Highlights from the Earnings Release

• Global comparable sales increased 3.6%, with broad-based growth across all segments
• Global Systemwide sales* were over $36 billion for the quarter, an increase over prior year of 8% (6% in constant currency)
• Systemwide sales to loyalty members across 60 loyalty markets were approximately $34 billion for the trailing twelve-month period and over $9 billion for the quarter

CHICAGO, IL - McDonald's Corporation today announced results for the third quarter ended September 30, 2025.

“We increased global Systemwide sales by 6% and grew comp sales across all segments, a testament to our ability to deliver sustainable growth even in a challenging environment,” said Chairman and CEO Chris Kempczinski. “We're fueling momentum by delivering everyday value and affordability, menu innovation, and compelling marketing that continue to bring customers through our doors.” 

Third quarter financial performance:

• Global comparable sales increased 3.6%:
  • U.S. increased 2.4%
  • International Operated Markets increased 4.3%
  • International Developmental Licensed Markets increased 4.7%
• Consolidated revenues increased 3% (1% in constant currencies).
• Systemwide sales increased 8% (6% in constant currencies).
• Consolidated operating income increased 5% (3% in constant currencies). Results included pre-tax charges of $39 million primarily related to restructuring charges associated with Accelerating the Organization. Excluding these current year charges, as well as prior year pre-tax charges of $98 million, consolidated operating income increased 3% (1% in constant currencies).**
• Diluted earnings per share was $3.18, an increase of 2% (flat in constant currencies). Excluding the current year charges described above of $0.04 per share, diluted earnings per share was flat at $3.22 (a decrease of 1% in constant currencies) when also excluding prior year charges.**

*Refer to page 4 of the full release for a definition of Systemwide sales.

**Refer to pages 2 and 3 of the full release for additional details on our results for the third quarter 2025 and 2024.