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Mastercard MA Operating margin

Operating margin at other companies

Visa logo
VisaV
60.7%-1.5pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
17.4%-0.7pp
CPI Card Group logo
CPI Card GroupPMTS
9.1%-3.7pp
ACI Worldwide logo
ACI WorldwideACIW
18.4%-3.0pp
Global Payments logo
Global PaymentsGPN
15.3%-10.4pp
Chime Financial, Inc. Class A Common Stock logo
Chime Financial, Inc. Class A Common StockCHYM
-43.3%-47.1pp

Other financials

Income statement

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Revenue$9.3B+14.1%
Operating income$5.6B+17.0%
Net income$4.4B+18.6%
EPS (diluted)$4.97+22.1%

Balance sheet

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Cash & equivalents$11.3B+25.0%
Total debt$24.6B+29.9%
Total equity$5.6B-28.5%
Total assets$57.7B+12.2%

Cash flow

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Operating cash flow$3.8B-18.0%
CapEx$291.0M+628%
Free cash flow$3.5B-23.7%

Valuation

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Market cap$502.04B-2.5%
Enterprise value$515.39B-1.8%
P/E30.9×-7.0×
P/S14.3×-2.7×

Profitability

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Net margin46.3%+1.4pp
FCF margin47.6%-7.1pp

Returns & leverage

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Return on equity241.5%+63.6pp
Debt / equity4.4×+2.0×
Current ratio1.1×-0.1×

Where this comes from

Calculated from Mastercard’s reported figures.

Based on trailing twelve months.

The source filing: Mastercard’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 10:28 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001141391-26-000083

FAQ

What is Mastercard's operating margin?
Mastercard (MA) reported operating margin of 58.3% in Q2 2026.
How has Mastercard's operating margin changed year-over-year?
Mastercard's operating margin increased by 4.6% year-over-year, from 55.8% to 58.3%.
What is the long-term trend for Mastercard's operating margin?
Over 5 years (2020 to 2025), Mastercard's operating margin has grown at a 1.8% compound annual growth rate (CAGR), from 52.8% to 57.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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