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

Marqeta (MQ) has reported Cost of Revenue for 7 consecutive years, with $54.1 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 16.82% year-over-year to $54.1 million in Q2 2026; TTM through Jun 2026 was $203.2 million, a 25.33% increase from a year earlier, with the FY2025 full-year figure at $187.6 million, up 20.93% from the prior year.
• Cost of Revenue was $54.1 million for Q2 2026 at Marqeta, up from $48.2 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $146.5 million in Q2 2023 and troughed at $33.8 million in Q1 2024.
• A 5-year average of $67.8 million and a median of $48.5 million in 2025 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue surged 57.2% in 2022 and sank 73.63% in 2024, its largest moves.
• Over 5 years, Cost of Revenue stood at $116.7 million in 2022, then sank by 69.5% to $35.6 million in 2023, then advanced by 5.61% to $37.6 million in 2024, then surged by 38.71% to $52.1 million in 2025, then advanced by 3.81% to $54.1 million in 2026.
• The last three Cost of Revenue figures came in at $54.1 million (Q2 2026), $48.2 million (Q1 2026), and $52.1 million (Q4 2025), per Business Quant data.