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McDonald's $MCD

Consumer Discretionary · Restaurants · NYSE/NASDAQ

S&P 500 Dow Jones Russell 1000 Illinois

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$242.50

+4.19 (+1.76%)

As of Oct 15, 2026, 10:46 PM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jul 23, 2026, the first target we tracked for MCD.

McDonald's (MCD) is trading up at $242.50 (+1.76%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.

Analyst price targets on MCD

Current price targets from 8 firms average $291, median $284, ranging from $230 to $350 — the average is 20% above the current $243. Each is tracked to its date and scored the same way a member's call is.

Bernstein $236 → $250 by Oct 2027 Oct 8, 2026 via Stocktwits · Bernstein's track record
Wells Fargo $233 → $270 by Oct 2027 Oct 6, 2026 via AD HOC NEWS · Wells Fargo's track record
TD Cowen $232 → $270 by Oct 2027 Hold Oct 3, 2026 via Stocktwits · TD Cowen's track record
Melius Research $232 → $230 by Oct 2027 Sell Oct 1, 2026 via Stocktwits · Melius Research's track record
Morgan Stanley $232 → $297 by Oct 2027 Equal Weight Oct 1, 2026 via Stocktwits · Morgan Stanley's track record
TD Cowen $234 → $270 by Sep 2027 Hold Sep 28, 2026 via TradingView · TD Cowen's track record
UBS $271 → $340 by Jul 2027 Buy Jul 27, 2026 via GuruFocus · UBS's track record
BTIG $265 → $350 by Jul 2027 Jul 24, 2026 via GuruFocus · BTIG's track record
Evercore ISI $263 → $320 by Jul 2027 Outperform Jul 23, 2026 via GuruFocus · Evercore ISI's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

McDonald's revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

McDonald's annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$24.6B	$22.8B	$21.3B	$21.4B	$19.2B	$23.2B	$23.2B	$25.5B	$25.9B	$26.9B
Growth (year over year)	−3.1%	−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
Balance sheet
Cash and equivalents	$1.22B	$2.46B	$866.0M	$898.5M	$3.45B	$4.71B	$2.58B	$4.58B	$1.08B	$774.0M
Total assets	$31.0B	$33.8B	$32.8B	$47.5B	$52.6B	$53.9B	$50.4B	$56.1B	$55.2B	$59.5B
Total liabilities	$33.2B	$37.1B	$39.1B	$55.7B	$60.5B	$58.5B	$56.4B	$60.9B	$59.0B	$61.3B
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
Cash flow
Operating cash flow	$6.06B	$5.55B	$6.97B	$8.12B	$6.27B	$9.14B	$7.39B	$9.61B	$9.45B	$10.6B
Capital expenditure	$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
Dividends paid	$3.06B	$3.09B	$3.26B	$3.58B	$3.75B	$3.92B	$4.17B	$4.53B	$4.87B	$5.12B
Share buybacks	$11.2B	$4.69B	$5.21B	$4.98B	$907.8M	$845.5M	$3.90B	$3.05B	$2.82B	$2.06B

RevenueNet incomeNet margin (right axis, %)

McDonald's quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$6.87B	$6.39B	$5.96B	$6.84B	$7.08B	$7.01B	$6.52B	$7.10B
Growth (year over year)	+2.7%	−0.3%	−3.5%	+5.4%	+3.0%	+9.7%	+9.4%	+3.7%
Gross profit	$6.23B	—	$5.34B	$6.19B	$6.41B	—	$5.84B	$6.42B
Gross margin	90.6%	—	89.6%	90.4%	90.6%	—	89.6%	90.4%
Operating income	$3.19B	$2.87B	$2.65B	$3.23B	$3.36B	$3.16B	$2.95B	$3.34B
Operating margin	46.4%	44.9%	44.5%	47.2%	47.4%	45.0%	45.3%	47.0%
Net income	$2.25B	$2.02B	$1.87B	$2.25B	$2.28B	$2.16B	$1.98B	$2.36B
Net margin	32.8%	31.6%	31.4%	32.9%	32.2%	30.9%	30.4%	33.3%
EPS (diluted)	$3.13	$2.80	$2.60	$3.14	$3.18	$3.03	$2.78	$3.32
Balance sheet
Cash and equivalents	$1.22B	$1.08B	$1.24B	$1.88B	$2.41B	$774.0M	$1.17B	$822.0M
Total assets	$56.2B	$55.2B	$56.3B	$59.6B	$60.6B	$59.5B	$60.0B	$59.9B
Total liabilities	$61.3B	$59.0B	$59.8B	$62.3B	$62.8B	$61.3B	$61.3B	$60.9B
Long-term debt	$39.0B	$38.4B	$38.8B	$40.8B	$39.5B	$40.0B	$40.1B	$39.9B
Shareholders' equity	−$5.18B	−$3.80B	−$3.45B	−$2.76B	−$2.16B	−$1.79B	−$1.29B	−$1.02B
Cash flow
Operating cash flow	$2.74B	$2.63B	$2.43B	$2.00B	$3.43B	$2.70B	$2.41B	$2.81B
Capital expenditure	$794.0M	$806.0M	$551.0M	$744.0M	$1.01B	$1.06B	$682.0M	$831.0M
Free cash flow	$1.94B	$1.83B	$1.88B	$1.25B	$2.42B	$1.64B	$1.73B	$1.98B
Dividends paid	$1.20B	$1.27B	$1.27B	$1.26B	$1.26B	$1.32B	$1.32B	$1.32B
Share buybacks	$469.0M	$503.0M	$477.0M	$505.0M	$501.0M	$573.0M	$396.0M	$856.0M

From McDonald's's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About McDonald's

McDonald's Corporation is an American multinational fast food restaurant chain. Founded in 1940 as a restaurant operated by brothers Richard and Maurice McDonald in San Bernardino, California, the company has grown into one of the world's largest restaurant chains. At the end of 2025, the McDonald's system comprised 45,356 restaurants in more than 100 countries, approximately 95% of which were operated by franchisees.

Source: Wikipedia — McDonald's