MCD McDonald`s margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 55

Gross margin

59.9%

Operating margin

46.9%

EBITDA margin

55.2%

Net margin

32.4%

Current McDonald`s reports a gross margin of 59.9%, an operating margin of 46.9%, an EBITDA margin of 55.2%, and a net margin of 32.4%. Operating margin headed the improvement across the available margins, gaining by 0.8 percentage points.

MCD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, McDonald`s's margins averaged 58.73% gross, 45.81% operating, 54.35% EBITDA, and 32.16% net. All four current margins are above their three-year averages.

MCD margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 0.8 percentage points.

Gross margin expansion

0.5pp

Operating margin expansion

0.8pp

EBITDA margin expansion

0.4pp

Net margin expansion

0.4pp

MCD Gross margin

Over the last 3 years, McDonald`s's gross margin averaged 58.73%. The current gross margin of 59.9% is 1.2 percentage points above its three-year average. During this period, gross margin reached a high of 59.9% in Sep 2026 and a low of 57.7% in Sep 2024.

MCD Operating margin

Over the last 3 years, McDonald`s's operating margin averaged 45.81%. At present, McDonald`s's current operating margin is 46.9%, which is 1.1 percentage points above its three-year average. During this period, operating margin reached a high of 46.9% in Sep 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 54.35%. At present, the current EBITDA margin for McDonald`s is 55.2%, 0.9 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 55.2% in Sep 2026.

MCD Net margin

Across the last 3 years, McDonald`s recorded an average net margin of 32.16%. McDonald`s currently reports a net margin of 32.4%, 0.2 percentage points above 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 59.9% 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 65% higher.

MCD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is McDonald`s's gross margin?

For the period ending Sep 30, 2026, MCD recorded a gross margin of 59.9%.

What is McDonald`s's operating margin?

The current operating margin for MCD is 46.9% as of Sep 30, 2026.

What is McDonald`s's EBITDA margin?

For the period ending Sep 30, 2026, MCD recorded an EBITDA margin of 55.2%.

What is McDonald`s's net margin?

For the period ending Sep 30, 2026, MCD recorded a net margin of 32.4%.

What are the average margins of MCD?

Looking back over 3 years, MCD recorded average margins of 58.7% gross, 45.8% operating, 54.4% EBITDA, and 32.2% net.

What are the highest historical margins of MCD?

Within the 5-year period, MCD recorded its highest margins at 59.9% gross in Sep 2026, 46.9% operating in Sep 2026, 55.2% EBITDA in Sep 2026, 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 55.3% gross in Dec 2021, 39.5% operating in Sep 2022, 45.8% EBITDA in Jun 2022, and 25.4% net in Sep 2022.