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McDonald's MCD Q2 2026 earnings

Reported August 4, 2026 · Before market open

Revenue$7.1BMiss by $29.7M
EPS$3.38Beat by $0.06
Revenue estimate$7.1B
EPS estimate$3.32
“This quarter McDonald's delivered positive comparable sales growth across every segment and acted decisively to strengthen execution as we prime McDonald's for the next era of long-term growth. While our playbook is working around the world, we see an opportunity to raise the bar in the U.S. and accelerate performance in our largest market. Skye Anderson's appointment today as President of McDonald's USA will bring focus and urgency to these efforts given her deep system knowledge, operational discipline, and proven ability to drive change and deliver results for everyone in our System.”
Chris Kempczinski

Next report

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

Financials

Q2 2026

Income statement

See full
Revenue$7.1B+3.7%
Gross profit$6.4B+3.7%
Operating income$3.3B+3.3%
Net income$2.4B+4.8%
EPS (diluted)$3.32+5.7%

Balance sheet

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Cash & equivalents$822.0M-56.2%
Total debt$54.6B-2.3%
Total equity-$1.0B+62.9%
Total assets$59.9B+0.6%

Cash flow

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Operating cash flow$2.8B+40.5%
CapEx$831.0M+11.7%
Free cash flow$2.0B+57.6%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$164.05B-23.3%
Enterprise value$217.82B-18.5%
P/E18.7×-6.8×
P/S5.9×-2.2×

Profitability

See full
Operating margin46.2%+0.4pp
Net margin31.7%-0.5pp
FCF margin28%+1.5pp

Returns & leverage

See full
Current ratio1.1×-0.2×

Segments

By segment

See full
International Operated Markets$3.6B+4.1%
U.S. Market$2.8B+1.7%
International Developmental Licensed Markets and Corporate$669.0M+11.5%

FAQ

When did McDonald's report Q2 2026 earnings?
McDonald's (MCD) reported Q2 2026 earnings on August 4, 2026 before market open.
What were McDonald's's Q2 2026 revenue and EPS?
McDonald's reported revenue of $7.1B and eps of $3.38 for Q2 2026.
Did McDonald's beat estimates in Q2 2026?
Revenue missed the consensus estimate of $7.1B by $29.7M. EPS beat the consensus estimate of $3.32 by $0.06.
How did McDonald's's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.7% from $6.8B a year earlier and eps grew 6.0% from $3.19.
Where can I find McDonald's's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000063908-26-000067) and the 10-Q periodic report (0000063908-26-000073) directly on SEC EDGAR. The filing index links above go to sec.gov.