Marqeta (MQ) Gross Margin (2020 - 2026)
Marqeta's (MQ) quarterly Gross Margin came in at 70.92% in Q1 2026, down 3.0% year-on-year from 73.12% in Q1 2025, and up 1.75% on a QoQ basis from 69.71% in Q4 2025.
Marqeta (MQ) Gross Margin (2020 - 2026) Analysis & Trends
Marqeta (MQ) has 7 years of Gross Margin data on file, last reported at 70.92% in Q1 2026.
- On a quarterly basis, Gross Margin fell 3.0% year-over-year to 70.92% in Q1 2026; TTM through Mar 2026 was 70.01%, a 63.0% increase from a year earlier, with the FY2025 full-year figure at 69.98%, up 58.0% from the prior year.
- Gross Margin for Q1 2026 stood at 70.92%, up from 69.71% in the prior quarter.
- Over the last five years, Gross Margin for MQ reached as high as 72.32% in Q4 2024 and fell as low as 36.61% in Q2 2023.
- Historically, Gross Margin has averaged 59.65% across 5 years, with a median of 69.19% in 2025.
- Across the five-year window, Gross Margin plunged 602 bps in 2022 and jumped 3032 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 42.75% in 2022, then surged by 64 bps to 70.05% in 2023, then increased by 3 bps to 72.32% in 2024, then dropped by 4 bps to 69.71% in 2025, then climbed by 2 bps to 70.92% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 70.92% in Q1 2026, 69.71% in Q4 2025, and 70.15% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,915.52 Bn | 2,791.08 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,700.66 Bn | 2,700.66 Bn | 358.92 Mn | 37.74% |
| 3 | Oracle | 338.04 Bn | 306.14 Bn | - | - |
| 4 | Repay Holdings | 336.93 Bn | 336.78 Bn | - | - |
| 5 | Palantir Technologies | 296.21 Bn | 288.18 Bn | 1.42 Bn | 86.78% |
| 6 | Palo Alto Networks | 221.88 Bn | 217.34 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 180.13 Bn | 177.03 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 108.22 Bn | 104.92 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 93.59 Bn | 92.65 Bn | 455.60 Mn | 71.21% |
| 10 | Marqeta | 1.93 Bn | 1.22 Bn | 117.59 Mn | 70.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 70.92% |
| Dec 31, 2025 | 69.71% |
| Sep 30, 2025 | 70.15% |
| Jun 30, 2025 | 69.19% |
| Mar 31, 2025 | 70.95% |
| Dec 31, 2024 | 72.32% |
| Sep 30, 2024 | 70.43% |
| Jun 30, 2024 | 63.35% |
| Mar 31, 2024 | 71.34% |
| Dec 31, 2023 | 70.05% |
| Sep 30, 2023 | 66.59% |
| Jun 30, 2023 | 36.61% |
| Mar 31, 2023 | 41.02% |
| Dec 31, 2022 | 42.75% |
| Sep 30, 2022 | 41.80% |
| Jun 30, 2022 | 41.81% |
| Mar 31, 2022 | 44.99% |
| Dec 31, 2021 | 48.77% |
| Sep 30, 2021 | 44.92% |
| Jun 30, 2021 | 38.42% |