Mcdonalds (MCD) Operating Expenses (2009 - 2026)
Mcdonalds (MCD) posted Operating Expenses of $3.6 billion for Q1 2026, down 7.5% on a QoQ basis from $3.9 billion in Q4 2025, and up 7.74% year-over-year from $3.3 billion in Q1 2025.
Mcdonalds (MCD) Operating Expenses (2009 - 2026) Analysis & Trends
Mcdonalds' Operating Expenses history runs 18 years deep, the most recent figure standing at $3.6 billion for Q1 2026.
- Quarterly Operating Expenses rose 7.74% year-over-year to $3.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $14.7 billion (up 4.73% YoY) and the FY2025 annual result came in at $14.5 billion, up 2.0% from the prior year.
- Operating Expenses was $3.6 billion for Q1 2026 at Mcdonalds, down from $3.9 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $4.0 billion in Q2 2022 and bottomed at $3.1 billion in Q3 2022.
- A 5-year average of $3.5 billion and a median of $3.5 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses gained 25.33% — and 2023, when it fell 15.31%.
- Mcdonalds' Operating Expenses stood at $3.3 billion in 2022, then grew by 7.77% to $3.6 billion in 2023, then declined by 2.33% to $3.5 billion in 2024, then grew by 9.46% to $3.9 billion in 2025, then retreated by 7.5% to $3.6 billion in 2026.
- Business Quant data shows MCD's Operating Expenses at $3.6 billion in Q1 2026, $3.9 billion in Q4 2025, and $3.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 8.75 Bn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 2.69 Bn |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 1.42 Bn |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 3.20 Bn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 115.37 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 430.11 Mn |
| 10 | Mcdonalds | 186,872.12 | -1.17 Bn | 5.84 Bn | 3.56 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.56 Bn |
| Dec 31, 2025 | 3.85 Bn |
| Sep 30, 2025 | 3.72 Bn |
| Jun 30, 2025 | 3.61 Bn |
| Mar 31, 2025 | 3.31 Bn |
| Dec 31, 2024 | 3.52 Bn |
| Sep 30, 2024 | 3.69 Bn |
| Jun 30, 2024 | 3.57 Bn |
| Mar 31, 2024 | 3.43 Bn |
| Dec 31, 2023 | 3.60 Bn |
| Sep 30, 2023 | 3.48 Bn |
| Jun 30, 2023 | 3.39 Bn |
| Mar 31, 2023 | 3.37 Bn |
| Dec 31, 2022 | 3.34 Bn |
| Sep 30, 2022 | 3.11 Bn |
| Jun 30, 2022 | 4.01 Bn |
| Mar 31, 2022 | 3.35 Bn |
| Dec 31, 2021 | 3.61 Bn |
| Sep 30, 2021 | 3.21 Bn |
| Jun 30, 2021 | 3.20 Bn |