Marathon Petroleum Corporation (MPC) Income Statement
MPC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMPC revenue and net income
Where MPC's revenue goes
2025Each bar shows an amount and its share of revenue. MPC kept 3.0% of revenue as net income.
MPC profit margins
MPC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.4% | −9.2% | +13.7% | +6.3% |
| Gross profit | +7.7% | −23.8% | +71.7% | −3.5% |
| Operating income | +9.9% | −32.8% | — | +2.1% |
| Net income | +17.5% | −34.7% | — | +3.6% |
| EPS (diluted) | +15.6% | −25.9% | — | +6.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MPC quarterly EPS vs estimates
Marathon Petroleum beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $25.13).
MPC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $132.70B | $138.86B | $148.38B | $177.45B | $119.98B | $69.78B | $111.15B | $86.09B | $74.73B | $63.34B |
| Cost of revenue | $122.70B | $129.58B | $131.87B | $154.89B | $113.37B | $69.11B | $102.45B | $79.22B | $69.20B | $58.82B |
| Gross profit | $10.00B | $9.29B | $16.51B | $22.57B | $6.61B | $671.0M | $8.70B | $6.87B | $5.53B | $4.52B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $3.35B | $3.22B | $3.04B | $2.77B | $2.54B | $2.72B | $3.19B | $2.28B | $1.69B | $1.60B |
| Total operating expenses | $4.23B | $4.04B | $3.92B | $3.60B | $2.31B | $12.92B | $4.23B | $2.18B | $1.51B | $2.14B |
| Operating income | $5.77B | $5.25B | $12.59B | $18.97B | $4.30B | −$12.25B | $4.46B | $4.69B | $4.02B | $2.39B |
| Interest income | $159.0M | $505.0M | $520.0M | $1.00B | $1.48B | $1.36B | $40.0M | $87.0M | $27.0M | $6.0M |
| Interest expense | $1.41B | $1.34B | $1.28B | $1.22B | $1.30B | $1.37B | $1.26B | $973.0M | $652.0M | $562.0M |
| Income before taxes | $7.01B | $5.96B | $13.99B | $20.47B | $2.82B | −$13.61B | $3.23B | $3.70B | $3.34B | $1.82B |
| Income taxes | $1.14B | $890.0M | $2.82B | $4.49B | $264.0M | −$2.43B | $784.0M | $764.0M | −$460.0M | $609.0M |
| Net income | $4.05B | $3.44B | $9.68B | $14.52B | $9.74B | −$9.83B | $2.64B | $2.78B | $3.43B | $1.17B |
| EBITDA | $11.68B | $10.60B | $18.56B | $24.88B | $7.45B | −$8.90B | $7.69B | $6.81B | $6.08B | $4.36B |
| EPS (diluted) | $10.80 | $9.34 | $23.53 | $26.52 | $2.50 | −$3.43 | $4.83 | $6.46 | $3.89 | $2.14 |
| Gross margin | 7.5% | 6.7% | 11.1% | 12.7% | 5.5% | 1.0% | 7.8% | 8.0% | 7.4% | 7.1% |
| Operating margin | 4.3% | 3.8% | 8.5% | 10.7% | 3.6% | −17.6% | 4.0% | 5.4% | 5.4% | 3.8% |
| Net margin | 3.0% | 2.5% | 6.5% | 8.2% | 8.1% | −14.1% | 2.4% | 3.2% | 4.6% | 1.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.99B | $34.57B | $32.57B | $34.81B | $33.80B | $31.52B | $33.14B | $35.11B | $37.91B | $32.71B | $36.26B | $40.92B |
| Cost of revenue | $43.06B | $31.26B | $29.69B | $32.04B | $30.81B | $30.15B | $31.38B | $32.99B | $34.78B | $30.42B | $33.41B | $35.77B |
| Gross profit | $8.93B | $3.31B | $2.88B | $2.77B | $2.98B | $1.36B | $1.75B | $2.12B | $3.13B | $2.29B | $2.85B | $5.14B |
| Sales, general & admin | $894.0M | $867.0M | $836.0M | $863.0M | $867.0M | $783.0M | $804.0M | $815.0M | $823.0M | $779.0M | $888.0M | $804.0M |
| Total operating expenses | $1.61B | $1.90B | $1.04B | $1.09B | $1.09B | $1.01B | $941.0M | $768.0M | $609.0M | $502.0M | $1.02B | $391.0M |
| Operating income | $7.32B | $1.40B | $1.85B | $1.67B | $1.90B | $354.0M | $812.0M | $1.35B | $2.52B | $1.78B | $1.83B | $4.75B |
| Interest income | $61.0M | $33.0M | $41.0M | $41.0M | $31.0M | $46.0M | $197.0M | $102.0M | $136.0M | $101.0M | $291.0M | $138.0M |
| Interest expense | $433.0M | $398.0M | $378.0M | $341.0M | $344.0M | $345.0M | $322.0M | $351.0M | $341.0M | $330.0M | $323.0M | $320.0M |
| Income before taxes | $6.98B | $1.03B | $2.35B | $2.40B | $1.88B | $383.0M | $896.0M | $1.13B | $2.33B | $1.60B | $2.28B | $4.63B |
| Income taxes | $1.44B | $183.0M | $372.0M | $460.0M | $268.0M | $37.0M | $111.0M | $113.0M | $373.0M | $293.0M | $407.0M | $1.00B |
| Net income | $5.14B | $511.0M | $1.53B | $1.37B | $1.22B | −$74.0M | $371.0M | $622.0M | $1.51B | $937.0M | $1.45B | $3.28B |
| EBITDA | $8.25B | $2.03B | $3.58B | $3.58B | $3.01B | $1.51B | $2.07B | $2.31B | $3.49B | $2.76B | $3.43B | $5.80B |
| EPS (diluted) | $17.73 | $1.65 | $4.07 | $3.01 | $3.96 | −$0.24 | $0.77 | $1.87 | $4.12 | $2.58 | $3.98 | $8.14 |
| Gross margin | 17.2% | 9.6% | 8.9% | 8.0% | 8.8% | 4.3% | 5.3% | 6.0% | 8.3% | 7.0% | 7.8% | 12.6% |
| Operating margin | 14.1% | 4.1% | 5.7% | 4.8% | 5.6% | 1.1% | 2.5% | 3.8% | 6.7% | 5.5% | 5.0% | 11.6% |
| Net margin | 9.9% | 1.5% | 4.7% | 3.9% | 3.6% | −0.2% | 1.1% | 1.8% | 4.0% | 2.9% | 4.0% | 8.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MPC's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MPC financial results
In fiscal year 2025 (ended December 31, 2025), Marathon Petroleum reported revenue of $132.7 billion, down 4.4% from the year before. It had net income of $4.0 billion (up 17.5%), a net profit margin of 3.0%. Diluted earnings per share came to $10.80. Over five years revenue grew at an average rate of 13.7% a year.
See the MPC stock overview for the latest quote and news, or the MPC chart for price history and technical indicators.
MPC income statement FAQ
What is Marathon Petroleum's annual revenue?
Marathon Petroleum reported total revenue of $132.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 4.4% from $138.9 billion the previous year.
Is Marathon Petroleum profitable?
Yes. Marathon Petroleum reported net income of $4.0 billion in fiscal 2025, a net profit margin of 3.0%; its operating margin was 4.3%.
What is Marathon Petroleum's gross margin?
Marathon Petroleum's gross margin was 7.5% in fiscal 2025: for every $100 of revenue, Marathon Petroleum kept $8 after the direct cost of its products and services.
How fast is Marathon Petroleum growing?
Revenue grew 13.7% a year on average over the last five fiscal years, from $69.8 billion to $132.7 billion.
What are Marathon Petroleum's earnings per share?
Marathon Petroleum earned $10.80 per diluted share in fiscal 2025, compared with $9.34 a year earlier.
When will Marathon Petroleum report its next earnings?
Marathon Petroleum is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Marathon Petroleum's fiscal year end?
Marathon Petroleum's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.