Growth Metrics

Chipotle Mexican Grill (CMG) Operating Expenses (2010 - 2026)

Chipotle Mexican Grill (CMG) reported Operating Expenses of $2.7 billion for Q1 2026, up 12.32% year-over-year from $2.4 billion in Q1 2025, and up 4.99% on a QoQ basis from $2.6 billion in Q4 2025.

Chipotle Mexican Grill (CMG) has 17 years of Operating Expenses data on file, last reported at $2.7 billion in Q1 2026.

  • Quarterly Operating Expenses rose 12.32% year-over-year to $2.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $10.3 billion (up 7.89% YoY) and the FY2025 annual result came in at $10.0 billion, up 6.3% from the prior year.
  • Operating Expenses rose to $2.7 billion in Q1 2026 per CMG's latest filing, from $2.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.7 billion in Q1 2026 and bottomed at $1.8 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $2.3 billion (2024), against an average of $2.2 billion.
  • Peak annual rise in Operating Expenses reached 15.83% in 2022, while the deepest fall reached 4.55% in 2022.
  • Tracing CMG's Operating Expenses over 5 years: stood at $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 advanced by 5.5% to $2.6 billion in 2025, then gained by 4.99% to $2.7 billion in 2026.
  • Per Business Quant, the three latest CMG Operating Expenses figures stand at $2.7 billion (Q1 2026), $2.6 billion (Q4 2025), and $2.5 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Starbucks 110.27 Bn 108.58 Bn 9.40 Bn 8.75 Bn
2 Yum Brands 40.90 Bn 40.21 Bn 1.38 Bn 1.42 Bn
3 Chipotle Mexican Grill 39.62 Bn 38.75 Bn 2.61 Bn 2.69 Bn
4 Restaurant Brands International 25.25 Bn 25.79 Bn 2.14 Bn 1.66 Bn
5 Darden Restaurants 23.41 Bn 23.17 Bn 3.31 Bn 2.94 Bn
6 Yum China Holdings 15.07 Bn 13.64 Bn 3.24 Bn 2.82 Bn
7 Texas Roadhouse 11.59 Bn 11.39 Bn 1.40 Bn 1.49 Bn
8 Dominos Pizza 10.51 Bn 10.27 Bn 464.51 Mn 111.41 Mn
9 Cava 8.67 Bn 8.28 Bn 797.57 Mn 272.18 Mn
10 Dutch Bros 7.47 Bn 7.43 Bn 107.48 Mn 430.11 Mn

Historic Data

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DateValue
Mar 31, 2026 2.69 Bn
Dec 31, 2025 2.56 Bn
Sep 30, 2025 2.53 Bn
Jun 30, 2025 2.50 Bn
Mar 31, 2025 2.40 Bn
Dec 31, 2024 2.43 Bn
Sep 30, 2024 2.32 Bn
Jun 30, 2024 2.39 Bn
Mar 31, 2024 2.26 Bn
Dec 31, 2023 2.15 Bn
Sep 30, 2023 2.08 Bn
Jun 30, 2023 2.08 Bn
Mar 31, 2023 2.00 Bn
Dec 31, 2022 1.88 Bn
Sep 30, 2022 1.88 Bn
Jun 30, 2022 1.88 Bn
Mar 31, 2022 1.83 Bn
Dec 31, 2021 1.80 Bn
Sep 30, 2021 1.71 Bn
Jun 30, 2021 1.65 Bn
Mar 31, 2021 1.58 Bn
Dec 31, 2020 1.49 Bn
Sep 30, 2020 1.49 Bn
Jun 30, 2020 1.37 Bn
Mar 31, 2020 1.34 Bn
Dec 31, 2019 1.34 Bn
Sep 30, 2019 1.29 Bn
Jun 30, 2019 1.31 Bn
Mar 31, 2019 1.20 Bn
Dec 31, 2018 1.19 Bn
Sep 30, 2018 1.17 Bn
Jun 30, 2018 1.20 Bn
Mar 31, 2018 1.06 Bn
Dec 31, 2017 1.05 Bn
Sep 30, 2017 1.10 Bn
Jun 30, 2017 1.06 Bn
Mar 31, 2017 995.66 Mn
Dec 31, 2016 1.00 Bn
Sep 30, 2016 1.03 Bn
Jun 30, 2016 957.49 Mn
Mar 31, 2016 881.06 Mn
Dec 31, 2015 893.89 Mn
Sep 30, 2015 982.13 Mn
Jun 30, 2015 970.37 Mn
Mar 31, 2015 891.24 Mn
Dec 31, 2014 881.94 Mn
Sep 30, 2014 876.79 Mn
Jun 30, 2014 870.23 Mn
Mar 31, 2014 768.51 Mn
Dec 31, 2013 715.04 Mn
Sep 30, 2013 689.75 Mn
Jun 30, 2013 670.37 Mn
Mar 31, 2013 606.71 Mn
Dec 31, 2012 596.97 Mn
Sep 30, 2012 582.87 Mn
Jun 30, 2012 557.14 Mn
Mar 31, 2012 538.38 Mn
Dec 31, 2011 502.88 Mn
Sep 30, 2011 493.84 Mn
Jun 30, 2011 487.70 Mn
Mar 31, 2011 434.56 Mn
Dec 31, 2010 408.53 Mn
Sep 30, 2010 399.29 Mn
Jun 30, 2010 391.88 Mn
Mar 31, 2010 348.39 Mn