International Operated Markets was the largest of Mcdonalds Corp’s 3 reported lines in fiscal 2025, at $13.63B — 51% of $26.89B.
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| International Operated Markets | $11.30B | $12.38B | $12.63B | $13.63B | ||||||||||||
| Europe | — | — | — | — | ||||||||||||
| U.S | $9.59B | $10.57B | $10.63B | $10.83B | ||||||||||||
| International Lead Markets | — | — | — | — | ||||||||||||
| Apmea | — | — | — | — | ||||||||||||
| High-Growth Markets | — | — | — | — | ||||||||||||
| International Developmental Licensed Markets Corporate | $2.30B | $2.54B | $2.66B | $2.43B | ||||||||||||
| Foundational Markets & Corporate | — | — | — | — | ||||||||||||
| Other Countries &Amp; Corporate | — | — | — | — | ||||||||||||
| Total | $23.18B | $25.49B | $25.92B | $26.89B |
In fiscal 2025, which ended December 31, 2025, the 3 segments Mcdonalds Corp reported in this breakdown added up to $26.89B. That was up 3.7% from $25.92B in fiscal 2024. International Operated Markets was the largest segment, at $13.63B or 50.7% of the total, followed by U.S ($10.83B, 40.3%) and International Developmental Licensed Markets Corporate ($2.43B, 9.0%). Together, the two largest segments made up 91.0% of this total.
Compared with fiscal 2024, International Operated Markets grew the fastest, rising 8.0% to $13.63B. International Developmental Licensed Markets Corporate fell the most, down 8.8% to $2.43B. Over fiscal 2022 to 2025, revenue across these segments went from $23.18B to $26.89B, a compound annual growth rate of 5.1%. International Operated Markets' share of the total rose from 48.7% to 50.7% over the same years.
The table also keeps 6 segments that Mcdonalds Corp no longer reports, so earlier years can still be read on their original basis; use "Show 6 discontinued" beneath the table to see them. This breakdown covers 16 fiscal years between 2009 and 2025, as reported in Mcdonalds Corp's annual filings.
Mcdonalds Corp (MCD) breaks its revenue down by segment. In fiscal 2025, its largest segment was International Operated Markets, with $13.63B or 50.7% of the total, followed by U.S at $10.83B (40.3%).
International Operated Markets was Mcdonalds Corp's largest segment in fiscal 2025, with $13.63B in revenue, 50.7% of the $26.89B reported across its 3 segments.
Of the Mcdonalds Corp segments reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, International Operated Markets grew the fastest, rising 8.0% from $12.63B to $13.63B.
Every figure is taken from Mcdonalds Corp's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2009 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.