KPIs & Operating Metrics(New)
Growth Metrics

Mastercard (MA) Net Margin (2016 - 2025)

Mastercard (MA) has disclosed Net Margin for 17 consecutive years, with 46.1% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Net Margin rose 148.0% year-over-year to 46.1%, compared with a TTM value of 45.65% through Dec 2025, up 36.0%, and an annual FY2025 reading of 45.65%, down 6.0% over the prior year.
  • Net Margin was 46.1% for Q4 2025 at Mastercard, up from 45.65% in the prior quarter.
  • Across five years, Net Margin topped out at 49.6% in Q1 2022 and bottomed at 40.1% in Q1 2023.
  • Average Net Margin over 5 years is 44.48%, with a median of 44.58% recorded in 2023.
  • The sharpest move saw Net Margin skyrocketed 915bps in 2021, then tumbled -950bps in 2023.
  • Year by year, Net Margin stood at 44.25% in 2021, then fell by -4bps to 42.41% in 2022, then dropped by -1bps to 41.92% in 2023, then increased by 6bps to 44.63% in 2024, then grew by 3bps to 46.1% in 2025.
  • Business Quant data shows Net Margin for MA at 46.1% in Q4 2025, 45.65% in Q3 2025, and 45.51% in Q2 2025.