Marqeta (MQ) Cost of Revenue (2020 - 2026)

Marqeta (MQ) has 7 years of Cost of Revenue data on file, last reported at $3.6 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $3.6 million, down 9.58% year-over-year; the trailing twelve-month figure through Mar 2026 was $103.1 million (up 320.33% YoY), and the FY2025 annual result was $20.4 million, up 21.56% from the prior year.
• Cost of Revenue fell to $3.6 million in Q1 2026 per MQ's latest filing, from $4.5 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $407.4 million in Q4 2022 and troughed at -$100.8 million in Q4 2024.
• A 5-year average of $79.4 million and a median of $45.9 million in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue surged 2833.05% in 2023, then plunged 130.31% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $407.4 million in 2022, then slipped by 18.4% to $332.5 million in 2023, then sank by 130.31% to -$100.8 million in 2024, then jumped by 104.44% to $4.5 million in 2025, then decreased by 20.35% to $3.6 million in 2026.
• Business Quant data shows MQ's Cost of Revenue at $3.6 million in Q1 2026, $4.5 million in Q4 2025, and $48.7 million in Q3 2025.