Globally famous brand McDonald’s recorded a net income of approximately 8.22 billion U.S. dollars in 2024. The net income of a business is its income minus cost of goods sold, expenses, and taxes for a specific period (in this case it is measured over the course of a year).The company's fiscal year ends on December 31st.

McDonald's net income/loss for the twelve months ending March 31, 2025 was $20.249B, a 3.3% decline year-over-year. McDonald's annual net income/loss for 2024 was $8.223B, a 2.9% decline from 2023. McDonald's annual net income/loss for 2023 was $8.469B, a 37.11% increase from 2022. McDonald's annual net income/loss for 2022 was $6.177B, a 18.13% decline from 2021.

McDonald's generated a total revenue of ***** billion U.S. dollars in 2024. In that year, when looking at McDonald’s revenue by region, the country that generated the highest portion of revenue was the United States - accounting for ***** billion U.S. dollars. However, internationally operated markets including, but not exclusive to, Australia, France, Canada, and the UK, contributed the largest sum to the McDonald's total revenue in 2024. How did McDonald’s start? McDonald’s was originally founded in 1940 in San Bernardino, California, United States by Richard, and Maurice McDonald. It was eventually turned into a franchise operation and was bought from the McDonald’s brothers in 1955 by businessman Ray Kroc. In 2024, there were over ** thousand conventionally franchised McDonald's restaurants worldwide, which constituted the majority of its ****** establishments across the globe. The burger behemoth earned most of its revenue from McDonald’s franchised restaurants and received ***** billion U.S. dollars through this mode of operation in 2024. Is McDonald’s the largest quick service chain? McDonald’s had the highest brand value of any quick service restaurant company by a large margin in 2024. Not only that, but it also ranked in the top 100 biggest companies in the world in 2024. The biggest player in the market that year was ********** with a total market capitalization amounting to over *** trillion U.S. dollars.

McDonald's net profit margin for the quarter ending March 31, 2025 was 31.75%. McDonald's average net profit margin for 2024 was 32.28%, a 0.12% decline from 2023. McDonald's average net profit margin for 2023 was 32.24%, a 19.67% increase from 2022. McDonald's average net profit margin for 2022 was 26.94%, a 12.28% increase from 2021. Net profit margin can be defined as net Income as a portion of total sales revenue.

Fast food giant McDonald’s recorded a revenue of approximately 10.41 billion U.S. dollars in the United States alone in 2024. Comparatively, international operated markets accounted for the highest amount of revenue, with 12.46 billion U.S. dollars. Due to the company's widespread success, McDonald's has become one of the most well-known fast food restaurants in the United States. The McDonald's brandMcDonald’s is arguably one of the most recognizable brands worldwide, let alone within the quick service market. In 2023, the company had over 41 thousand restaurants all over the globe. The majority of these were based in the United States. However, the number of McDonald's restaurants worldwide is expanding in other regions as well. In 2024, there were 13,557 McDonald's restaurants located in the United States. Meanwhile, there were 10,512 restaurants located in international operated markets. Why did McDonald's revenue decrease? The quick service restaurant market has become increasingly competitive in recent years and while McDonald’s remains profitable, revenue has generally declined over the past decade. The McDonald’s business model – easily affordable food, clean environment, accessible by all - was something that revolutionized food service. However, in recent years, this has been replicated by many other restaurants. This could be one of the many reasons there has been an overall decrease in revenue for the company throughout the past decade. McDonald's revenue did see an increase, however, from 2023 to 2024.

The quarterly revenue of McDonald's fluctuated between the first quarter of 2019 and the first quarter of 2025. In the first quarter of 2025, McDonald's generated a revenue of **** billion U.S. dollars worldwide.

During the 2024 financial year, franchised restaurants accounted for a larger share of McDonald's total revenue, amounting to ***** billion U.S. dollars. That was over **** billion U.S. dollars more than the revenue generated by company-operated restaurants.

McDonald's Corporation's annual revenue was $25.92 B in fiscal year 2024. The annual revenue increased $425.00 M from $25.50 B (in 2023) to $25.92 B (in 2024), representing a 1.67% year-over-year growth.

Global fast food burger chain McDonald's reported an operating profit of approximately ***** billion U.S. dollars in 2024. This shows a slight increase over the previous year's total of ***** billion U.S. dollars.

In fiscal year 2024, the revenue per employee at McDonald's Corporation was $172.80 K. The revenue per employee increased by $2.83 K from $169.97 K (in 2023) to $172.80 K (in 2024).

McDonald's return on tangible equity for the quarter ending March 31, 2025 was -109.37. McDonald's average return on tangible equity for 2024 was -106.26, a 13.84% increase from 2023. McDonald's average return on tangible equity for 2023 was -93.34, a 26.55% increase from 2022. McDonald's average return on tangible equity for 2022 was -73.76, a 5.1% increase from 2021. Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.

McDonald's Corporation's annual net income per employee was $54.82 K in fiscal year 2024. The net income per employeedecreased$1.64 Kfrom $56.46 K(in 2023) to $54.82 K (in 2024), representing a -2.90% year-over-year decline.

The operating profit of McDonald's Holdings Company (Japan), Ltd. with headquarters in Japan amounted to 40.88 billion Japanese yen in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately 9.59 billion Japanese yen. The trend from 2020 to 2023 shows, however, that this increase did not happen continuously.

In 2024, McDonald's reported that its systemwide sales to loyalty members amounted to more than ** billion U.S. dollars. The company stated that it was hoping to reach ** billion by the end of 2027.

The total revenue of McDonald's operated by Westlife Development Private Limited (WDL) in India was over nearly ** billion Indian rupees in fiscal year 2024.WDL operates McDonald’s restaurants across West and South India, through Hardcastle Restaurants Private Limited (HRPL), its wholly-owned subsidiary.

As of January 2025, New South Wales was home to the highest number of McDonald's locations in Australia, with over 330 stores. In comparison, there were only 16 McDonald's restaurants in Tasmania that same year. In total, almost 1,050 McDonald's stores were in operation nationwide in 2025. Australia: one of McDonald’s leading international markets Famous for its Big Mac, American quick service restaurant (QSR) chain McDonald’s is by far the most valuable fast food brand worldwide, with an estimated brand value of almost 222 billion U.S. dollars. The Australian McDonald’s franchise is one of the largest contributors to McDonald’s total revenue among the company’s internationally operated markets. In 2023, McDonald’s Australia Holdings Pty Ltd generated an annual revenue of around 831 million U.S. dollars. Battle of the burger chains McDonald’s and Hungry Jack’s are the most prevalent burger franchises in Australia, with McDonald’s recording the highest brand score index value across Australia’s QSRs in 2024. In terms of locations, McDonald’s boasted the highest number of locations of all burger franchises across Australia in 2025 and had more than double the number of stores compared to Hungry Jack’s. Nonetheless, by a small margin, Australian consumers voted Hungry Jack’s as being better value for money than McDonald’s. Furthermore, the Big Jack was rated higher across all categories than the Big Mac regarding taste, quality of ingredients, and value for money. Popular Australian burger chain Grill’d also keeps its foot in the door of Australia’s burger market due to its extensive variety of burger options and highly-rated dine-in experience. With Wendy’s and Mr. Charlie’s entering Australia’s fast food market, the battle of the country’s burger chains may become even more intense.

Just Eat may be the best example of perfect market fit in the wrong country. Launched in Denmark in 2001, the team slowly realised they had built a great service for local businesses, but in a...

A weak spending environment amid economic headwinds casts a shadow over industry performance. Squeezed budgets amid the cost-of-living crisis were a double-edged sword for takeaways and fast-food restaurants over the two years through 2023-24: some consumers cut back on takeaways, while others traded down from full-service restaurants to takeaways and fast food. Inflationary pressures resulted in hikes in labour, energy and sourcing costs, straining profitability. Those with higher disposable incomes have been less impacted, demanding higher quality and healthier options, typically with a higher price tag. Subsiding inflation and growing consumer confidence support spending in 2024-25, though economic uncertainty persists and limits growth. Revenue is projected to drop at a compound annual growth rate of 0.8% over the five years through 2024-25, reflecting ongoing challenges. However, forecast growth of 2.1% in 2024-25 suggests a rebound in the industry as cost-of-living pressures subside. The surge of online food ordering has fuelled revenue growth. While online sales peaked during the pandemic, consumers drawn to convenience have become accustomed to ordering takeaways and fast food online. The development of state-of-the-art online platforms and third-party online ordering platforms like Deliveroo and Uber Eats are becoming the bread and butter for takeaway and fast-food outlets, encouraging new players into the industry. Britons' growing health and sustainability consciousness presents an opportunity for takeaway and fast-food businesses to introduce more expensive organic and meat-free menu items to boost revenue and profit. Britons’ tastes for healthy and sustainable takeaway options will continue to climb. Stricter legislation regarding the adverse effects of consuming junk food will promote product development innovation and healthy fast-food alternatives, driving additional revenue streams. As workers return to the office more permanently, demand for takeaway lunch options will swell. Fast food chains will pump money into aggressive expansion plans to secure market share and streamline costs. Investment in marketing will likely swell as operators turn to social media and online advertising to attract younger consumers and secure long-term revenues. Spending on innovation will persist as major players leverage AI and technology advancements to differentiate themselves from competitors and further demand. Revenue is forecast to climb at a compound annual rate of 2.9% to £26.6 billion over the years through 2029-30.

The net sales of McDonald's Australia Holdings Pty Limited amounted to approximately *** million U.S. dollars in 2023, representing an increase compared to the previous year. More information on McDonald's Australia Holdings Pty Ltd and other companies worldwide can be found on the Statista Company Database.

According to Cognitive Market Research, The Global Food Service Market size is USD 2601.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 11.00% from 2023 to 2030.

The demand for Food Service Market is rising due to the rise in outdoor and adventure activities.
Changing consumer lifestyle trends are higher in the Food Service market.
The ready prepared foodservice system category held the highest Food Service Market revenue share in 2023.
Asia Pacific Food Service will continue to lead, whereas the North America Food Service Market will experience the most substantial growth until 2030.

Rise in Outdoor and Adventure Activities to Provide Viable Market Output

The increasing popularity of outdoor and adventure activities is poised to be a significant catalyst for a robust market output in the Food Service segment. As more individuals embrace outdoor lifestyles, engaging in camping, hiking, and road trips, the demand for portable refrigeration solutions has witnessed a notable surge. Food Services, designed to offer on-the-go cooling for food and beverages, aligns seamlessly with adventure enthusiasts seeking convenient and efficient ways to preserve perishables during their travels. The rise in outdoor activities, coupled with a growing culture of exploration and adventure travel, positions the Food Service market as an essential companion for those seeking independence and self-sufficiency in their outdoor experiences. This trend is expected to drive sustained market growth, with manufacturers likely to focus on innovations that cater specifically to the demands of this expanding consumer base.

For instance, in July 2023, McDonald’s demonstrated consistently Strong Results. The success could be attributed to various factors such as effective business strategies, innovative product offerings, strong customer loyalty, or successful international expansion.

(Source:corporate.mcdonalds.com/corpmcd/our-stories/article/Q2-2023-earnings.html)

Changing Consumer Lifestyles to Propel Market Growth

The food service market is expected to experience growth propelled by changing consumer lifestyles. Evolving societal dynamics, such as busier schedules, an increased focus on convenience, and a rising preference for dining experiences, are driving shifts in consumer behavior. This has led to a surge in demand for quick-service restaurants (QSRs), food delivery services, and innovative dining options. Additionally, there is a growing emphasis on health and wellness, influencing consumers to seek out nutritious and sustainable food choices. The industry is responding by adapting menus, incorporating diverse and health-conscious options, and leveraging technology for efficient ordering and delivery services. As consumer lifestyles continue to evolve, the food service market is poised for expansion, with opportunities for businesses that can cater to the changing preferences and demands of today's dynamic consumer base.

For instance, in April 2021, Crothall Healthcare And Nuvolo partnered to Launch the Next Generation Cloud Platform For Healthcare Clinical Engineering Program Management. Leveraging Nuvolo's expertise in cloud-based enterprise asset management and Crothall Healthcare's extensive experience in healthcare services, the collaboration seeks to address the complex challenges of managing medical equipment and devices efficiently.

(Source:www.compass-usa.com/crothall-healthcare-and-nuvolo-partner-to-launch-next-generation-cloud-platform-for-healthcare-clinical-engineering-program-management/)

Key Dynamics of

Food Service Market

Key Drivers of

Food Service Market

Changing Consumer Lifestyles and Urbanization: Busy schedules, increasing urban populations, and dual-income households are fueling the demand for convenient, ready-to-eat, and restaurant-prepared meals. Quick-service restaurants (QSRs), cloud kitchens, and casual dining venues are reaping the benefits of heightened consumer reliance on food services beyond the home.

Rising Disposable Income and Dining-Out Culture: The expanding middle-class demographic—especially in the Asia-Pacific region—is boosting expenditures on lifestyle experiences such as dining out. This transition towards experiential consumption fosters significant growth in full-service restaurants, fast food chains, and specialty cuisine venues....