Mastercard (MA) Net Margin (2009 - 2026)

Mastercard posted quarterly Net Margin of 46.23% for Q1 2026, up 98.0% year-on-year from 23.35% in Q1 2025, and little changed on a QoQ basis from 46.1% in Q4 2025.

Mastercard (MA) Net Margin (2009 - 2026) Analysis & Trends

Mastercard (MA) has 18 years of Net Margin data on file, last reported at 46.23% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin rose 98.0% year-over-year to 46.23%; the trailing twelve-month figure through Mar 2026 stood at 45.88% (up 92.0% YoY), and the FY2025 full-year result was 45.65%, down 6.0% from the prior year.
  • Net Margin for Q1 2026 stood at 46.23%, roughly flat from 46.1% 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.
  • The 5-year median for Net Margin is 45.24% (2025), against an average of 44.67%.
  • The widest annual swing landed in 2022, when Net Margin surged 797 bps; it then slumped 950 bps in 2023.
  • A 5-year view of Net Margin shows it stood at 42.41% in 2022, then slipped by 1 bps to 41.92% in 2023, then grew by 6 bps to 44.63% in 2024, then rose by 3 bps to 46.1% in 2025, then advanced by 0 bps to 46.23% in 2026.
  • The last three Net Margin figures came in at 46.23% (Q1 2026), 46.1% (Q4 2025), and 45.65% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Visa 539.53 Bn 527.13 Bn - 53.62%
2 Mastercard 441.81 Bn 431.60 Bn - 46.23%
3 American Express 215.01 Bn 160.96 Bn 17.43 Bn 15.71%
4 Capital One Financial 114.99 Bn 38.50 Bn - 13.66%
5 PayPal Holdings 41.29 Bn 31.95 Bn 7.84 Bn 13.32%
6 Affirm Holdings 24.62 Bn 22.89 Bn 261.64 Mn 30.76%
7 Synchrony Financial 24.22 Bn 3.66 Bn - 16.44%
8 SoFi Technologies 23.71 Bn 20.31 Bn 929.25 Mn 15.15%
9 Ally Financial 13.13 Bn 12.69 Bn 1.98 Bn 13.84%
10 Credit Acceptance 6.46 Bn 6.44 Bn 562.70 Mn 21.04%

Historic Data

Download Data
DateValue
Mar 31, 2026 46.23%
Dec 31, 2025 46.10%
Sep 30, 2025 45.65%
Jun 30, 2025 45.51%
Mar 31, 2025 45.24%
Dec 31, 2024 44.63%
Sep 30, 2024 43.81%
Jun 30, 2024 46.24%
Mar 31, 2024 46.75%
Dec 31, 2023 41.92%
Sep 30, 2023 48.20%
Jun 30, 2023 44.54%
Mar 31, 2023 40.10%
Dec 31, 2022 42.41%
Sep 30, 2022 42.34%
Jun 30, 2022 40.20%
Mar 31, 2022 49.60%
Dec 31, 2021 44.25%
Sep 30, 2021 47.02%
Jun 30, 2021 43.46%