Marqeta (MQ) Gross Margin (2020 - 2026)
Marqeta's Gross Margin came in at 69.25% for Q2 2026, up 0.05 percentage points from 69.19% a year earlier but down 1.68 percentage points from the prior quarter.
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Analysis
Marqeta (MQ) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Marqeta reported Gross Margin of 69.99%, down 0.70 percentage points year-over-year; for FY2025, it was 69.98%, up 0.58 percentage points from FY2024.
- Gross Margin has increased in each of the last three years, with a five-year change of +29.36 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 69.40% in FY2024 (+20.67 pp), 48.73% in FY2023 (+5.96 pp), 42.77% in FY2022 (-2.03 pp) and 44.80% in FY2021 (+4.19 pp).
- The five-year range for quarterly Gross Margin is 36.61% (Q2 2023) to 72.32% (Q4 2024).
- Year-over-year, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of +1.09 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2024 (a gain of 30.32 percentage points), and the weakest in Q4 2022 (a drop of 6.02 percentage points).
- Business Quant data shows MQ's Gross Margin at 70.92% (Q1 2026), 69.71% (Q4 2025) and 70.15% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.19 Bn | 8.42 Bn | - | - |
| 2 | Block | 46.97 Bn | 18.27 Bn | 3.17 Bn | 47.84% |
| 3 | Coinbase Global | 45.30 Bn | 2.11 Bn | - | - |
| 4 | Corpay | 26.80 Bn | 16.68 Bn | - | - |
| 5 | Fiserv | 25.67 Bn | 22.34 Bn | 2.90 Bn | 54.74% |
| 6 | Global Payments | 22.98 Bn | 766.21 Mn | 2.03 Bn | 61.04% |
| 7 | Guidewire Software | 15.50 Bn | 12.06 Bn | 269.68 Mn | 65.60% |
| 8 | Bitmine Immersion Technologies | 12.77 Bn | 10.15 Bn | 40.81 Mn | 87.70% |
| 9 | Chime Financial | 11.65 Bn | 7.45 Bn | 594.87 Mn | 88.82% |
| 10 | Marqeta | 1.99 Bn | -1.03 Bn | 121.87 Mn | 69.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.25% |
| 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% |
API Access
Marqeta Gross 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=gross-margin&ticker=MQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=MQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();