Filing Flows › McDonald's (MCD) › Q3 2026
McDonald's (MCD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
McDonald's (MCD) reported revenue of $7.2B for the third quarter 2026 (Q3 2026), +1% from a year earlier and +0.8% from the quarter before. Operating margin was 50.2%, net earnings $2.5B (34.7% of revenue).
McDonald's, Q3 2026: revenue $7.2B (+1% year over year), operating margin 50.2%, net earnings $2.5B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2B | +0.8% | +1% |
| Operating profit | $3.6B | +8% | +7% |
| Net earnings | $2.5B | +5% | +9% |
| Operating cash flow | $3.0B | +8% | -12% |
| Free cash flow | $2.1B | +9% | -11% |
What changed
Revenue was $7.2B in Q3 2026, up 1% year over year and up 1% from the previous quarter. International Operated Markets was the largest line at 51% of revenue. International Developmental Licensed Markets and Corporate added $0.06B year over year (up 9%), 77% of the total change.
Operating profit was $3.6B, a 50.2% margin (up 2.8 points year over year). Of the extra revenue versus Q3 2025, 301% reached operating profit, above the 47% margin then. Total costs fell 4% while revenue rose 1%. Net earnings were $2.5B, up 9% year over year. The effective tax rate was 22.0%.
Operating cash flow was $3.0B (down 12% year over year), 122% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.38B. Capital expenditures of $0.88B left free cash flow of $2.1B.
Questions
What was McDonald's revenue in the third quarter 2026?
McDonald's (MCD) reported revenue of $7.2B for the third quarter 2026 (Q3 2026), +1% from a year earlier and +0.8% from the quarter before.
Was McDonald's profitable in the third quarter 2026?
Operating profit was $3.6B (50.2% of revenue) and net earnings $2.5B.
Source: McDonald's 10-Q on SEC EDGAR.