TTM
$12.6B
YoY change
+5.8%
5Y CAGR
+11.1%
Peak year (FY2025)
$12.4B
Cumulative operating income
$218B
Operating Income history chart for McDonald's (MCD) from 2016 to 2025
Latest: $12.4B
Operating Income growth chart for McDonald's (MCD) from 2016 to 2025
Latest: +5.8%
Operating Income history table for McDonald's (MCD) from 1985 to 2025
| FY2025 | $12.4B | +5.8% | +$681M | ||
| FY2024 | $11.7B | +0.6% | +$65M | ||
| FY2023 | $11.6B | +24.3% | +$2.28B | ||
| FY2022 | $9.37B | -9.5% | -$985M | ||
| FY2021 | $10.4B | +41.4% | +$3.03B | ||
| FY2020 | $7.32B | -19.2% | -$1.75B | ||
| FY2019 | $9.07B | +2.8% | +$247M | ||
| FY2018 | $8.82B | -7.6% | -$730M | ||
| FY2017 | $9.55B | +23.3% | +$1.81B | ||
| FY2016 | $7.74B | +8.4% | +$599M | ||
| FY2015 | $7.15B | -10.1% | -$804M | ||
| FY2014 | $7.95B | -9.3% | -$815M | ||
| FY2013 | $8.76B | +1.9% | +$160M | ||
| FY2012 | $8.6B | +0.9% | +$74.9M | ||
| FY2011 | $8.53B | +14.1% | +$1.06B | ||
| FY2010 | $7.47B | +9.2% | +$632M | ||
| FY2009 | $6.84B | +6.2% | +$398M | ||
| FY2008 | $6.44B | +66.1% | +$2.56B | ||
| FY2007 | $3.88B | -12.5% | -$554M | ||
| FY2006 | $4.43B | +11.3% | +$449M | ||
| FY2005 | $3.98B | +12.6% | +$446M | ||
| FY2004 | $3.54B | +24.9% | +$706M | ||
| FY2003 | $2.83B | +34.0% | +$719M | ||
| FY2002 | $2.11B | -21.7% | -$584M | ||
| FY2001 | $2.7B | -13.9% | -$436M | ||
| FY2000 | $3.13B | -2.5% | -$81.1M | ||
| FY1999 | $3.21B | +6.3% | +$191M | ||
| FY1998 | $3.02B | +12.2% | +$329M | ||
| FY1997 | $2.69B | +4.2% | +$108M | ||
| FY1996 | $2.59B | +3.7% | +$91.2M | ||
| FY1995 | $2.5B | +15.7% | +$338M | ||
| FY1994 | $2.16B | +12.2% | +$235M | ||
| FY1993 | $1.92B | +6.9% | +$124M | ||
| FY1992 | $1.8B | +14.9% | +$233M | ||
| FY1991 | $1.56B | +4.3% | +$64.1M | ||
| FY1990 | $1.5B | +2.9% | +$41.6M | ||
| FY1989 | $1.46B | +13.7% | +$175M | ||
| FY1988 | $1.28B | +10.5% | +$122M | ||
| FY1987 | $1.16B | +25.7% | +$238M | ||
| FY1986 | $924M | +7.9% | +$67.4M | ||
| FY1985 | $857M | — | — |
- FY2025$12.4B+5.8%
- FY2024$11.7B+0.6%
- FY2023$11.6B+24.3%
- FY2022$9.37B-9.5%
- FY2021$10.4B+41.4%
- FY2020$7.32B-19.2%
- FY2019$9.07B+2.8%
- FY2018$8.82B-7.6%
- FY2017$9.55B+23.3%
- FY2016$7.74B+8.4%
- FY2015$7.15B-10.1%
- FY2014$7.95B-9.3%
- FY2013$8.76B+1.9%
- FY2012$8.6B+0.9%
- FY2011$8.53B+14.1%
- FY2010$7.47B+9.2%
- FY2009$6.84B+6.2%
- FY2008$6.44B+66.1%
- FY2007$3.88B-12.5%
- FY2006$4.43B+11.3%
- FY2005$3.98B+12.6%
- FY2004$3.54B+24.9%
- FY2003$2.83B+34.0%
- FY2002$2.11B-21.7%
- FY2001$2.7B-13.9%
- FY2000$3.13B-2.5%
- FY1999$3.21B+6.3%
- FY1998$3.02B+12.2%
- FY1997$2.69B+4.2%
- FY1996$2.59B+3.7%
- FY1995$2.5B+15.7%
- FY1994$2.16B+12.2%
- FY1993$1.92B+6.9%
- FY1992$1.8B+14.9%
- FY1991$1.56B+4.3%
- FY1990$1.5B+2.9%
- FY1989$1.46B+13.7%
- FY1988$1.28B+10.5%
- FY1987$1.16B+25.7%
- FY1986$924M+7.9%
- FY1985$857M—
Operating Income values are taken from McDonald's's reported income 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 Operating Income at McDonald's (MCD)
According to McDonald's's latest reported financial statements, the company's current operating income (TTM) is $12.6B. 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 .
The 2025 reading of McDonald's (MCD) operating income is $12.4B – 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 $12.4B, with the historical low of $857M recorded in 1985.
McDonald's Operating Income by Year
McDonald's Operating Income 2025: $12.4B
McDonald's posted operating income of $12.4B in 2025, grew 5.8% from 2024. This figure represents the highest annual value in the available history.
McDonald's Operating Income 2024: $11.7B
In 2024, McDonald's reported operating income of $11.7B, edged up 0.6% from 2023.
McDonald's Operating Income 2023: $11.6B
McDonald's operating income in 2023 was $11.6B, grew 24.3% from 2022.
McDonald's Operating Income 2022: $9.37B
2022's operating income for McDonald's came in at $9.37B, declined 9.5% below 2021.
McDonald's Operating Income 2021: $10.4B
McDonald's operating income in 2021 was $10.4B.
See more financial history for McDonald's (MCD).
Sector peers by Operating Income
Consumer Cyclical peers of McDonald's (MCD), ranked by their latest operating income
| $80B | |
| $20.9B | |
| $13.1B | |
| $10.2B | |
| $9.28B | |
| $8.62B | |
| $7.18B | |
| $4.36B |
- $80B
- $20.9B
- $13.1B
- $10.2B
- $9.28B
- $8.62B
- $7.18B
- $4.36B
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- Buybacks0.89% TTM
- Dividend Profile2.71% yield
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- Stock Split History9 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.