Marathon Petroleum Q1 FY26: where the revenue came from and where it went
The whole income statement of Marathon Petroleum for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- May 5, 2026
Revenue$34.2B
+9% year over year
Gross profit$2.9B
9% margin
Operating profit$1.4B
4% margin
Net profit$0.5B
1% margin
The numbers
| 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 |
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