A global fast-food franchisor serving Big Macs, Chicken McNuggets, and McCafé drinks in over 80 countries, it runs most restaurants through franchisees who pay rent and royalties. It began in 1940 when brothers Richard and Maurice McDonald opened a San Bernardino drive-in, later streamlining it into the "Speedee Service System." The famous golden arches began as roadside architecture designed to catch motorists' eyes in the 1950s, not as a logo.
McDonald's reports Q2 2026 results: global comparable sales up 1.3%, diluted EPS $3.32
Global comparable sales increased 1.3% in Q2 2026, with U.S. up 0.8%, International Operated Markets up 1.5%, and International Developmental Licensed Markets up 1.9%.
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Consolidated revenues increased 4% (2% in constant currencies) to $7,099 million for the quarter; six-month revenues rose 6% (3% in constant currencies) to $13,616 million.
Diluted earnings per share was $3.32 for Q2 2026, up 6% (5% in constant currencies); excluding restructuring charges, non-GAAP EPS was $3.38.
Systemwide sales increased 5% (4% in constant currencies) to $37 billion for the quarter; loyalty member sales reached $40 billion over trailing twelve months, with 90-day active users up 13% to nearly 220 million.
Skye Anderson was appointed President of McDonald's USA to lead the company's largest market.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
McDonald's appoints Skye Anderson as President of McDonald's USA, effective August 4, 2026.
Joseph M. Erlinger, Executive Vice President and President of McDonald's USA, notified the company of his intention to leave his role, effective August 4, 2026, and will serve in an advisory role until early 2027.
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Skye Anderson, a 26-year McDonald's veteran and former COO of McDonald's USA, was appointed Executive Vice President and President of McDonald's USA, effective August 4, 2026.
Anderson will oversee nearly 14,000 U.S. restaurants and lead the company's largest market as part of the McDonald's > NEXT growth strategy.
Erlinger's departure follows a deliberate leadership transition plan initiated earlier this year with Anderson's return as COO.
There is no change to Erlinger's compensation in connection with his departure.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
McDonald's held its 2026 Annual Shareholders' Meeting on May 20, 2026, with final voting results reported by Broadridge Financial Solutions, Inc.
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All 12 director nominees were elected, with Christopher Kempczinski receiving the lowest support at 465,293,316 for and 38,754,428 against.
The advisory say-on-pay proposal passed with 478,236,845 votes for, 24,626,761 against, and 2,167,515 abstentions.
The ratification of Ernst & Young LLP as independent auditor for 2026 passed with 564,418,960 votes for, 30,747,919 against, and 1,123,814 abstentions.
Two shareholder proposals failed: the Independent Chair proposal (109,660,842 for) and the written consent proposal (210,184,684 for).
5.07 Submission of Matters to a Vote of Security Holders
McDonald's reports Q1 2026 global comparable sales up 3.8%, revenue up 9% to $6.5B
Global comparable sales increased 3.8% in Q1 2026, with U.S. up 3.9%, International Operated Markets up 3.9%, and International Developmental Licensed Markets up 3.4%.
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Consolidated revenues increased 9% (4% in constant currencies) to $6,517 million for the quarter ended March 31, 2026.
Diluted earnings per share was $2.78, up 7% (2% in constant currencies), including $0.05 per share of restructuring charges.
Global Systemwide sales increased 11% (6% in constant currencies) to over $34 billion for the quarter.
Systemwide sales to loyalty members were over $38 billion for the trailing twelve months and over $9 billion for the quarter across 70 loyalty markets.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
McDonald's reports Q4 2025 global comparable sales up 5.7%, full-year revenue up 4% to $26.9B
Fourth quarter 2025 global comparable sales increased 5.7%, with U.S. up 6.8%, International Operated Markets up 5.2%, and International Developmental Licensed Markets up 4.5%.
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Consolidated revenues for Q4 2025 were $7.0 billion, up 10% (6% in constant currencies); full-year revenues were $26.9 billion, up 4% (2% in constant currencies).
Diluted EPS for Q4 2025 was $3.03, up 8% (5% in constant currencies); full-year diluted EPS was $11.95, up 5% (4% in constant currencies).
Full-year global comparable sales increased 3.1%, with U.S. up 2.1%, International Operated Markets up 3.2%, and International Developmental Licensed Markets up 4.6%.
The company declared a 5% increase in its quarterly cash dividend to $1.86 per share.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
McDonald's elects Ford CEO James D. Farley Jr. to its Board of Directors, effective February 4, 2026.
Farley is President and CEO of Ford Motor Company and brings over 30 years of experience leading global organizations and transforming consumer brands.
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On February 4, 2026, McDonald's Board increased its size to 12 directors and elected James D. Farley, Jr. as a director, effective the same day.
The Board determined Farley is independent under NYSE listing standards and has no material relationships or reportable transactions with McDonald's.
Farley will receive compensation consistent with that of other non-employee directors, as described in the company's 2025 Proxy Statement.
A press release announcing the election was issued on February 10, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
McDonald's reports Q3 2025 global comparable sales up 3.6%, diluted EPS $3.18
Global comparable sales increased 3.6% in Q3 2025, with U.S. up 2.4%, International Operated Markets up 4.3%, and International Developmental Licensed Markets up 4.7%.
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Consolidated revenues for Q3 2025 were $7,078 million, up 3% (1% in constant currencies) from $6,873 million in Q3 2024.
Diluted earnings per share for Q3 2025 was $3.18, up 2% from $3.13 in Q3 2024; excluding current year charges of $0.04 per share, non-GAAP diluted EPS was $3.22.
Global Systemwide sales exceeded $36 billion for the quarter, up 8% (6% in constant currencies) year-over-year.
Systemwide sales to loyalty members across 60 markets were approximately $34 billion for the trailing twelve months and over $9 billion for the quarter.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
McDonald's issues $1.3B in medium-term notes due 2031 and 2036
The notes were issued under the company's medium-term notes program, pursuant to its Form S-3 registration statement and related prospectus supplements.
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On August 27, 2025, McDonald's Corporation issued $550 million of 4.400% Medium-Term Notes due 2031 and $750 million of 5.000% Medium-Term Notes due 2036.
The offering was reported under Item 8.01 as an other event, with the legal opinion of the company's Global Chief Legal Officer filed as an exhibit.
The legal opinion and consent of Desiree Ralls-Morrison, Executive Vice President and Global Chief Legal Officer, are included as exhibits to the filing.
8.01 Other Events · 9.01 Financial Statements and Exhibits