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McDonald's MCD Q1 2026 earnings

Reported May 7, 2026 · Before market open

Revenue$6.5BBeat by $46.2M
EPS$2.83Beat by $0.09
Revenue estimate$6.5B
EPS estimate$2.74
“McDonald's delivered this quarter. Our 6% global Systemwide sales growth shows how we executed with discipline, proving that we can drive results even in a challenging environment, And it’s our commitment to going three-for-three that sets McDonald’s apart. Our value leadership, breakthrough marketing, and menu innovation continue to serve up what customers want.”
Management

Next report

Nov 4, 2026 (in a month)
Revenue estimate$7.3B
EPS estimate$3.39

Financials

Q1 2026

Income statement

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Revenue$6.5B+9.4%
Gross profit$5.8B+9.5%
Operating income$3.0B+11.5%
Net income$2.0B+6.2%
EPS (diluted)$2.78+6.9%

Balance sheet

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Cash & equivalents$1.2B-5.5%
Total debt$54.9B+4.0%
Total equity-$1.3B+62.8%
Total assets$60.0B+6.6%

Cash flow

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Operating cash flow$2.4B-0.7%
CapEx$682.0M+23.8%
Free cash flow$1.7B-7.8%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$221.33B-0.8%
Enterprise value$275.04B+0.1%
P/E25.5×-1.8×
P/S8.1×-0.6×

Profitability

See full
Operating margin46.3%+1.0pp
Net margin31.6%-0.1pp
FCF margin25.6%-0.4pp

Returns & leverage

See full
Current ratio1.1×0.0×

Segments

By segment

See full
International Operated Markets$3.3B+14.0%
U.S. Market$2.6B+3.6%
International Developmental Licensed Markets and Corporate$610.0M+11.7%

FAQ

When did McDonald's report Q1 2026 earnings?
McDonald's (MCD) reported Q1 2026 earnings on May 7, 2026 before market open.
What were McDonald's's Q1 2026 revenue and EPS?
McDonald's reported revenue of $6.5B and eps of $2.83 for Q1 2026.
Did McDonald's beat estimates in Q1 2026?
Revenue beat the consensus estimate of $6.5B by $46.2M. EPS beat the consensus estimate of $2.74 by $0.09.
How did McDonald's's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.4% from $6.0B a year earlier and eps grew 6.0% from $2.67.
Where can I find McDonald's's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000063908-26-000048) and the 10-Q periodic report (0000063908-26-000051) directly on SEC EDGAR. The filing index links above go to sec.gov.