Mcdonalds (MCD) Operating Margin (2009 - 2026)
Mcdonalds (MCD) reported Operating Margin of 47.02% for Q2 2026, down 0.21 percentage points from 47.23% a year earlier but up 1.71 percentage points from the prior quarter.
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Analysis
Mcdonalds (MCD) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mcdonalds' Operating Margin came in at 46.22%, up 0.42 percentage points year-over-year; for FY2025, it was 46.10%, up 0.91 percentage points from FY2024.
- Operating Margin has a five-year change of +7.97 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 45.19% in FY2024 (-0.50 pp), 45.69% in FY2023 (+5.26 pp), 40.42% in FY2022 (-4.17 pp) and 44.59% in FY2021 (+6.46 pp).
- Five-year quarterly Operating Margin spans a low of 29.93% in Q2 2022 and a high of 48.16% in Q3 2021.
- Year over year, Operating Margin gained in six of the last eight quarters, with an average year-over-year change of +0.47 percentage points.
- The high point for year-over-year Operating Margin in five years was Q2 2023 (a gain of 17.83 percentage points); the low point was Q2 2022 (a drop of 15.77 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 45.31% (Q1 2026), 45.03% (Q4 2025) and 47.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 199.07 Bn | 195.11 Bn | 6.47 Bn | 50.23% |
| 2 | Starbucks | 125.34 Bn | 125.35 Bn | - | - |
| 3 | Chipotle Mexican Grill | 45.50 Bn | 42.00 Bn | - | 13.72% |
| 4 | Yum Brands | 42.97 Bn | 38.79 Bn | 1.38 Bn | 112.80% |
| 5 | Restaurant Brands International | 27.07 Bn | 24.44 Bn | 1.40 Bn | 27.56% |
| 6 | Darden Restaurants | 25.87 Bn | 24.97 Bn | 1.68 Bn | 9.98% |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 27.56% |
| 8 | Yum China Holdings | 16.86 Bn | 11.73 Bn | 652.00 Mn | 12.97% |
| 9 | Texas Roadhouse | 12.35 Bn | 11.68 Bn | 1.02 Bn | 6.55% |
| 10 | Luckin Coffee | 11.80 Bn | 6.89 Bn | 1.64 Bn | 15.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 50.23% |
| Jun 30, 2026 | 47.02% |
| Mar 31, 2026 | 45.31% |
| Sep 30, 2025 | 47.43% |
| Jun 30, 2025 | 47.23% |
| Mar 31, 2025 | 44.46% |
| Sep 30, 2024 | 46.38% |
| Jun 30, 2024 | 44.99% |
| Mar 31, 2024 | 44.35% |
| Sep 30, 2023 | 47.94% |
| Jun 30, 2023 | 47.77% |
| Mar 31, 2023 | 42.93% |
| Sep 30, 2022 | 47.07% |
| Jun 30, 2022 | 29.93% |
| Mar 31, 2022 | 40.82% |
| Sep 30, 2021 | 48.16% |
| Jun 30, 2021 | 45.71% |
| Mar 31, 2021 | 44.52% |
| Sep 30, 2020 | 46.63% |
| Jun 30, 2020 | 25.55% |
API Access
Mcdonalds Operating 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=operating-margin&ticker=MCD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MCD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();