diff --git a/CHANGELOG.md b/CHANGELOG.md
index 81831bfbbefe..43c2b95e994f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,10 @@
 
 ## master (unreleased)
 
+### Bug fixes
+
+* [#7439](https://github.com/rubocop-hq/rubocop/issues/7439): Make `Style/FormatStringToken` ignore percent escapes (`%%`). ([@buehmann][])
+
 ## 0.75.1 (2019-10-14)
 
 ### Bug fixes
diff --git a/lib/rubocop/cop/style/format_string_token.rb b/lib/rubocop/cop/style/format_string_token.rb
index fc9594d3cfe0..77c5e10d9ea4 100644
--- a/lib/rubocop/cop/style/format_string_token.rb
+++ b/lib/rubocop/cop/style/format_string_token.rb
@@ -104,6 +104,8 @@ def token_ranges(contents)
           format_string = RuboCop::Cop::Utils::FormatString.new(contents.source)
 
           format_string.format_sequences.each do |seq|
+            next if seq.percent?
+
             detected_style = seq.style
             token = contents.begin.adjust(
               begin_pos: seq.begin_pos,
diff --git a/spec/rubocop/cop/style/format_string_token_spec.rb b/spec/rubocop/cop/style/format_string_token_spec.rb
index cc4ae3a89f1b..56bdb0ee8c36 100644
--- a/spec/rubocop/cop/style/format_string_token_spec.rb
+++ b/spec/rubocop/cop/style/format_string_token_spec.rb
@@ -81,6 +81,10 @@
     end
   end
 
+  it 'ignores percent escapes' do
+    expect_no_offenses("format('%<hit_rate>6.2f%%', hit_rate: 12.34)")
+  end
+
   it 'ignores xstr' do
     expect_no_offenses('`echo "%s %<annotated>s %{template}"`')
   end