McDonald's Q4 FY25: where the revenue came from and where it went
The whole income statement of McDonald's for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 24, 2026
Revenue$7.01B
+10% year over year
Gross profit$4.15B
59% margin
Operating profit$3.16B
45% margin
Net profit$2.16B
31% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 7.01 | 100% | +10% |
| Operated markets | 3.60 | 51% | +13% |
| US market | 2.78 | 40% | +5% |
| International developmental | 0.63 | 9% | +11% |
| Cost of revenue | −2.86 | 41% | |
| Gross profit | 4.15 | 59% margin | +0pp |
| SG&A | −0.87 | 12% | +0pp |
| Other | −0.12 | 2% | +0pp |
| Operating profit | 3.16 | 45% margin | +0pp |
| Interest & other costs | −0.40 | ||
| Tax | −0.59 | ||
| Net profit | 2.16 | 31% margin | −1pp |
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