Net income of McDonald's 2005-2019
Globally famous brand McDonald’s recorded a net income of over six billion U.S. dollars in 2019. The net income saw an increase from the previous year’s figure of around 5.92 billion U.S. dollars. In the same year, McDonald's generated 21.08 billion U.S. dollars in revenue.
McDonald’s net income is on the rise
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). There has been year-over-year growth in the net income of McDonald’s over the past four years, which indicates a consistent increase in profit for the global fast food powerhouse. This could be due to recent company innovations such as refranchising restaurants, technology implementation, delivery services and more. However, while McDonald’s success is unarguable, the company has also seen its total revenue decrease across all its regional bases for over five years.
McDonald’s net income is on the rise
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). There has been year-over-year growth in the net income of McDonald’s over the past four years, which indicates a consistent increase in profit for the global fast food powerhouse. This could be due to recent company innovations such as refranchising restaurants, technology implementation, delivery services and more. However, while McDonald’s success is unarguable, the company has also seen its total revenue decrease across all its regional bases for over five years.
