SuperworthMcDonald's profit margin MCD
Gross, operating and net profit as a share of revenue over the last twelve months, from 1995.
- Net margin, 12 months
- 31.7%
- Operating margin, 12 months
- 46.2%
- Net margin on a year earlier
- −0.5 pts
- Peer median
- 11.4%
Over the twelve months to Jun 30, 2026, McDonald's kept 31.7% of its revenue as net profit, with an operating margin of 46.2% and a gross margin of 57.4%.
Five years earlier its net margin was 31.7%.
The median for 5 restaurant stocks of a similar size is 11.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 31.8% | 46.1% | 57.4% |
| FY2024 | 31.7% | 45.2% | 56.8% |
| FY2023 | 33.2% | 45.7% | 57.1% |
| FY2022 | 26.6% | 40.4% | 57.0% |
| FY2021 | 32.5% | 44.6% | n/a |
| FY2020 | 24.6% | 38.1% | n/a |
| FY2019 | 28.3% | 42.6% | n/a |
| FY2018 | 28.2% | 42.0% | n/a |
| FY2017 | 22.8% | 41.9% | n/a |
| FY2016 | 19.0% | 31.5% | n/a |
| FY2015 | 17.8% | 28.1% | n/a |
| FY2014 | 17.3% | 29.0% | n/a |
| FY2013 | 19.9% | 31.2% | n/a |
| FY2012 | 19.8% | 31.2% | n/a |
| FY2011 | 20.4% | 31.6% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 31.7% | −0.5 pts | 46.2% | |
| Q1 FY26 | 31.6% | −0.1 pts | 46.3% | |
| Q4 FY25 | 31.8% | +0.1 pts | 46.1% | |
| Q3 FY25 | 32.0% | +0.3 pts | 46.1% | |
| Q2 FY25 | 32.2% | −0.0 pts | 45.8% | |
| Q1 FY25 | 31.8% | −1.6 pts | 45.2% | |
| Q4 FY24 | 31.7% | −1.5 pts | 45.2% | |
| Q3 FY24 | 31.8% | −1.5 pts | 44.9% | |
| Q2 FY24 | 32.3% | −0.8 pts | 45.3% | |
| Q1 FY24 | 33.4% | +4.0 pts | 46.0% | |
| Q4 FY23 | 33.2% | +6.6 pts | 45.7% | |
| Q3 FY23 | 33.3% | +7.9 pts | 45.7% |
Against its peers
Companies in Restaurants nearest McDonald's' size, closest first, today.
| Company | Profit margin |
|---|---|
| MCDMcDonald's | 31.7% |
| SBUXStarbucks | 5.2% |
| YUMYum! Brands | 25.4% |
| CMGChipotle Mexican Grill | 11.4% |
| QSRRestaurant Brands International | 13.1% |
| DRIDarden Restaurants | 8.8% |
| Peer median | 11.4% |
Where McDonald's ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on McDonald's
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.