KPIs & Operating Metrics(New)
Growth Metrics

Mastercard (MA) Net Margin (2016 - 2025)

Mastercard's Net Margin history spans 17 years, with the latest figure at 46.1% for Q4 2025.

  • For Q4 2025, Net Margin rose 148.0% year-over-year to 46.1%; the TTM value through Dec 2025 reached 45.65%, up 36.0%, while the annual FY2025 figure was 45.65%, 6.0% down from the prior year.
  • Net Margin reached 46.1% in Q4 2025 per MA's latest filing, up from 45.65% 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.
  • Average Net Margin over 5 years is 44.48%, with a median of 44.58% recorded in 2023.
  • Peak YoY movement for Net Margin: skyrocketed 915bps in 2021, then tumbled -950bps in 2023.
  • A 5-year view of Net Margin shows it 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.
  • Per Business Quant, the three most recent readings for MA's Net Margin are 46.1% (Q4 2025), 45.65% (Q3 2025), and 45.51% (Q2 2025).