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

Marqeta has disclosed Cost of Revenue across 7 years of filings, most recently posting $3.6 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 9.58% year-over-year to $3.6 million; the TTM figure through Mar 2026 stood at $103.1 million (up 320.33% YoY), while the FY2025 annual figure was $20.4 million, up 21.56% from the prior year.
• Cost of Revenue slipped to $3.6 million in Q1 2026, from $4.5 million in the prior quarter.
• Over the last five years, Cost of Revenue for MQ reached as high as $407.4 million in Q4 2022 and fell as low as -$100.8 million in Q4 2024.
• The 5-year median for Cost of Revenue is $45.9 million (2024), against an average of $79.4 million.
• Annual changes were most pronounced in 2023 — Cost of Revenue surged 2833.05% — and 2024, when it slumped 130.31%.
• 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 tumbled 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.
• According to Business Quant data, Cost of Revenue over the past three periods registered $3.6 million, $4.5 million, and $48.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.