Chipotle Mexican Grill (CMG) Net Margin (2010 - 2026)

Chipotle Mexican Grill has reported Net Margin for 17 years, with the latest figure at 12.05% in Q2 2026.

• Net Margin for Q2 2026 came in at 12.05%, down 219.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 11.42% (down 189.0% YoY), and the FY2025 annual result was 12.88%, down 68.0% from the prior year.
• Net Margin advanced to 12.05% in Q2 2026, from 9.81% in the prior quarter.
• Over five years, Net Margin peaked at 15.33% in Q2 2024 and troughed at 7.83% in Q1 2022.
• A 5-year average of 12.15% and a median of 12.18% in 2023 frame the typical range for Net Margin.
• The widest annual swing landed in 2023, when Net Margin soared 448 bps; it then plunged 364 bps in 2026.
• A 5-year view of Net Margin shows it stood at 10.26% in 2022, then rose by 9 bps to 11.21% in 2023, then gained by 4 bps to 11.66% in 2024, then declined by 5 bps to 11.09% in 2025, then rose by 9 bps to 12.05% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 12.05% in Q2 2026, 9.81% in Q1 2026, and 11.09% in Q4 2025.