Growth Metrics

Marqeta (MQ) Cost of Revenue (2020 - 2025)

Marqeta (MQ) has disclosed Cost of Revenue for 6 consecutive years, with -$115.1 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue fell 406.16% to -$115.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$22.6 million through Dec 2025, down 114.56% year-over-year, with the annual reading at $20.4 million for FY2025, 86.85% down from the prior year.
  • Cost of Revenue for Q4 2025 was -$115.1 million at Marqeta, down from $48.7 million in the prior quarter.
  • The five-year high for Cost of Revenue was $146.5 million in Q2 2023, with the low at -$285.0 million in Q4 2022.
  • Average Cost of Revenue over 5 years is $28.2 million, with a median of $39.1 million recorded in 2024.
  • The sharpest move saw Cost of Revenue tumbled 457.99% in 2022, then soared 2833.05% in 2023.
  • Over 5 years, Cost of Revenue stood at $79.6 million in 2021, then crashed by 457.99% to -$285.0 million in 2022, then soared by 112.49% to $35.6 million in 2023, then increased by 5.61% to $37.6 million in 2024, then crashed by 406.16% to -$115.1 million in 2025.
  • According to Business Quant data, Cost of Revenue over the past three periods came in at -$115.1 million, $48.7 million, and $3.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.