MCD · NYQ S&P 500

McDonald's Corporation

Consumer cyclical · Restaurants

$282.14 +$0.70 (+0.25%) today

Closing price on Nov 10, 2026 · Source: Yahoo Finance

Consensus of 34 analysts

Buy

Median price target $300.00 +6.3%

Open: $281.76
Day range: 277.40 – $283.53
52-week range: 229.20 – $341.75
Volume: 1,879,173
Market cap: $199,127M
P/E (TTM): 22.3x
EPS (TTM): $12.64
EPS est. 2026: $12.94
P/E est. 2026: 21.8x
Dividend yield: 2.6%
Beta: 0.43
Payout: 59%

McDonald's financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	$7,156M	+1.1%
Net income	$2,486M	+9.1%
Earnings per share	$3.51	+10.4%
Net margin	34.7%	+2.6 pp
Free cash flow	$2,147M	−11.2%
Debt / equity	−158.99	n/s

Revenue and net income ($M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	$7,077M	$2,278M
Q4 2025	$7,008M	$2,164M
Q1 2026	$6,517M	$1,983M
Q2 2026	$7,100M	$2,362M
Q3 2026	$7,156M	$2,486M

McDonald's earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 26	$3.1793.02 – 3.31	+1.9%$3.120
Next quarterQ1 2027 · Analysts: 21	$2.9782.90 – 3.04	+5.2%$2.830
Current year2026 · Analysts: 30	$12.93912.80 – 13.09	+6.1%$12.200
Next year2027 · Analysts: 31	$13.67412.86 – 14.05	+5.7%$12.939

Forward P/E: 21.8x (2026) and 20.6x (2027) at the current price.

Actual and estimated EPS ($)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	$3.180	—
Q4 2025	$3.120	$3.052
Q1 2026	$2.830	$2.745
Q2 2026	$3.380	$3.321
Q3 2026	$3.570	$3.380
Q4 2026	—	$3.179
Q1 2027	—	$2.978

Year	Actual EPS	Estimated EPS
2022	$8.330	—
2023	$11.560	—
2024	$11.390	—
2025	$11.950	—
2026	—	$12.939
2027	—	$13.674

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	$2.978	+5.2%
Q4 2026Estimated	$3.179	+1.9%
Q3 2026	$3.570est. $3.380 · surprise +5.6%	+12.3%
Q2 2026	$3.380est. $3.321 · surprise +1.8%	n/a
Q1 2026	$2.830est. $2.745 · surprise +3.1%	n/a
Q4 2025	$3.120est. $3.052 · surprise +2.2%	n/a
Q3 2025	$3.180	n/a

Year	EPS	Annual change
2027Estimated	$13.674	+5.7%
2026Estimated	$12.939	+8.3%
2025	$11.950	+4.9%
2024	$11.390	−1.5%
2023	$11.560	+38.8%
2022	$8.330	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

McDonald's dividend

Yield and payments

Dividend yield (TTM)	2.6%
Forward yield (next 12m)	2.7%
Dividend per share (TTM)	$7.44
Forward dividend (next 12m)	$7.72
Payout (TTM)	59%
Last dividend	$1.86Sep 1, 2026
Next ex-dividend date	Dec 1, 2026

Dividend per share by year ($)

PaidEstimated

Year	Dividend per share
2019	$4.73
2020	$5.04
2021	$5.25
2022	$5.66
2023	$6.23
2024	$6.78
2025	$7.17
est. 12m	$7.72

McDonald's forecasts

34 analyst ratings

Buy50% Hold47% Sell3%

Consensus: Buy · 17 buy, 16 hold, 1 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	$390.00	+38.2%
Median	$300.00	+6.3%
Low	$230.00	−18.5%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	$311.82
Dec 31, 2025	$305.63
Jan 30, 2026	$315.00
Feb 27, 2026	$341.06
Mar 31, 2026	$310.79
Apr 30, 2026	$293.59
May 29, 2026	$279.20
Jun 30, 2026	$270.31
Jul 31, 2026	$270.64
Aug 31, 2026	$263.54
Sep 30, 2026	$230.94
Oct 30, 2026	$258.12
Nov 10, 2026	$282.08

McDonald's peers

Ticker	Company	Market cap ($M)	P/E	Price ($)	1-day change	52-week range
MCD	McDonald's	199,127	22.3x	282.14	+0.25%	229.20341.75
SBUX	Starbucks	125,354	49.8x	109.95	+0.47%	81.97111.50
CMG	Chipotle Mexican Grill	45,438	33.6x	35.92	+0.50%	27.3141.42
YUM	Yum! Brands	42,978	12.9x	160.21	−0.42%	134.26170.14
DRI	Darden Restaurants	25,871	22.2x	228.66	−0.48%	169.00233.98
DPZ	Domino's	10,858	18.2x	330.06	−1.23%	282.00442.35