Shares Outstanding for McDonald's (MCD)
According to McDonald's's latest reported financial statements, the company's latest reported diluted shares outstanding is 714.20M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MCD
Currently viewingShares OutstandingSwitch metric
Latest period
714.20M
YoY change
-0.8%
5Y CAGR
-0.9%
Peak year (1985)
1.53B
Latest annual
716.40M
Shares Outstanding history chart for McDonald's (MCD) from 1985 to 2025
Shares Outstanding history table for McDonald's (MCD) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 716.40M | -0.8% | ||
| 2024 | 721.90M | -1.4% | ||
| 2023 | 732.30M | -1.2% | ||
| 2022 | 741.30M | -1.4% | ||
| 2021 | 751.80M | +0.2% | ||
| 2020 | 750.10M | -1.9% | ||
| 2019 | 764.90M | -2.6% | ||
| 2018 | 785.60M | -3.7% | ||
| 2017 | 815.50M | -5.3% | ||
| 2016 | 861.20M | -8.8% | ||
| 2015 | 944.60M | -4.2% | ||
| 2014 | 986.30M | -2.0% | ||
| 2013 | 1.01B | -1.4% | ||
| 2012 | 1.02B | -2.4% | ||
| 2011 | 1.04B | -3.3% | ||
| 2010 | 1.08B | -2.4% | ||
| 2009 | 1.11B | -3.4% | ||
| 2008 | 1.15B | -5.4% | ||
| 2007 | 1.21B | -3.2% | ||
| 2006 | 1.25B | -1.8% | ||
| 2005 | 1.27B | +0.0% | ||
| 2004 | 1.27B | -0.2% | ||
| 2003 | 1.28B | -0.4% | ||
| 2002 | 1.28B | -2.1% | ||
| 2001 | 1.31B | -3.5% | ||
| 2000 | 1.36B | -3.4% | ||
| 1999 | 1.40B | -0.1% | ||
| 1998 | 1.41B | -0.0% | ||
| 1997 | 1.41B | -1.7% | ||
| 1996 | 1.43B | +1.5% | ||
| 1995 | 1.41B | +0.6% | ||
| 1994 | 1.40B | -3.9% | ||
| 1993 | 1.46B | -1.1% | ||
| 1992 | 1.47B | +0.0% | ||
| 1991 | 1.47B | +1.0% | ||
| 1990 | 1.46B | -3.0% | ||
| 1989 | 1.51B | +0.2% | ||
| 1988 | 1.50B | +1.5% | ||
| 1987 | 1.48B | -0.6% | ||
| 1986 | 1.49B | -2.8% | ||
| 1985 | 1.53B | — |
Shares Outstanding 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
As of the 2025 fiscal year, McDonald's (MCD) reported diluted shares outstanding of 716.40M – edged down 0.8% year-over-year.
McDonald's diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is -0.9%, with a net decline across the window.
McDonald's diluted shares outstanding plunged from 1.53B in 1985 to 716.40M in 2025, a 53.2% drawdown.
Across the available history, diluted shares outstanding reached its high of 1.53B in 1985 and its low of 716.40M in 2025.
Among 8 Consumer Cyclical peers, McDonald's (MCD) ranks 8th; the peer median for diluted shares outstanding is 1.30B.
McDonald's Shares Outstanding by Year
McDonald's Shares Outstanding 2025: 716.40M
McDonald's diluted shares outstanding in 2025 was 716.40M, edged down 0.8% below 2024. This figure represents the lowest annual value in the available history.
McDonald's Shares Outstanding 2024: 721.90M
McDonald's diluted shares outstanding in 2024 was 721.90M, edged down 1.4% below 2023.
McDonald's Shares Outstanding 2023: 732.30M
McDonald's diluted shares outstanding in 2023 was 732.30M, edged down 1.2% below 2022.
McDonald's Shares Outstanding 2022: 741.30M
McDonald's diluted shares outstanding in 2022 was 741.30M, edged down 1.4% below 2021.
McDonald's Shares Outstanding 2021: 751.80M
McDonald's diluted shares outstanding in 2021 was 751.80M.
See more financial history for McDonald's (MCD).
Sector peers — Shares Outstanding
Companies in the same sector as McDonald's, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Amazon.com, Inc. (AMZN) | 10.83B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | 3.53B | Consumer Cyclical |
| Alibaba Group Holding Limited (BABA) | 2.41B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | 1.48B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | 1.13B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | 997.00M | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | 815.98M | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | 560.00M | Consumer Cyclical |
Frequently asked questions
What is McDonald's's diluted shares outstanding?
- Latest reported diluted shares outstanding for McDonald's (MCD) is 714.20M (period ending December 31, 2025).
How has McDonald's diluted shares outstanding changed year-over-year?
- McDonald's (MCD) diluted shares outstanding changed -0.8% year-over-year on the latest annual filing.
What is the long-term growth rate of McDonald's diluted shares outstanding?
- McDonald's (MCD) diluted shares outstanding compound annual growth rate is -0.9% over the most recent 5 years available.
When did McDonald's diluted shares outstanding hit its highest annual value?
- McDonald's diluted shares outstanding reached its highest annual value of 1.53B in 1985.
What was McDonald's diluted shares outstanding in 2024?
- McDonald's (MCD) diluted shares outstanding in 2024 was 721.90M.
What was McDonald's diluted shares outstanding in 2025?
- McDonald's (MCD) diluted shares outstanding in 2025 was 716.40M.
Metrics overview
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