FDD Year-over-Year Comparison
McDonald's FDD: What Changed from 2025 to 2026
McDonald's 2026 FDD lists an Item 7 estimated initial investment of $1,472,000–$2,807,000, against $1,471,000–$2,728,000 in the 2025 filing.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change |
|---|
| Low end of range | $1,471,000 | $1,472,000 | +$1,000 |
| High end of range | $2,728,000 | $2,807,000 | +$79,000 |
| Full range | $1,471,000–$2,728,000 | $1,472,000–$2,807,000 | |
The 2026 filing puts the Item 7 estimated initial investment at $1,472,000–$2,807,000, against $1,471,000–$2,728,000 in the 2025 filing.
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change |
|---|
| Total outlets (Item 20) | 13,559 | 13,706 | +147 (+1.1%) |
McDonald's reports 13,706 outlets in the 2026 FDD, versus 13,559 in the 2025 filing (+147 (+1.1%)).
Item 19 — Financial Performance Representations
McDonald's included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Frequently asked questions
Did the cost to open a McDonald's franchise change in the 2026 FDD?
The 2026 FDD for McDonald's states an Item 7 estimated initial investment of $1,472,000–$2,807,000, against $1,471,000–$2,728,000 in the 2025 filing. The low end moves from $1,471,000 to $1,472,000 (+$1,000) and the high end moves from $2,728,000 to $2,807,000 (+$79,000).
How many locations does McDonald's have?
The 2026 FDD for McDonald's reports 13,706 outlets in Item 20, against 13,559 in the 2025 filing — 147 more.
Does McDonald's disclose financial performance in its FDD?
McDonald's included an Item 19 financial performance representation in both the 2025 and 2026 filings.
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