McDonald's | 10-Q: Q3 2025 Earnings Report

McDonald's Corporation reported Q3 2025 net income of $2.3 billion, up 1% year-over-year, as global comparable sales increased 3.6%. Total revenues rose 3% to $7.1 billion, driven by strong performance in International Operated Markets. The company's franchised revenues grew 7% to $4.4 billion, while operating income increased 5% to $3.4 billion.U.S. comparable sales rose 2.4% in Q3, primarily driven by higher average check, while International Operated Markets saw 4.3% growth led by Germany and Australia. International Developmental Licensed Markets posted 4.7% comparable sales growth, with Japan leading the performance. Systemwide sales increased 8% (6% in constant currencies) to reach $34.1 billion.The company continued to execute its Accelerating the Arches strategy, focusing on digital initiatives and restaurant development. McDonald's maintained its strong franchise model with approximately 95% of restaurants franchised globally. During the quarter, the company returned $1.8 billion to shareholders through $1.3 billion in dividends and $503 million in share repurchases.

McDonald's Corporation reported Q3 2025 net income of $2.3 billion, up 1% year-over-year, as global comparable sales increased 3.6%. Total revenues rose 3% to $7.1 billion, driven by strong performance in International Operated Markets. The company's franchised revenues grew 7% to $4.4 billion, while operating income increased 5% to $3.4 billion.U.S. comparable sales rose 2.4% in Q3, primarily driven by higher average check, while International Operated Markets saw 4.3% growth led by Germany and Australia. International Developmental Licensed Markets posted 4.7% comparable sales growth, with Japan leading the performance. Systemwide sales increased 8% (6% in constant currencies) to reach $34.1 billion.The company continued to execute its Accelerating the Arches strategy, focusing on digital initiatives and restaurant development. McDonald's maintained its strong franchise model with approximately 95% of restaurants franchised globally. During the quarter, the company returned $1.8 billion to shareholders through $1.3 billion in dividends and $503 million in share repurchases.