MCD MCDONALDS CORP
What matters nowUpdated 5 h ago
- At its September 23, 2026 Investor Day, McDonald's unveiled the NEXT plan, which targets an operating margin in the low-to-mid 50% range by 2030 and about $8.5 billion of franchisee partnering support through 2036 1. The plan includes ArchIQ, an AI restaurant operating system, with the Archy drive-thru voice assistant in early test restaurants and U.S. rollout tied to 2027 2.
- The pooled 24/7 venue price was $236.81 at 16:00 UTC on October 13, up 0.32% on the day, after a 5.02% fall on September 23, the day of Investor Day. Shares were already down about 4% in morning trading that day as investors weighed franchisee support that brings cash out now for benefits that take years to arrive 3.
- Second-quarter 2026 revenue rose 4% to $7.10 billion, global comparable sales rose 1.3%, U.S. comparable sales slowed to 0.8%, and diluted EPS was $3.32. Trailing twelve-month revenue is $27.7 billion, up 6.3% year on year, with a 46.2% operating margin and $7.8 billion of free cash flow as of June 30, 2026.
- On the June 30, 2026 fundamentals, the $167.6 billion market cap equals 19.2 times trailing earnings and 15.6 times EV/EBITDA, with a 4.6% free cash flow yield. Over the past 180 days insiders made four planned sales totalling 8,681 shares for $2.46 million and bought no shares.
- Next: the September consumer price index is due October 14 at 12:30 UTC. Q3 2026 earnings are estimated for November 4 and are not yet confirmed. The $1.93 quarterly dividend has a December 1 record date and a December 15 payment date. Polymarket puts 81.5% on no change at the October 2026 Fed meeting and 17.5% on a 25 basis point increase.
SEC Form 8-K, Exhibit 99.1 (McDonald's) · Sep 23
Restaurant Dive · Sep 23
24/7 Wall St. · Sep 23
Valuation & fundamentalsFull financials →
TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Every venue
| Venue | Price | vs pool | 24h vol | Open int. | Funding 8h |
|---|---|---|---|---|---|
| bybit perp MCDUSDT · just now | 236.88 | −0.04% | $12.2M | $1.3M | 0.0000% |
| binance perp MCDUSDT · just now | 236.71 | −0.11% | $1.6M | $743.8K | 0.0211% |
| bitget perp MCDUSDT · just now | 236.64 | −0.14% | $367.6K | $2.9M | 0.0000% |
Pooled price = volume-weighted median of venues within 2% of each other. Venue markets for stocks, indices and gold are 24/7 perpetual contracts; they track but are not the official exchange price.
Open interest, 120 days
US$ millions, all venues
Funding, 120 days
Annualised %, OI-weighted. Positive: longs pay shorts.
NewsAll news →
McDonald's > NEXT Investor Day: margin target low-to-mid 50% by 2030, $8.5B franchisee support
At its September 23, 2026 Investor Day, McDonald's unveiled the NEXT plan, which targets operating margin in the low-to-mid 50% range by 2030, about 250 basis points of restaurant-level efficiency gains, and about $8.5 billion of franchisee partnering support through 2036.
McDonald's shares fall about 4% on Investor Day as investors weigh upfront franchisee costs
McDonald's stock dropped about 4% in Wednesday morning trading on September 23, 2026, the day of its NEXT Investor Day, while Wendy's and Yum! Brands moved much less.
McDonald's to roll out ArchIQ AI operating system; U.S. drive-thru voice AI tied to 2027
McDonald's presented ArchIQ, an AI-powered restaurant operating system, as a core part of the NEXT plan at Investor Day.
McDonald's details Make It Golden and a tiered loyalty program with partner perks
At Investor Day, McDonald's said Make It Golden, a multi-year hospitality effort that began October 5, is part of the NEXT plan.
SpongeBob x One Piece Happy Meal confirmed for U.S. launch on September 15
McDonald's confirmed on August 31, 2026 that its SpongeBob SquarePants x One Piece Happy Meal will launch at participating U.S.
Spicy Chicken McNuggets return for a limited time starting September 1
McDonald's announced that Spicy Chicken McNuggets will return for a limited time starting September 1, 2026, at participating U.S.
McDonald's Q2 2026: revenue up 4%, EPS $3.38 adjusted, comparable sales slow to 1.3%
McDonald's reported second-quarter 2026 revenue of $7.10 billion, up 4%, and GAAP diluted EPS of $3.32, up 6%.
Skye Anderson named President of McDonald's USA; Joe Erlinger moves to adviser
McDonald's named Skye Anderson, previously its chief operating officer, as President of McDonald's USA, the company's largest market.
McDonald's unveils McDonald's > NEXT growth and productivity strategy for franchisees
CEO Chris Kempczinski introduced McDonald's > NEXT, a new corporate strategy aimed at making restaurants easier to run for franchisees and winning back lower-income customers who have cut visits.
McDonald's Q1 2026 EPS of $2.78 with global comparable sales up 3.8%
McDonald's reported first-quarter 2026 revenue of $6.52 billion, up 9%, and diluted EPS of $2.78, up 7%.
Expanded U.S. McCafe drink lineup set to launch May 6
McDonald's set its expanded U.S.
McDonald's USA adds Under $3 menu and $4 breakfast deal to McValue from April 21
McDonald's USA said on April 2, 2026 that it is adding an Under $3 Menu of at least 10 items and a $4 breakfast meal deal, starting April 21 at participating U.S.
McDonald's raised $1.16 billion of long-term debt and bought back $393 million of stock in Q1
In the first quarter of 2026 McDonald's issued $1.16 billion of long-term debt and repurchased 1.3 million shares for $393 million.
McDonald's announces Big Arch burger as a U.S. limited-time item from March 3
McDonald's said the Big Arch, a double-patty burger already on the UK and Ireland menus, will launch in the U.S.
McDonald's guides 2026 capex to $3.7-3.9 billion and operating margin to mid-to-high 40%
With its Q4 2025 results, McDonald's gave its 2026 outlook: capital expenditure of $3.7 to $3.9 billion, about 2,600 gross restaurant openings and about 2,100 net additions.