Mastercard Inc (MA) stock
MANYSEServices-Business Services, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 12/30358% above fair value
$652.60−8.13 (-1.23%)
Close on Nov 12, 2026Market cap $568.53BP/E –Yield 0.48%
Mastercard operating margin
Operating margin is operating income as a percentage of revenue.
Mastercard's operating margin for the twelve months ending Sep 30, 2026 was 58.6%. For fiscal 2025 it was 57.6%, against 55.3% the year before. The highest annual figure on record is 57.6% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 57.6% | +2.3 |
| FY2024 | Dec 31, 2024 | 55.3% | −0.5 |
| FY2023 | Dec 31, 2023 | 55.8% | +0.7 |
| FY2022 | Dec 31, 2022 | 55.2% | +1.8 |
| FY2021 | Dec 31, 2021 | 53.4% | +0.6 |
| FY2020 | Dec 31, 2020 | 52.8% | −4.4 |
| FY2019 | Dec 31, 2019 | 57.2% | +8.5 |
| FY2018 | Dec 31, 2018 | 48.7% | −4.3 |
| FY2017 | Dec 31, 2017 | 53.0% | −0.5 |
| FY2016 | Dec 31, 2016 | 53.5% | +0.9 |
| FY2015 | Dec 31, 2015 | 52.5% | −1.6 |
| FY2014 | Dec 31, 2014 | 54.1% | −0.1 |
| FY2013 | Dec 31, 2013 | 54.2% | +0.9 |
| FY2012 | Dec 31, 2012 | 53.3% | +12.9 |
| FY2011 | Dec 31, 2011 | 40.4% | −9.3 |
| FY2010 | Dec 31, 2010 | 49.7% | +5.4 |
| FY2009 | Dec 31, 2009 | 44.3% | +55.0 |
| FY2008 | Dec 31, 2008 | -10.7% | −37.9 |
| FY2007 | Dec 31, 2007 | 27.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 59.8% | +0.9 |
| Q2 FY2026 | Jun 30, 2026 | 60.2% | +1.5 |
| Q1 FY2026 | Mar 31, 2026 | 58.4% | +1.2 |
| Q4 FY2025 | Dec 31, 2025 | 55.8% | +3.2 |
| Q3 FY2025 | Sep 30, 2025 | 58.8% | +4.5 |
| Q2 FY2025 | Jun 30, 2025 | 58.7% | +0.8 |
| Q1 FY2025 | Mar 31, 2025 | 57.2% | +0.5 |
| Q4 FY2024 | Dec 31, 2024 | 52.6% | +1.1 |
| Q3 FY2024 | Sep 30, 2024 | 54.3% | −4.5 |
| Q2 FY2024 | Jun 30, 2024 | 58.0% | −0.3 |
| Q1 FY2024 | Mar 31, 2024 | 56.8% | +2.2 |
| Q4 FY2023 | Dec 31, 2023 | 51.5% | −3.2 |
| Q3 FY2023 | Sep 30, 2023 | 58.8% | +4.8 |
| Q2 FY2023 | Jun 30, 2023 | 58.3% | +3.4 |
| Q1 FY2023 | Mar 31, 2023 | 54.6% | −2.5 |
| Q4 FY2022 | Dec 31, 2022 | 54.7% | +0.5 |
| Q3 FY2022 | Sep 30, 2022 | 54.1% | −0.4 |
| Q2 FY2022 | Jun 30, 2022 | 54.9% | +3.2 |
| Q1 FY2022 | Mar 31, 2022 | 57.1% | +4.2 |
| Q4 FY2021 | Dec 31, 2021 | 54.2% | +4.2 |
| Q3 FY2021 | Sep 30, 2021 | 54.5% | −0.4 |
| Q2 FY2021 | Jun 30, 2021 | 51.7% | +0.5 |
| Q1 FY2021 | Mar 31, 2021 | 52.9% | −2.3 |
| Q4 FY2020 | Dec 31, 2020 | 50.0% | −4.4 |
| Q3 FY2020 | Sep 30, 2020 | 54.9% | −4.6 |
| Q2 FY2020 | Jun 30, 2020 | 51.2% | −7.1 |
| Q1 FY2020 | Mar 31, 2020 | 55.2% | −1.8 |
| Q4 FY2019 | Dec 31, 2019 | 54.3% | +21.9 |
| Q3 FY2019 | Sep 30, 2019 | 59.4% | +0.8 |
| Q2 FY2019 | Jun 30, 2019 | 58.3% | +5.5 |
| Q1 FY2019 | Mar 31, 2019 | 56.9% | +5.9 |
| Q4 FY2018 | Dec 31, 2018 | 32.4% | −13.5 |
| Q3 FY2018 | Sep 30, 2018 | 58.7% | +1.5 |
| Q2 FY2018 | Jun 30, 2018 | 52.8% | −1.3 |
| Q1 FY2018 | Mar 31, 2018 | 51.0% | −4.1 |
| Q4 FY2017 | Dec 31, 2017 | 46.0% | −3.5 |
| Q3 FY2017 | Sep 30, 2017 | 57.1% | – |
| Q2 FY2017 | Jun 30, 2017 | 54.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 55.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 49.5% | – |
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