Mattel Inc /De/ (MAT) Operating Margin (2009 - 2026)
Mattel's Operating Margin was 0.97% in Q2 2026, down 6.74 percentage points from 7.71% a year earlier but up 12.88 percentage points from the prior quarter.
Mattel Inc /De/ (MAT) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mattel's Operating Margin was 7.82% through Jun 30, 2026, down 4.78 percentage points year-over-year; for FY2025, it was 10.22%, down 2.69 percentage points from FY2024.
- Operating Margin shows a five-year change of +2.05 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 12.91% in FY2024 (+2.58 pp), 10.32% in FY2023 (-2.11 pp), 12.43% in FY2022 (-0.94 pp) and 13.37% in FY2021 (+5.20 pp).
- Quarterly Operating Margin has moved between -14.12% (Q1 2023) and 26.48% (Q3 2024) over five years.
- Compared with a year earlier, Operating Margin has declined for four straight quarters, with an average year-over-year change of -2.22 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q1 2024 (a gain of 9.73 percentage points); the worst was Q1 2023 (a drop of 21.81 percentage points).
- Per Business Quant data, MAT's Operating Margin in the three quarters before Q2 2026 was -11.91% (Q1 2026), 7.99% (Q4 2025) and 21.88% (Q3 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.97% |
| Mar 31, 2026 | -11.91% |
| Dec 31, 2025 | 7.99% |
| Sep 30, 2025 | 21.88% |
| Jun 30, 2025 | 7.71% |
| Mar 31, 2025 | -6.41% |
| Dec 31, 2024 | 9.61% |
| Sep 30, 2024 | 26.48% |
| Jun 30, 2024 | 7.71% |
| Mar 31, 2024 | -4.39% |
| Dec 31, 2023 | 8.64% |
| Sep 30, 2023 | 24.70% |
| Jun 30, 2023 | 5.77% |
| Mar 31, 2023 | -14.12% |
| Dec 31, 2022 | 5.63% |
| Sep 30, 2022 | 22.29% |
| Jun 30, 2022 | 10.12% |
| Mar 31, 2022 | 7.69% |
| Dec 31, 2021 | 14.34% |
| Sep 30, 2021 | 22.08% |
Mattel Inc /De/ 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=MAT&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MAT", "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=MAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();