MCD · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

MCDONALDS CORP · 2026-08-07 · Importance 51 · Surprise 50 · In source text

The second-quarter effective income tax rate declined to 19.5% from 21.3% in the prior-year quarter. The quarter’s lower tax rate reflected discrete income tax benefits related to restructuring initiatives. The six-month effective tax rate was broadly stable at 20.7% versus 20.6% in the prior-year period. Six-month income tax provision increased to $1.133 billion from $1.069 billion as income before taxes increased to $5.478 billion from $5.190 billion.

Key facts

• The Company expects the effective income tax rate for the full year 2026 to be between 21% and 23%. source
• The effective income tax rate was 19.5% for the quarter ended 2026 and 21.3% for the quarter ended 2025. source
• The effective income tax rate was 20.7% for the six months ended 2026 and 20.6% for the six months ended 2025. source

Impact estimates