McDonald's Corporation(MCD)Earnings Date, History & Expected MoveNYSE
Next report date, beat rate and options-implied move
MCD is scheduled to report on Nov 4, 2026, before the market opens. Analysts expect EPS of $3.42.
EPS: Actual vs Estimate
Reported EPS against the consensus estimate, last 12 quarters.
Green beat or met, red missed, amber sources differ.
Stock Reaction After Earnings
Close-to-close move in the first session that reflected each report.
Dashed lines mark the average actual move (±2.2%).
Did the stock rise after good news?
The next-day move after each of its last 7 EPS beats and 4 misses.
In plain words: it beat expectations 7 times, but the stock still fell 3 of those 7 times.
- Aug '26Beat▲ +1.2%
- May '26Beat▼ -0.1%
- Feb '26Beat▲ +2.7%
- Nov '25Missed▲ +2.2%
- Aug '25Beat▲ +3.0%
- Feb '25Missed▲ +4.8%
- Oct '24Beat▼ -0.6%
- Jul '24Missed▲ +3.7%
- Apr '24Missed▼ -0.2%
- Feb '24Beat▼ -3.7%
- Oct '23Beat▲ +1.7%
Clear beats and misses with a known reaction only. What counts as a beat
Why did MCD fall after beating earnings?
6 of MCD's last 11 reactions went against the EPS result. What stands out in each:
MCD beat EPS estimates in 7 quarters, and the stock still closed lower the next day 3 times.
- May 7, 2026EPS beat +3.3%→stock -0.1% next day
- It opened 1.3% higher, but sellers took over and it closed -0.1%.
- Oct 29, 2024EPS beat +0.9%→stock -0.6% next day
- The EPS beat was small (+0.9%).
- Feb 5, 2024EPS beat +4.2%→stock -3.7% next day
- It opened 3.4% lower as soon as trading resumed.
Rose despite an EPS miss (3 of 4)
- Nov 5, 2025EPS missed -3.3%→stock +2.2% next day
Nothing in the price and estimate numbers we track stands out for this one. Guidance and management comments are not part of our data.
- Feb 10, 2025EPS missed -1.0%→stock +4.8% next day
- The EPS miss was small (-1.0%).
- It opened 2.7% higher as soon as trading resumed.
- Jul 29, 2024EPS missed -3.3%→stock +3.7% next day
Nothing in the price and estimate numbers we track stands out for this one. Guidance and management comments are not part of our data.
Patterns in estimates and prices, not confirmed causes: how we read them.
Was MCD's earnings move already priced in?
MCD's move in the month before each of its last 12 reports, against what it did after.
How the run-up is measured (a move of 5% or more counts as large).
Before vs after each report
Grey: the month before each of the last 12 reports. Green or red: the day after.
Past reports only. How the run-up is measured
Does MCD hold its opening gap after earnings?
MCD's opening move after each report and where it closed that day.
In 9 reports MCD opened at least 1% away from the previous close. It gave back half or more of that gap by the close 2 of 9 times (22%), and fully reversed 1 time. Gaps up faded 1 of 6; gaps down recovered 1 of 3.
- Aug 4, 2026HeldOpened +1.9%, closed +1.2%
- May 7, 2026ReversedOpened +1.3%, closed -0.1%
- Feb 11, 2026HeldOpened +2.0%, closed +2.7%
- Aug 6, 2025HeldOpened +2.8%, closed +3.0%
- May 1, 2025HeldOpened -2.0%, closed -1.9%
- Feb 10, 2025HeldOpened +2.7%, closed +4.8%
- Apr 30, 2024FadedOpened -3.4%, closed -0.2%
- Feb 5, 2024HeldOpened -3.4%, closed -3.7%
What the history says
- MCD has beaten EPS estimates in 3 straight quarters.
- It fell after 3 of its 7 EPS beats (43%): beating estimates has not been enough on its own.
MCD earnings history
Last 12 reported quarters with the stock's reaction.
Swipe sideways to see every column →
| Report date | Time | EPS est. | EPS actual | Surprise | 1-day move | 3-day move |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Before open | $3.32 | $3.38 | +1.8% | +1.17% | +4.16% |
| May 7, 2026 | Before open | $2.74 | $2.83 | +3.3% | -0.14% | -3.34% |
| Feb 11, 2026 | After close | $3.05 | $3.12 | +2.3% | +2.74% | +1.36% |
| Nov 5, 2025 | Before open | $3.33 | $3.22 | -3.3% | +2.16% | +0.15% |
| Aug 6, 2025 | Before open | $3.15 | $3.19 | +1.3% | +2.98% | +2.24% |
| May 1, 2025 | Before open | $2.67 | $2.67 | 0.0% | -1.88% | -1.23% |
| Feb 10, 2025 | Before open | $2.86 | $2.83 | -1.0% | +4.80% | +4.52% |
| Oct 29, 2024 | Before open | $3.20 | $3.23 | +0.9% | -0.60% | -1.58% |
| Jul 29, 2024 | Before open | $3.07 | $2.97 | -3.3% | +3.74% | +5.32% |
| Apr 30, 2024 | Before open | $2.73 | $2.70 | -1.1% | -0.19% | -0.10% |
| Feb 5, 2024 | Before open | $2.83 | $2.95 | +4.2% | -3.73% | -3.27% |
| Oct 30, 2023 | Before open | $2.99 | $3.19 | +6.7% | +1.72% | +2.43% |
Consensus for the next report: EPS $3.42, revenue $7.36B.
MCD Earnings FAQ
Answers computed from McDonald's Corporation's reported history
MCD is scheduled to report on Nov 4, 2026, before the market opens. Analysts expect EPS of $3.42.
Over the last 12 quarters with a usable EPS surprise, MCD beat the consensus estimate 7 times (58%), missed 4 and landed in line 1. It has beaten estimates in each of the last 3 counted quarters.
Across its last 12 quarters with a measured reaction, MCD moved an average of ±2.2% in the first session after reporting. It closed higher 58% of the time; the largest gain was 4.8% and the largest drop -3.7%.
MCD fell in the first session after 3 of its last 7 EPS beats (43%). A beat that was already priced in, or weaker guidance, can send a stock lower.
Across its last 12 quarters with price data, MCD moved an average of -0.7% in the 20 trading sessions before reporting and was higher in 50% of them. This describes past reports; it is not a forecast.
In 9 reports MCD opened at least 1% away from the previous close. It gave back half or more of that gap by the close 2 of 9 times (22%), and fully reversed once. A fade means the opening move was partly undone during the first session.
How we calculate these numbers · MCD: 12 reported quarters, latest Aug 4, 2026. Information only, not investment advice.
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