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McDonald's Corporation (MCD) Profit Margins

Over the twelve months to 2026-06-30, McDonald's Corporation (MCD) had gross margin 57.9%, operating margin 46.2%, net margin 31.7%, free cash flow margin 26.7%, according to EquiReason's reading of its SEC filings.

Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason

MCDMcDonald's CorporationFollow MCD — free
Restaurants · Consumer Cyclical
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Price chart with a free account
Market cap
175.8B
P/E TTM
20.2
Dividend yield
3.0%
52-week
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Next earnings
4 Nov, in 11 days
LineFY2009
Dec 09		FY2010
Dec 10		FY2011
Dec 11		FY2012
Dec 12		FY2013
Dec 13		FY2014
Dec 14		FY2015
Dec 15		FY2016
Dec 16		FY2017
Dec 17		FY2018
Dec 18		FY2019
Dec 19		FY2020
Dec 20		FY2021
Dec 21		FY2022
Dec 22		FY2023
Dec 23		FY2024
Dec 24		FY2025
Dec 25		TTM
Jun 26		Trend
Gross margin——39.9%39.7%39.7%37.9%37.5%41.6%52.5%52.7%52.9%49.6%54.2%52.8%56.7%56.2%57.4%57.9%
Operating margin30.1%31.0%31.6%31.2%31.2%29.0%28.1%31.5%41.9%41.5%42.5%38.1%44.6%40.4%45.7%45.2%46.1%46.2%
Net margin20.0%20.5%20.4%19.8%19.9%17.3%17.8%19.0%22.8%27.9%28.2%24.6%32.5%26.6%33.2%31.7%31.9%31.7%
FCF margin16.7%17.5%16.4%14.2%15.3%15.1%18.6%17.2%16.2%19.9%26.8%23.7%29.0%20.2%26.7%23.2%25.4%26.7%

USD billions · SEC XBRL

McDonald's Corporation — questions

What is McDonald's Corporation's gross margin?
57.9% over the twelve months to 2026-06-30.
What is McDonald's Corporation's operating margin?
46.2% over the twelve months to 2026-06-30.
What is McDonald's Corporation's net profit margin?
31.7% over the twelve months to 2026-06-30.

Every figure on this page comes from McDonald's Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.

How these figures are read: methodology · EquiReason.