Short answer

McDonald's (MCD) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $7.1B (up 3.0% year over year) with net income of $2.3B.

Q3 2025 key financials · XBRL

Revenue: $7.1B; +3.0% YoY · +3.4% QoQ
Net income: $2.3B; +1.0% YoY · +1.1% QoQ
Operating margin: 47.4%
EPS (diluted): $3.18; +1.6% YoY · +1.3% QoQ

Source: XBRL data from the McDonald's (MCD) Q3 2025 10-Q on SEC EDGAR. USD.

McDonald's Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Revenue $7.08B Q3 FY25, up 3% YoY ($6.87B Q3 FY24); nine months $19.88B, up 2% YoY ($19.53B)
Operating margin 46.5% Q3 FY25 vs 45.3% Q3 FY24; operating income up 5% (3% constant currency) Q3, 4% (3% constant currency) nine months
Best segment: International Operated Markets with revenue $3.61B Q3 FY25, up ~10% YoY; worst: Company-owned & operated sales down 3% Q3 and 4% nine months
Operating cash flow $7.9B nine months, exceeding capital expenditures by $5.6B; share repurchases $503M Q3, dividends paid $1.26B Q3
Outlook: 2025 Systemwide sales growth over 2% from net restaurant expansion; operating margin expected mid-to-high 40% range; capital expenditures $3.0–3.2B with 2,200 global restaurant openings

Risk Factors

No material changes to risk factors from most recent 10-K reported
Continued exposure to operational risks from global supply chain disruptions and labor costs inflation
Ongoing legal risk related to franchisee disputes and compliance with evolving food safety regulations
Competitive risk from increased fast-casual and delivery-focused restaurant concepts impacting market share
Currency exposure in international markets remains significant, especially fluctuations in the Euro and GBP impacting revenues

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other McDonald's quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.

Start free