McDonald's Q2 2026: revenue up 4%, EPS up 6%, U.S. comps lag
McDonald's put up a solid quarter: revenue rose 4% to $7.10 billion, diluted EPS rose 6% to $3.32, and every segment posted positive comparable sales. Adjusted EPS of $3.38 just cleared the $3.3487 consensus. The catch is the U.S., where comparable sales grew only 0.8% on negative guest counts. View: Bullish, on global breadth rather than American momentum.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $3.32 rose 6% from $3.14, but $0.06 per share of that quarter's profit went to restructuring charges tied to Accelerating the Organization. Adjusting for that, EPS of $3.38 came in just above the $3.3487 consensus — a narrow beat, not a blowout. Net income of $2.36 billion rose 5% while the diluted share count fell 1% to 711.1 million, so buybacks are doing part of the lifting.
Revenue of $7.10 billion rose 4% from $6.84 billion a year earlier, or 2% in constant currencies. Franchised restaurant revenue of $4.39 billion did most of the work, up 4%, while company-operated sales rose 3% to $2.53 billion. The gap between the reported and constant-currency rates tells you foreign exchange added roughly two points of that growth.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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