Free Cash Flow for McDonald's (MCD)
Free Cash Flow for McDonald's (MCD): headline value $7.19B · YoY +7.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MCD
Currently viewingFree Cash FlowSwitch metric
Latest period
$7.19B
YoY change
+7.7%
5Y CAGR
+9.2%
Peak year (2023)
$7.25B
Latest annual
$7.19B
Free Cash Flow history chart for McDonald's (MCD) from 1989 to 2025
Free Cash Flow history table for McDonald's (MCD) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $7.19B | +7.7% | ||
| 2024 | $6.67B | -8.0% | ||
| 2023 | $7.25B | +32.2% | ||
| 2022 | $5.49B | -22.7% | ||
| 2021 | $7.10B | +53.6% | ||
| 2020 | $4.62B | -19.3% | ||
| 2019 | $5.73B | +35.6% | ||
| 2018 | $4.22B | +14.3% | ||
| 2017 | $3.70B | -12.8% | ||
| 2016 | $4.24B | -10.3% | ||
| 2015 | $4.73B | +13.9% | ||
| 2014 | $4.15B | -3.5% | ||
| 2013 | $4.30B | +9.7% | ||
| 2012 | $3.92B | -11.4% | ||
| 2011 | $4.42B | +5.1% | ||
| 2010 | $4.21B | +10.7% | ||
| 2009 | $3.80B | +0.5% | ||
| 2008 | $3.78B | +29.1% | ||
| 2007 | $2.93B | +12.7% | ||
| 2006 | $2.60B | -4.8% | ||
| 2005 | $2.73B | +16.9% | ||
| 2004 | $2.33B | +47.2% | ||
| 2003 | $1.59B | +369.3% | ||
| 2002 | $337.90M | -25.0% | ||
| 2001 | $450.50M | +18.3% | ||
| 2000 | $380.90M | -52.4% | ||
| 1999 | $800.40M | +4.1% | ||
| 1998 | $768.60M | +253.4% | ||
| 1997 | $217.50M | -518.3% | ||
| 1996 | -$52.00M | -122.4% | ||
| 1995 | $232.50M | -40.0% | ||
| 1994 | $387.60M | +6.8% | ||
| 1993 | $362.90M | +32.0% | ||
| 1992 | $274.90M | -6.6% | ||
| 1991 | $294.40M | -209.2% | ||
| 1990 | -$269.70M | -12.7% | ||
| 1989 | -$309.00M | — |
Free Cash Flow values are taken from McDonald's's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, McDonald's (MCD) free cash flow totalled $7.19B – grew 7.7% year-over-year.
McDonald's free cash flow has recorded the values shown across consecutive periods, with a +9.2% compound annual growth rate over 2020–2025 (5 years).
$7.25B stands as the all-time-high annual free cash flow, posted in 2023, against a low of -$309.00M during 1989.
Within Consumer Cyclical, McDonald's (MCD) ranks 7th among 8 peers we track. The peer median for free cash flow is $8.39B.
McDonald's Free Cash Flow by Year
McDonald's Free Cash Flow 2025: $7.19B
McDonald's free cash flow in 2025 was $7.19B, grew 7.7% from 2024.
McDonald's Free Cash Flow 2024: $6.67B
McDonald's free cash flow in 2024 was $6.67B, declined 8.0% below 2023.
McDonald's Free Cash Flow 2023: $7.25B
McDonald's free cash flow in 2023 was $7.25B, surged 32.2% from 2022. This figure represents the highest annual value in the available history.
McDonald's Free Cash Flow 2022: $5.49B
McDonald's free cash flow in 2022 was $5.49B, declined 22.7% below 2021.
McDonald's Free Cash Flow 2021: $7.10B
McDonald's free cash flow in 2021 was $7.10B.
See more financial history for McDonald's (MCD).
Sector peers — Free Cash Flow
Companies in the same sector as McDonald's, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| PDD Holdings Inc. (PDD) | $106.94B | Consumer Cyclical |
| Alibaba Group Holding Limited (BABA) | $78.16B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $12.65B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.09B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $7.70B | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | $7.65B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $6.22B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $4.86B | Consumer Cyclical |
Frequently asked questions
What is McDonald's's free cash flow?
Latest reported free cash flow for McDonald's (MCD) is $7.19B (period ending December 31, 2025).
How has McDonald's free cash flow changed year-over-year?
McDonald's (MCD) free cash flow changed +7.7% year-over-year on the latest annual filing.
What is the long-term growth rate of McDonald's free cash flow?
McDonald's (MCD) free cash flow compound annual growth rate is +9.2% over the most recent 5 years available.
When did McDonald's free cash flow hit its highest annual value?
McDonald's free cash flow reached its highest annual value of $7.25B in 2023.
What was McDonald's free cash flow in 2024?
McDonald's (MCD) free cash flow in 2024 was $6.67B.
What was McDonald's free cash flow in 2025?
McDonald's (MCD) free cash flow in 2025 was $7.19B.
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