Chipotle Mexican Grill, Inc. (CMG) income statement
NYSE · Consumer Cyclical · Restaurants · 130,301 employees · CEO Scott Boatwright
- Price
- $31.89 +1.95%
- Market cap
- $40.3B
- Enterprise value
- $45.3B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-02 EPS est. $0.25
Chipotle Mexican Grill, Inc. (CMG) reported revenue of $3.29B for Q3 '26 (+9.6% year on year), operating income of $452M (13.7% of revenue) and net income of $340M. Over the last four quarters revenue was $12.7B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.7B | $2.97B | $2.79B | $2.85B | $2.88B | $3.06B | $3B | $2.98B | $3.09B | $3.35B | $3.29B | |
| Cost of revenue | $1.88B | $1.96B | $2.11B | $2.08B | $2.14B | $2.12B | $2.23B | $2.27B | $2.28B | $2.37B | $2.5B | $2.53B | |
| Gross profit | $638M | $742M | $859M | $712M | $704M | $754M | $838M | $736M | $699M | $719M | $845M | $768M | |
| General & administrative | $169M | $205M | $175M | $127M | $191M | $173M | $172M | $147M | $160M | $204M | $190M | $185M | |
| Other operating expenses | $106M | $95.9M | $98.3M | $112M | $97.3M | $87.2M | $90.9M | $90.5M | $92.7M | $96.7M | $128M | $131M | |
| Operating expenses | $275M | $301M | $273M | $239M | $289M | $260M | $263M | $237M | $253M | $300M | $319M | $316M | |
| Operating income | $363M | $441M | $586M | $473M | $416M | $494M | $575M | $498M | $446M | $419M | $526M | $452M | |
| Interest income | $18.9M | $19.4M | $21.9M | $29.3M | $23.4M | $22.3M | $18.4M | $19.8M | $13.3M | $8.74M | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$20.1M | -$12.7M | -$14.8M | -$28M | -$13.4M | $0 | $0 | $0 | $0 | $0 | -$7.68M | -$5.16M | |
| Total non-operating income | $18.9M | $19.4M | $21.9M | $29.3M | $23.4M | $7.88M | $2.28M | -$1.36M | -$12.1M | -$12.7M | $7.68M | $5.16M | |
| Income before tax | $382M | $461M | $608M | $503M | $439M | $502M | $577M | $497M | $434M | $406M | $533M | $457M | |
| Income tax | $100M | $101M | $152M | $115M | $107M | $115M | $141M | $115M | $103M | $103M | $130M | $117M | |
| Net income | $282M | $359M | $456M | $387M | $332M | $387M | $436M | $382M | $331M | $303M | $404M | $340M | |
| EPS (basic) | $0.21 | $0.26 | $0.33 | $0.28 | $0.24 | $0.29 | $0.32 | $0.29 | $0.25 | $0.23 | $0.32 | $0.27 | |
| EPS (diluted) | $0.20 | $0.26 | $0.33 | $0.28 | $0.24 | $0.28 | $0.32 | $0.29 | $0.25 | $0.23 | $0.32 | $0.27 | |
| Shares (basic, weighted) | 1.37B | 1.37B | 1.37B | 1.37B | 1.36B | 1.35B | 1.34B | 1.34B | 1.31B | 1.3B | 1.29B | 1.27B | |
| Shares (diluted, weighted) | 1.38B | 1.38B | 1.38B | 1.37B | 1.37B | 1.36B | 1.35B | 1.34B | 1.32B | 1.3B | 1.29B | 1.27B | |
| Depreciation & amortization | $85.5M | $83.2M | $83.6M | $84.3M | $83.9M | $87.2M | $90.9M | $90.5M | $92.7M | $96.7M | $98.3M | $103M | |
| EBITDA | $469M | $537M | $684M | $586M | $513M | $581M | $666M | $589M | $538M | $515M | $632M | $560M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9B | $4.48B | $4.86B | $5.59B | $5.98B | $7.55B | $8.63B | $9.87B | $11.3B | $11.9B | |
| Cost of revenue | $3.41B | $3.72B | $3.95B | $4.44B | $4.94B | $5.84B | $6.57B | $7.29B | $8.3B | $8.9B | |
| Gross profit | $498M | $756M | $911M | $1.14B | $1.04B | $1.71B | $2.06B | $2.59B | $3.02B | $3.03B | |
| General & administrative | $276M | $296M | $375M | $452M | $466M | $607M | $564M | $634M | $697M | $652M | |
| Other operating expenses | $187M | $189M | $277M | $247M | $285M | $295M | $338M | $395M | $404M | $361M | |
| Operating expenses | $464M | $485M | $653M | $699M | $751M | $902M | $902M | $1.03B | $1.1B | $1.01B | |
| Operating income | $34.6M | $271M | $258M | $444M | $290M | $805M | $1.16B | $1.56B | $1.92B | $2.01B | |
| Interest income | $3.63M | $4.95M | $10.1M | $14.3M | $3.62M | $7.82M | $21.1M | $62.7M | $93.9M | $73.7M | |
| Other non-operating income (gains on investments, FX ...) | -$41M | -$25.7M | -$75.2M | -$34.2M | -$46.1M | -$40.6M | -$50.7M | -$75.3M | -$68.8M | $0 | |
| Total non-operating income | $4.17M | $4.95M | $10.1M | $14.3M | $3.62M | $7.82M | $21.1M | $62.7M | $93.9M | -$3.29M | |
| Income before tax | $38.7M | $276M | $268M | $458M | $294M | $813M | $1.18B | $1.62B | $2.01B | $2.01B | |
| Income tax | $15.8M | $99.5M | $91.9M | $108M | -$62M | $160M | $282M | $392M | $476M | $474M | |
| Net income | $22.9M | $176M | $177M | $350M | $356M | $653M | $899M | $1.23B | $1.53B | $1.54B | |
| EPS (basic) | $0.02 | $0.12 | $0.13 | $0.25 | $0.25 | $0.46 | $0.65 | $0.89 | $1.12 | $1.15 | |
| EPS (diluted) | $0.02 | $0.12 | $0.13 | $0.25 | $0.25 | $0.46 | $0.64 | $0.89 | $1.11 | $1.14 | |
| Shares (basic, weighted) | 1.46B | 1.42B | 1.39B | 1.39B | 1.4B | 1.41B | 1.39B | 1.38B | 1.37B | 1.34B | |
| Shares (diluted, weighted) | 1.49B | 1.43B | 1.4B | 1.41B | 1.42B | 1.43B | 1.4B | 1.39B | 1.38B | 1.34B | |
| Depreciation & amortization | $146M | $163M | $202M | $213M | $239M | $255M | $287M | $319M | $335M | $361M | |
| EBITDA | $222M | $460M | $536M | $691M | $575M | $1.1B | $1.5B | $1.95B | $2.32B | $2.37B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02