growth chart for McDonald's (MCD) from 1989 to 2025
Latest: +21.3%
CapEx history table for McDonald's (MCD) from 1989 to 2025
| 2025 | $3.37B | +21.3% | +$590.00M | ||
| 2024 | $2.77B | +17.7% | +$417.60M | ||
| 2023 | $2.36B | +24.1% | +$458.20M | ||
| 2022 | $1.90B | -6.9% | −$140.80M | ||
| 2021 | $2.04B | +24.3% | +$399.20M | ||
| 2020 | $1.64B | -31.5% | −$752.90M | ||
| 2019 | $2.39B | -12.7% | −$348.00M | ||
| 2018 | $2.74B | +47.9% | +$888.00M | ||
| 2017 | $1.85B | +1.8% | +$32.60M | ||
| 2016 | $1.82B | +0.4% | +$7.20M | ||
| 2015 | $1.81B | -29.8% | −$769.50M | ||
| 2014 | $2.58B | -8.5% | −$241.30M | ||
| 2013 | $2.82B | -7.4% | −$224.50M | ||
| 2012 | $3.05B | +11.7% | +$319.40M | ||
| 2011 | $2.73B | +27.8% | +$594.30M | ||
| 2010 | $2.14B | +9.4% | +$183.40M | ||
| 2009 | $1.95B | -8.6% | −$183.60M | ||
| 2008 | $2.14B | +9.7% | +$189.10M | ||
| 2007 | $1.95B | +11.8% | +$204.70M | ||
| 2006 | $1.74B | +8.4% | +$135.10M | ||
| 2005 | $1.61B | +2.4% | +$37.80M | ||
| 2004 | $1.57B | -6.8% | −$114.20M | ||
| 2003 | $1.68B | -34.0% | −$869.00M | ||
| 2002 | $2.55B | +14.0% | +$314.40M | ||
| 2001 | $2.24B | -5.6% | −$132.80M | ||
| 2000 | $2.37B | +7.3% | +$162.10M | ||
| 1999 | $2.21B | +10.6% | +$210.80M | ||
| 1998 | $2.00B | -10.2% | −$227.10M | ||
| 1997 | $2.22B | -11.5% | −$288.20M | ||
| 1996 | $2.51B | +21.8% | +$449.30M | ||
| 1995 | $2.06B | +34.1% | +$525.10M | ||
| 1994 | $1.54B | +16.8% | +$221.70M | ||
| 1993 | $1.32B | +14.4% | +$165.90M | ||
| 1992 | $1.15B | +2.0% | +$22.20M | ||
| 1991 | $1.13B | -28.1% | −$441.90M | ||
| 1990 | $1.57B | +1.0% | +$15.70M | ||
| 1989 | $1.55B | — | — |
- 2025$3.37B+21.3%
- 2024$2.77B+17.7%
- 2023$2.36B+24.1%
- 2022$1.90B-6.9%
- 2021$2.04B+24.3%
- 2020$1.64B-31.5%
- 2019$2.39B-12.7%
- 2018$2.74B+47.9%
- 2017$1.85B+1.8%
- 2016$1.82B+0.4%
- 2015$1.81B-29.8%
- 2014$2.58B-8.5%
- 2013$2.82B-7.4%
- 2012$3.05B+11.7%
- 2011$2.73B+27.8%
- 2010$2.14B+9.4%
- 2009$1.95B-8.6%
- 2008$2.14B+9.7%
- 2007$1.95B+11.8%
- 2006$1.74B+8.4%
- 2005$1.61B+2.4%
- 2004$1.57B-6.8%
- 2003$1.68B-34.0%
- 2002$2.55B+14.0%
- 2001$2.24B-5.6%
- 2000$2.37B+7.3%
- 1999$2.21B+10.6%
- 1998$2.00B-10.2%
- 1997$2.22B-11.5%
- 1996$2.51B+21.8%
- 1995$2.06B+34.1%
- 1994$1.54B+16.8%
- 1993$1.32B+14.4%
- 1992$1.15B+2.0%
- 1991$1.13B-28.1%
- 1990$1.57B+1.0%
- 1989$1.55B—
CapEx values are taken from McDonald's's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at McDonald's (MCD)
According to McDonald's's latest reported financial statements, the company's current CapEx (TTM) is $3.50B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, McDonald's (MCD) CapEx totalled $3.37B – grew 21.3% year-over-year.
Across 2020–2025 (5 years), McDonald's CapEx produced a CAGR of +15.4% – sustaining 3 straight years of year-over-year growth.
2025 marks the peak CapEx at $3.37B, with the historical low of $1.13B recorded in 1991.
McDonald's Capital Expenditures by Year
McDonald's Capital Expenditures 2025: $3.37B
McDonald's posted CapEx of $3.37B in 2025, grew 21.3% from 2024. This figure represents the highest annual value in the available history.
McDonald's Capital Expenditures 2024: $2.77B
In 2024, McDonald's reported CapEx of $2.77B, grew 17.7% from 2023.
McDonald's Capital Expenditures 2023: $2.36B
McDonald's CapEx in 2023 was $2.36B, grew 24.1% from 2022.
McDonald's Capital Expenditures 2022: $1.90B
2022's CapEx for McDonald's came in at $1.90B, declined 6.9% below 2021.
McDonald's Capital Expenditures 2021: $2.04B
McDonald's CapEx in 2021 was $2.04B.
See more financial history for McDonald's (MCD).
Sector peers by CapEx
Consumer Cyclical peers of McDonald's (MCD), ranked by their latest CapEx
| $131.82B | |
| $18.33B | |
| $8.53B | |
| $3.68B | |
| $2.31B | |
| $2.21B | |
| $1.96B | |
| $322.00M |
- $131.82B
- $18.33B
- $8.53B
- $3.68B
- $2.31B
- $2.21B
- $1.96B
- $322.00M
Frequently asked questions
McDonald's (MCD) Key Financials
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