Mcdonalds (MCD) Operating Margin (2009 - 2026)
Mcdonalds posted quarterly Operating Margin of 45.31% for Q1 2026, up 85.0% year-on-year from 24.49% in Q1 2025, and up 0.63% on a QoQ basis from 45.03% in Q4 2025.
Mcdonalds (MCD) has 18 years of Operating Margin data on file, last reported at 45.31% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 85.0% year-over-year to 45.31%; the trailing twelve-month figure through Mar 2026 stood at 46.26% (up 105.0% YoY), and the FY2025 full-year result was 46.1%, up 91.0% from the prior year.
- Operating Margin for Q1 2026 stood at 45.31%, 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.
- The 5-year median for Operating Margin is 44.99% (2024), against an average of 44.34%.
- The widest annual swing landed in 2022, when Operating Margin slumped 1577 bps; it then surged 1783 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 43.58% in 2022, then gained by 0 bps to 43.74% in 2023, then climbed by 3 bps to 44.9% in 2024, then grew by 0 bps to 45.03% in 2025, then rose by 1 bps to 45.31% in 2026.
- The last three Operating Margin figures came in at 45.31% (Q1 2026), 45.03% (Q4 2025), and 47.43% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 8.69% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 31.28% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 12.86% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 26.77% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 12.15% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 13.67% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 8.96% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 20.02% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 1.02% |
| 10 | Mcdonalds | 196,409.04 | -1.17 Bn | 5.84 Bn | 45.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.31% |
| Dec 31, 2025 | 45.03% |
| Sep 30, 2025 | 47.43% |
| Jun 30, 2025 | 47.23% |
| Mar 31, 2025 | 44.46% |
| Dec 31, 2024 | 44.90% |
| Sep 30, 2024 | 46.38% |
| Jun 30, 2024 | 44.99% |
| Mar 31, 2024 | 44.35% |
| Dec 31, 2023 | 43.74% |
| Sep 30, 2023 | 47.94% |
| Jun 30, 2023 | 47.77% |
| Mar 31, 2023 | 42.93% |
| Dec 31, 2022 | 43.58% |
| Sep 30, 2022 | 47.07% |
| Jun 30, 2022 | 29.93% |
| Mar 31, 2022 | 40.82% |
| Dec 31, 2021 | 39.89% |
| Sep 30, 2021 | 48.16% |
| Jun 30, 2021 | 45.71% |
| Mar 31, 2021 | 44.52% |
| Dec 31, 2020 | 40.33% |
| Sep 30, 2020 | 46.63% |
| Jun 30, 2020 | 25.55% |
| Mar 31, 2020 | 35.92% |
| Dec 31, 2019 | 42.86% |
| Sep 30, 2019 | 43.79% |
| Jun 30, 2019 | 42.03% |
| Mar 31, 2019 | 41.68% |
| Dec 31, 2018 | 38.73% |
| Sep 30, 2018 | 45.03% |
| Jun 30, 2018 | 42.26% |
| Mar 31, 2018 | 41.70% |
| Dec 31, 2017 | 40.15% |
| Sep 30, 2017 | 100.49% |
| Jun 30, 2017 | 64.30% |
| Mar 31, 2017 | 59.61% |
| Dec 31, 2016 | 32.66% |
| Sep 30, 2016 | 33.27% |
| Jun 30, 2016 | 47.44% |
| Mar 31, 2016 | 47.43% |
| Dec 31, 2015 | 29.65% |
| Sep 30, 2015 | 30.69% |
| Jun 30, 2015 | 28.46% |
| Mar 31, 2015 | 23.25% |
| Dec 31, 2014 | 26.65% |
| Sep 30, 2014 | 29.66% |
| Jun 30, 2014 | 45.74% |
| Mar 31, 2014 | 43.11% |
| Dec 31, 2013 | 31.02% |
| Sep 30, 2013 | 49.09% |
| Jun 30, 2013 | 31.02% |
| Mar 31, 2013 | 29.51% |
| Dec 31, 2012 | 31.61% |
| Sep 30, 2012 | 31.98% |
| Jun 30, 2012 | 46.11% |
| Mar 31, 2012 | 30.01% |
| Dec 31, 2011 | 31.07% |
| Sep 30, 2011 | 33.42% |
| Jun 30, 2011 | 46.60% |
| Mar 31, 2011 | 43.97% |
| Dec 31, 2010 | 29.89% |
| Sep 30, 2010 | 49.37% |
| Jun 30, 2010 | 31.04% |
| Mar 31, 2010 | 44.02% |
| Dec 31, 2009 | 30.57% |
| Sep 30, 2009 | 47.22% |
| Jun 30, 2009 | 43.67% |
| Mar 31, 2009 | 27.58% |