Marathon Petroleum

MPC Energy Market cap $111B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 4, 2026

Revenue$52.0B +54% year over year

Gross profit$8.9B 17% margin

Operating profit$7.3B 14% margin

Net profit$5.1B 10% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	52.0	100%	+54%
Refining & marketing	49.3	95%	+55%
Midstream	1.5	3%	+9%
Renewable diesel	1.2	2%	+97%
Cost of revenue	−43.1	83%
Gross profit	8.9	17% margin	+6pp
SG&A	−0.9	2%	−1pp
Other	−0.7	1%	+0pp
Operating profit	7.3	14% margin	+8pp
Interest & other costs	−0.7
Tax	−1.4
Net profit	5.1	10% margin	+6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	34.2	100%	+9%
Refining & marketing	32.3	94%	+10%
Midstream	1.3	4%	−10%
Renewable diesel	0.6	2%	−8%
Cost of revenue	−31.3	91%
Gross profit	2.9	9% margin	+2pp
SG&A	−0.9	2%	+0pp
Other	−0.7	2%	+0pp
Operating profit	1.4	4% margin	+2pp
Interest & other costs	−0.7
Tax	−0.2
Net profit	0.5	1% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	32.57	100%	−2%
Refining & marketing	30.32	93%	−3%
Midstream	1.40	4%	+1%
Renewable diesel	0.85	3%	+42%
Cost of revenue	−28.86	89%
Gross profit	3.71	11% margin	+4pp
SG&A	−0.84	3%	+0pp
Other	−0.18	0%	+0pp
Operating profit	2.69	8% margin	+5pp
Interest & other costs	−0.79
Tax	−0.37
Net profit	1.54	5% margin	+4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	34.81	100%	−1%
Refining & marketing	32.65	94%	−2%
Midstream	1.45	4%	+9%
Renewable diesel	0.71	2%	+49%
Cost of revenue	−31.20	90%
Gross profit	3.61	10% margin	+2pp
SG&A	−0.86	3%	+0pp
Other	−0.03	0%	+0pp
Operating profit	2.71	8% margin	+4pp
Interest & other costs	−0.88
Tax	−0.46
Net profit	1.37	4% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	33.8	100%	−11%
Refining & marketing	31.8	94%	−12%
Midstream	1.3	4%	+6%
Renewable diesel	0.6	2%	+29%
Cost of revenue	−30.0	89%
Gross profit	3.8	11% margin	+1pp
SG&A	−0.9	3%	+0pp
Other	−0.7	2%	+0pp
Operating profit	2.2	7% margin	+0pp
Interest & other costs	−0.7
Tax	−0.3
Net profit	1.2	4% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 4, 2026 Operating margin 14% Net profit $5.1B	Apr 1 – Jun 30, 2026	Aug 4, 2026	$52.0B	+54%	14%	$5.1B	10%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 5, 2026 Operating margin 4% Net profit $0.5B	Jan 1 – Mar 31, 2026	May 5, 2026	$34.2B	+9%	4%	$0.5B	1%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 26, 2026 Operating margin 8% Net profit $1.5B	Oct 1 – Dec 31, 2025	Feb 26, 2026	$32.6B	−2%	8%	$1.5B	5%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 4, 2025 Operating margin 8% Net profit $1.4B	Jul 1 – Sep 30, 2025	Nov 4, 2025	$34.8B	−1%	8%	$1.4B	4%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 5, 2025 Operating margin 7% Net profit $1.2B	Apr 1 – Jun 30, 2025	Aug 5, 2025	$33.8B	−11%	7%	$1.2B	4%