McDonald’s (MCD) revenue breakdown

Consumer Cyclical · Restaurants · Market cap $172.3B

By segment, International Operated Markets is the largest at 51% of fiscal 2025 revenue; U.S. grew fastest, 5% a year over 7 years.

Revenue by segment

Fiscal years, as McDonald’s reports them in its 10-K filings; fiscal 2025 total $26.9B.

Segments2016201720182019202020212022202320242025Share
International Operated Markets—$11.1B$11.6B$11.5B$9.6B$12.2B$11.3B$12.4B$12.6B$13.6B 51%
U.S.——$7.8B$8.0B$7.8B$8.9B$9.6B$10.6B$10.6B$10.8B 40%
International Developmental Licensed Markets & Corporate—$3.7B$1.9B$1.9B$1.8B$2.1B$2.3B$2.5B$2.7B$2.4B 9%
U.S.$8.3B$8.0B———————— —
International Lead Markets$7.2B————————— —
High-Growth Markets$6.2B————————— —
Foundational Markets and Corporate$3.0B————————— —
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Questions

Where does McDonald’s make its money?

In fiscal 2025, by segment: International Operated Markets $13.6B, U.S. $10.8B, International Developmental Licensed Markets & Corporate $2.4B.

From McDonald’s's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.