MA Mastercard margins

Relative Growth: Rel. Growth: 94

Relative Strength: Rel. Strength: 55

Relative Valuation: Rel. Valuation: 30

Relative Profitability: Rel. Profitability: 99

Gross margin

100%

Operating margin

58.3%

EBITDA margin

63%

Net margin

46.3%

For this period, Mastercard reports a gross margin of 100%, an operating margin of 58.3%, an EBITDA margin of 63%, and a net margin of 46.3%. The main improvement was in EBITDA margin, up 2.8 percentage points; the remaining margins remained unchanged.

MA margin history

Gross, operating, EBITDA and net margin trends

Mastercard's margins averaged 100% gross, 56.45% operating, 60.95% EBITDA, and 45.57% net during the last 3 years. Against the three-year averages, operating, EBITDA, and net margins are above their three-year averages.

MA margin expansion

Year-over-year margin changes in percentage points

From the same period last year, operating margin expanded by 2.5 percentage points, EBITDA margin by 2.8 percentage points, and net margin by 1.4 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

2.5pp

EBITDA margin expansion

2.8pp

Net margin expansion

1.4pp

MA Gross margin

Over the last 3 years, Mastercard had an average gross margin of 100%. The current gross margin stands at 100%, in line with its three-year average. Looking back over the last 3 years, Mastercard's gross margin reached 100% at its highest point in Jun 2026 and 100% at its lowest in Dec 2023.

MA Operating margin

Mastercard's operating margin averaged 56.45% across the past 3 years. Compared with its three-year average, Mastercard's current operating margin is 58.3% and is 1.9 percentage points above its three-year average. Over the last 3 years, Mastercard's operating margin peaked at 58.3% in Jun 2026 and reached a low of 55.2% in Sep 2024.

MA EBITDA margin

Mastercard's EBITDA margin averaged 60.95% over the last 3 years. Compared with its three-year average, Mastercard's current EBITDA margin is 63% and is 2.1 percentage points above its three-year average. Over the last 3 years, Mastercard's EBITDA margin peaked at 63% in Jun 2026 and reached a low of 59.4% in Sep 2024.

MA Net margin

Reviewing the last 3 years, Mastercard recorded an average net margin of 45.57%. Mastercard's current net margin is 46.3% and is 0.7 percentage points above its three-year average. The highest net margin for Mastercard was 46.4% in Jun 2024, while the lowest was 44.6% in Dec 2023.

MA margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 100%, MA is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 83.9%, Mastercard's gross margin is 19% higher.

MA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Mastercard's gross margin?

For the period ending Jun 30, 2026, MA recorded a gross margin of 100%.

What is Mastercard's operating margin?

As of Jun 30, 2026, MA has an operating margin of 58.3%.

What is Mastercard's EBITDA margin?

For the period ending Jun 30, 2026, MA recorded an EBITDA margin of 63%.

What is Mastercard's net margin?

The current net margin for MA is 46.3% as of Jun 30, 2026.

What are the average margins of MA?

Over the last 3 years, Mastercard's margins averaged 100.0% gross, 56.5% operating, 61.0% EBITDA, and 45.6% net.

What are the highest historical margins of MA?

Mastercard's highest recorded margins during the past 5 years were 100% gross in Jun 2026, 58.3% operating in Jun 2026, 63% EBITDA in Jun 2026, and 47.7% net in Mar 2022.

What are the lowest historical margins of MA?

Mastercard's lowest recorded margins during the past 5 years were 100% gross in Dec 2021, 53.4% operating in Dec 2021, 57.2% EBITDA in Mar 2023, and 42.3% net in Mar 2023.