McDonald's reported strong fourth-quarter results with accelerated global comparable sales growth driven by effective value leadership and improved traffic. Full-year performance also showed positive trends, with increased systemwide sales and operating income, reinforcing the company's strategic direction.
Global comparable sales increased 5.7% in Q4, accelerating from 0.4% in the prior year quarter, with positive growth across all segments.
positiveConsolidated revenues increased 10% in Q4 (6% in constant currencies), demonstrating strong top-line growth.
positiveDiluted earnings per share was $3.03 in Q4, an increase of 8% (5% in constant currencies).
positiveFull year global comparable sales increased 3.1%, with positive growth across all segments.
positiveFull year diluted earnings per share was $11.95, an increase of 5% (4% in constant currencies).
positiveThe Company declared a 5% increase in its quarterly cash dividend to $1.86 per share.
positiveFull year net income increased by 4% to $8,563 million, a deceleration from the 7% increase in the fourth quarter.
attentionFull year operating income increased by 6% to $12,393 million, a deceleration from the 10% increase in the fourth quarter.
attentionRestructuring charges associated with 'Accelerating the Organization' amounted to $229 million for the full year 2025, impacting reported operating income and net income.
attentionSales by Company-owned and operated restaurants decreased by 1% for the full year 2025.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
U.S. | N/A | — | — | — |
International Operated Markets | N/A | — | — | — |
International Developmental Licensed Markets | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
McDonald's value leadership is working, leading to improved traffic and strengthened value & affordability scores.
The company achieved strong comparable sales growth across all segments in the fourth quarter.
Global systemwide sales increased by 8% in constant currencies for the fourth quarter.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.