Marqeta (MQ) Net Margin (2020 - 2026)
Marqeta's (MQ) quarterly Net Margin came in at 4.3% in Q2 2026, up 473.0% year-over-year from 0.75% in Q2 2025, and down 8.92% quarter-over-quarter from 4.72% in Q1 2026.
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Analysis
Marqeta (MQ) Net Margin (2020 - 2026) Analysis & Trends
Marqeta (MQ) has reported Net Margin for 7 consecutive years, with 4.3% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 473.0% year-over-year to 4.3% in Q2 2026; TTM through Jun 2026 was 1.53%, a 1322.0% increase from a year earlier, with the FY2025 full-year figure at 2.23%, down 761.0% from the prior year.
- Net Margin was 4.3% for Q2 2026 at Marqeta, down from 4.72% in the prior quarter.
- Over five years, Net Margin peaked at 95.04% in Q2 2024 and troughed at 50.5% in Q3 2023.
- A 5-year average of 12.27% and a median of 21.18% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 12048 bps in 2024 and sank 9547 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 12.93% in 2022, then slumped by 163 bps to 33.99% in 2023, then jumped by 41 bps to 19.97% in 2024, then jumped by 96 bps to 0.81% in 2025, then jumped by 631 bps to 4.3% in 2026.
- The last three Net Margin figures came in at 4.3% (Q2 2026), 4.72% (Q1 2026), and 0.81% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 47.96 Bn | 41.53 Bn | 3.17 Bn | 1.32% |
| 2 | PayPal Holdings | 46.69 Bn | 35.44 Bn | - | 12.72% |
| 3 | Fiserv | 26.99 Bn | 26.36 Bn | 3.59 Bn | 11.70% |
| 4 | Corpay | 26.69 Bn | 19.68 Bn | 1.19 Bn | 18.81% |
| 5 | Global Payments | 24.17 Bn | 18.76 Bn | 2.03 Bn | 0.22% |
| 6 | Wex | 6.49 Bn | 384.52 Mn | 463.80 Mn | 14.41% |
| 7 | Aci Worldwide | 5.27 Bn | 5.10 Bn | 181.57 Mn | 7.39% |
| 8 | Paymentus Holdings | 4.46 Bn | 4.08 Bn | 94.31 Mn | 7.09% |
| 9 | dLocal | 4.35 Bn | 3.47 Bn | 127.15 Mn | 13.67% |
| 10 | Marqeta | 1.71 Bn | 1.01 Bn | 121.87 Mn | 4.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.30% |
| Mar 31, 2026 | 4.72% |
| Dec 31, 2025 | -0.81% |
| Sep 30, 2025 | -2.22% |
| Jun 30, 2025 | -0.43% |
| Mar 31, 2025 | -5.94% |
| Dec 31, 2024 | -19.97% |
| Sep 30, 2024 | -22.38% |
| Jun 30, 2024 | 95.04% |
| Mar 31, 2024 | -30.57% |
| Dec 31, 2023 | -33.99% |
| Sep 30, 2023 | -50.50% |
| Jun 30, 2023 | -25.44% |
| Mar 31, 2023 | -31.64% |
| Dec 31, 2022 | -12.93% |
| Sep 30, 2022 | -27.75% |
| Jun 30, 2022 | -23.94% |
| Mar 31, 2022 | -36.45% |
| Dec 31, 2021 | -23.68% |
| Sep 30, 2021 | -34.77% |