Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 44.25% is in line with its 5-year average of 44.34%, near the high end of its 5-year range (29.93%–48.16%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.13% below its 12-month average of 45.68%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
44.25%
OPERATING MARGIN AVG TTM
45.68%
OPERATING MARGIN AVG 3Y
45.49%
OPERATING MARGIN AVG 5Y
45.06%
OPERATING MARGIN AVG 10Y
42.83%
OPERATING MARGIN AVG 15Y
37.93%
OPERATING MARGIN AVG 20Y
35.29%
CURRENT VS TTM AVG
-3.13%
CURRENT VS 3Y AVG
-2.72%
CURRENT VS 5Y AVG
-1.78%
CURRENT VS 10Y AVG
+3.32%
CURRENT VS 15Y AVG
+16.66%
CURRENT VS 20Y AVG
+25.40%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.61%
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+317.09%
vs the sector median at left
McDonald's Corporation
Market Cap
$192.29B
Operating Margin
44.25%
TTM Avg
45.68%
3Y Avg
45.49%
5Y Avg
45.06%
Market Cap
$173.81B
Operating Margin
12.39%
TTM Avg
11.54%
3Y Avg
10.87%
5Y Avg
9.18%
Market Cap
$149.47B
Operating Margin
34.28%
TTM Avg
33.16%
3Y Avg
30.87%
5Y Avg
22.83%
Market Cap
$126.06B
Operating Margin
22.17%
TTM Avg
24.55%
3Y Avg
24.02%
5Y Avg
14.61%
Market Cap
$119.98B
Operating Margin
9.43%
TTM Avg
12.29%
3Y Avg
13.81%
5Y Avg
13.10%
Market Cap
$116.57B
Operating Margin
11.55%
TTM Avg
11.93%
3Y Avg
12.56%
5Y Avg
12.52%
Market Cap
$108.29B
Operating Margin
3.87%
TTM Avg
4.67%
3Y Avg
5.19%
5Y Avg
4.57%
Market Cap
$98.31B
Operating Margin
16.02%
TTM Avg
15.41%
3Y Avg
15.95%
5Y Avg
12.87%
Market Cap
$95.21B
Operating Margin
9.59%
TTM Avg
11.87%
3Y Avg
12.07%
5Y Avg
9.62%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| McDonald's Corporation (MCD) | $192.29B | 44.25% | 45.68% | 45.49% | 45.06% |
| The TJX Companies, Inc. (TJX)vs › | $173.81B | 12.39% | 11.54% | 10.87% | 9.18% |
| Booking Holdings Inc. (BKNG)vs › | $149.47B | 34.28% | 33.16% | 30.87% | 22.83% |
| PDD Holdings Inc. (PDD)vs › | $126.06B | 22.17% | 24.55% | 24.02% | 14.61% |
| Starbucks Corporation (SBUX)vs › | $119.98B | 9.43% | 12.29% | 13.81% | 13.10% |
| Lowe's Companies, Inc. (LOW)vs › | $116.57B | 11.55% | 11.93% | 12.56% | 12.52% |
| BYD Company Limited (BYDDY)vs › | $108.29B | 3.87% | 4.67% | 5.19% | 4.57% |
| Marriott International, Inc. (MAR)vs › | $98.31B | 16.02% | 15.41% | 15.95% | 12.87% |
| MercadoLibre, Inc. (MELI)vs › | $95.21B | 9.59% | 11.87% | 12.07% | 9.62% |
| Alibaba Group Holding Limited (BABA)vs › | $293.02B | 5.78% | 9.98% | 10.89% | 10.70% |
Gross Margin
57.4%
Operating Margin
44.3%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 44.25% |
| 2025-12-31 | 45.03% |
| 2025-09-30 | 47.43% |
| 2025-06-30 | 47.23% |
| 2025-03-31 | 44.47% |
| 2024-12-31 | 44.90% |
| 2024-09-30 | 46.38% |
| 2024-06-30 | 44.99% |
| 2024-03-31 | 44.35% |
| 2023-12-31 | 43.74% |
| 2023-09-30 | 47.94% |
| 2023-06-30 | 47.78% |
| 2023-03-31 | 42.93% |
| 2022-12-31 | 43.58% |
| 2022-09-30 | 47.07% |
| 2022-06-30 | 29.93% |
| 2022-03-31 | 40.82% |
| 2021-12-31 | 39.89% |
| 2021-09-30 | 48.16% |
| 2021-06-30 | 45.71% |
| 2021-03-31 | 44.52% |
| 2020-12-31 | 40.33% |
| 2020-09-30 | 46.63% |
| 2020-06-30 | 25.55% |
| 2020-03-31 | 35.92% |
| 2019-12-31 | 42.86% |
| 2019-09-30 | 43.79% |
| 2019-06-30 | 42.03% |
| 2019-03-31 | 41.68% |
| 2018-12-31 | 38.73% |
| 2018-09-30 | 45.03% |
| 2018-06-30 | 42.26% |
| 2018-03-31 | 41.70% |
| 2017-12-31 | 40.15% |
| 2017-09-30 | 53.51% |
| 2017-06-30 | 37.94% |
| 2017-03-31 | 35.84% |
| 2016-12-31 | 32.66% |
| 2016-09-30 | 33.27% |
| 2016-06-30 | 29.66% |
| 2016-03-31 | 30.15% |
| 2015-12-31 | 29.65% |
| 2015-09-30 | 30.69% |
| 2015-06-30 | 28.46% |
| 2015-03-31 | 23.25% |
| 2014-12-31 | 26.65% |
| 2014-09-30 | 29.66% |
| 2014-06-30 | 30.48% |
| 2014-03-31 | 28.89% |
| 2013-12-31 | 31.02% |
| 2013-09-30 | 33.00% |
| 2013-06-30 | 31.02% |
| 2013-03-31 | 29.51% |
| 2012-12-31 | 31.61% |
| 2012-09-30 | 31.98% |
| 2012-06-30 | 31.16% |
| 2012-03-31 | 30.01% |
| 2011-12-31 | 31.07% |
| 2011-09-30 | 33.42% |
| 2011-06-30 | 31.70% |
| 2011-03-31 | 29.88% |
| 2010-12-31 | 29.89% |
| 2010-09-30 | 33.25% |
| 2010-06-30 | 31.04% |
| 2010-03-31 | 29.84% |
| 2009-12-31 | 30.57% |
| 2009-09-30 | 31.96% |
| 2009-06-30 | 29.78% |
| 2009-03-31 | 27.58% |
| 2008-12-31 | 26.99% |
| 2008-09-30 | 29.10% |
| 2008-06-30 | 27.23% |
| 2008-03-31 | 26.05% |
| 2007-12-31 | 23.54% |
| 2007-09-30 | 25.84% |
| 2007-06-30 | -3.11% |
| 2007-03-31 | 22.32% |
| 2006-12-31 | 21.44% |
| 2006-09-30 | 23.41% |
| 2006-06-30 | 20.93% |
| 2006-03-31 | 18.55% |
| 2005-12-31 | 17.87% |
| 2005-09-30 | 21.77% |
| 2005-06-30 | 19.95% |
| 2005-03-31 | 18.94% |
| 2004-12-31 | 12.32% |
| 2004-09-30 | 22.31% |
| 2004-06-30 | 20.43% |
| 2004-03-31 | 19.51% |
| 2003-12-31 | 8.07% |
| 2003-09-30 | 21.40% |
| 2003-06-30 | 19.30% |
| 2003-03-31 | 17.75% |
| 2002-12-31 | -5.22% |
| 2002-09-30 | 20.50% |
| 2002-06-30 | 21.88% |
