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
DateValue
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%