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.

• On a quarterly basis, Cost of Revenue fell 91.17% year-over-year to $3.6 million in Q1 2026; TTM through Mar 2026 was -$16.4 million, a 107.02% decrease from a year earlier, with the FY2025 full-year figure at $20.4 million, down 86.85% from the prior year.
• Cost of Revenue for Q1 2026 stood at $3.6 million, up from -$115.1 million in the prior quarter.
• Over the last five years, Cost of Revenue for MQ reached as high as $146.5 million in Q2 2023 and fell as low as -$293.1 million in Q4 2023.
• Historically, Cost of Revenue has averaged $9.6 million across 5 years, with a median of $40.4 million in 2025.
• Across the five-year window, Cost of Revenue surged 2977.31% in 2022 and slumped 180.08% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at -$285.0 million in 2022, then retreated by 2.84% to -$293.1 million in 2023, then surged by 149.03% to $143.7 million in 2024, then slumped by 180.08% to -$115.1 million in 2025, then soared by 103.1% to $3.6 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $3.6 million in Q1 2026, -$115.1 million in Q4 2025, and $48.7 million in Q3 2025.