McDonald's Q3 Revenue Rises 1% as Adjusted EPS Reaches $3.57

What happened

McDonald’s reported third-quarter 2026 revenue of $7.16 billion, up 1% from a year earlier, and diluted earnings per share of $3.51, up 10%. Adjusted diluted earnings per share, excluding restructuring charges, reached $3.57, up 11% on a constant-currency basis; global comparable sales rose 1.5%.

Confirmed

Global impact / market context

Revenue and global comparable sales grew modestly, while operating income and net income rose faster, indicating stronger reported earnings despite uneven sales by region. The 4% dividend increase also directs more cash to shareholders, while U.S. comparable sales remained slightly negative.

Analyst inference

Sales growth was uneven: U.S. comparable sales fell 0.2%, while International Operated Markets rose 1.4% and International Developmental Licensed Markets rose 4.2%. The article says U.S. sales improved as value initiatives took effect, with fewer guest visits largely offset by higher spending per visit.

Confirmed

What to watch

1. Watch whether U.S. comparable sales turn positive after the value initiatives, since continued weak guest counts could limit revenue growth even if customers spend more per visit. Analyst inference
2. Track whether international comparable sales remain positive, especially as France partly offset gains elsewhere in International Operated Markets during the reported quarter. Analyst inference
3. Observe whether operating income and net income continue to grow faster than revenue, and whether the company maintains its increased quarterly cash dividend of $1.93 per share. Analyst inference

Evidence

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