Marqeta (MQ) FCF Margin (2020 - 2026)
Marqeta's FCF Margin came in at 35.78% for Q2 2026, up 27.66 percentage points from 8.12% a year earlier and up 38.58 percentage points from the prior quarter.
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Analysis
Marqeta (MQ) FCF Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Marqeta reported FCF Margin of 29.26%, up 19.73 percentage points year-over-year; for FY2025, it was 25.73%, up 14.73 percentage points from FY2024.
- FCF Margin has increased in each of the last three years, with a five-year change of +9.23 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 11.00% in FY2024 (+7.99 pp), 3.01% in FY2023 (+5.05 pp), -2.04% in FY2022 (-12.53 pp) and 10.49% in FY2021 (-6.01 pp).
- The five-year range for quarterly FCF Margin is -28.52% (Q1 2022) to 52.89% (Q3 2025).
- Year-over-year, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +5.79 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q3 2025 (a gain of 47.35 percentage points), and the weakest in Q1 2022 (a drop of 44.51 percentage points).
- Business Quant data shows MQ's FCF Margin at -2.80% (Q1 2026), 31.07% (Q4 2025) and 52.89% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 16.17% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 20.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 14.61% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 351.43% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 105.74% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 18.61% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 12.86% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 62.27% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 68.54% |
| 10 | Marqeta | 1.76 Bn | -1.26 Bn | 121.87 Mn | 35.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.78% |
| Mar 31, 2026 | -2.80% |
| Dec 31, 2025 | 31.07% |
| Sep 30, 2025 | 52.89% |
| Jun 30, 2025 | 8.12% |
| Mar 31, 2025 | 6.27% |
| Dec 31, 2024 | 18.20% |
| Sep 30, 2024 | 5.54% |
| Jun 30, 2024 | 19.72% |
| Mar 31, 2024 | -0.65% |
| Dec 31, 2023 | 13.87% |
| Sep 30, 2023 | 37.70% |
| Jun 30, 2023 | -11.28% |
| Mar 31, 2023 | -5.12% |
| Dec 31, 2022 | 7.02% |
| Sep 30, 2022 | -2.50% |
| Jun 30, 2022 | 12.08% |
| Mar 31, 2022 | -28.52% |
| Dec 31, 2021 | 35.47% |
| Sep 30, 2021 | -4.27% |
API Access
Marqeta FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=MQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=MQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();