Chipotle Mexican Grill (CMG) Operating Expenses (2010 - 2026)
Chipotle Mexican Grill's (CMG) quarterly Operating Expenses came in at $2.8 billion in Q2 2026, up 12.72% year-over-year from $2.5 billion in Q2 2025, and up 4.9% quarter-over-quarter from $2.7 billion in Q1 2026.
Powered by 
Analysis
Chipotle Mexican Grill (CMG) Operating Expenses (2010 - 2026) Analysis & Trends
Chipotle Mexican Grill (CMG) has reported Operating Expenses for 17 consecutive years, with $2.8 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 12.72% year-over-year to $2.8 billion in Q2 2026; TTM through Jun 2026 was $10.6 billion, a 9.88% increase from a year earlier, with the FY2025 full-year figure at $10.0 billion, up 6.3% from the prior year.
- Operating Expenses was $2.8 billion for Q2 2026 at Chipotle Mexican Grill, up from $2.7 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.8 billion in Q2 2026 and troughed at $1.8 billion in Q1 2022.
- A 5-year average of $2.3 billion and a median of $2.3 billion in 2024 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 15.83% in 2022, down 4.55% in 2022.
- Over 5 years, Operating Expenses stood at $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 climbed by 5.5% to $2.6 billion in 2025, then gained by 10.13% to $2.8 billion in 2026.
- The last three Operating Expenses figures came in at $2.8 billion (Q2 2026), $2.7 billion (Q1 2026), and $2.6 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Dominos Pizza | 9.81 Bn | 9.60 Bn | 478.23 Mn | 115.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.82 Bn |
| 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 |
API Access
Chipotle Mexican Grill Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();