Mastercard (MA) Net Margin (2009 - 2026)
Mastercard's Net Margin came in at 47.30% for Q2 2026, up 1.79 percentage points from 45.51% a year earlier and up 1.07 percentage points from the prior quarter.
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Analysis
Mastercard (MA) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Mastercard reported Net Margin of 46.34%, up 1.41 percentage points year-over-year; for FY2025, it came in at 45.65%, down 0.06 percentage points from FY2024.
- Net Margin carries a five-year change of +3.75 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 45.71% in FY2024 (+1.10 pp), 44.61% in FY2023 (-0.05 pp), 44.66% in FY2022 (-1.35 pp) and 46.00% in FY2021 (+4.10 pp).
- The Q2 2026 figure represents the highest quarterly Net Margin since Q1 2024.
- Year-over-year, Net Margin has increased for four consecutive quarters, with an average year-over-year change of -0.07 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q3 2021 (a gain of 8.99 percentage points), and the weakest in Q1 2023 (a drop of 9.84 percentage points).
- Business Quant data shows MA's Net Margin at 46.23% (Q1 2026), 46.10% (Q4 2025) and 45.65% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 691.47 Bn | 691.47 Bn | - | - |
| 2 | Mastercard | 563.07 Bn | 563.07 Bn | - | - |
| 3 | Wise | 10.86 Bn | 10.86 Bn | - | - |
| 4 | Remitly Global | 5.06 Bn | 2.72 Bn | 307.34 Mn | 41.58% |
| 5 | Western Union | 1.91 Bn | -2.10 Bn | 336.50 Mn | 7.57% |
| 6 | International Money Express | 273.40 Mn | -346.75 Mn | - | 3.21% |
| 7 | Currenc | 131.25 Mn | -120.04 Mn | 3.70 Mn | -133.70% |
| 8 | Sentage Holdings | 4.77 Mn | 689,111.05 | - | - |
| 9 | American Express | 214.16 Bn | 13.64 Bn | - | 18.50% |
| 10 | Capital One Financial | 126.74 Bn | 126.74 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.30% |
| 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 | 44.28% |
| Jun 30, 2024 | 46.80% |
| Mar 31, 2024 | 47.43% |
| Dec 31, 2023 | 42.62% |
| Sep 30, 2023 | 48.95% |
| Jun 30, 2023 | 45.38% |
| Mar 31, 2023 | 41.08% |
| Dec 31, 2022 | 43.41% |
| Sep 30, 2022 | 43.42% |
| Jun 30, 2022 | 41.39% |
| Mar 31, 2022 | 50.92% |
| Dec 31, 2021 | 45.61% |
| Sep 30, 2021 | 48.43% |
API Access
Mastercard Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();