Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.6B | $22.8B | $21.3B | $21.4B | $19.2B | $23.2B | $23.2B | $25.5B | $25.9B | $26.9B |
| Revenue growth | — | -7.3% | -6.8% | 0.5% | -10.1% | 20.9% | -0.2% | 10.0% | 1.7% | 3.7% |
| Operating income | $7.74B | $9.55B | $8.82B | $9.07B | $7.32B | $10.4B | $9.37B | $11.6B | $11.7B | $12.4B |
| Operating margin | 31.5% | 41.9% | 41.5% | 42.5% | 38.1% | 44.6% | 40.4% | 45.7% | 45.2% | 46.1% |
| Net income | $4.69B | $5.19B | $5.92B | $6.03B | $4.73B | $7.55B | $6.18B | $8.47B | $8.22B | $8.56B |
| Net margin | 19.0% | 22.8% | 27.9% | 28.2% | 24.6% | 32.5% | 26.6% | 33.2% | 31.7% | 31.9% |
| EPS (diluted) | $5.44 | $6.37 | $7.54 | $7.88 | $6.31 | $10.04 | $8.33 | $11.56 | $11.39 | $11.95 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.06B | $5.55B | $6.97B | $8.12B | $6.27B | $9.14B | $7.39B | $9.61B | $9.45B | $10.6B |
| Capital expenditures | $1.82B | $1.85B | $2.74B | $2.39B | $1.64B | $2.04B | $1.90B | $2.36B | $2.77B | $3.37B |
| Free cash flow | $4.24B | $3.70B | $4.22B | $5.73B | $4.62B | $7.10B | $5.49B | $7.25B | $6.67B | $7.19B |
| Share buybacks | $11.2B | $4.69B | $5.21B | $4.98B | $908M | $846M | $3.90B | $3.05B | $2.82B | $2.06B |
| Dividends paid | $3.06B | $3.09B | $3.26B | $3.58B | $3.75B | $3.92B | $4.17B | $4.53B | $4.87B | $5.12B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.22B | $2.46B | $866M | $899M | $3.45B | $4.71B | $2.58B | $4.58B | $1.08B | $774M |
| Total assets | $31.0B | $33.8B | $32.8B | $47.5B | $52.6B | $53.9B | $50.4B | $56.1B | $55.2B | $59.5B |
| Long-term debt | $25.9B | $29.5B | $31.1B | $34.1B | $35.2B | $35.6B | $35.9B | $37.2B | $38.4B | $40.0B |
| Shareholders' equity | -$2.20B | -$3.27B | -$6.26B | -$8.21B | -$7.82B | -$4.60B | -$6.00B | -$4.71B | -$3.80B | -$1.79B |
| Retained earnings | $46.2B | $48.3B | $50.5B | $52.9B | $53.9B | $57.5B | $59.5B | $63.5B | $66.8B | $70.3B |
| Shares (wtd avg diluted) | 861M | 816M | 786M | 765M | 750M | 752M | 741M | 732M | 722M | 716M |
Every figure is extracted from MCDONALDS CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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