MCD · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

MCDONALDS CORP · 2026-11-06 · Importance 36 · Surprise 14 · In source text

For the quarter ended September 30, 2026, consolidated revenue increased 1% to $7.157 billion, while nine-month revenue increased 5% to $20.773 billion; growth excluding currency translation was 1% and 2%, respectively. Nine-month franchised revenue rose to $12.887 billion from $12.238 billion, while Company-operated sales increased to $7.322 billion from $7.154 billion. Nine-month revenue from franchised restaurants increased in the U.S. to $5.635 billion, in International Operated Markets to $5.724 billion, and in International Developmental Licensed Markets & Corporate to $1.527 billion. For the nine months, total franchised revenue and Company-operated sales were $7.890 billion in the U.S., $10.400 billion in International Operated Markets, and $1.919 billion in International Developmental Licensed Markets & Corporate.

Key facts

• McDonald’s expects net restaurant unit expansion to contribute approximately 2.5% to 2026 Systemwide sales growth in constant currencies. source
• McDonald’s expects net restaurant unit expansion to contribute nearly 2.5% to 2027 Systemwide sales growth, moderating to about 2% by the end of 2030, in constant currencies. source
• Consolidated revenues increased 1% (1% in constant currencies) for the quarter and 5% (2% in constant currencies) for the nine months. source
• Systemwide sales increased 4% (4% in constant currencies) for the quarter and 6% (5% in constant currencies) for the nine months. source
• Total franchised revenues and Company-owned and operated sales increased 1% (1% in constant currencies) for the quarter and 4% (2% in constant currencies) for the nine months. source
• McDonald’s franchised-restaurant revenues largely depend on franchisees’ ability to grow sales; worsening franchisee sales trends could negatively affect McDonald’s financial results, potentially materially. source
• At September 30, 2026, McDonald’s had 46,554 restaurants, approximately 95% of which were franchised. source
• The quarterly and nine-month increases in franchised revenues and Company-operated sales benefited from positive franchised sales performance across all segments and positive Company-operated sales performance in International Developmental Licensed Markets. source

Impact estimates