Latest period
714M
YoY change
-0.8%
5Y CAGR
-0.9%
Peak year (FY1985)
1.53B
Latest annual
716M
Shares Outstanding history chart for McDonald's (MCD) from 2016 to 2025
Latest: 716M
Shares Outstanding growth chart for McDonald's (MCD) from 2016 to 2025
Latest: -0.8%
Shares Outstanding history table for McDonald's (MCD) from 1985 to 2025
| FY2025 | 716M | -0.8% | -5.5M | ||
| FY2024 | 722M | -1.4% | -10.4M | ||
| FY2023 | 732M | -1.2% | -9M | ||
| FY2022 | 741M | -1.4% | -10.5M | ||
| FY2021 | 752M | +0.2% | +1.7M | ||
| FY2020 | 750M | -1.9% | -14.8M | ||
| FY2019 | 765M | -2.6% | -20.7M | ||
| FY2018 | 786M | -3.7% | -29.9M | ||
| FY2017 | 816M | -5.3% | -45.7M | ||
| FY2016 | 861M | -8.8% | -83.4M | ||
| FY2015 | 945M | -4.2% | -41.7M | ||
| FY2014 | 986M | -2.0% | -19.7M | ||
| FY2013 | 1.01B | -1.4% | -14.2M | ||
| FY2012 | 1.02B | -2.4% | -24.7M | ||
| FY2011 | 1.04B | -3.3% | -35.4M | ||
| FY2010 | 1.08B | -2.4% | -27.1M | ||
| FY2009 | 1.11B | -3.4% | -38.6M | ||
| FY2008 | 1.15B | -5.4% | -65.8M | ||
| FY2007 | 1.21B | -3.2% | -39.9M | ||
| FY2006 | 1.25B | -1.8% | -22.5M | ||
| FY2005 | 1.27B | +0.0% | +500K | ||
| FY2004 | 1.27B | -0.2% | -2.8M | ||
| FY2003 | 1.28B | -0.4% | -5M | ||
| FY2002 | 1.28B | -2.1% | -27.8M | ||
| FY2001 | 1.31B | -3.5% | -47.2M | ||
| FY2000 | 1.36B | -3.4% | -47.7M | ||
| FY1999 | 1.4B | -0.1% | -1.5M | ||
| FY1998 | 1.41B | -0.0% | -561K | ||
| FY1997 | 1.41B | -1.7% | -24.3M | ||
| FY1996 | 1.43B | +1.5% | +21.4M | ||
| FY1995 | 1.41B | +0.6% | +7.75M | ||
| FY1994 | 1.4B | -3.9% | -57.2M | ||
| FY1993 | 1.46B | -1.1% | -16.3M | ||
| FY1992 | 1.47B | +0.0% | +458K | ||
| FY1991 | 1.47B | +1.0% | +14.6M | ||
| FY1990 | 1.46B | -3.0% | -45.6M | ||
| FY1989 | 1.51B | +0.2% | +3.32M | ||
| FY1988 | 1.5B | +1.5% | +22.4M | ||
| FY1987 | 1.48B | -0.6% | -8.4M | ||
| FY1986 | 1.49B | -2.8% | -42.2M | ||
| FY1985 | 1.53B | — | — |
- FY2025716M-0.8%
- FY2024722M-1.4%
- FY2023732M-1.2%
- FY2022741M-1.4%
- FY2021752M+0.2%
- FY2020750M-1.9%
- FY2019765M-2.6%
- FY2018786M-3.7%
- FY2017816M-5.3%
- FY2016861M-8.8%
- FY2015945M-4.2%
- FY2014986M-2.0%
- FY20131.01B-1.4%
- FY20121.02B-2.4%
- FY20111.04B-3.3%
- FY20101.08B-2.4%
- FY20091.11B-3.4%
- FY20081.15B-5.4%
- FY20071.21B-3.2%
- FY20061.25B-1.8%
- FY20051.27B+0.0%
- FY20041.27B-0.2%
- FY20031.28B-0.4%
- FY20021.28B-2.1%
- FY20011.31B-3.5%
- FY20001.36B-3.4%
- FY19991.4B-0.1%
- FY19981.41B-0.0%
- FY19971.41B-1.7%
- FY19961.43B+1.5%
- FY19951.41B+0.6%
- FY19941.4B-3.9%
- FY19931.46B-1.1%
- FY19921.47B+0.0%
- FY19911.47B+1.0%
- FY19901.46B-3.0%
- FY19891.51B+0.2%
- FY19881.5B+1.5%
- FY19871.48B-0.6%
- FY19861.49B-2.8%
- FY19851.53B—
Shares Outstanding 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 Shares Outstanding at McDonald's (MCD)
According to McDonald's's latest reported financial statements, the company's latest reported diluted shares outstanding is 714M. 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 .
As of the 2025 fiscal year, McDonald's (MCD) reported diluted shares outstanding of 716M – 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 716M 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 716M in 2025.
McDonald's Shares Outstanding by Year
McDonald's Shares Outstanding 2025: 716M
McDonald's posted diluted shares outstanding of 716M in 2025, edged down 0.8% below 2024. This figure represents the lowest annual value in the available history.
McDonald's Shares Outstanding 2024: 722M
In 2024, McDonald's reported diluted shares outstanding of 722M, edged down 1.4% below 2023.
McDonald's Shares Outstanding 2023: 732M
McDonald's diluted shares outstanding in 2023 was 732M, edged down 1.2% below 2022.
McDonald's Shares Outstanding 2022: 741M
2022's diluted shares outstanding for McDonald's came in at 741M, edged down 1.4% below 2021.
McDonald's Shares Outstanding 2021: 752M
McDonald's diluted shares outstanding in 2021 was 752M.
See more financial history for McDonald's (MCD).
Sector peers by Shares Outstanding
Consumer Cyclical peers of McDonald's (MCD), ranked by their latest diluted shares outstanding
| 10.8B | |
| 3.53B | |
| 2.4B | |
| 1.48B | |
| 1.13B | |
| 997M | |
| 816M | |
| 560M |
- 10.8B
- 3.53B
- 2.4B
- 1.48B
- 1.13B
- 997M
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McDonald's (MCD) Key Financials
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Deep-dives across the income statement, cash flow, capital return, and valuation
- 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.