McDonald's Corporation

MCD ·Consumer Cyclical, Restaurants, United States

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Profit Margins

Gross Margin Operating Margin Net Margin

Period	Gross Margin	Operating Margin	Net Margin
Mar 2009	—	27.6%	19.3%
Jun 2009	—	29.8%	19.4%
Sep 2009	—	32.0%	20.9%
Dec 2009	—	30.6%	20.4%
Mar 2010	—	29.8%	19.4%
Jun 2010	—	31.0%	20.6%
Sep 2010	—	33.3%	22.0%
Dec 2010	—	29.9%	20.0%
Mar 2011	—	29.9%	19.8%
Jun 2011	—	31.7%	20.4%
Sep 2011	—	33.4%	21.0%
Dec 2011	—	31.1%	20.2%
Mar 2012	—	30.0%	19.3%
Jun 2012	—	31.2%	19.5%
Sep 2012	—	32.0%	20.3%
Dec 2012	—	31.6%	20.1%
Mar 2013	—	29.5%	19.2%
Jun 2013	—	31.0%	19.7%
Sep 2013	—	33.0%	20.8%
Dec 2013	—	31.0%	19.7%
Mar 2014	—	28.9%	18.0%
Jun 2014	—	30.5%	19.3%
Sep 2014	—	29.7%	15.3%
Dec 2014	—	26.7%	16.7%
Mar 2015	—	23.3%	13.6%
Jun 2015	—	28.5%	18.5%
Sep 2015	—	30.7%	19.8%
Dec 2015	—	29.7%	19.0%
Mar 2016	—	30.2%	19.1%
Jun 2016	—	29.7%	17.4%
Sep 2016	—	33.3%	19.9%
Dec 2016	—	32.7%	19.8%
Mar 2017	—	35.8%	21.4%
Jun 2017	—	37.9%	23.1%
Sep 2017	—	53.5%	32.7%
Dec 2017	—	40.2%	13.1%
Mar 2018	—	41.7%	26.8%
Jun 2018	91.0%	42.3%	27.9%
Sep 2018	90.7%	45.0%	30.5%
Dec 2018	—	38.7%	27.4%
Mar 2019	89.4%	41.7%	26.4%
Jun 2019	89.9%	42.0%	28.0%
Sep 2019	89.8%	43.8%	29.2%
Dec 2019	—	42.9%	29.4%
Mar 2020	88.2%	35.9%	23.5%
Jun 2020	86.1%	25.6%	12.9%
Sep 2020	89.5%	46.6%	32.5%
Dec 2020	—	40.3%	25.9%
Mar 2021	88.8%	44.5%	30.0%
Jun 2021	90.2%	45.7%	37.7%
Sep 2021	90.4%	48.2%	34.7%
Dec 2021	—	39.9%	27.3%
Mar 2022	89.7%	40.8%	19.5%
Jun 2022	89.7%	29.9%	20.8%
Sep 2022	90.0%	47.1%	33.7%
Dec 2022	—	43.6%	32.1%
Mar 2023	89.9%	42.9%	30.6%
Jun 2023	90.5%	47.8%	35.5%
Sep 2023	90.7%	47.9%	34.6%
Dec 2023	—	43.8%	31.8%
Mar 2024	89.8%	44.4%	31.3%
Jun 2024	90.3%	45.0%	31.2%
Sep 2024	90.6%	46.4%	32.8%
Dec 2024	—	44.9%	31.6%
Mar 2025	89.6%	44.5%	31.4%
Jun 2025	90.4%	47.2%	32.9%
Sep 2025	90.6%	47.4%	32.2%
Dec 2025	—	45.0%	30.9%
Mar 2026	89.6%	45.3%	30.4%
Jun 2026	90.4%	47.0%	33.3%