McDonald’s Q4 Revenues Rise 10% to $7B, EPS of $3.12 Tops Estimates
McDonald’s Q4 adjusted EPS of $3.12 topped the $3.05 consensus while net revenues rose 10% year over year to $7.0 billion, driven by company-operated sales up 10% and franchise sales up 9%. The $5 Meal promotion fueled a 5.7% global comp-sales gain—the fastest in two years—and spurred analysts to lift price targets to $370.
1. Q4 Earnings and Revenue Performance
McDonald’s delivered adjusted EPS of $3.12 in Q4 2025, exceeding the $3.05 forecast, with net revenues climbing 10% year over year to $7.0 billion. Company-operated restaurant sales reached $2.54 billion (up 10%) while franchise revenues hit $4.31 billion (up 9%), supporting a 10% rise in operating income to $3.15 billion.
2. Value Promotion and Comparable-Sales Growth
The rollout of the $5 Meal drove systemwide comparable sales up 5.7% versus a 0.4% gain last year, with U.S. comps surging 6.8%. Other revenues jumped 35% to $162 million, marking the fastest sales momentum in two years.
3. Analyst Upgrades and Stock Milestones
In response to the earnings beat and successful value push, Truist and BTIG raised McDonald’s price targets to $370, a 12% upside from prior levels. The stock reached fresh all-time highs, reflecting a market capitalization of about $237 billion.