Risk factors
McDonald's (MCD) risk factors
Item 1A of every McDonald's Corporation 10-K on file, and what changed from one year to the next.
- 2026 10-K risk factors
26 risks, 2 dropped, 7 reworded since the prior year. Cybersecurity incidents and breaches are now expressly highlighted, while artificial intelligence tool risks no longer appear.
Filed Feb 24, 2026 - 2025 10-K risk factors
28 risks. Franchisee financial health and cooperation are central because McDonald’s earns most restaurant margins from franchised locations.
Filed Feb 25, 2025