Operating Income for McDonald's (MCD)
According to McDonald's's latest reported financial statements, the company's current operating income (TTM) is $12.39B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MCD
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$12.39B
YoY change
+5.8%
5Y CAGR
+11.1%
Peak year (2025)
$12.39B
Cumulative operating income
$215.00B
Operating Income history chart for McDonald's (MCD) from 1985 to 2025
Operating Income history table for McDonald's (MCD) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $12.39B | +5.8% | ||
| 2024 | $11.71B | +0.6% | ||
| 2023 | $11.65B | +24.3% | ||
| 2022 | $9.37B | -9.5% | ||
| 2021 | $10.36B | +41.4% | ||
| 2020 | $7.32B | -19.2% | ||
| 2019 | $9.07B | +2.8% | ||
| 2018 | $8.82B | -7.6% | ||
| 2017 | $9.55B | +23.3% | ||
| 2016 | $7.74B | +8.4% | ||
| 2015 | $7.15B | -10.1% | ||
| 2014 | $7.95B | -9.3% | ||
| 2013 | $8.76B | +1.9% | ||
| 2012 | $8.60B | +0.9% | ||
| 2011 | $8.53B | +14.1% | ||
| 2010 | $7.47B | +9.2% | ||
| 2009 | $6.84B | +6.2% | ||
| 2008 | $6.44B | +66.1% | ||
| 2007 | $3.88B | -12.5% | ||
| 2006 | $4.43B | +11.3% | ||
| 2005 | $3.98B | +12.6% | ||
| 2004 | $3.54B | +24.9% | ||
| 2003 | $2.83B | +34.0% | ||
| 2002 | $2.11B | -21.7% | ||
| 2001 | $2.70B | -13.9% | ||
| 2000 | $3.13B | -2.5% | ||
| 1999 | $3.21B | +6.3% | ||
| 1998 | $3.02B | +12.2% | ||
| 1997 | $2.69B | +4.2% | ||
| 1996 | $2.59B | +3.7% | ||
| 1995 | $2.50B | +15.7% | ||
| 1994 | $2.16B | +12.2% | ||
| 1993 | $1.92B | +6.9% | ||
| 1992 | $1.80B | +14.9% | ||
| 1991 | $1.56B | +4.3% | ||
| 1990 | $1.50B | +2.9% | ||
| 1989 | $1.46B | +13.7% | ||
| 1988 | $1.28B | +10.5% | ||
| 1987 | $1.16B | +25.7% | ||
| 1986 | $924.30M | +7.9% | ||
| 1985 | $856.90M | — |
Operating Income values are taken from McDonald's's reported income 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
The 2025 reading of McDonald's (MCD) operating income is $12.39B – grew 5.8% year-over-year.
McDonald's operating income compound annual growth for the 2020–2025 (5 years) window is +11.1%, sustaining 3 straight years of year-over-year growth.
2025 marks the peak operating income at $12.39B, with the historical low of $856.90M recorded in 1985.
Among 8 Consumer Cyclical peers, McDonald's (MCD) ranks 5th; the peer median for operating income is $15.52B.
McDonald's Operating Income by Year
McDonald's Operating Income 2025: $12.39B
McDonald's operating income in 2025 was $12.39B, grew 5.8% from 2024. This figure represents the highest annual value in the available history.
McDonald's Operating Income 2024: $11.71B
McDonald's operating income in 2024 was $11.71B, edged up 0.6% from 2023.
McDonald's Operating Income 2023: $11.65B
McDonald's operating income in 2023 was $11.65B, grew 24.3% from 2022.
McDonald's Operating Income 2022: $9.37B
McDonald's operating income in 2022 was $9.37B, declined 9.5% below 2021.
McDonald's Operating Income 2021: $10.36B
McDonald's operating income in 2021 was $10.36B.
See more financial history for McDonald's (MCD).
Sector peers — Operating Income
Companies in the same sector as McDonald's, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | $10.15B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is McDonald's's operating income?
- Latest reported operating income for McDonald's (MCD) is $12.39B (period ending December 31, 2025).
How has McDonald's operating income changed year-over-year?
- McDonald's (MCD) operating income changed +5.8% year-over-year on the latest annual filing.
What is the long-term growth rate of McDonald's operating income?
- McDonald's (MCD) operating income compound annual growth rate is +11.1% over the most recent 5 years available.
When did McDonald's operating income hit its highest annual value?
- McDonald's operating income reached its highest annual value of $12.39B in 2025.
What was McDonald's operating income in 2024?
- McDonald's (MCD) operating income in 2024 was $11.71B.
What was McDonald's operating income in 2025?
- McDonald's (MCD) operating income in 2025 was $12.39B.
Metrics overview
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