MCD Q2 2025 Earnings
Reported Aug 6, 2025 at 3:02 AM ET · SEC Source
Q2 25 EPS
$3.19
BEAT +1.31%
Est. $3.15
Q2 25 Revenue
$6.84B
BEAT +2.10%
Est. $6.70B
vs S&P Since Q2 25
-19.2%
TRAILING MARKET
MCD -5.3% vs S&P +13.9%
Market Reaction
Did MCD Beat Earnings? Q2 2025 Results
McDonald's posted a convincing return to form in the second quarter of 2025, reporting non-GAAP earnings of $3.19 per share against a consensus estimate of $3.15, a 1.31% beat, while revenue climbed 5.4% year-over-year to $6.84 billion, topping the $… Read more McDonald's posted a convincing return to form in the second quarter of 2025, reporting non-GAAP earnings of $3.19 per share against a consensus estimate of $3.15, a 1.31% beat, while revenue climbed 5.4% year-over-year to $6.84 billion, topping the $6.70 billion Wall Street expected by 2.10%. The headline driver was a broad-based recovery in global comparable sales, which rose 3.8% as all three operating segments posted positive comps for the first time in several quarters, the U.S. At 2.5%, International Operated Markets at 4.0%, and International Developmental Licensed Markets at 5.6%. Franchised margins led the profit story, rising 7% to $3.56 billion and accounting for roughly 90% of total restaurant margin dollars. Customers are also spending more per visit, reflecting both pricing and mix shifts. Looking ahead, management expects capital expenditures of $3.00 to $3.20 billion and nearly 1,800 net restaurant additions in 2025, signaling continued confidence even as the road ahead is not without its bumps.
Key Takeaways
- • Global comparable sales increased 3.8% with broad-based growth across all segments
- • U.S. comparable sales driven by positive check growth
- • Higher sales-driven franchised margins across all segments
- • Systemwide sales to loyalty members approximately $9 billion for the quarter across 60 markets
- • Strengthening of most major currencies against U.S. Dollar provided positive currency translation impact
- • International Operated Markets: all markets reflected positive comparable sales
- • International Developmental Licensed Markets led by Japan with all geographic regions positive
- • Equity in earnings of unconsolidated affiliates improved due to better China performance
MCD YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
MCD Revenue by Segment
With YoY comparisons, source: SEC Filings
MCD Revenue by Geography
Regional revenue distribution
“Our 6% global Systemwide sales growth this quarter is a testament to the power of compelling value, standout marketing, and menu innovation—proving again that when we stay focused on executing what matters most to our customers, we grow.”
— Chris Kempczinski, Q2 2025 Earnings Press Release
MCD Earnings Trends
MCD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MCD EPS Trend
Earnings per share: estimate vs actual
MCD Revenue Trend
Quarterly revenue: estimate vs actual
MCD Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $3.04 | $3.12 | +2.63% | $7.01B | — |
| FY Full Year | $12.14 | $12.20 | +0.49% | $26.89B | +0.73% |
| Q3 25 MISS | $3.33 | $3.22 | -3.38% | $7.08B | -0.16% |
| Q2 25 BEAT | $3.15 | $3.19 | +1.31% | $6.84B | +2.10% |
| Q1 25 MISS | $2.67 | $2.67 | -0.02% | $5.96B | -2.78% |