What is the current annual operating margin of MCD?

As of today, MCD annual operating margin is 46.10%

What is 1-year change in MCD annual operating margin?

MCD annual operating margin is up +0.74% year-over-year

What is 3-year change in MCD annual operating margin?

MCD annual operating margin is up +3.22% over the past 3 years

How far is MCD annual operating margin from its all-time high?

MCD annual operating margin is currently at its all-time high

How does MCD annual operating margin rank versus sector peers?

MCD annual operating margin is higher than 99.82% of companies in Consumer Cyclical sector

When is MCD next annual earnings release?

As of today, the next annual earnings release for MCD has not been scheduled

What is the current quarterly operating margin of MCD?

As of today, MCD quarterly operating margin is 44.31%

What is MCD quarterly operating margin most recent change?

MCD quarterly operating margin was down -1.69% on March 31, 2026

What is 1-year change in MCD quarterly operating margin?

MCD quarterly operating margin is down -1.01% year-over-year

How far is MCD quarterly operating margin from its all-time high?

MCD quarterly operating margin is currently -7.18% below its historical high of 47.74% set on September 30, 2022

How does MCD quarterly operating margin rank versus sector peers?

MCD quarterly operating margin is higher than 99.60% of companies in Consumer Cyclical sector

When is MCD next earnings release?

The next earnings release for MCD is on August 4, 2026

MCD Operating Margin History & Chart Since 1980

Annual Operating Margin

46.10%0.34%+0.74%

December 31, 2025

Summary

Current Value: As of today, MCD annual operating margin is 46.10%, up +0.74% on December 31, 2025
Historical Performance: MCD annual operating margin is up +3.22% over the past 3 years, up +23.63% over the past 5 years
All-Time High Comparison: MCD annual operating margin is currently at its all-time high
3-Year Low Comparison: MCD annual operating margin is +3.22% above its 3-year low of 44.66% reached on an earlier date
Sector Comparison: MCD annual operating margin is higher than 99.82% of companies in Consumer Cyclical sector

Operating Margin Chart

beforeafter

Performance

MCD Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	46.10%	+0.7%	+3.2%	+23.6%	+52.4%
Quarterly Operating Margin	Mar 31, 26	44.31%	-1.0%	-2.4%	+9.1%	+52.3%
Price	Jul 31, 26	$270.64	-9.8%	-7.7%	+11.5%	+212.9%
PE Ratio	Jul 31, 26	22.31	-13.2%	-17.3%	-15.6%	+27.7%
Annual Revenue	Dec 31, 25	$26.89B	+3.7%	+16.0%	+40.0%	+11.7%
Annual Operating Profit	Dec 31, 25	$12.40B	+4.5%	+19.7%	+73.1%	+70.1%
Annual Gross Margin	Dec 31, 25	55.71%	-1.1%	-1.3%	+10.1%	+39.2%
Annual Net Margin	Dec 31, 25	31.85%	+0.4%	+19.5%	+29.3%	+55.0%

Operating Margin Highs

MCD Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	46.10%	Dec 31, 25	at high
5Y	46.10%	Dec 31, 25	at high
All	46.10%	Dec 31, 25	at high

Operating Margin Lows

MCD Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	44.66%	N/A	+3.2%
5Y	37.29%	N/A	+23.6%
All	18.36%	Dec 31, 02	+151.1%

Operating Margin History

Year	Value	Change
2025	46.10%	+0.7%
2024	45.76%	-0.5%
2023	45.97%	+2.9%
2022	44.66%	+6.1%
2021	42.09%	+12.9%
2020	37.29%	-10.3%
2019	41.56%	+1.8%
2018	40.84%	+11.1%
2017	36.76%	+15.7%
2016	31.76%	+9.7%
2015	28.94%	-0.0%
2014	28.95%	-4.2%
2013	30.23%	-0.5%
2012	30.39%	-0.6%
2011	30.57%	+1.0%
2010	30.26%	+5.0%
2009	28.82%	+7.9%
2008	26.71%	+9.9%
2007	24.30%	+9.5%
2006	22.19%	+8.1%
2005	20.52%	+5.0%
2004	19.54%	+6.4%
2003	18.37%	+0.1%

Year	Value	Change
2002	18.36%	-4.5%
2001	19.22%	-12.3%
2000	21.91%	-8.6%
1999	23.96%	-1.0%
1998	24.19%	+2.4%
1997	23.62%	-2.4%
1996	24.21%	-5.0%
1995	25.48%	-1.7%
1994	25.93%	-0.0%
1993	25.94%	+2.9%
1992	25.20%	+2.2%
1991	24.65%	+4.0%
1990	23.70%	-0.2%
1989	23.75%	+3.0%
1988	23.06%	-2.9%
1987	23.74%	-1.4%
1986	24.08%	-1.9%
1985	24.54%	+1.0%
1984	24.29%	+1.0%
1983	24.05%	+4.0%
1982	23.12%	+1.5%
1981	22.77%	+2.2%
1980	22.27%	-

FAQ

What is the current annual operating margin of MCD?: As of today, MCD annual operating margin is 46.10%
What is 1-year change in MCD annual operating margin?: MCD annual operating margin is up +0.74% year-over-year
What is 3-year change in MCD annual operating margin?: MCD annual operating margin is up +3.22% over the past 3 years
How far is MCD annual operating margin from its all-time high?: MCD annual operating margin is currently at its all-time high
How does MCD annual operating margin rank versus sector peers?: MCD annual operating margin is higher than 99.82% of companies in Consumer Cyclical sector
When is MCD next annual earnings release?: As of today, the next annual earnings release for MCD has not been scheduled

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

44.31%0.76%-1.69%

March 31, 2026

Summary

Current Value: As of today, MCD quarterly operating margin is 44.31%, down -1.69% on March 31, 2026
Historical Performance: MCD quarterly operating margin is down -1.01% year-over-year, down -2.36% over the past 3 years
All-Time High Comparison: MCD quarterly operating margin is currently -7.18% below its historical high of 47.74% set on September 30, 2022
3-Year Low Comparison: MCD quarterly operating margin is +1.00% above its 3-year low of 43.87% reached on December 31, 2023
Sector Comparison: MCD quarterly operating margin is higher than 99.60% of companies in Consumer Cyclical sector

Performance

MCD Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Mar 31, 26	44.31%	-1.7%	-1.0%	-2.4%	+9.1%
Annual Operating Margin	Dec 31, 25	46.10%	–	+0.7%	+3.2%	+23.6%
Price	Jul 31, 26	$270.64	-7.8%	-9.8%	-7.7%	+11.5%
PE Ratio	Jul 31, 26	22.31	-7.8%	-13.2%	-17.3%	-15.6%
Quarterly Revenue	Mar 31, 26	$6.52B	-7.0%	+9.4%	+10.5%	+27.2%
Quarterly Operating Profit	Mar 31, 26	$2.89B	-8.6%	+8.3%	+7.9%	+38.8%
Quarterly Gross Margin	Mar 31, 26	56.74%	+1.7%	+0.3%	+2.1%	+9.3%
Quarterly Net Margin	Mar 31, 26	30.43%	-1.4%	-3.0%	-0.4%	+1.4%

Quarterly Operating Margin Highs

MCD Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	47.57%	N/A	-6.8%
3Y	47.57%	Jun 30, 25	-6.8%
5Y	47.74%	Sep 30, 22	-7.2%
All	47.74%	Sep 30, 22	-7.2%

Quarterly Operating Margin Lows

MCD Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	44.31%	Mar 31, 26	at low
3Y	43.87%	Dec 31, 23	+1.0%
5Y	39.51%	Dec 31, 21	+12.2%
All	-224.65%	Dec 31, 86	+119.7%

Quarterly Operating Margin History

Month	Value	Change
Mar 2026	44.31%	-1.7%
Dec 2025	45.07%	-3.8%
Sep 2025	46.83%	-1.6%
Jun 2025	47.57%	+6.3%
Mar 2025	44.76%	-0.9%
Dec 2024	45.16%	-3.1%
Sep 2024	46.60%	-0.7%
Jun 2024	46.92%	+6.9%
Mar 2024	43.91%	+0.1%
Dec 2023	43.87%	-6.7%
Sep 2023	47.04%	-0.9%
Jun 2023	47.46%	+4.6%
Mar 2023	45.38%	+5.2%
Dec 2022	43.13%	-9.7%
Sep 2022	47.74%	+5.0%
Jun 2022	45.46%	+7.5%
Mar 2022	42.27%	+7.0%
Dec 2021	39.51%	-11.8%
Sep 2021	44.78%	+3.8%
Jun 2021	43.15%	+6.2%
Mar 2021	40.62%	+8.8%
Dec 2020	37.35%	-12.9%
Sep 2020	42.88%	+55.8%
Jun 2020	27.53%	-28.6%
Mar 2020	38.57%	-5.4%
Dec 2019	40.76%	-5.5%
Sep 2019	43.15%	+1.1%
Jun 2019	42.69%	+6.3%
Mar 2019	40.15%	-0.7%
Dec 2018	40.42%	-5.9%
Sep 2018	42.96%	+4.7%
Jun 2018	41.04%	+5.7%
Mar 2018	38.81%	+1.2%
Dec 2017	38.35%	-1.9%
Sep 2017	39.11%	+8.4%
Jun 2017	36.08%	+7.3%
Mar 2017	33.62%	+5.0%
Dec 2016	32.02%	-5.0%
Sep 2016	33.69%	+6.1%
Jun 2016	31.76%	+8.0%
Mar 2016	29.40%	+1.8%
Dec 2015	28.88%	-4.8%
Sep 2015	30.34%	+3.9%
Jun 2015	29.21%	+7.5%
Mar 2015	27.16%	-1.5%
Dec 2014	27.56%	-8.5%
Sep 2014	30.13%	+0.4%
Jun 2014	30.01%	+6.1%
Mar 2014	28.29%	-5.1%
Dec 2013	29.82%	-7.3%
Sep 2013	32.17%	+5.6%
Jun 2013	30.47%	+6.6%
Mar 2013	28.58%	-5.8%
Dec 2012	30.33%	-2.6%
Sep 2012	31.15%	+2.0%
Jun 2012	30.55%	+3.7%
Mar 2012	29.45%	-1.1%
Dec 2011	29.79%	-8.0%
Sep 2011	32.38%	+5.2%
Jun 2011	30.78%	+5.8%
Mar 2011	29.09%	+0.1%
Dec 2010	29.06%	-10.2%
Sep 2010	32.36%	+5.0%
Jun 2010	30.81%	+7.5%
Mar 2010	28.66%	+0.8%
Dec 2009	28.42%	-7.5%
Sep 2009	30.74%	+6.3%
Jun 2009	28.93%	+7.0%
Mar 2009	27.04%	+3.5%
Dec 2008	26.12%	-8.1%
Sep 2008	28.42%	+6.2%
Jun 2008	26.77%	+5.6%
Mar 2008	25.34%	+4.2%
Dec 2007	24.33%	-7.5%
Sep 2007	26.30%	+12.7%
Jun 2007	23.34%	+8.7%
Mar 2007	21.48%	+2.1%

Month	Value	Change
Dec 2006	21.03%	-12.3%
Sep 2006	23.99%	+17.3%
Jun 2006	20.46%	+1.0%
Mar 2006	20.26%	-21.5%
Dec 2005	25.82%	+25.1%
Sep 2005	20.64%	+5.6%
Jun 2005	19.55%	+8.7%
Mar 2005	17.99%	+4.5%
Dec 2004	17.22%	-22.8%
Sep 2004	22.31%	+9.2%
Jun 2004	20.43%	+4.7%
Mar 2004	19.51%	+14.6%
Dec 2003	17.02%	-19.5%
Sep 2003	21.14%	+11.6%
Jun 2003	18.95%	+9.7%
Mar 2003	17.27%	+11.0%
Dec 2002	15.56%	-19.0%
Sep 2002	19.21%	-7.2%
Jun 2002	20.70%	+9.9%
Mar 2002	18.84%	-19.9%
Dec 2001	23.53%	+45.1%
Sep 2001	16.22%	-22.2%
Jun 2001	20.84%	+9.6%
Mar 2001	19.02%	-11.8%
Dec 2000	21.56%	-7.9%
Sep 2000	23.42%	-1.1%
Jun 2000	23.67%	+8.9%
Mar 2000	21.73%	-13.1%
Dec 1999	25.02%	+0.8%
Sep 1999	24.82%	+1.7%
Jun 1999	24.40%	+4.1%
Mar 1999	23.45%	+2.3%
Dec 1998	22.93%	-10.1%
Sep 1998	25.51%	+0.6%
Jun 1998	25.36%	+10.7%
Mar 1998	22.91%	+0.7%
Dec 1997	22.76%	-5.0%
Sep 1997	23.97%	-2.2%
Jun 1997	24.51%	+5.5%
Mar 1997	23.24%	+0.6%
Dec 1996	23.10%	-8.7%
Sep 1996	25.29%	-0.2%
Jun 1996	25.33%	+10.0%
Mar 1996	23.02%	-5.5%
Dec 1995	24.37%	-8.4%
Sep 1995	26.60%	+1.8%
Jun 1995	26.13%	+5.7%
Mar 1995	24.73%	-2.4%
Dec 1994	25.34%	-6.8%
Sep 1994	27.20%	+2.6%
Jun 1994	26.52%	+8.6%
Mar 1994	24.43%	-3.7%
Dec 1993	25.37%	-8.1%
Sep 1993	27.62%	+3.3%
Jun 1993	26.74%	+12.6%
Mar 1993	23.74%	-4.5%
Dec 1992	24.85%	-7.3%
Sep 1992	26.82%	+6.2%
Jun 1992	25.25%	+6.9%
Mar 1992	23.62%	+0.8%
Dec 1991	23.44%	-7.5%
Sep 1991	25.35%	+8.2%
Jun 1991	23.42%	+11.4%
Mar 1991	21.03%	+28.0%
Dec 1990	16.43%	-36.9%
Sep 1990	26.05%	+3.7%
Jun 1990	25.12%	+13.5%
Mar 1990	22.13%	-0.2%
Dec 1989	22.17%	-14.3%
Sep 1989	25.87%	+3.6%
Jun 1989	24.97%	+112.8%
Dec 1988	-195.09%	-0.1%
Dec 1987	-194.81%	+13.3%
Dec 1986	-224.65%	-7.1%
Dec 1985	-209.84%	-26.2%
Dec 1984	-166.31%	-

FAQ

What is the current quarterly operating margin of MCD?: As of today, MCD quarterly operating margin is 44.31%
What is MCD quarterly operating margin most recent change?: MCD quarterly operating margin was down -1.69% on March 31, 2026
What is 1-year change in MCD quarterly operating margin?: MCD quarterly operating margin is down -1.01% year-over-year
How far is MCD quarterly operating margin from its all-time high?: MCD quarterly operating margin is currently -7.18% below its historical high of 47.74% set on September 30, 2022
How does MCD quarterly operating margin rank versus sector peers?: MCD quarterly operating margin is higher than 99.60% of companies in Consumer Cyclical sector
When is MCD next earnings release?: The next earnings release for MCD is on August 4, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

MCD Official Website www.mcdonalds.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/63908/000006390826000032/0000063908-26-000032-index.htm
MCD Profile on Yahoo Finance finance.yahoo.com/quote/MCD
MCD Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/mcd