MCD at a glance
McDonald's (MCD, SEC CIK 63908) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 23, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), McDonald's (MCD) reported revenue of $26.9 billion (up 3.7% from FY2024) and net income of $8.6 billion. Diluted EPS was $11.95.
- As of June 30, 2026, 75 institutional investment managers tracked by SignalX reported holding McDonald's (MCD) shares worth $76.9 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $26.9B
- +3.7% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 75 funds
- $76.9B · −3 vs prior quarter
- Latest 8-K
- Sep 23, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- EU AI Act and U.S. state-level AI regulations creating compliance obligations around transparency, bias mitigation, and explainability for McDonald's expanding AI deployments
- Governmental trade tariffs, sanctions, and foreign exchange controls across 100+ countries exposing System to supply disruption and anti-American sentiment-driven demand loss
- Certain supply chain items sourced from limited suppliers, raising concentration risk for ingredients, equipment, and materials critical to restaurant operations
- Intense competition from fast casual and non-traditional players (convenience stores, grocery stores, online retailers) threatening market share in the IEO segment
- Heavily franchised structure creates revenue dependency on franchisee sales performance, with franchisee financing access tied to credit market conditions
Business Overview
- Section 'business' was empty or not found.
Management Discussion & Analysis
- Revenue $26.9B, up 4% YoY (2% constant currency); franchised revenues $16.5B up 5%, Company-owned sales $9.7B down 1%
- Operating margin 46.1% vs 45.2% in 2024; non-GAAP operating margin 46.9% vs 46.3%
- Best segment: International Operated Markets, comp sales +3.2% and franchised margins up 8%; worst: U.S. Company-owned sales down 3% with U.S. Company-owned margins down 14%
- Cash from operations $10.6B (+12%); capex $3.4B (+21%); $7.1B returned to shareholders ($2.0B buybacks, $5.1B dividends)
- 2026 guidance: operating margin mid-to-high 40% range, capex $3.7–$3.9B, ~2,600 new restaurant openings; key risks: discerning consumer spending, FX headwinds, AI/cybersecurity exposure
AI summary of the MCD 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $7,099M, up 4% YoY from $6,843M; franchised revenue $4,393M, up 4%
- Operating income $3,338M, up 3% YoY from $3,232M; operating margin 47.0% vs 47.2%
- Best segment: International Developmental Licensed Markets, comparable sales up 1.9%; worst: U.S., up 0.8%
- Dividend $1.3B and share repurchases $858M, including 3.0M shares during the quarter
- NEXT Strategy launched in June 2026; comparable guest counts remained negative in the U.S.
Risk Factors
- Risk factors not provided; filing directs readers to Part I, Item 2
- Share-repurchase authorization: $15.0 billion approved November 21, 2024
- Repurchases: 2,973,917 shares purchased during quarter at $288.62 average price
- Remaining repurchase capacity: $11,731,806,872 at June 30, 2026
AI summary of the MCD 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- New targets announced to advance McDonald’s > NEXT strategy
- Investor release filed as Exhibit 99.1, containing the substantive target details
Item EX-99.1: Item EX-99.1
- NEXT targets +1.5 percentage points of chicken and beverage share by 2030 while maintaining beef leadership
- Operating margin targeted in the low-to-mid 50% range by 2030, with G&A at approximately 1.9% of Systemwide sales
Item 2.02: Results of Operations and Financial Condition
- Q2 and six-month results through June 30, 2026 disclosed under Item 2.02
- Investor release filed as Exhibit 99.1 with supplemental financial information in Exhibit 99.2
Item EX-99.1: Item EX-99.1
- Q2 revenue $7.099B, up 4%; operating income $3.338B, up 3%; EPS $3.32, up 6%
- Global comparable sales rose 1.3%, led by International Developmental Licensed Markets at 1.9%
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Joseph M. Erlinger departing executive vice president and McDonald’s USA president effective August 4, 2026
- Advisory role through early 2027 supports leadership transition continuity
Item 7.01: Regulation FD Disclosure
- Skye Anderson appointed Executive Vice President and President of McDonald’s USA effective August 4, 2026
- Anderson brings more than 26 years of McDonald’s experience and previously served as U.S. Chief Operating Officer
AI summaries of MCD 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for MCD
Don't miss the next MCD filing
- Alerts as it files. A push when MCD files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut MCD, by share count.
- Ask anything. An AI agent that reads every MCD filing and answers with sources.
MCD alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Hsu Michael D. | A | Sep 30, 2026 | 129.9 | $230.94 |
| Taubert Jennifer L | A | Sep 30, 2026 | 129.9 | $230.94 |
| Dean Lloyd H | A | Sep 30, 2026 | 156.97 | $230.94 |
| Elting Lauren B | M | Aug 7, 2026 | 990 | - |
| Elting Lauren B | M | Aug 7, 2026 | 48 | - |
| Elting Lauren B | M | Aug 7, 2026 | 48 | - |
| Elting Lauren B | F | Aug 7, 2026 | 304 | $274.48 |
| Elting Lauren B | M | Aug 7, 2026 | 990 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $25.9B | $26.9B |
| Operating Income | $11.6B | $11.7B | $12.4B |
| Net Income | $8.5B | $8.2B | $8.6B |
| Op. Margin | - | 45.2% | 46.1% |
| Net Margin | - | 31.7% | 31.9% |
| Balance Sheet | |||
| Total Assets | - | $55.2B | $59.5B |
| Equity | - | -$3.8B | -$1.8B |
| ROE | - | -216.6% | -478.1% |
| Per Share | |||
| EPS | - | $11.39 | $11.95 |
| Cash Flow | |||
| Operating CF | $9.6B | $9.4B | $10.6B |
| CapEx | $2.4B | $2.8B | $3.4B |
Source: XBRL data in McDonald's (MCD)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate MCD share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 75 | $76.91B |
| Q1 2026 | 78 | $91.14B |
| Q4 2025 | 75 | $89.95B |
| Q3 2025 | 76 | $101.06B |
| Q2 2025 | 75 | $86.55B |
| Q1 2025 | 72 | $74.15B |
| Q4 2024 | 67 | $47.43B |
| Q3 2024 | 61 | $26.21B |
- Franklin Resources+692.6K (+16%)
- State Street Corp+646.7K (+2%)
- Citadel Advisors LLC+476.8K (+196%)
- AQR Capital Management+346.4K (+53%)
- Invesco Ltd+273.2K (+8%)
- JPMorgan Chase & Co−5.73M (-15%)
- Bank of America Corp−1.16M (-10%)
- Viking Global Investors−795.9K (-22%)
- Goldman Sachs Group−738.8K (-15%)
- T. Rowe Price Group−710.1K (-7%)
- WESTWOOD HOLDINGS GROUP INC−99.8K
- Two Sigma Investments−76.9K
- Blackstone Group−12.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 579 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
MCD filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 8-K | Sep 23, 2026 | - | Analysis | - |
| 4 | Aug 11, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 10, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | May 27, 2026 | - | - | |
| 8-K | May 22, 2026 | - | Analysis | |
| SC 13G | May 13, 2026 | - | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Apr 23, 2026 | - | - | - |
| 4 | Apr 13, 2026 | - | - | - |
| 8-K | Apr 2, 2026 | - | Analysis | - |
| 4 | Mar 24, 2026 | - | - | - |
| 4 | Mar 19, 2026 | - | - | - |
| 4 | Mar 11, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
Related Consumer Discretionary companies
- BH · Biglari Holdings Inc.Retail-Eating Places
- BJRI · BJs RESTAURANTS INCRetail-Eating Places
- BLMN · Bloomin' Brands, Inc.Retail-Eating Places
- EAT · BRINKER INTERNATIONAL, INCRetail-Eating Places
- CAVA · Cava Group IncRetail-Eating Places
- CAKE · CHEESECAKE FACTORY INCRetail-Eating Places
- CMG · Chipotle Mexican GrillRetail-Eating Places
- CBRL · CRACKER BARREL OLD COUNTRY STORE, INCRetail-Eating Places
MCD SEC filings: frequently asked questions
Which institutions hold MCD stock?
As of June 30, 2026, the largest McDonald's (MCD) holders among the 13F filers tracked by SignalX were BlackRock ($15.0 billion), Vanguard Capital Management LLC ($12.5 billion), State Street Corp ($9.8 billion), JPMorgan Chase & Co ($8.5 billion), Vanguard Portfolio Management LLC ($5.1 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was MCD's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), McDonald's (MCD) reported revenue of $26.9 billion (up 3.7% from FY2024) and net income of $8.6 billion. Diluted EPS was $11.95. The figures come from the XBRL data in the 10-K.
What are the main risks in MCD's latest 10-K?
In the 10-K filed February 24, 2026, McDonald's (MCD) flagged: EU AI Act and U.S. state-level AI regulations creating compliance obligations around transparency, bias mitigation, and explainability for McDonald's expanding AI deployments. Governmental trade tariffs, sanctions, and foreign exchange controls across 100+ countries exposing System to supply disruption and anti-American sentiment-driven demand loss. (AI summary of the Risk Factors section.)
What did MCD report in its latest 8-K?
McDonald's (MCD) filed an 8-K on September 23, 2026 reporting Item 7.01 (Regulation FD Disclosure). New targets announced to advance McDonald’s > NEXT strategy.
What are the latest MCD SEC filings?
McDonald's (MCD) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 23, 2026 and a Form 4 insider filing on October 2, 2026.
What is MCD's SEC CIK number?
McDonald's (MCD)'s SEC Central Index Key (CIK) is 63908. EDGAR lists every MCD filing under that number.
Ask anything about MCD
The research agent reads MCD's filings, financials, insider trades and 13F holders, then answers with sources.