McDonald's Corporation MCD
236.50
(0.52)
(0.22%)
as of 25 Sep
- Market cap
- $168.6B
- P/E
- 19.2×
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McDonald's Corporation (MCD) Operating margin
McDonald's Corporation's operating margin over the twelve months to 30 June 2026 was 46.2%, up 0.1 percentage points from fiscal 2025 (46.1%). Over the past ten years it has ranged from 28.1% (fiscal 2015) to 46.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Restaurants industry median of 4.30% and above the Consumer Cyclical sector median of 3.34%.
Operating margin, annual
Annual
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 46.1% | 0.90 |
| FY2024 | 45.2% | (0.50) |
| FY2023 | 45.7% | 5.26 |
| FY2022 | 40.4% | (4.16) |
| FY2021 | 44.6% | 6.46 |
| FY2020 | 38.1% | (4.32) |
| FY2019 | 42.5% | 0.95 |
| FY2018 | 41.5% | (0.36) |
| FY2017 | 41.9% | 10.41 |
| FY2016 | 31.5% | 3.33 |
Quarterly
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 47.0% | 1.71 |
| Mar 2026 | 45.3% | 0.29 |
| Dec 2025 | 45.0% | (2.41) |
| Sep 2025 | 47.4% | 0.20 |
| 42 more quarters | Free account |
Against its own ten years
Low 28.1%
High 46.1%
Ten-year median
41.9%
Current reading's percentile
100
Operating margin against peers
| Company | Operating margin |
|---|---|
| MCD McDonald's Corporation | 46.2% |
| YUM Yum! Brands, Inc. compare | 31.0% |
| QSR Restaurant Brands International Inc. compare | 26.9% |
| DPZ Domino's Pizza Inc compare | 19.5% |
| CMG Chipotle Mexican Grill, Inc. compare | 14.7% |
| DRI Darden Restaurants, Inc. compare | 12.0% |
| YUMC Yum China compare | 11.1% |
| SBUX Starbucks Corporation compare | 7.77% |
| TXRH Texas Roadhouse, Inc. compare | 7.75% |
| Restaurants industry median | 4.30% |
| Consumer Cyclical sector median | 3.34% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MCD
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement