Growth Metrics

Chipotle Mexican Grill (CMG) Operating Expenses (2016 - 2025)

Chipotle Mexican Grill (CMG) has disclosed Operating Expenses for 16 consecutive years, with $2.6 billion as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 5.5% to $2.6 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $10.0 billion, a 6.3% increase, with the full-year FY2025 number at $10.0 billion, up 6.3% from a year prior.
  • Operating Expenses was $2.6 billion for Q4 2025 at Chipotle Mexican Grill, up from $2.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $2.6 billion in Q4 2025 to a low of $1.6 billion in Q1 2021.
  • A 5-year average of $2.1 billion and a median of $2.1 billion in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: rose 20.9% in 2021, then grew 4.55% in 2022.
  • Chipotle Mexican Grill's Operating Expenses stood at $1.8 billion in 2021, then grew by 4.55% to $1.9 billion in 2022, then increased by 14.26% to $2.2 billion in 2023, then increased by 12.85% to $2.4 billion in 2024, then increased by 5.5% to $2.6 billion in 2025.
  • Per Business Quant, the three most recent readings for CMG's Operating Expenses are $2.6 billion (Q4 2025), $2.5 billion (Q3 2025), and $2.5 billion (Q2 2025).