Mcdonalds annual operating margin
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2025
Mcdonalds Operating Margin Growth & History (MCD)
Mcdonalds's operating margin was 46.10% for fiscal 2025.
View full Mcdonalds company overviewMcdonalds annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 46.10% | +0.91 pp |
| 2024 | 2024-12-31 | 45.19% | −0.50 pp |
| 2023 | 2023-12-31 | 45.69% | +5.26 pp |
| 2022 | 2022-12-31 | 40.42% | −4.17 pp |
| 2021 | 2021-12-31 | 44.59% | +6.46 pp |
| 2020 | 2020-12-31 | 38.13% | −4.32 pp |
| 2019 | 2019-12-31 | 42.45% | +0.95 pp |
| 2018 | 2018-12-31 | 41.50% | −0.36 pp |
| 2017 | 2017-12-31 | 41.86% | +10.41 pp |
| 2016 | 2016-12-31 | 31.45% | +3.34 pp |
| 2015 | 2015-12-31 | 28.12% | −0.85 pp |
| 2014 | 2014-12-31 | 28.97% | −2.22 pp |
| 2013 | 2013-12-31 | 31.18% | −0.03 pp |
| 2012 | 2012-12-31 | 31.21% | −0.37 pp |
| 2011 | 2011-12-31 | 31.58% | +0.54 pp |
| 2010 | 2010-12-31 | 31.04% | +0.96 pp |
| 2009 | 2009-12-31 | 30.08% | +2.69 pp |
| 2008 | 2008-12-31 | 27.39% | +10.37 pp |
| 2007 | 2007-12-31 | 17.02% | — |
Mcdonalds quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 47.02% | −0.21 pp |
| Q1 2026 | 2026-03-31 | 45.31% | +0.85 pp |
| Q4 2025 | 2025-12-31 | 45.03% | +0.14 pp |
| Q3 2025 | 2025-09-30 | 47.43% | +1.04 pp |
| Q2 2025 | 2025-06-30 | 47.23% | +2.24 pp |
| Q1 2025 | 2025-03-31 | 44.46% | +0.11 pp |
| Q4 2024 | 2024-12-31 | 44.90% | +1.14 pp |
| Q3 2024 | 2024-09-30 | 46.38% | −1.55 pp |
| Q2 2024 | 2024-06-30 | 44.99% | −2.78 pp |
| Q1 2024 | 2024-03-31 | 44.35% | +1.42 pp |
| Q4 2023 | 2023-12-31 | 43.76% | +0.18 pp |
| Q3 2023 | 2023-09-30 | 47.94% | +0.87 pp |
| Q2 2023 | 2023-06-30 | 47.77% | +17.83 pp |
| Q1 2023 | 2023-03-31 | 42.93% | +2.11 pp |
| Q4 2022 | 2022-12-31 | 43.58% | +3.68 pp |
| Q3 2022 | 2022-09-30 | 47.07% | −1.09 pp |
| Q2 2022 | 2022-06-30 | 29.93% | −15.77 pp |
| Q1 2022 | 2022-03-31 | 40.82% | −3.70 pp |
| Q4 2021 | 2021-12-31 | 39.89% | −0.44 pp |
| Q3 2021 | 2021-09-30 | 48.16% | +1.53 pp |
| Q2 2021 | 2021-06-30 | 45.71% | +20.15 pp |
| Q1 2021 | 2021-03-31 | 44.52% | +8.59 pp |
| Q4 2020 | 2020-12-31 | 40.33% | −1.91 pp |
| Q3 2020 | 2020-09-30 | 46.63% | +2.84 pp |
| Q2 2020 | 2020-06-30 | 25.55% | −16.48 pp |
| Q1 2020 | 2020-03-31 | 35.92% | −5.76 pp |
| Q4 2019 | 2019-12-31 | 42.23% | +5.18 pp |
| Q3 2019 | 2019-09-30 | 43.79% | −1.24 pp |
| Q2 2019 | 2019-06-30 | 42.03% | −0.22 pp |
| Q1 2019 | 2019-03-31 | 41.68% | −0.02 pp |
| Q4 2018 | 2018-12-31 | 37.06% | −3.09 pp |
| Q3 2018 | 2018-09-30 | 45.03% | −8.48 pp |
| Q2 2018 | 2018-06-30 | 42.26% | +4.32 pp |
| Q1 2018 | 2018-03-31 | 41.70% | +5.87 pp |
| Q4 2017 | 2017-12-31 | 40.15% | +7.49 pp |
| Q3 2017 | 2017-09-30 | 53.51% | +20.24 pp |
| Q2 2017 | 2017-06-30 | 37.94% | +8.28 pp |
| Q1 2017 | 2017-03-31 | 35.84% | +5.68 pp |
| Q4 2016 | 2016-12-31 | 32.66% | +3.01 pp |
| Q3 2016 | 2016-09-30 | 33.27% | +2.58 pp |
| Q2 2016 | 2016-06-30 | 29.66% | +1.19 pp |
| Q1 2016 | 2016-03-31 | 30.15% | +6.90 pp |
| Q4 2015 | 2015-12-31 | 29.65% | +3.00 pp |
| Q3 2015 | 2015-09-30 | 30.69% | +1.03 pp |
| Q2 2015 | 2015-06-30 | 28.46% | −2.02 pp |
| Q1 2015 | 2015-03-31 | 23.25% | −5.64 pp |
| Q4 2014 | 2014-12-31 | 26.65% | −4.37 pp |
| Q3 2014 | 2014-09-30 | 29.66% | −3.34 pp |
| Q2 2014 | 2014-06-30 | 30.48% | −0.54 pp |
| Q1 2014 | 2014-03-31 | 28.89% | −0.62 pp |
| Q4 2013 | 2013-12-31 | 31.02% | −0.59 pp |
| Q3 2013 | 2013-09-30 | 33.00% | +1.02 pp |
| Q2 2013 | 2013-06-30 | 31.02% | −0.14 pp |
| Q1 2013 | 2013-03-31 | 29.51% | −0.50 pp |
| Q4 2012 | 2012-12-31 | 31.61% | +0.54 pp |
| Q3 2012 | 2012-09-30 | 31.98% | −1.44 pp |
| Q2 2012 | 2012-06-30 | 31.16% | −0.54 pp |
| Q1 2012 | 2012-03-31 | 30.01% | +0.13 pp |
| Q4 2011 | 2011-12-31 | 31.07% | +1.19 pp |
| Q3 2011 | 2011-09-30 | 33.42% | +0.16 pp |
| Q2 2011 | 2011-06-30 | 31.70% | +0.66 pp |
| Q1 2011 | 2011-03-31 | 29.88% | +0.04 pp |
| Q4 2010 | 2010-12-31 | 29.89% | −0.69 pp |
| Q3 2010 | 2010-09-30 | 33.25% | +1.29 pp |
| Q2 2010 | 2010-06-30 | 31.04% | +1.26 pp |
| Q1 2010 | 2010-03-31 | 29.84% | +2.26 pp |
| Q4 2009 | 2009-12-31 | 30.57% | +1.48 pp |
| Q3 2009 | 2009-09-30 | 31.96% | +4.74 pp |
| Q2 2009 | 2009-06-30 | 29.78% | — |
| Q1 2009 | 2009-03-31 | 27.58% | — |
| Q3 2008 | 2008-09-30 | 29.10% | — |
| Q2 2008 | 2008-06-30 | 27.23% | — |
Mcdonalds operating margin trends
Over the last five reported fiscal years, Mcdonalds's operating margin increased from 38.13% to 46.10%, a change of +7.97 percentage points. The latest reported quarter, Q2 2026, shows 47.02%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Mcdonalds filings at SEC.gov ↗