McDonald's said net income for the quarter ended September 30, 2025 increased 1% to $2,278 million, and diluted earnings per share increased 2% to $3.18, with both metrics flat in constant currencies.

1. 01

   McDonald's said net income for the quarter ended September 30, 2025 increased 1% to $2,278 million, and diluted earnings per share increased 2% to $3.18, with both metrics flat in constant currencies.

2. 02

   The company said operating income for the quarter increased $168 million, or 5% (3% in constant currencies), reflecting net pre-tax charges of $39 million primarily related to restructuring associated with Accelerating the Organization.

3. 03

   McDonald's said operating cash flow for the 9 months of 2025 was $7.9 billion, exceeding capital expenditures by $5.6 billion, while cash used in investing activities was $2.8 billion and cash used in financing activities was $3.9 billion.

4. 04

   The company said it expects 2025 capital expenditures of $3.0 to $3.2 billion, approximately 2,200 new restaurant openings and a free cash flow conversion rate in the low-to-mid 80% range.

Key figures

Quarter ended September 30, 2025

Revenue

$7.1B

Operating income

$3.4B

Net income

$2.3B

EPS

$3.18

Operating cash flow

$3.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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