Mastercard annual ebitda margin
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2025
Mastercard EBITDA Margin Growth & History (MA)
Mastercard's ebitda margin was 61.11% for fiscal 2025.
View full Mastercard company overviewMastercard annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 61.11% | +2.61 pp |
| 2024 | 2024-12-31 | 58.50% | −0.49 pp |
| 2023 | 2023-12-31 | 59.00% | +0.47 pp |
| 2022 | 2022-12-31 | 58.52% | +22.31 pp |
| 2021 | 2021-12-31 | 36.21% | −0.46 pp |
| 2020 | 2020-12-31 | 36.67% | −4.10 pp |
| 2019 | 2019-12-31 | 40.78% | +5.32 pp |
| 2018 | 2018-12-31 | 35.46% | −21.03 pp |
| 2017 | 2017-12-31 | 56.49% | −0.44 pp |
| 2016 | 2016-12-31 | 56.92% | +0.61 pp |
| 2015 | 2015-12-31 | 56.32% | −0.97 pp |
| 2014 | 2014-12-31 | 57.29% | +0.24 pp |
| 2013 | 2013-12-31 | 57.05% | +0.67 pp |
| 2012 | 2012-12-31 | 56.38% | +13.08 pp |
| 2011 | 2011-12-31 | 43.30% | −9.06 pp |
| 2010 | 2010-12-31 | 52.36% | +5.27 pp |
| 2009 | 2009-12-31 | 47.09% | +55.54 pp |
| 2008 | 2008-12-31 | −8.45% | −38.10 pp |
| 2007 | 2007-12-31 | 29.64% | — |
Mastercard quarterly ebitda margin
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| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 63.56% | +1.36 pp |
| Q1 2026 | 2026-03-31 | 61.99% | +0.97 pp |
| Q4 2025 | 2025-12-31 | 59.13% | +3.46 pp |
| Q3 2025 | 2025-09-30 | 62.21% | +4.82 pp |
| Q2 2025 | 2025-06-30 | 62.19% | +0.98 pp |
| Q1 2025 | 2025-03-31 | 61.02% | +0.84 pp |
| Q4 2024 | 2024-12-31 | 55.67% | +1.04 pp |
| Q3 2024 | 2024-09-30 | 57.39% | −4.68 pp |
| Q2 2024 | 2024-06-30 | 61.21% | −0.17 pp |
| Q1 2024 | 2024-03-31 | 60.18% | +2.30 pp |
| Q4 2023 | 2023-12-31 | 54.63% | — |
| Q3 2023 | 2023-09-30 | 62.07% | +26.10 pp |
| Q2 2023 | 2023-06-30 | 61.38% | +24.54 pp |
| Q1 2023 | 2023-03-31 | 57.88% | +18.73 pp |
| Q3 2022 | 2022-09-30 | 35.97% | −1.15 pp |
| Q2 2022 | 2022-06-30 | 36.85% | +1.84 pp |
| Q1 2022 | 2022-03-31 | 39.15% | +2.44 pp |
| Q4 2021 | 2021-12-31 | 36.02% | +1.66 pp |
| Q3 2021 | 2021-09-30 | 37.12% | −0.72 pp |
| Q2 2021 | 2021-06-30 | 35.00% | −1.36 pp |
| Q1 2021 | 2021-03-31 | 36.71% | −1.50 pp |
| Q4 2020 | 2020-12-31 | 34.36% | −23.30 pp |
| Q3 2020 | 2020-09-30 | 37.84% | −4.74 pp |
| Q2 2020 | 2020-06-30 | 36.36% | −5.14 pp |
| Q1 2020 | 2020-03-31 | 38.22% | −3.15 pp |
| Q4 2019 | 2019-12-31 | 57.66% | +22.28 pp |
| Q3 2019 | 2019-09-30 | 42.58% | +0.01 pp |
| Q2 2019 | 2019-06-30 | 41.51% | +3.17 pp |
| Q1 2019 | 2019-03-31 | 41.37% | +3.01 pp |
| Q4 2018 | 2018-12-31 | 35.38% | −14.07 pp |
| Q3 2018 | 2018-09-30 | 42.57% | −18.02 pp |
| Q2 2018 | 2018-06-30 | 38.34% | −19.44 pp |
| Q1 2018 | 2018-03-31 | 38.36% | −20.09 pp |
| Q4 2017 | 2017-12-31 | 49.46% | −3.34 pp |
| Q3 2017 | 2017-09-30 | 60.59% | −0.62 pp |
| Q2 2017 | 2017-06-30 | 57.78% | +3.10 pp |
| Q1 2017 | 2017-03-31 | 58.45% | −0.55 pp |
| Q4 2016 | 2016-12-31 | 52.79% | +5.12 pp |
| Q3 2016 | 2016-09-30 | 61.22% | +3.39 pp |
| Q2 2016 | 2016-06-30 | 54.68% | −1.52 pp |
| Q1 2016 | 2016-03-31 | 58.99% | −5.49 pp |
| Q4 2015 | 2015-12-31 | 47.68% | +2.06 pp |
| Q3 2015 | 2015-09-30 | 57.83% | −2.54 pp |
| Q2 2015 | 2015-06-30 | 56.19% | −5.63 pp |
| Q1 2015 | 2015-03-31 | 64.48% | +1.96 pp |
| Q4 2014 | 2014-12-31 | 45.61% | −1.00 pp |
| Q3 2014 | 2014-09-30 | 60.36% | +1.21 pp |
| Q2 2014 | 2014-06-30 | 61.82% | +0.33 pp |
| Q1 2014 | 2014-03-31 | 62.52% | +1.19 pp |
| Q4 2013 | 2013-12-31 | 46.61% | −4.10 pp |
| Q3 2013 | 2013-09-30 | 59.15% | +0.65 pp |
| Q2 2013 | 2013-06-30 | 61.50% | +4.90 pp |
| Q1 2013 | 2013-03-31 | 61.33% | +1.38 pp |
| Q4 2012 | 2012-12-31 | 50.71% | +48.28 pp |
| Q3 2012 | 2012-09-30 | 58.50% | +0.58 pp |
| Q2 2012 | 2012-06-30 | 56.59% | +0.56 pp |
| Q1 2012 | 2012-03-31 | 59.95% | +1.46 pp |
| Q4 2011 | 2011-12-31 | 2.43% | −40.06 pp |
| Q3 2011 | 2011-09-30 | 57.92% | +1.76 pp |
| Q2 2011 | 2011-06-30 | 56.03% | +0.94 pp |
| Q1 2011 | 2011-03-31 | 58.49% | +2.30 pp |
| Q4 2010 | 2010-12-31 | 42.49% | +3.46 pp |
| Q3 2010 | 2010-09-30 | 56.16% | +4.18 pp |
| Q2 2010 | 2010-06-30 | 55.09% | +8.76 pp |
| Q1 2010 | 2010-03-31 | 56.19% | +4.98 pp |
| Q4 2009 | 2009-12-31 | 39.03% | — |
| Q3 2009 | 2009-09-30 | 51.98% | +70.70 pp |
| Q2 2009 | 2009-06-30 | 46.33% | +143.02 pp |
| Q1 2009 | 2009-03-31 | 51.21% | — |
| Q3 2008 | 2008-09-30 | −18.72% | — |
| Q2 2008 | 2008-06-30 | −96.69% | — |
Mastercard ebitda margin trends
Over the last five fiscal years, Mastercard's ebitda margin increased from 36.67% to 61.11%, a change of +24.44 percentage points. The latest reported quarter, Q2 2026, shows 63.56%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Mastercard source filings ↗Community posts
Mastercard’s payment volumes and services growth lift quarterly profit
Mastercard ($MA) generated third-quarter 2026 net revenue of $9.8 billion, up 14% both as reported and at constant exchange rates. Net income reached $4.6 billion, with diluted earnings of $5.28 per share, up 22%. Adjusted EPS increased 21% ...
