Mastercard (MA) Net Margin (2009 - 2026)

Mastercard has reported Net Margin for 18 years, with the latest figure 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.
• The five-year high for Net Margin was 49.6% in Q1 2022, with the low at 40.1% in Q1 2023.
• Historically, Net Margin has averaged 44.67% across 5 years, with a median of 45.24% in 2025.
• Annual changes were most pronounced in 2022 — Net Margin surged 797 bps — and 2023, when it plunged 950 bps.
• Mastercard's Net Margin stood at 42.41% in 2022, then decreased by 1 bps to 41.92% in 2023, then climbed by 6 bps to 44.63% in 2024, then increased by 3 bps to 46.1% in 2025, then gained 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.