Mcdonalds (MCD) Operating Margin (2009 - 2026)

Mcdonalds' Operating Margin history runs 18 years deep, the most recent figure standing at 45.31% for Q1 2026.

• Quarterly Operating Margin rose 85.0% year-over-year to 45.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 46.26% (up 105.0% YoY) and the FY2025 annual result came in at 46.1%, up 91.0% from the prior year.
• Operating Margin was 45.31% for Q1 2026 at Mcdonalds, up from 45.03% in the prior quarter.
• Across five years, Operating Margin topped out at 47.94% in Q3 2023 and bottomed at 29.93% in Q2 2022.
• A 5-year average of 44.34% and a median of 44.99% in 2024 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2022 — Operating Margin tumbled 1577 bps — and 2023, when it surged 1783 bps.
• Mcdonalds' Operating Margin stood at 43.58% in 2022, then advanced by 0 bps to 43.74% in 2023, then grew by 3 bps to 44.9% in 2024, then increased by 0 bps to 45.03% in 2025, then gained by 1 bps to 45.31% in 2026.
• Business Quant data shows MCD's Operating Margin at 45.31% in Q1 2026, 45.03% in Q4 2025, and 47.43% in Q3 2025.