Mcdonalds annual free cash flow
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Mcdonalds Free Cash Flow (FCF) History (MCD)
Mcdonalds reported $7.19B in free cash flow for fiscal 2025, an increase of 7.70% from the previous fiscal year, with a free cash flow margin of 26.73%.
View full Mcdonalds company overviewMcdonalds free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.19B | $514.0M | +7.70% | +26.73% |
| 2024 | 2024-12-31 | $6.67B | −$583.0M | −8.04% | +25.74% |
| 2023 | 2023-12-31 | $7.25B | $1.77B | +32.20% | +28.46% |
| 2022 | 2022-12-31 | $5.49B | −$1.61B | −22.72% | +23.67% |
| 2021 | 2021-12-31 | $7.10B | $2.48B | +53.57% | +30.58% |
| 2020 | 2020-12-31 | $4.62B | −$1.10B | −19.27% | +24.08% |
| 2019 | 2019-12-31 | $5.73B | $1.50B | +35.58% | +26.81% |
| 2018 | 2018-12-31 | $4.22B | $527.5M | +14.27% | +19.87% |
| 2017 | 2017-12-31 | $3.70B | −$541.0M | −12.76% | +16.20% |
| 2016 | 2016-12-31 | $4.24B | −$486.7M | −10.30% | +17.21% |
| 2015 | 2015-12-31 | $4.73B | $578.3M | +13.95% | +18.59% |
| 2014 | 2014-12-31 | $4.15B | −$149.1M | −3.47% | +15.11% |
| 2013 | 2013-12-31 | $4.30B | $379.1M | +9.68% | +15.29% |
| 2012 | 2012-12-31 | $3.92B | −$503.4M | −11.39% | +14.21% |
| 2011 | 2011-12-31 | $4.42B | $214.2M | +5.09% | +16.37% |
| 2010 | 2010-12-31 | $4.21B | $407.2M | +10.72% | +17.47% |
| 2009 | 2009-12-31 | $3.80B | $17.4M | +0.46% | +16.70% |
| 2008 | 2008-12-31 | $3.78B | $851.8M | +29.07% | +16.08% |
| 2007 | 2007-12-31 | $2.93B | — | — | +12.86% |
Mcdonalds quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.98B | $722.0M | +57.58% | +27.83% |
| Q1 2026 | 2026-03-31 | $1.73B | −$147.0M | −7.83% | +26.55% |
| Q4 2025 | 2025-12-31 | $1.64B | −$188.0M | −10.30% | +23.37% |
| Q3 2025 | 2025-09-30 | $2.42B | $475.0M | +24.46% | +34.15% |
| Q2 2025 | 2025-06-30 | $1.25B | $193.0M | +18.19% | +18.33% |
| Q1 2025 | 2025-03-31 | $1.88B | $34.0M | +1.84% | +31.51% |
| Q4 2024 | 2024-12-31 | $1.83B | $94.0M | +5.43% | +28.58% |
| Q3 2024 | 2024-09-30 | $1.94B | −$517.0M | −21.02% | +28.26% |
| Q2 2024 | 2024-06-30 | $1.06B | −$86.0M | −7.50% | +16.35% |
| Q1 2024 | 2024-03-31 | $1.84B | −$74.0M | −3.86% | +29.88% |
| Q4 2023 | 2023-12-31 | $1.73B | $59.0M | +3.53% | +27.04% |
| Q3 2023 | 2023-09-30 | $2.46B | $556.3M | +29.24% | +36.75% |
| Q2 2023 | 2023-06-30 | $1.15B | $966.8M | +536.51% | +17.65% |
| Q1 2023 | 2023-03-31 | $1.92B | $184.9M | +10.67% | +32.50% |
| Q4 2022 | 2022-12-31 | $1.67B | −$306.3M | −15.48% | +28.23% |
| Q3 2022 | 2022-09-30 | $1.90B | −$213.6M | −10.09% | +32.40% |
| Q2 2022 | 2022-06-30 | $180.2M | −$1.07B | −85.59% | +3.15% |
| Q1 2022 | 2022-03-31 | $1.73B | −$23.2M | −1.32% | +30.57% |
| Q4 2021 | 2021-12-31 | $1.98B | $449.6M | +29.39% | +32.94% |
| Q3 2021 | 2021-09-30 | $2.12B | −$433.0M | −16.99% | +34.13% |
| Q2 2021 | 2021-06-30 | $1.25B | $1.77B | — | +21.24% |
| Q1 2021 | 2021-03-31 | $1.76B | $691.8M | +65.05% | +34.25% |
| Q4 2020 | 2020-12-31 | $1.53B | $372.3M | +32.17% | +28.79% |
| Q3 2020 | 2020-09-30 | $2.55B | $811.3M | +46.68% | +47.05% |
| Q2 2020 | 2020-06-30 | −$518.1M | −$1.85B | — | −13.77% |
| Q1 2020 | 2020-03-31 | $1.06B | −$441.8M | −29.35% | +22.56% |
| Q4 2019 | 2019-12-31 | $1.16B | $519.6M | +81.47% | +21.32% |
| Q3 2019 | 2019-09-30 | $1.74B | −$29.3M | −1.66% | +31.59% |
| Q2 2019 | 2019-06-30 | $1.33B | $600.2M | +82.50% | +24.54% |
| Q1 2019 | 2019-03-31 | $1.51B | $412.9M | +37.80% | +29.96% |
| Q4 2018 | 2018-12-31 | $637.8M | $168.9M | +36.02% | +11.82% |
| Q3 2018 | 2018-09-30 | $1.77B | $499.7M | +39.42% | +32.91% |
| Q2 2018 | 2018-06-30 | $727.5M | −$117.2M | −13.87% | +13.59% |
| Q1 2018 | 2018-03-31 | $1.09B | −$23.9M | −2.14% | +21.26% |
| Q4 2017 | 2017-12-31 | $468.9M | $325.5M | +226.99% | +8.78% |
| Q3 2017 | 2017-09-30 | $1.27B | −$578.2M | −31.33% | +22.03% |
| Q2 2017 | 2017-06-30 | $844.7M | −$51.2M | −5.71% | +13.96% |
| Q1 2017 | 2017-03-31 | $1.12B | −$237.1M | −17.52% | +19.67% |
| Q4 2016 | 2016-12-31 | $143.4M | −$642.6M | −81.76% | +2.38% |
| Q3 2016 | 2016-09-30 | $1.85B | $311.1M | +20.27% | +28.73% |
| Q2 2016 | 2016-06-30 | $895.9M | −$201.7M | −18.38% | +14.30% |
| Q1 2016 | 2016-03-31 | $1.35B | $46.5M | +3.56% | +22.92% |
| Q4 2015 | 2015-12-31 | $786.0M | $49.0M | +6.65% | +12.39% |
| Q3 2015 | 2015-09-30 | $1.53B | $360.7M | +30.72% | +23.20% |
| Q2 2015 | 2015-06-30 | $1.10B | $200.2M | +22.31% | +16.89% |
| Q1 2015 | 2015-03-31 | $1.31B | −$31.6M | −2.36% | +21.93% |
| Q4 2014 | 2014-12-31 | $737.0M | −$232.5M | −23.98% | +11.21% |
| Q3 2014 | 2014-09-30 | $1.17B | −$189.4M | −13.89% | +16.80% |
| Q2 2014 | 2014-06-30 | $897.4M | −$13.0M | −1.43% | +12.50% |
| Q1 2014 | 2014-03-31 | $1.34B | $285.8M | +27.15% | +19.98% |
| Q4 2013 | 2013-12-31 | $969.5M | $115.0M | +13.46% | +13.67% |
| Q3 2013 | 2013-09-30 | $1.36B | $117.2M | +9.40% | +18.62% |
| Q2 2013 | 2013-06-30 | $910.4M | $139.3M | +18.07% | +12.85% |
| Q1 2013 | 2013-03-31 | $1.05B | $7.6M | +0.73% | +15.94% |
| Q4 2012 | 2012-12-31 | $854.5M | $8.3M | +0.98% | +12.29% |
| Q3 2012 | 2012-09-30 | $1.25B | −$231.1M | −15.64% | +17.42% |
| Q2 2012 | 2012-06-30 | $771.1M | −$281.3M | −26.73% | +11.15% |
| Q1 2012 | 2012-03-31 | $1.05B | $700,000 | +0.07% | +15.96% |
| Q4 2011 | 2011-12-31 | $846.2M | −$63.5M | −6.98% | +12.40% |
| Q3 2011 | 2011-09-30 | $1.48B | $56.0M | +3.94% | +20.61% |
| Q2 2011 | 2011-06-30 | $1.05B | $198.2M | +23.20% | +15.24% |
| Q1 2011 | 2011-03-31 | $1.04B | $23.5M | +2.30% | +17.09% |
| Q4 2010 | 2010-12-31 | $909.7M | $164.9M | +22.14% | +14.64% |
| Q3 2010 | 2010-09-30 | $1.42B | $69.9M | +5.17% | +22.54% |
| Q2 2010 | 2010-06-30 | $854.2M | −$131.5M | −13.34% | +14.37% |
| Q1 2010 | 2010-03-31 | $1.02B | $303.9M | +42.38% | +18.20% |
| Q4 2009 | 2009-12-31 | $744.8M | −$426.7M | −36.42% | +12.47% |
| Q3 2009 | 2009-09-30 | $1.35B | $571.4M | +73.26% | +22.35% |
| Q2 2009 | 2009-06-30 | $985.7M | — | — | +17.45% |
| Q1 2009 | 2009-03-31 | $717.0M | — | — | +14.12% |
| Q3 2008 | 2008-09-30 | $1.17B | — | — | +18.69% |
| Q2 2008 | 2008-06-30 | $780.0M | — | — | +12.84% |
Mcdonalds free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $4.62B to $7.19B, a compound annual growth rate of 9.22%. Mcdonalds's latest reported quarter, Q2 2026, generated $1.98B in free cash flow, an increase of 57.58% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Mcdonalds filings at SEC.gov ↗