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MCD Operating Expenses

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As of Q3'25, McDonald's reported SG&A Expenses of USD 664M, while R&D Expenses remained at USD 0. This marks the most recent data point in the chart, covering the period from Q1'23 to Q3'25. Throughout the observed timeframe, SG&A Expenses showed moderate fluctuations, peaking at USD 731M in Q4'23 before declining to a low of USD 536M in Q3'24 and then rebounding to USD 664M by Q3'25. R&D Expenses consistently remained at zero, indicating no allocation to research and development during this period. The overall trend suggests that operating expenses are primarily driven by SG&A, with some quarter-to-quarter volatility but no significant long-term upward or downward movement.