KPIs & Operating Metrics(New)
Growth Metrics

Mastercard (MA) Net Margin (2016 - 2026)

Mastercard filings provide 18 years of Net Margin readings, the most recent being 46.23% for Q1 2026.

  • On a quarterly basis, Net Margin rose 98.0% to 46.23% in Q1 2026 year-over-year; TTM through Mar 2026 was 45.88%, a 92.0% increase, with the full-year FY2025 number at 45.65%, down 6.0% from a year prior.
  • Net Margin hit 46.23% in Q1 2026 for Mastercard, roughly flat from 46.1% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 49.6% in Q1 2022 to a low of 40.1% in Q1 2023.
  • Median Net Margin over the past 5 years was 45.24% (2025), compared with a mean of 44.67%.
  • Biggest five-year swings in Net Margin: skyrocketed 797bps in 2022 and later crashed -950bps in 2023.
  • Mastercard's Net Margin stood at 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, then rose by 0bps to 46.23% in 2026.
  • The last three reported values for Net Margin were 46.23% (Q1 2026), 46.1% (Q4 2025), and 45.65% (Q3 2025) per Business Quant data.