McDonald's Beats EPS Estimates at $3.57 as Revenue Misses at $7.16 Billion

McDonald's (NYSE: MCD) reported third-quarter revenue of $7.16 billion, below the $7.28 billion analysts expected, and adjusted earnings per share of $3.57 against the $3.38 consensus estimate, according to an 8-K filed Wednesday, Nov. 4, 2026. Revenue rose 1% from a year earlier, and adjusted EPS rose 11%.

On a GAAP basis, diluted EPS was $3.51, up 10% from $3.18. The company said the gap reflected net pre-tax charges of $56 million for the quarter, primarily restructuring charges tied to its Accelerating the Organization effort.

Sales and comparable results

Global comparable sales rose 1.5%. In the U.S., comparable sales fell 0.2%, as negative comparable guest counts were largely offset by positive check growth. International Operated Markets rose 1.4%, led by Germany and Australia and partly offset by France. International Developmental Licensed Markets rose 4.2%, led by Japan and partly offset by China.

CEO Chris Kempczinski said in the release that the company was "encouraged by improvement as the quarter progressed following our intervention on value" in the U.S.

Profit and nine-month figures

Consolidated operating income rose 7% to $3.60 billion. Net income was $2.49 billion, up 9%. For the first nine months, revenue was $20.77 billion, up 5%, and diluted EPS was $9.61, up 8%.

Analysts' average full-year estimates are EPS of $12.88 and revenue of $28.15 billion. The release did not include a revised full-year outlook.

Dividend and share price

The company declared a 4% increase in its quarterly cash dividend, to $1.93 per share.

McDonald's shares closed at $263.04 on Tuesday, Nov. 3, 2026, the last close before the filing, giving the company a market value of about $186.14 billion.