Marathon Petroleum Corporation (MPC)
NYSE: MPC · Real-Time Price · USD
373.32
+4.49 (1.22%)
At close: Aug 31, 2026, 4:00 PM EDT
374.57
+1.25 (0.33%)
After-hours: Aug 31, 2026, 7:59 PM EDT
Marathon Petroleum Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Operating Revenue | 51,994 | 34,200 | 32,574 | 34,809 | 33,799 | 31,517 | 33,137 | 35,107 | 37,914 | 32,706 | 36,255 | 40,917 | 36,343 | 34,864 | - | 45,787 | 53,795 | 38,058 | 35,336 | 32,321 |
Other Revenue | 89 | 192 | 222 | 66 | 84 | 103 | 66 | 49 | 76 | 281 | 282 | 341 | 269 | 77 | - | 219 | 257 | 202 | 102 | 170 |
| 52,083 | 34,392 | 32,796 | 34,875 | 33,883 | 31,620 | 33,203 | 35,156 | 37,990 | 32,987 | 36,537 | 41,258 | 36,612 | 34,941 | - | 46,006 | 54,052 | 38,260 | 35,438 | 32,491 | |
Revenue Growth (YoY) | 53.71% | 8.77% | -1.23% | -0.80% | -10.81% | -4.14% | -9.13% | -14.79% | 3.76% | -5.59% | - | -10.32% | -32.27% | -8.67% | - | 41.60% | 81.78% | 67.90% | 96.66% | 86.41% |
Cost of Revenue | 43,064 | 31,261 | 28,861 | 31,200 | 30,025 | 29,360 | 30,558 | 32,144 | 33,945 | 29,593 | 32,582 | 34,928 | 31,762 | 29,294 | - | 38,821 | 44,207 | 35,068 | 32,184 | 29,563 |
Gross Profit | 9,019 | 3,131 | 3,935 | 3,675 | 3,858 | 2,260 | 2,645 | 3,012 | 4,045 | 3,394 | 3,955 | 6,330 | 4,850 | 5,647 | - | 7,185 | 9,845 | 3,192 | 3,254 | 2,928 |
Selling, General & Admin | 899 | 872 | 842 | 869 | 873 | 788 | 796 | 807 | 812 | 768 | 799 | 804 | 679 | 668 | - | 705 | 726 | 582 | 654 | 691 |
Other Operating Expenses | 219 | 227 | 203 | 232 | 223 | 227 | 137 | 219 | 234 | 228 | 198 | 233 | 219 | 231 | - | 224 | 190 | 192 | 177 | 193 |
Operating Expenses | 1,956 | 1,908 | 1,873 | 1,942 | 1,885 | 1,808 | 1,759 | 1,872 | 1,884 | 1,823 | 1,825 | 1,882 | 1,732 | 1,699 | - | 1,723 | 1,735 | 1,579 | 1,644 | 1,720 |
Operating Income | 7,063 | 1,223 | 2,062 | 1,733 | 1,973 | 452 | 886 | 1,140 | 2,161 | 1,571 | 2,130 | 4,448 | 3,118 | 3,948 | - | 5,462 | 8,110 | 1,613 | 1,610 | 1,208 |
Interest Expense | -394 | -386 | -377 | -341 | -337 | -334 | -314 | -337 | -328 | -329 | -318 | -320 | -316 | -311 | - | -303 | -299 | -287 | -302 | -313 |
Interest & Investment Income | 61 | 33 | 41 | 41 | 31 | 46 | 68 | 102 | 105 | 101 | 149 | 141 | 119 | 121 | - | 59 | 18 | 5 | 6 | 5 |
Earnings From Equity Investments | 256 | 176 | 204 | 976 | 212 | 230 | 252 | 219 | 373 | 204 | 195 | 215 | 199 | 133 | - | 180 | 147 | 142 | 152 | 122 |
Other Non Operating Income (Expenses) | -2 | -12 | -1 | -4 | -7 | -11 | -8 | -14 | -13 | -1 | -5 | - | -1 | -6 | - | -1 | 1 | -2 | -4 | -10 |
EBT Excluding Unusual Items | 6,984 | 1,034 | 1,929 | 2,405 | 1,872 | 383 | 884 | 1,110 | 2,298 | 1,546 | 2,151 | 4,484 | 3,119 | 3,885 | - | 5,397 | 7,977 | 1,471 | 1,462 | 1,012 |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | 1 | 20 | 31 | 39 | 42 | 41 | 31 | 28 | - | - | - | 1 | 1 | - |
Gain (Loss) on Sale of Assets | -2 | - | 169 | -2 | 6 | - | 11 | -2 | -1 | 20 | 91 | 110 | 13 | 3 | - | 1,051 | 39 | -18 | 18 | - |
Legal Settlements | - | - | 253 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Unusual Items | - | - | - | - | - | - | - | - | - | - | - | - | - | -9 | - | -2 | - | - | -133 | - |
Pretax Income | 6,982 | 1,034 | 2,351 | 2,403 | 1,878 | 383 | 896 | 1,128 | 2,328 | 1,605 | 2,284 | 4,635 | 3,163 | 3,907 | - | 6,446 | 8,016 | 1,454 | 1,348 | 1,012 |
Income Tax Expense | 1,444 | 183 | 372 | 460 | 268 | 37 | 111 | 113 | 373 | 293 | 407 | 1,004 | 583 | 823 | - | 1,426 | 1,799 | 282 | 243 | -18 |
Earnings From Continuing Operations | 5,538 | 851 | 1,979 | 1,943 | 1,610 | 346 | 785 | 1,015 | 1,955 | 1,312 | 1,877 | 3,631 | 2,580 | 3,084 | - | 5,020 | 6,217 | 1,172 | 1,105 | 1,030 |
Net Income to Company | 5,538 | 851 | 1,979 | 1,943 | 1,610 | 346 | 785 | 1,015 | 1,955 | 1,312 | 1,877 | 3,631 | 2,580 | 3,084 | - | 5,020 | 6,217 | 1,172 | 1,105 | 1,030 |
Minority Interest in Earnings | -400 | -340 | -444 | -573 | -394 | -420 | -414 | -393 | -440 | -375 | -426 | -351 | -354 | -360 | - | -543 | -344 | -327 | -331 | -336 |
Net Income | 5,138 | 511 | 1,535 | 1,370 | 1,216 | -74 | 371 | 622 | 1,515 | 937 | 1,451 | 3,280 | 2,226 | 2,724 | - | 4,477 | 5,873 | 845 | 774 | 694 |
Preferred Dividends & Other Adjustments | 5 | - | 1 | 2 | 1 | - | 1 | - | 1 | 1 | 2 | 2 | 1 | 4 | - | 2 | 3 | - | 1 | - |
Net Income to Common | 5,133 | 511 | 1,534 | 1,368 | 1,215 | -74 | 370 | 622 | 1,514 | 936 | 1,449 | 3,278 | 2,225 | 2,720 | - | 4,475 | 5,870 | 845 | 773 | 694 |
Net Income Growth (YoY) | 322.47% | - | 314.60% | 119.94% | -19.75% | - | -74.47% | -81.03% | -31.95% | -65.59% | - | -26.75% | -62.09% | 221.89% | - | 544.81% | -31.04% | - | 172.18% | - |
Shares Outstanding (Basic) | 289 | 295 | 299 | 303 | 307 | 313 | 320 | 331 | 349 | 361 | 376 | 394 | 417 | 444 | - | 491 | 532 | 564 | 605 | 633 |
Shares Outstanding (Diluted) | 290 | 295 | 300 | 304 | 307 | 313 | 321 | 332 | 350 | 362 | 377 | 396 | 419 | 447 | - | 494 | 536 | 568 | 609 | 637 |
Shares Change (YoY) | -5.54% | -5.75% | -6.54% | -8.43% | -12.29% | -13.54% | -14.85% | -16.16% | -16.47% | -19.02% | - | -19.84% | -21.83% | -21.30% | - | -22.45% | -18.04% | -12.75% | -6.31% | -2.00% |
EPS (Basic) | 17.76 | 1.73 | 5.13 | 4.51 | 3.96 | -0.24 | 1.16 | 1.88 | 4.34 | 2.59 | 3.85 | 8.32 | 5.34 | 6.13 | - | 9.11 | 11.03 | 1.50 | 1.28 | 1.10 |
EPS (Diluted) | 17.73 | 1.73 | 5.12 | 4.51 | 3.96 | -0.24 | 1.14 | 1.87 | 4.33 | 2.58 | 3.83 | 8.28 | 5.32 | 6.09 | - | 9.06 | 10.95 | 1.49 | 1.27 | 1.09 |
EPS Growth (YoY) | 347.99% | - | 350.71% | 141.18% | -8.60% | - | -70.38% | -77.42% | -18.61% | -57.64% | - | -8.61% | -51.42% | 308.73% | - | 731.19% | -15.83% | - | 191.65% | - |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 9,141 | 208 | 1,888 | 1,662 | 1,944 | -727 | 1,397 | 1,033 | 2,755 | 947 | 591 | 4,533 | 3,503 | 3,600 | - | 1,813 | - | 2,018 | 3,193 | -1,525 |
Free Cash Flow Per Share | 31.52 | 0.70 | 6.29 | 5.47 | 6.33 | -2.32 | 4.35 | 3.11 | 7.87 | 2.62 | 1.57 | 11.45 | 8.36 | 8.05 | - | 3.67 | - | 3.55 | 5.24 | -2.39 |
Dividend Per Share | 1.000 | 1.000 | 1.000 | 1.000 | 0.910 | 0.910 | 0.910 | 0.910 | 0.825 | 0.825 | 0.825 | 0.825 | 0.750 | 0.750 | - | 0.750 | 0.580 | 0.580 | 0.580 | 0.580 |
Dividend Growth (YoY) | 9.89% | 9.89% | 9.89% | 9.89% | 10.30% | 10.30% | 10.30% | 10.30% | 10.00% | 10.00% | - | 10.00% | 29.31% | 29.31% | - | 29.31% | 0% | 0% | 0% | 0% |
Gross Margin | 17.32% | 9.10% | 12.00% | 10.54% | 11.39% | 7.15% | 7.97% | 8.57% | 10.65% | 10.29% | 10.82% | 15.34% | 13.25% | 16.16% | - | 15.62% | 18.21% | 8.34% | 9.18% | 9.01% |
Operating Margin | 13.56% | 3.56% | 6.29% | 4.97% | 5.82% | 1.43% | 2.67% | 3.24% | 5.69% | 4.76% | 5.83% | 10.78% | 8.52% | 11.30% | - | 11.87% | 15.00% | 4.22% | 4.54% | 3.72% |
Profit Margin | 9.86% | 1.49% | 4.68% | 3.92% | 3.59% | -0.23% | 1.11% | 1.77% | 3.98% | 2.84% | 3.97% | 7.95% | 6.08% | 7.79% | - | 9.73% | 10.86% | 2.21% | 2.18% | 2.14% |
Free Cash Flow Margin | 17.55% | 0.60% | 5.76% | 4.77% | 5.74% | -2.30% | 4.21% | 2.94% | 7.25% | 2.87% | 1.62% | 10.99% | 9.57% | 10.30% | - | 3.94% | - | 5.27% | 9.01% | -4.69% |
EBITDA | 7,901 | 2,032 | 2,890 | 2,574 | 2,762 | 1,245 | 1,712 | 1,986 | 2,999 | 2,398 | 2,958 | 5,293 | 3,952 | 4,748 | - | 6,256 | 8,929 | 2,418 | 2,423 | 2,044 |
EBITDA Margin | 15.17% | 5.91% | 8.81% | 7.38% | 8.15% | 3.94% | 5.16% | 5.65% | 7.89% | 7.27% | 8.10% | 12.83% | 10.79% | 13.59% | - | 13.60% | 16.52% | 6.32% | 6.84% | 6.29% |
D&A For EBITDA | 838 | 809 | 828 | 841 | 789 | 793 | 826 | 846 | 838 | 827 | 828 | 845 | 834 | 800 | 797 | 794 | 819 | 805 | 813 | 836 |
EBIT | 7,063 | 1,223 | 2,062 | 1,733 | 1,973 | 452 | 886 | 1,140 | 2,161 | 1,571 | 2,130 | 4,448 | 3,118 | 3,948 | - | 5,462 | 8,110 | 1,613 | 1,610 | 1,208 |
EBIT Margin | 13.56% | 3.56% | 6.29% | 4.97% | 5.82% | 1.43% | 2.67% | 3.24% | 5.69% | 4.76% | 5.83% | 10.78% | 8.52% | 11.30% | - | 11.87% | 15.00% | 4.22% | 4.54% | 3.72% |
Effective Tax Rate | 20.68% | 17.70% | 15.82% | 19.14% | 14.27% | 9.66% | 12.39% | 10.02% | 16.02% | 18.25% | 17.82% | 21.66% | 18.43% | 21.07% | - | 22.12% | 22.44% | 19.39% | 18.03% | - |
Revenue as Reported | 52,337 | 34,568 | 33,422 | 35,849 | 34,101 | 31,850 | 33,466 | 35,373 | 38,362 | 33,211 | 36,823 | 41,583 | 36,824 | 35,077 | - | 47,237 | 54,238 | 38,384 | 35,608 | 32,613 |