Net income of McDonald's 2005-2020
Globally famous brand McDonald’s recorded a net income of approximately 4.73 billion U.S. dollars in 2020. The net income saw a decrease from the previous year’s figure of around 6.03 billion U.S. dollars. In the same year, McDonald's generated 19.21 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 from 2015 to 2019, 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. In addition, the company's net income reflected a sharp decline in 2020 due to the impact of the COVID-19 pandemic which resulted in temporary shutdown of several McDonald's restaurants across the globe.
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 from 2015 to 2019, 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. In addition, the company's net income reflected a sharp decline in 2020 due to the impact of the COVID-19 pandemic which resulted in temporary shutdown of several McDonald's restaurants across the globe.
