MCD McDonald`s margins

Relative Growth: Rel. Growth: 66

Relative Strength: Rel. Strength: 22

Relative Valuation: Rel. Valuation: 44

Relative Profitability: Rel. Profitability: 56

Gross margin

59.6%

Operating margin

46.2%

EBITDA margin

54.4%

Net margin

31.7%

Current McDonald`s reports a gross margin of 59.6%, an operating margin of 46.2%, an EBITDA margin of 54.4%, and a net margin of 31.7%. Of the available margins, gross margin increased the most and net margin fell the most, by 0.7 and 0.5 percentage points respectively.

MCD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, McDonald`s's margins averaged 58.59% gross, 45.71% operating, 54.28% EBITDA, and 32.23% net. For McDonald`s, gross, operating, and EBITDA margins are above their three-year averages, while net margin is below its three-year average.

MCD margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.7 percentage points and operating margin by 0.4 percentage points, but EBITDA margin contracted by 0.3 percentage points and net margin by 0.5 percentage points.

Gross margin expansion

0.7pp

Operating margin expansion

0.4pp

EBITDA margin expansion

-0.3pp

Net margin expansion

-0.5pp

MCD Gross margin

Over the last 3 years, McDonald`s's gross margin averaged 58.59%. The current gross margin of 59.6% is 1 percentage points above its three-year average. During this period, gross margin reached a high of 59.6% in Jun 2026 and a low of 57.7% in Sep 2024.

MCD Operating margin

Over the last 3 years, McDonald`s's operating margin averaged 45.71%. At present, McDonald`s's current operating margin is 46.2%, which is 0.5 percentage points above its three-year average. During this period, operating margin reached a high of 46.3% in Mar 2026 and a low of 44.9% in Sep 2024.

MCD EBITDA margin

Over the last 3 years, the average EBITDA margin for McDonald`s was 54.28%. At present, the current EBITDA margin for McDonald`s is 54.4%, 0.1 percentage points above its three-year average. McDonald`s's EBITDA margin ranged from a low of 53.4% in Sep 2024 to a high of 54.8% in Sep 2025.

MCD Net margin

Across the last 3 years, McDonald`s recorded an average net margin of 32.23%. McDonald`s currently reports a net margin of 31.7%, 0.5 percentage points below its three-year average. The highest net margin for McDonald`s was 33.4% in Mar 2024, while the lowest was 31.6% in Mar 2026.

MCD margin group comparison

Margins compared with peer-group, industry and sector averages

McDonald`s's gross margin of 59.6% is higher than the Consumer Cyclical sector, the industry and its peers average. Looking at the Consumer Cyclical sector average of 36.3%, McDonald`s's gross margin is 64% higher.

MCD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is McDonald`s's gross margin?

For the period ending Jun 30, 2026, MCD recorded a gross margin of 59.6%.

What is McDonald`s's operating margin?

The current operating margin for MCD is 46.2% as of Jun 30, 2026.

What is McDonald`s's EBITDA margin?

For the period ending Jun 30, 2026, MCD recorded an EBITDA margin of 54.4%.

What is McDonald`s's net margin?

For the period ending Jun 30, 2026, MCD recorded a net margin of 31.7%.

What are the average margins of MCD?

Looking back over 3 years, MCD recorded average margins of 58.6% gross, 45.7% operating, 54.3% EBITDA, and 32.2% net.

What are the highest historical margins of MCD?

Within the 5-year period, MCD recorded its highest margins at 59.6% gross in Jun 2026, 46.3% operating in Mar 2026, 54.8% EBITDA in Sep 2025, and 33.4% net in Mar 2024.

What are the lowest historical margins of MCD?

Over the last 5 years, McDonald`s's lowest margins were 54.9% gross in Sep 2021, 39.5% operating in Sep 2022, 45.8% EBITDA in Jun 2022, and 25.4% net in Sep 2022.