MCDMcDonald's

Consumer discretionary · Restaurants · NYSE

Headquarters: Chicago, IL
Next results: around Feb 10, 2027

RevenueFY2016–25 $26.9B+3.7% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $8.6B+4.1% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $7.2B+7.7% FY2024: $6.7B 10-K FY2025 · XBRL Operating marginFY2016–25 46.1%+0.9 pts 31.5% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 24, 2026 against Feb 25, 2025

Area	What changed	Source
Risk factors	2 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	11 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 24, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-25. Quoted as filed.

Consumer acceptance of our menu offerings is subject to change for a variety of reasons, and some changes can occur rapidly. For example, health, environmental and other scientific studies and practices (such as changes to dietary guidelines or use of weight-loss medications), continuously evolve and may have contradictory implications,…
10-K, Item 1A

All 2 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +3.5% vs revenue +3.7% (-0.2 pts)
✓
Cash from operations $10.6B vs net income $8.6B (FY ending 2025-12-31)
✓
Inventory +8.9% vs revenue +3.7% (+5.2 pts)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: McDonald's Corporation 2025 Annual Report 65; Measurement of Unrecognized Tax Benefits
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 6, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 4, 20268-K Quarterly results 8-K item 2.02

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