McDonald's Total Operating Expenses increased by 3.5% to $3.85B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.4%, from $3.52B to $3.85B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 3.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
is_total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.20B | $3.21B | $3.61B | $3.35B | $4.01B | $3.11B | $3.34B | $3.37B | $3.39B | $3.48B | $3.60B | $3.43B | $3.57B | $3.69B | $3.52B | $3.31B | $3.61B | $3.72B | $3.85B |
| QoQ Change | — | +0.6% | +12.4% | -7.2% | +19.5% | -22.4% | +7.6% | +0.6% | +0.8% | +2.7% | +3.5% | -4.8% | +4.0% | +3.2% | -4.5% | -6.0% | +9.2% | +3.0% | +3.5% |
| YoY Change | — | — | — | — | +25.3% | -3.3% | -7.4% | +0.4% | -15.3% | +12.1% | +7.8% | +2.0% | +5.2% | +5.8% | -2.3% | -3.6% | +1.1% | +1.0% | +9.4% |
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