Mastercard MA
NYSE MA
$595.30 +3.61 (+0.61%)
At close: Aug 28, 2026 · 4:00 PM EDT

Mastercard (MA) Operating Margin (2009 - 2026)

Mastercard's (MA) quarterly Operating Margin came in at 60.22% in Q2 2026, up 149.0% YoY from 24.19% in Q2 2025, and up 3.07% on a QoQ basis from 58.43% in Q1 2026.

Analysis

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

Mastercard (MA) has 18 years of Operating Margin data on file, last reported at 60.22% in Q2 2026.

  • Quarterly Operating Margin rose 149.0% year-over-year to 60.22% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 58.33% (up 255.0% YoY) and the FY2025 annual result came in at 57.63%, up 231.0% from the prior year.
  • Operating Margin advanced to 60.22% in Q2 2026, from 58.43% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 60.22% in Q2 2026 to a low of 51.5% in Q4 2023.
  • A 5-year average of 56.38% and a median of 56.93% in 2024 frame the typical range for Operating Margin.
  • Annual changes were most pronounced in 2023 — Operating Margin jumped 477 bps — and 2024, when it sank 450 bps.
  • Tracing MA's Operating Margin over 5 years: stood at 54.74% in 2022, then declined by 6 bps to 51.5% in 2023, then grew by 2 bps to 52.58% in 2024, then climbed by 6 bps to 55.76% in 2025, then increased by 8 bps to 60.22% in 2026.
  • The last three Operating Margin figures came in at 60.22% (Q2 2026), 58.43% (Q1 2026), and 55.76% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Visa 680.39 Bn 668.03 Bn - 59.12%
2 Mastercard 518.33 Bn 504.84 Bn - 60.22%
3 American Express 224.91 Bn 175.59 Bn 17.99 Bn 17.85%
4 Capital One Financial 132.31 Bn 77.60 Bn - -
5 PayPal Holdings 46.25 Bn 35.00 Bn - 16.44%
6 Affirm Holdings 26.22 Bn 24.59 Bn - 12.63%
7 Synchrony Financial 25.37 Bn 9.17 Bn - -
8 SoFi Technologies 23.30 Bn 20.18 Bn 1.02 Bn 1.47%
9 Ally Financial 12.85 Bn 5.01 Bn 2.08 Bn 33.20%
10 FirstCash Holdings 9.51 Bn 9.34 Bn 533.67 Mn 11.82%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 60.22%
Mar 31, 2026 58.43%
Dec 31, 2025 55.76%
Sep 30, 2025 58.84%
Jun 30, 2025 58.74%
Mar 31, 2025 57.23%
Dec 31, 2024 52.58%
Sep 30, 2024 54.34%
Jun 30, 2024 57.98%
Mar 31, 2024 56.77%
Dec 31, 2023 51.50%
Sep 30, 2023 58.84%
Jun 30, 2023 58.32%
Mar 31, 2023 54.56%
Dec 31, 2022 54.74%
Sep 30, 2022 54.07%
Jun 30, 2022 54.90%
Mar 31, 2022 57.09%
Dec 31, 2021 54.20%
Sep 30, 2021 54.50%