Chipotle Mexican Grill (CMG) Operating Income (2009 - 2026)
Chipotle Mexican Grill's Operating Income came in at $525.6 million for Q2 2026, down 6.0% from $559.06 million a year earlier but up 32.4% from the prior quarter.
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Analysis
Chipotle Mexican Grill (CMG) Operating Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Chipotle Mexican Grill reported Operating Income of $1.82 billion, down 5.6% year-over-year; for FY2025, it came in at $1.94 billion, up 1.0% from FY2024.
- Operating Income has increased in each of the last five years, with a five-year compound annual growth rate of 46.2% (FY2020 to FY2025).
- Going back by year, Operating Income was $1.92 billion in FY2024 (+23.0%), $1.56 billion in FY2023 (+34.2%), $1.16 billion in FY2022 (+44.2%) and $804.94 million in FY2021 (+177.4%).
- The five-year range for quarterly Operating Income is $158.3 million (Q4 2021) to $586.05 million (Q2 2024).
- Year-over-year, Operating Income increased in five of the last eight quarters, with growth averaging 2.1%.
- The fastest year-over-year change in Operating Income over five years came in Q3 2021 (growth of 123.8%), and the weakest in Q1 2026 (a decline of 17.1%).
- Business Quant data shows CMG's Operating Income at $397.06 million (Q1 2026), $420.32 million (Q4 2025) and $477.17 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.89 Bn | 166.71 Bn | 6.42 Bn | 3.34 Bn |
| 2 | Starbucks | 109.83 Bn | 97.45 Bn | - | 980.40 Mn |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | 655.00 Mn |
| 4 | Chipotle Mexican Grill | 39.16 Bn | 35.14 Bn | - | 525.60 Mn |
| 5 | Restaurant Brands International | 25.80 Bn | 21.36 Bn | 1.38 Bn | 716.00 Mn |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 319.30 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 716.00 Mn |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 348.00 Mn |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | 142.79 Mn |
| 10 | Luckin Coffee | 10.72 Bn | 9.80 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 525.60 Mn |
| Mar 31, 2026 | 397.06 Mn |
| Dec 31, 2025 | 420.32 Mn |
| Sep 30, 2025 | 477.17 Mn |
| Jun 30, 2025 | 559.06 Mn |
| Mar 31, 2025 | 479.25 Mn |
| Dec 31, 2024 | 415.73 Mn |
| Sep 30, 2024 | 473.26 Mn |
| Jun 30, 2024 | 586.05 Mn |
| Mar 31, 2024 | 441.29 Mn |
| Dec 31, 2023 | 363.45 Mn |
| Sep 30, 2023 | 394.95 Mn |
| Jun 30, 2023 | 431.81 Mn |
| Mar 31, 2023 | 367.61 Mn |
| Dec 31, 2022 | 296.33 Mn |
| Sep 30, 2022 | 336.25 Mn |
| Jun 30, 2022 | 337.60 Mn |
| Mar 31, 2022 | 190.22 Mn |
| Dec 31, 2021 | 158.30 Mn |
| Sep 30, 2021 | 239.68 Mn |
API Access
Chipotle Mexican Grill Operating Income 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-income&ticker=CMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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-income&ticker=CMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();