TTM
57.4%
YoY change
+0.66pp
Trough year (2004)
31.7%
Peak year (1992)
84.1%
Latest annual
57.4%
Gross Margin history chart for McDonald's (MCD) from 1985 to 2025
Latest: 57.4%
Gross Margin change chart for McDonald's (MCD) from 1985 to 2025
Latest: +0.66pp
Gross Margin history table for McDonald's (MCD) from 1985 to 2025
| 2025 | 57.4% | +0.66pp | ||
| 2024 | 56.8% | -0.37pp | ||
| 2023 | 57.1% | +0.15pp | ||
| 2022 | 57.0% | +2.80pp | ||
| 2021 | 54.2% | +3.40pp | ||
| 2020 | 50.8% | -1.56pp | ||
| 2019 | 52.3% | +1.37pp | ||
| 2018 | 51.0% | +4.42pp | ||
| 2017 | 46.5% | +5.10pp | ||
| 2016 | 41.4% | +2.93pp | ||
| 2015 | 38.5% | +0.42pp | ||
| 2014 | 38.1% | -0.69pp | ||
| 2013 | 38.8% | -0.44pp | ||
| 2012 | 39.2% | -0.33pp | ||
| 2011 | 39.6% | -0.46pp | ||
| 2010 | 40.0% | +1.38pp | ||
| 2009 | 38.7% | +1.93pp | ||
| 2008 | 36.7% | +2.04pp | ||
| 2007 | 34.7% | +1.52pp | ||
| 2006 | 33.2% | +0.86pp | ||
| 2005 | 32.3% | +0.56pp | ||
| 2004 | 31.7% | -18.47pp | ||
| 2003 | 50.2% | -0.00pp | ||
| 2002 | 50.2% | -0.33pp | ||
| 2001 | 50.6% | -1.48pp | ||
| 2000 | 52.0% | -8.81pp | ||
| 1999 | 60.8% | -0.21pp | ||
| 1998 | 61.0% | -21.61pp | ||
| 1997 | 82.7% | -0.47pp | ||
| 1996 | 83.1% | +20.11pp | ||
| 1995 | 63.0% | -1.02pp | ||
| 1994 | 64.0% | +0.28pp | ||
| 1993 | 63.8% | -20.35pp | ||
| 1992 | 84.1% | +0.73pp | ||
| 1991 | 83.4% | +1.30pp | ||
| 1990 | 82.1% | +40.40pp | ||
| 1989 | 41.7% | +0.75pp | ||
| 1988 | 40.9% | -0.46pp | ||
| 1987 | 41.4% | -14.98pp | ||
| 1986 | 56.4% | -3.46pp | ||
| 1985 | 59.8% | — |
- 202557.4%+0.66pp
- 202456.8%-0.37pp
- 202357.1%+0.15pp
- 202257.0%+2.80pp
- 202154.2%+3.40pp
- 202050.8%-1.56pp
- 201952.3%+1.37pp
- 201851.0%+4.42pp
- 201746.5%+5.10pp
- 201641.4%+2.93pp
- 201538.5%+0.42pp
- 201438.1%-0.69pp
- 201338.8%-0.44pp
- 201239.2%-0.33pp
- 201139.6%-0.46pp
- 201040.0%+1.38pp
- 200938.7%+1.93pp
- 200836.7%+2.04pp
- 200734.7%+1.52pp
- 200633.2%+0.86pp
- 200532.3%+0.56pp
- 200431.7%-18.47pp
- 200350.2%-0.00pp
- 200250.2%-0.33pp
- 200150.6%-1.48pp
- 200052.0%-8.81pp
- 199960.8%-0.21pp
- 199861.0%-21.61pp
- 199782.7%-0.47pp
- 199683.1%+20.11pp
- 199563.0%-1.02pp
- 199464.0%+0.28pp
- 199363.8%-20.35pp
- 199284.1%+0.73pp
- 199183.4%+1.30pp
- 199082.1%+40.40pp
- 198941.7%+0.75pp
- 198840.9%-0.46pp
- 198741.4%-14.98pp
- 198656.4%-3.46pp
- 198559.8%—
Gross Margin values are taken from McDonald's's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at McDonald's (MCD)
According to McDonald's's latest reported financial statements, the company's latest reported gross margin is 57.4%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, McDonald's (MCD) reported gross margin of 57.41% – expanded 0.7 percentage points year-over-year.
The record annual gross margin stands at 84.10%, reached in 1992; the historical low of 31.75% was recorded in 2004.
McDonald's Gross Margin by Year
McDonald's Gross Margin 2025: 57.4%
McDonald's gross margin in 2025 was 57.41%, expanded 0.7 percentage points from 2024.
McDonald's Gross Margin 2024: 56.8%
2024's gross margin for McDonald's came in at 56.75%, contracted 0.4 percentage points from 2023.
McDonald's Gross Margin 2023: 57.1%
McDonald's posted gross margin of 57.12% in 2023, expanded 0.2 percentage points from 2022.
McDonald's Gross Margin 2022: 57.0%
In 2022, McDonald's reported gross margin of 56.97%, expanded 2.8 percentage points from 2021.
McDonald's Gross Margin 2021: 54.2%
McDonald's gross margin in 2021 was 54.17%.
See more financial history for McDonald's (MCD).
Sector peers by Gross Margin
Consumer Cyclical peers of McDonald's (MCD), ranked by their latest gross margin
| 100.0% | |
| 56.0% | |
| 50.6% | |
| 39.8% | |
| 33.8% | |
| 33.1% | |
| 31.4% | |
| 19.1% |
- 100.0%
- 56.0%
- 50.6%
- 39.8%
- 33.1%
- 31.4%
- 19.1%
Frequently asked questions
McDonald's (MCD) Key Financials
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