Mcdonalds (MCD) Operating Expenses (2009 - 2026)
Mcdonalds posted quarterly Operating Expenses of $3.6 billion for Q1 2026, up 7.74% year-on-year from $3.3 billion in Q1 2025, and down 7.5% on a QoQ basis from $3.9 billion in Q4 2025.
Mcdonalds (MCD) has 18 years of Operating Expenses data on file, last reported at $3.6 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 7.74% year-over-year to $3.6 billion; the trailing twelve-month figure through Mar 2026 stood at $14.7 billion (up 4.73% YoY), and the FY2025 full-year result was $14.5 billion, up 2.0% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.6 billion, 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.
- The 5-year median for Operating Expenses is $3.5 billion (2024), against an average of $3.5 billion.
- The widest annual swing landed in 2022, when Operating Expenses grew 25.33%; it then slipped 15.31% in 2023.
- A 5-year view of Operating Expenses shows it stood at $3.3 billion in 2022, then climbed by 7.77% to $3.6 billion in 2023, then dropped by 2.33% to $3.5 billion in 2024, then climbed by 9.46% to $3.9 billion in 2025, then fell by 7.5% to $3.6 billion in 2026.
- The last three Operating Expenses figures came in at $3.6 billion (Q1 2026), $3.9 billion (Q4 2025), and $3.7 billion (Q3 2025), per Business Quant data.
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 | Mcdonalds | 196,409.04 | -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 |
| Mar 31, 2021 | 2.84 Bn |
| Dec 31, 2020 | 3.17 Bn |
| Sep 30, 2020 | 2.89 Bn |
| Jun 30, 2020 | 2.80 Bn |
| Mar 31, 2020 | 3.02 Bn |
| Dec 31, 2019 | 3.14 Bn |
| Sep 30, 2019 | 3.09 Bn |
| Jun 30, 2019 | 3.14 Bn |
| Mar 31, 2019 | 2.93 Bn |
| Dec 31, 2018 | 3.40 Bn |
| Sep 30, 2018 | 2.95 Bn |
| Jun 30, 2018 | 3.09 Bn |
| Mar 31, 2018 | 3.00 Bn |
| Dec 31, 2017 | 3.20 Bn |
| Sep 30, 2017 | 2.68 Bn |
| Jun 30, 2017 | 3.75 Bn |
| Mar 31, 2017 | 3.64 Bn |
| Dec 31, 2016 | 4.06 Bn |
| Sep 30, 2016 | 4.29 Bn |
| Jun 30, 2016 | 4.41 Bn |
| Mar 31, 2016 | 4.12 Bn |
| Dec 31, 2015 | 4.46 Bn |
| Sep 30, 2015 | 4.58 Bn |
| Jun 30, 2015 | 4.65 Bn |
| Mar 31, 2015 | 4.57 Bn |
| Dec 31, 2014 | 4.82 Bn |
| Sep 30, 2014 | 4.91 Bn |
| Jun 30, 2014 | 4.99 Bn |
| Mar 31, 2014 | 4.76 Bn |
| Dec 31, 2013 | 4.89 Bn |
| Sep 30, 2013 | 4.91 Bn |
| Jun 30, 2013 | 4.89 Bn |
| Mar 31, 2013 | 4.66 Bn |
| Dec 31, 2012 | 4.75 Bn |
| Sep 30, 2012 | 4.87 Bn |
| Jun 30, 2012 | 4.76 Bn |
| Mar 31, 2012 | 4.58 Bn |
| Dec 31, 2011 | 4.70 Bn |
| Sep 30, 2011 | 4.77 Bn |
| Jun 30, 2011 | 4.72 Bn |
| Mar 31, 2011 | 4.29 Bn |
| Dec 31, 2010 | 4.36 Bn |
| Sep 30, 2010 | 4.21 Bn |
| Jun 30, 2010 | 4.10 Bn |
| Mar 31, 2010 | 3.94 Bn |
| Dec 31, 2009 | 4.15 Bn |
| Sep 30, 2009 | 4.11 Bn |
| Jun 30, 2009 | 3.97 Bn |
| Mar 31, 2009 | 3.68 Bn |