MCD · 8-K · 20261104PR000080
Operating Margin Drivers
MCDONALDS CORP · 2026-11-04 · Importance 30 · Surprise 14 · From source text
Third-quarter consolidated operating income increased 7% to $3.595 billion from $3.357 billion, while total revenues increased 1% to $7.157 billion. Excluding restructuring-related charges of $56 million in 2026 and $39 million in 2025, operating income increased 8%. The release attributed results excluding those charges primarily to higher Other operating income and higher sales-driven Franchised margins; Other operating income improved by $102 million year over year, from a $37 million expense to $139 million of income.
Key facts
- Third-quarter 2026 results reflected pre-tax charges of $56 million, compared with $39 million in the prior year, primarily related to restructuring charges associated with Accelerating the Organization. source
- Nine-month 2026 net pre-tax charges were $155 million, or $0.17 per share, primarily related to restructuring charges associated with Accelerating the Organization. source
- Third-quarter 2026 net pre-tax charges were $56 million, or $0.06 per share, primarily related to restructuring charges associated with Accelerating the Organization. source
- Consolidated operating income increased 7% (7% in constant currencies) in the third quarter of 2026. source
- Consolidated operating income increased 8% excluding current- and prior-year charges (8% in constant currencies) in the third quarter of 2026. source
- Nine-month 2025 net pre-tax charges were $148 million, or $0.16 per share, primarily related to restructuring charges associated with Accelerating the Organization. source
- Excluding the listed items, third-quarter and nine-month 2026 results were primarily driven by higher Other operating income and higher sales-driven Franchised margins; nine-month results were partly offset by higher Selling, general and administrative expenses. source
- Third-quarter 2025 net pre-tax charges were $39 million, or $0.04 per share, primarily related to restructuring charges associated with Accelerating the Organization. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -0.2% | Third-quarter 2026 results reflected pre-tax charges of $56 million, compared with $39 million in the prior year, primarily related to… |