Mastercard (MA) Operating Margin (2009 - 2026)
Mastercard (MA) posted Operating Margin of 60.22% for Q2 2026, up 1.49 percentage points from 58.74% a year earlier and up 1.79 percentage points from the prior quarter.
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Analysis
Mastercard (MA) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Mastercard was 58.33%, up 2.55 percentage points year-over-year; for FY2025, it was 57.63%, up 2.31 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +4.82 percentage points (FY2020 to FY2025).
- In prior years, Mastercard's Operating Margin was 55.32% in FY2024 (-0.49 pp), 55.81% in FY2023 (+0.66 pp), 55.15% in FY2022 (+1.76 pp) and 53.39% in FY2021 (+0.58 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q1 2015.
- On a year-over-year basis, Operating Margin has increased in each of the last seven quarters, with an average year-over-year change of +1.02 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2023, with a gain of 4.77 percentage points; the weakest was Q3 2024, with a drop of 4.50 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 58.43% (Q1 2026), 55.76% (Q4 2025) and 58.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 59.12% |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 60.22% |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 13.47% |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 13.04% |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 6.67% |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | -46.55% |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | - |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
API Access
Mastercard Operating 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=operating-margin&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();