Chipotle Mexican GrillCMGEarnings & Financial Report
Chipotle Mexican Grill, Inc., often known simply as Chipotle, is an American multinational chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. As of December 2025, Chipotle has 4,000 locations. Its name derives from chipotle, the Nahuatl name for a smoked and dried jalapeño chili pepper.
Revenue
$3.0B
Gross Profit
N/A
Operating Profit
$477.2M
Net Profit
$382.1M
Gross Margin
N/A
Operating Margin
15.9%
Net Margin
12.7%
YoY Growth
7.5%
EPS
$0.29
Chipotle Mexican Grill Q3 FY2025 Financial Summary
Chipotle Mexican Grill reported revenue of $3.0B (up 7.5% YoY) for Q3 FY2025, with a net profit of $382.1M (down 1.4% YoY) (12.7% margin).
Key Financial Metrics
| Total Revenue | $3.0B |
|---|---|
| Net Profit | $382.1M |
| Gross Margin | N/A |
| Operating Margin | 15.9% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Chipotle Mexican Grill Q3 FY2025 revenue of $3.0B breaks down across 4 segments, led by U.S.Segment at $2.9B (97.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| U.S.Segment | $2.9B | 97.8% |
| Chipotle Rewards | $50.3M | 1.7% |
| Delivery Service | $14.2M | 0.5% |
| Gift Card | $8.2M | 0.3% |
Chipotle Mexican Grill Revenue by Segment — Quarterly Trend
Chipotle Mexican Grill revenue by segment across the last 4 reported quarters, showing how each business line (such as U.S.Segment and Chipotle Rewards) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| U.S.Segment | — | $2.9B | $2.9B | $3.0B |
| Chipotle Rewards | — | $46.1M | $50.3M | $45.7M |
| Delivery Service | — | $14.3M | $14.2M | $15.6M |
| Gift Card | — | — | $8.2M | $14.6M |
Chipotle Mexican Grill Annual Revenue by Year
Chipotle Mexican Grill annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $11.9B |
| 2024 | $11.3B |
| 2023 | $9.9B |
| 2022 | $8.6B |
Chipotle Mexican Grill Quarterly Revenue & Net Profit History
Chipotle Mexican Grill results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.1B | +7.4% | $302.8M | 9.8% |
| Q4 FY2025 | $3.0B | +4.9% | $330.9M | 11.1% |
| Q3 FY2025 | $3.0B | +7.5% | $382.1M | 12.7% |
| Q2 FY2025 | $3.1B | +3.0% | $436.1M | 14.2% |
| Q1 FY2025 | $2.9B | +6.4% | $386.6M | 13.4% |
| Q4 FY2024 | $2.8B | +13.1% | $331.8M | 11.7% |
| Q3 FY2024 | $2.8B | +13.0% | $387.4M | 13.9% |
| Q2 FY2024 | $3.0B | +18.2% | $455.7M | 15.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.97B | $2.79B | $2.85B | $2.88B | $3.06B | $3.00B | $2.98B | $3.09B |
| YoY Growth | 18.2% | 13.0% | 13.1% | 6.4% | 3.0% | 7.5% | 4.9% | 7.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.92B | $9.01B | $9.20B | $9.04B | $9.27B | $9.28B | $8.99B | $8.80B |
| Liabilities | $5.21B | $5.40B | $5.55B | $5.55B | $5.74B | $6.06B | $6.16B | $6.40B |
| Equity | $3.71B | $3.61B | $3.66B | $3.49B | $3.53B | $3.22B | $2.83B | $2.41B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $562.6M | $446.5M | $526.8M | $557.1M | $561.3M | $569.7M | $425.8M | $651.4M |