Mcdonalds (MCD) Net Margin (2009 - 2026)
Mcdonalds' Net Margin came in at 33.27% for Q2 2026, up 0.35 percentage points from 32.92% a year earlier and up 2.84 percentage points from the prior quarter.
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Analysis
Mcdonalds (MCD) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Mcdonalds reported Net Margin of 31.72%, down 0.48 percentage points year-over-year; for FY2025, it came in at 31.85%, up 0.13 percentage points from FY2024.
- Net Margin carries a five-year change of +7.22 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 31.72% in FY2024 (-1.50 pp), 33.22% in FY2023 (+6.58 pp), 26.64% in FY2022 (-5.85 pp) and 32.49% in FY2021 (+7.86 pp).
- The Q2 2026 figure represents the highest quarterly Net Margin since Q3 2023.
- Year-over-year, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -0.26 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q2 2023 (a gain of 14.77 percentage points), and the weakest in Q2 2022 (a drop of 16.92 percentage points).
- Business Quant data shows MCD's Net Margin at 30.43% (Q1 2026), 30.87% (Q4 2025) and 32.18% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.37 Bn | 193.19 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 124.54 Bn | 112.16 Bn | - | 11.21% |
| 3 | Yum Brands | 45.70 Bn | 42.58 Bn | 1.47 Bn | 39.33% |
| 4 | Chipotle Mexican Grill | 44.92 Bn | 41.42 Bn | - | 10.32% |
| 5 | Restaurant Brands International | 27.31 Bn | 23.10 Bn | 1.40 Bn | 21.47% |
| 6 | Darden Restaurants | 26.21 Bn | 25.31 Bn | 1.68 Bn | 7.29% |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 27.88% |
| 8 | Yum China Holdings | 17.27 Bn | 10.93 Bn | 537.00 Mn | 7.78% |
| 9 | Texas Roadhouse | 12.83 Bn | 12.17 Bn | - | 7.26% |
| 10 | Dominos Pizza | 11.25 Bn | 10.50 Bn | 476.38 Mn | 12.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.27% |
| Mar 31, 2026 | 30.43% |
| Dec 31, 2025 | 30.87% |
| Sep 30, 2025 | 32.18% |
| Jun 30, 2025 | 32.92% |
| Mar 31, 2025 | 31.36% |
| Dec 31, 2024 | 31.56% |
| Sep 30, 2024 | 32.81% |
| Jun 30, 2024 | 31.16% |
| Mar 31, 2024 | 31.27% |
| Dec 31, 2023 | 31.83% |
| Sep 30, 2023 | 34.62% |
| Jun 30, 2023 | 35.55% |
| Mar 31, 2023 | 30.55% |
| Dec 31, 2022 | 32.11% |
| Sep 30, 2022 | 33.75% |
| Jun 30, 2022 | 20.78% |
| Mar 31, 2022 | 19.49% |
| Dec 31, 2021 | 27.27% |
| Sep 30, 2021 | 34.67% |
API Access
Mcdonalds Net Margin 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=net-margin&ticker=MCD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MCD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MCD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();