TTM
59.4%
YoY change
+3.85pp
Trough year (2003)
-27.0%
Peak year (2025)
59.2%
Latest annual
59.2%
Operating Margin history chart for Mastercard (MA) from 1998 to 2025
Latest: 59.2%
Operating Margin change chart for Mastercard (MA) from 1998 to 2025
Latest: +3.85pp
Operating Margin history table for Mastercard (MA) from 1998 to 2025
| 2025 | 59.2% | +3.85pp | ||
| 2024 | 55.3% | -0.49pp | ||
| 2023 | 55.8% | +0.66pp | ||
| 2022 | 55.2% | +1.76pp | ||
| 2021 | 53.4% | +0.58pp | ||
| 2020 | 52.8% | -4.43pp | ||
| 2019 | 57.2% | +8.53pp | ||
| 2018 | 48.7% | -4.28pp | ||
| 2017 | 53.0% | -0.47pp | ||
| 2016 | 53.5% | +0.93pp | ||
| 2015 | 52.5% | -1.55pp | ||
| 2014 | 54.1% | -0.09pp | ||
| 2013 | 54.2% | +0.91pp | ||
| 2012 | 53.3% | +12.86pp | ||
| 2011 | 40.4% | -9.28pp | ||
| 2010 | 49.7% | +5.36pp | ||
| 2009 | 44.3% | +55.03pp | ||
| 2008 | -10.7% | -37.95pp | ||
| 2007 | 27.2% | +20.34pp | ||
| 2006 | 6.9% | -6.48pp | ||
| 2005 | 13.4% | +0.02pp | ||
| 2004 | 13.4% | +40.35pp | ||
| 2003 | -27.0% | -34.48pp | ||
| 2002 | 7.5% | -6.25pp | ||
| 2001 | 13.8% | +1.44pp | ||
| 2000 | 12.3% | — | ||
| 1998 | 1.7% | — |
- 202559.2%+3.85pp
- 202455.3%-0.49pp
- 202355.8%+0.66pp
- 202255.2%+1.76pp
- 202153.4%+0.58pp
- 202052.8%-4.43pp
- 201957.2%+8.53pp
- 201848.7%-4.28pp
- 201753.0%-0.47pp
- 201653.5%+0.93pp
- 201552.5%-1.55pp
- 201454.1%-0.09pp
- 201354.2%+0.91pp
- 201253.3%+12.86pp
- 201140.4%-9.28pp
- 201049.7%+5.36pp
- 200944.3%+55.03pp
- 2008-10.7%-37.95pp
- 200727.2%+20.34pp
- 20066.9%-6.48pp
- 200513.4%+0.02pp
- 200413.4%+40.35pp
- 2003-27.0%-34.48pp
- 20027.5%-6.25pp
- 200113.8%+1.44pp
- 200012.3%—
- 19981.7%—
Operating Margin values are taken from Mastercard's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Mastercard (MA)
According to Mastercard's latest reported financial statements, the company's latest reported operating margin is 59.4%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Mastercard (MA) most recent annual operating margin stands at 59.17% (2025) – expanded 3.8 percentage points year-over-year.
59.17% stands as the all-time-high annual operating margin, posted in 2025, against a low of -26.98% during 2003.
Mastercard Operating Margin by Year
Mastercard Operating Margin 2025: 59.2%
In 2025, Mastercard reported operating margin of 59.17%, expanded 3.8 percentage points from 2024. This figure represents the highest annual value in the available history.
Mastercard Operating Margin 2024: 55.3%
Mastercard operating margin in 2024 was 55.32%, contracted 0.5 percentage points from 2023.
Mastercard Operating Margin 2023: 55.8%
2023's operating margin for Mastercard came in at 55.81%, expanded 0.7 percentage points from 2022.
Mastercard Operating Margin 2022: 55.2%
Mastercard posted operating margin of 55.15% in 2022, expanded 1.8 percentage points from 2021.
Mastercard Operating Margin 2021: 53.4%
Mastercard operating margin in 2021 was 53.39%.
See more financial history for Mastercard (MA).
Sector peers by Operating Margin
Financial Services peers of Mastercard (MA), ranked by their latest operating margin
| 61.1% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% | |
| 12.8% |
- 61.1%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
- 12.8%
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