MCD · 10-Q · 2026Q2 · Full report
Operating Cash Flow Trends
MCDONALDS CORP · 2026-08-07 · Importance 44 · Surprise 24 · In source text
Cash provided by operations totaled $5.2 billion for the six months ended June 30, 2026. Operating cash flow exceeded capital expenditures by $3.7 billion during the period. Operating cash flow increased year over year primarily because of favorable working-capital changes and improved operating results. Cash used in investing activities was $1.6 billion, while financing cash usage increased to $3.6 billion, principally because of lower bond issuances.
Key facts
- Cash provided by operations totaled $5.2 billion and exceeded capital expenditures by $3.7 billion for the six months ended June 30, 2026. source
- The Company expects to achieve a free cash flow conversion rate for 2026 in the low-to-mid 80% range. source
- Cash provided by operations increased compared to the six months ended June 30, 2025, primarily due to favorable working capital changes and improved operating results. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +6.2% | Cash provided by operations totaled $5.2 billion and exceeded capital expenditures by $3.7 billion for the six months ended June 30, 2026. |
| cash | positive | committed | — | The Company expects to achieve a free cash flow conversion rate for 2026 in the low-to-mid 80% range. |