Mcdonalds (MCD) Operating Expenses (2009 - 2026)
Mcdonalds' (MCD) quarterly Operating Expenses came in at $3.6 billion in Q1 2026, up 7.74% YoY from $3.3 billion in Q1 2025, and down 7.5% on a QoQ basis from $3.9 billion in Q4 2025.
Mcdonalds (MCD) Operating Expenses (2009 - 2026) Analysis & Trends
Mcdonalds (MCD) has 18 years of Operating Expenses data on file, last reported at $3.6 billion in 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 retreated to $3.6 billion in Q1 2026, from $3.9 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.0 billion in Q2 2022 to a low of $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 grew 25.33% — and 2023, when it slipped 15.31%.
- Tracing MCD's Operating Expenses over 5 years: stood at $3.3 billion in 2022, then advanced by 7.77% to $3.6 billion in 2023, then slipped by 2.33% to $3.5 billion in 2024, then advanced by 9.46% to $3.9 billion in 2025, then declined 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 115.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.76 Bn |
| 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 |