Marathon Petroleum (MPC) income statement
NYSE · Energy · Oil & Gas Refining & Marketing · 18,500 employees · CEO Maryann T. Mannen
- Price
- $444.73 +2.83%
- Market cap
- $125B
- Enterprise value
- $151B
- Last report
- Q2 '26 filed 2026-08-04
- Next report
- 2026-11-03 EPS est. $25.37
Marathon Petroleum (MPC) reported revenue of $52B for Q2 '26 (+53.8% year on year), operating income of $7.32B (14.1% of revenue) and net income of $5.14B. Over the last four quarters revenue was $154B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.9B | $36.3B | $32.7B | $37.9B | $35.1B | $33.1B | $31.5B | $33.8B | $34.8B | $32.6B | $34.6B | $52B | |
| Cost of revenue | $35.8B | $33.4B | $30.4B | $34.8B | $33B | $31.4B | $30.2B | $30.8B | $32B | $29.7B | $31.3B | $43.1B | |
| Gross profit | $5.14B | $2.85B | $2.29B | $3.13B | $2.12B | $1.75B | $1.36B | $2.99B | $2.77B | $2.89B | $3.31B | $8.93B | |
| General & administrative | $804M | $820M | $779M | $823M | $815M | $804M | $783M | $867M | $863M | $836M | $867M | $0 | |
| Other operating expenses | -$413M | $198M | -$277M | -$214M | -$47M | $137M | $227M | $223M | $232M | $203M | $1.04B | $714M | |
| Operating expenses | $391M | $1.02B | $502M | $609M | $768M | $941M | $1.01B | $1.09B | $1.1B | $1.04B | $1.9B | $1.61B | |
| Operating income | $4.75B | $1.83B | $1.78B | $2.52B | $1.35B | $812M | $354M | $1.9B | $1.67B | $1.85B | $1.4B | $7.32B | |
| Interest income | $182M | $191M | $140M | $136M | $122M | $69M | $46M | $31M | $41M | $41M | $33M | $61M | |
| Interest expense | $320M | $323M | $330M | $341M | $351M | $322M | $345M | $344M | $341M | $378M | $398M | $433M | |
| Other non-operating income (gains on investments, FX ...) | -$202M | -$775M | -$150M | -$134M | -$116M | -$428M | -$363M | -$326M | -$1.07B | -$905M | $181M | -$93M | |
| Total non-operating income | -$118M | $457M | -$179M | -$194M | -$221M | $84M | $29M | -$17M | $730M | $505M | -$370M | -$340M | |
| Income before tax | $4.64B | $2.28B | $1.61B | $2.33B | $1.13B | $896M | $383M | $1.88B | $2.4B | $2.35B | $1.03B | $6.98B | |
| Income tax | $1B | $407M | $293M | $373M | $113M | $111M | $37M | $268M | $460M | $372M | $183M | $1.44B | |
| Net income | $3.28B | $1.45B | $937M | $1.52B | $622M | $371M | -$74M | $1.22B | $1.37B | $1.54B | $511M | $5.14B | |
| EPS (basic) | $8.32 | $3.85 | $2.59 | $4.34 | $1.88 | $1.16 | -$0.24 | $3.96 | $4.51 | $5.13 | $1.73 | $17.68 | |
| EPS (diluted) | $8.28 | $3.84 | $2.59 | $4.33 | $1.87 | $1.16 | -$0.24 | $3.96 | $4.51 | $5.13 | $1.73 | $17.68 | |
| Shares (basic, weighted) | 394M | 376M | 361M | 349M | 331M | 320M | 313M | 309M | 303M | 299M | 295M | 291M | |
| Shares (diluted, weighted) | 396M | 377M | 362M | 350M | 332M | 321M | 313M | 309M | 304M | 299M | 295M | 291M | |
| Depreciation & amortization | $845M | $828M | $827M | $838M | $846M | $826M | $793M | $789M | $841M | $828M | $809M | $838M | |
| EBITDA | $5.8B | $3.43B | $2.76B | $3.49B | $2.31B | $2.07B | $1.51B | $3.01B | $3.59B | $3.58B | $2.03B | $8.25B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.3B | $74.7B | $86.1B | $111B | $69.8B | $120B | $177B | $148B | $139B | $133B | |
| Cost of revenue | $58.8B | $69.2B | $79.2B | $102B | $69.1B | $113B | $155B | $132B | $130B | $123B | |
| Gross profit | $4.52B | $5.53B | $6.87B | $8.7B | $671M | $6.61B | $22.6B | $16.5B | $9.29B | $10B | |
| General & administrative | $1.6B | $1.69B | $2.28B | $3.19B | $2.71B | $2.54B | $2.77B | $3.04B | $3.22B | $3.35B | |
| Other operating expenses | $540M | -$182M | -$97M | $1.04B | $10.2B | -$226M | $825M | $881M | $818M | $885M | |
| Operating expenses | $2.14B | $1.51B | $2.18B | $4.23B | $12.9B | $2.31B | $3.6B | $3.92B | $4.04B | $4.23B | |
| Operating income | $2.39B | $4.02B | $4.69B | $4.46B | -$12.2B | $4.3B | $19B | $12.6B | $5.25B | $5.77B | |
| Interest income | $6M | $27M | $87M | $40M | $9M | $14M | $221M | $672M | $467M | $159M | |
| Interest expense | $562M | $652M | $973M | $1.27B | $1.37B | $1.3B | $1.22B | $1.28B | $1.34B | $1.41B | |
| Other non-operating income (gains on investments, FX ...) | $26M | $49M | $48M | -$2M | $32M | $216M | -$2.7B | -$2.67B | -$2.02B | -$2.66B | |
| Total non-operating income | -$564M | -$674M | -$993M | -$1.23B | -$1.37B | -$1.48B | $1.5B | $1.4B | $709M | $1.25B | |
| Income before tax | $1.82B | $3.34B | $3.7B | $3.23B | -$13.6B | $2.82B | $20.5B | $14B | $5.96B | $7.02B | |
| Income tax | $609M | -$460M | $764M | $784M | -$2.43B | $264M | $4.49B | $2.82B | $890M | $1.14B | |
| Net income | $1.17B | $3.43B | $2.78B | $2.64B | -$9.83B | $9.74B | $14.5B | $9.68B | $3.45B | $4.05B | |
| EPS (basic) | $2.22 | $6.77 | $5.36 | $4.00 | -$15.14 | $2.71 | $28.34 | $23.76 | $10.12 | $13.27 | |
| EPS (diluted) | $2.21 | $6.70 | $5.28 | $3.97 | -$15.14 | $2.69 | $28.12 | $23.65 | $10.09 | $13.27 | |
| Shares (basic, weighted) | 530M | 512M | 518M | 659M | 649M | 634M | 512M | 407M | 341M | 305M | |
| Shares (diluted, weighted) | 531M | 512M | 526M | 664M | 649M | 638M | 516M | 409M | 341M | 305M | |
| Depreciation & amortization | $2B | $2.11B | $2.17B | $3.23B | $3.38B | $3.36B | $3.22B | $3.31B | $3.34B | $3.25B | |
| EBITDA | $4.36B | $6.08B | $6.81B | $7.69B | -$8.9B | $7.45B | $24.9B | $18.6B | $10.6B | $11.7B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01