Marqeta (MQ) Gross Margin (2020 - 2026)
Marqeta (MQ) reported Gross Margin of 70.92% for Q1 2026, down 3.0% year-over-year from 73.12% in Q1 2025, and up 1.75% quarter-over-quarter 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.
- Gross Margin for Q1 2026 came in at 70.92%, down 3.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 70.01% (up 63.0% YoY), and the FY2025 annual result was 69.98%, up 58.0% from the prior year.
- Gross Margin climbed to 70.92% in Q1 2026 per MQ's latest filing, from 69.71% in the prior quarter.
- Over five years, Gross Margin peaked at 72.32% in Q4 2024 and troughed at 36.61% in Q2 2023.
- A 5-year average of 59.65% and a median of 69.19% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 602 bps in 2022, then soared 3032 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 42.75% in 2022, then surged by 64 bps to 70.05% in 2023, then advanced by 3 bps to 72.32% in 2024, then retreated by 4 bps to 69.71% in 2025, then rose by 2 bps to 70.92% in 2026.
- Business Quant data shows MQ's Gross Margin at 70.92% in Q1 2026, 69.71% in Q4 2025, and 70.15% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 67.63% |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 61.73% |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 88.06% |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 86.78% |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 73.59% |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 76.12% |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 80.29% |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 73.54% |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 71.21% |
| 10 | Marqeta | 1.65 Bn | 933.77 Mn | 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% |