Marqeta (MQ) Cost of Revenue (2020 - 2025)
Marqeta (MQ) has disclosed Cost of Revenue for 6 consecutive years, with $92.3 million as the latest value for Q4 2025.
- On a quarterly basis, Cost of Revenue fell 35.8% to $92.3 million in Q4 2025 year-over-year; TTM through Dec 2025 was $187.6 million, a 28.19% decrease, with the full-year FY2025 number at $187.6 million, up 20.93% from a year prior.
- Cost of Revenue was $92.3 million for Q4 2025 at Marqeta, up from $8.6 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $306.8 million in Q4 2022 to a low of -$192.3 million in Q4 2021.
- A 5-year average of $61.9 million and a median of $46.1 million in 2024 define the central range for Cost of Revenue.
- Biggest YoY gain for Cost of Revenue was 6738.42% in 2021; the steepest drop was 471.67% in 2021.
- Marqeta's Cost of Revenue stood at -$192.3 million in 2021, then soared by 259.53% to $306.8 million in 2022, then crashed by 88.4% to $35.6 million in 2023, then soared by 303.8% to $143.7 million in 2024, then tumbled by 35.8% to $92.3 million in 2025.
- Per Business Quant, the three most recent readings for MQ's Cost of Revenue are $92.3 million (Q4 2025), $8.6 million (Q3 2025), and $46.3 million (Q2 2025).