MCD · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

MCDONALDS CORP · 2026-08-07 · Importance 25 · Surprise 32

Foreign currency translation benefited reported second-quarter revenue, operating income and diluted EPS as major currencies strengthened against the U.S. dollar, particularly the euro and Australian dollar. For the six months, reported revenue increased 6% compared with 3% in constant currencies, indicating a three-percentage-point currency benefit to growth. Six-month operating income increased 7% reported versus 4% in constant currencies. Currency translation increased six-month diluted EPS by $0.17, compared with a $0.03 benefit in the second quarter.

Key facts

• Foreign currency translation had a positive impact of $0.03 on diluted earnings per share for the quarter and $0.17 for the six months. source
• The impact of foreign currency translation on consolidated operating results for the quarter and six months primarily reflected the strengthening of most major currencies against the U.S. Dollar, primarily driven by the Euro and the Australian Dollar. source