McDonald's Franchise Disclosure Documents (FDD)

The McDonald's Franchise Disclosure Document is the most comprehensive record of how the company operates — financial statements, fee schedules, litigation history, and system-wide unit counts, disclosed under federal mandate. 12 filings covering 2015–2026 are available here as complete PDFs.

A Franchise Disclosure Document (FDD) is the disclosure the Federal Trade Commission's Franchise Rule requires McDonald's to provide to any prospective franchisee before a sale. Its 23 numbered Items set out the company's history and leadership, initial fees and estimated investment, ongoing obligations, territory terms, any financial performance representation, outlet counts, and financial statements, and the document is refiled each year.