MCDONALDS CORP is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: McDonald's delivered a strong Q1 FY2026 with revenue rising 9.4% YoY to $6.52B and operating income surging 11.5% to $2.95B, reflecting robust franchise-driven margin expansion despite elevated long-term debt of $40.1B.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue increased 9.4% YoY to $6.52B in Q1 FY2026 (vs. $5.96B in Q1 FY2025), with the asset-light franchise model continuing to generate high-margin royalty and rent income while limiting direct cost exposure.
Operating margin improved to 45.3% from 44.5% in the prior-year period, as operating income grew 11.5% to $2.95B — outpacing revenue growth — reflecting operating leverage and disciplined cost management.
SG&A expenses rose 11.3% YoY to $759M, slightly outpacing revenue growth of 9.4%, suggesting incremental investment in corporate overhead, technology, or marketing that management will need to monitor for margin sustainability.
Revenue
$6.52B
++9.42% YoY
EPS (Basic)
$2.79
++6.90% YoY
Operating Income
$2.95B
++11.52% YoY
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