Filing Flows › McDonald's (MCD) › Operating margin
McDonald's (MCD) operating margin by quarter
McDonald's operating margin was 50.2% in Q3 2026 (third quarter 2026), +3.2 pts from Q2 2026. Over the last 7 quarters it ranged from 44.5% (Q1 2025) to 50.2% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 50.2% | +3.2 pts | +2.8 pts |
| Q2 2026 | 47.0% | +1.7 pts | -0.2 pts |
| Q1 2026 | 45.3% | +0.3 pts | +0.9 pts |
| Q4 2025 | 45.0% | -2.4 pts | — |
| Q3 2025 | 47.4% | +0.2 pts | — |
| Q2 2025 | 47.2% | +2.8 pts | — |
| Q1 2025 | 44.5% | — | — |
Q3 2026 at a glance
McDonald's, Q3 2026: revenue $7.2B (+1% year over year), operating margin 50.2%, net earnings $2.5B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is McDonald's operating margin?
McDonald's operating margin was 50.2% in Q3 2026 (third quarter 2026), +3.2 pts from Q2 2026.
How has McDonald's operating margin changed?
Over the last 7 quarters it ranged from 44.5% (Q1 2025) to 50.2% (Q3 2026).