# MCDONALDS CORP (MCD) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from MCDONALDS CORP's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/MCD/mda/fy2025/): filed 2026-02-24; accession 0000063908-26-000035 (https://www.sec.gov/Archives/edgar/data/63908/000006390826000035/mcd-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/MCD/mda/fy2024/): filed 2025-02-25; accession 0000063908-25-000012 (https://www.sec.gov/Archives/edgar/data/63908/000006390825000012/mcd-20241231.htm)
- [FY 2023 MD&A](/company/MCD/mda/fy2023/): filed 2024-02-22; accession 0000063908-24-000072 (https://www.sec.gov/Archives/edgar/data/63908/000006390824000072/mcd-20231231.htm)
- [FY 2022 MD&A](/company/MCD/mda/fy2022/): filed 2023-02-24; accession 0000063908-23-000012 (https://www.sec.gov/Archives/edgar/data/63908/000006390823000012/mcd-20221231.htm)
- [FY 2021 MD&A](/company/MCD/mda/fy2021/): filed 2022-02-24; accession 0000063908-22-000011 (https://www.sec.gov/Archives/edgar/data/63908/000006390822000011/mcd-20211231.htm)

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