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Marathon Petroleum (MPC) operating margin by quarter

Marathon Petroleum's operating margin was 18.7% in Q3 2026 (third quarter 2026), +4.6 pts from Q2 2026. Over the last 7 quarters it ranged from 2.2% (Q1 2025) to 18.7% (Q3 2026).

Marathon Petroleum operating margin by quarterMarathon Petroleum operating margin by quarter2.2%Q1 20256.5%Q2 20257.8%Q3 20258.3%Q4 20254.1%Q1 202614.1%Q2 202618.7%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202618.7%+4.6 pts+10.9 pts
Q2 202614.1%+10.0 pts+7.6 pts
Q1 20264.1%-4.2 pts+1.9 pts
Q4 20258.3%+0.5 pts—
Q3 20257.8%+1.3 pts—
Q2 20256.5%+4.3 pts—
Q1 20252.2%——

Q3 2026 at a glance

Marathon Petroleum, Q3 2026: revenue $56.0B (+61% year over year), operating margin 18.7%, net earnings $7.4B, operating cash flow $10.7B. The chart follows the revenue to costs, profit and cash.

Questions

What is Marathon Petroleum's operating margin?

Marathon Petroleum's operating margin was 18.7% in Q3 2026 (third quarter 2026), +4.6 pts from Q2 2026.

How has Marathon Petroleum's operating margin changed?

Over the last 7 quarters it ranged from 2.2% (Q1 2025) to 18.7% (Q3 2026).

Q3 2026 results → · How Marathon Petroleum makes money →