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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.

  • Quarterly Operating Expenses rose 5.5% to $2.6 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $10.0 billion through Dec 2025, up 6.3% year-over-year, with the annual reading at $10.0 billion for FY2025, 6.3% up from the prior year.
  • Operating Expenses for Q4 2025 was $2.6 billion at Chipotle Mexican Grill, up from $2.5 billion in the prior quarter.
  • The five-year high for Operating Expenses was $2.6 billion in Q4 2025, with the low at $1.6 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $2.1 billion, with a median of $2.1 billion recorded in 2023.
  • The sharpest move saw Operating Expenses grew 20.9% in 2021, then increased 4.55% in 2022.
  • Over 5 years, Operating Expenses stood at $1.8 billion in 2021, then increased by 4.55% to $1.9 billion in 2022, then rose by 14.26% to $2.2 billion in 2023, then rose by 12.85% to $2.4 billion in 2024, then rose by 5.5% to $2.6 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $2.6 billion, $2.5 billion, and $2.5 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.