Filing Flows › Mastercard (MA) › Operating margin
Mastercard (MA) operating margin by quarter
Mastercard's operating margin was 59.8% in Q3 2026 (third quarter 2026), -0.5 pts from Q2 2026. Over the last 7 quarters it ranged from 55.8% (Q4 2025) to 60.2% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 59.8% | -0.5 pts | +0.9 pts |
| Q2 2026 | 60.2% | +1.8 pts | +1.5 pts |
| Q1 2026 | 58.4% | +2.7 pts | +1.2 pts |
| Q4 2025 | 55.8% | -3.1 pts | — |
| Q3 2025 | 58.8% | +0.1 pts | — |
| Q2 2025 | 58.7% | +1.5 pts | — |
| Q1 2025 | 57.2% | — | — |
Q3 2026 at a glance
Mastercard, Q3 2026: revenue $9.8B (+14% year over year), operating margin 59.8%, net earnings $4.6B, operating cash flow $5.1B. The chart follows the revenue to costs, profit and cash.
Questions
What is Mastercard's operating margin?
Mastercard's operating margin was 59.8% in Q3 2026 (third quarter 2026), -0.5 pts from Q2 2026.
How has Mastercard's operating margin changed?
Over the last 7 quarters it ranged from 55.8% (Q4 2025) to 60.2% (Q2 2026).