McDonald’s reported FY 2025 results with total revenues of USD 26.9 billion (+4%), including revenues from franchised restaurants of USD 16.5 billion (+5%), sales by company-owned and operated restaurants of USD 9.7 billion, and other revenues of USD 647 million. Operating income was USD 12.4 billion (+6%), with operating margin of 46.1%, interest expense of USD 1.6 billion (+5%), income before income taxes of USD 10.9 billion (+5%), and net income of USD 8.6 billion (+4%); diluted EPS was USD 11.95 (+5%). Cash provided by operations was USD 10.6 billion (+12%), capital expenditures were USD 3.4 billion, and free cash flow was USD 7.2 billion. Systemwide sales were USD 139.4 billion (+7%), and global comparable sales rose 3.1% (U.S. +2.1%, International Operated Markets +3.2%, International Developmental Licensed Markets +4.6%). McDonald’s ended 2025 with 45,356 restaurants, with nearly 2,300 new restaurants opened across the System during the year, and said it plans about 2,600 gross openings in 2026 while progressing toward 50,000 restaurants by end of 2027. The company highlighted continued execution of its Accelerating the Arches strategy, including scaling loyalty across 70 markets with targets of 250 million 90-day active users and USD 45.0 billion in annual Systemwide sales to loyalty members by end of 2027, expanding delivery availability to nearly 41,000 restaurants, and rolling out “Ready on Arrival” across its top six markets by end of 2025. McDonald’s returned USD 7.1 billion to shareholders in FY 2025 via dividends and share repurchases, repurchasing 6.7 million shares for USD 2.0 billion, and increased its quarterly dividend 5% to USD 1.86 for Q4 (equivalent to USD 7.44 annually).

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