Emmanuel Macron’s second and final presidential term is constitutionally limited to end on May 13, 2027, after which a new president will be elected in April 2027 under France’s two-consecutive-term rule. He has repeatedly stated his intent to complete the mandate despite repeated government crises, prime ministerial resignations, and no-confidence votes stemming from the fragmented National Assembly following the 2024 snap legislative elections. In April 2026, Macron signaled he would withdraw from active politics afterward, while rejecting earlier calls to resign early. Traders assign very low probabilities to an exit before mid-2026 because no constitutional mechanism compels departure before term end absent voluntary resignation or incapacitation, and recent parliamentary instability has not altered his public stance. The upcoming G7 presidency and domestic budget negotiations represent near-term tests of executive continuity.