McDonald's (MCD) Stock Buybacks: 47.6% of Shares Retired Since 1999

Name: McDonald's (MCD) shares outstanding since 1999, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings

1999, 1,349,816,0282026-06-30, 707,641,531

A share bought in 1999

1.9× more of McDonald's today, without buying another share. It was one of 1,349,816,028 shares then. It is one of 707,641,531 now.

Every filing we read27 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
1999	2000-01-31	1,349,816,028	10-K	cover page
2000	2001-01-31	1,304,900,478	10-K405	cover page
2001	2002-01-31	1,281,311,354	10-K405	cover page
2002	2003-01-31	1,268,809,982	10-K	cover page
2003	2004-01-31	1,261,748,725	10-K	cover page
2004	2005-01-31	1,272,117,313	10-K	cover page
2005	2006-01-31	1,256,645,011	10-K	cover page
2006	2007-01-31	1,203,480,015	10-K	cover page
2007	2008-01-31	1,151,643,390	10-K	cover page
2008	2009-01-31	1,113,621,747	10-K	cover page
2009	2010-01-31	1,075,960,799	10-K
2010	2011-01-31	1,043,298,941	10-K
2011	2012-01-31	1,018,555,678	10-K
2012	2013-01-31	1,002,791,769	10-K
2013	2014-01-31	989,881,374	10-K
2014	2015-01-31	961,118,669	10-K
2015	2016-01-31	901,607,888	10-K
2016	2017-01-31	818,993,182	10-K
2017	2018-01-31	794,497,880	10-K
2018	2019-01-31	765,317,332	10-K
2019	2020-01-31	745,446,655	10-K
2020	2021-01-31	745,572,145	10-K
2021	2022-01-31	743,584,718	10-K
2022	2023-01-31	731,496,951	10-K
2023	2024-01-31	722,051,488	10-K
2024	2025-01-31	714,461,139	10-K
2025	2026-01-31	710,398,642	10-K

Source: all 10-K filings of McDonald's on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The stock, long termall time, by TradingView

Loading the chart from TradingView…

All-time chart by TradingView. Open it on TradingView →

McDonald's buybacks, answered

Is McDonald's buying back its stock?

Yes. McDonald's has 0.6% fewer shares outstanding than twelve months ago, 707,641,531 as of June 30, 2026. Over five years the share count is down 5.3%.

How many shares has McDonald's bought back?

Net of every new share it issued, McDonald's has 642.2 million fewer shares than at its 1999 peak. That is 47.6% of the company.

How many shares does McDonald's have outstanding?

707,641,531 shares, as of June 30, 2026, from the cover page of its latest 10-Q. At the 1999 peak it had 1,349,816,028.

What do McDonald's' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held McDonald's stock in 1999 owns 1.9 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does McDonald's compare with other cannibal stocks?

McDonald's ranks No. 70 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Motorola Solutions (48.0%), Equitable (47.6%), Tapestry (47.5%), Quest Diagnostics (47.5%).

Every answer is computed from McDonald's' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.