Filing Flows › Chipotle Mexican Grill (CMG) › Operating margin
Chipotle Mexican Grill (CMG) operating margin by quarter
Chipotle Mexican Grill's operating margin was 13.7% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026. Over the last 7 quarters it ranged from 12.9% (Q1 2026) to 18.2% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 13.7% | -2.0 pts | -2.2 pts |
| Q2 2026 | 15.7% | +2.8 pts | -2.6 pts |
| Q1 2026 | 12.9% | -1.2 pts | -3.8 pts |
| Q4 2025 | 14.1% | -1.8 pts | — |
| Q3 2025 | 15.9% | -2.4 pts | — |
| Q2 2025 | 18.2% | +1.6 pts | — |
| Q1 2025 | 16.7% | — | — |
Q3 2026 at a glance
Chipotle Mexican Grill, Q3 2026: revenue $3.3B (+10% year over year), operating margin 13.7%, net earnings $340M, operating cash flow $590M. The chart follows the revenue to costs, profit and cash.
Questions
What is Chipotle Mexican Grill's operating margin?
Chipotle Mexican Grill's operating margin was 13.7% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026.
How has Chipotle Mexican Grill's operating margin changed?
Over the last 7 quarters it ranged from 12.9% (Q1 2026) to 18.2% (Q2 2025).
Q3 2026 results → · How Chipotle Mexican Grill makes money →