Marqeta (MQ) Operating Expenses (2020 - 2026)

Marqeta's (MQ) quarterly Operating Expenses came in at $115.5 million in Q1 2026, down 1.47% year-on-year from $117.2 million in Q1 2025, and down 9.96% on a QoQ basis from $128.3 million in Q4 2025.

Marqeta (MQ) Operating Expenses (2020 - 2026) Analysis & Trends

Marqeta (MQ) has 7 years of Operating Expenses data on file, last reported at $115.5 million in Q1 2026.

  • On a quarterly basis, Operating Expenses fell 1.47% year-over-year to $115.5 million in Q1 2026; TTM through Mar 2026 was $482.0 million, a 34.06% increase from a year earlier, with the FY2025 full-year figure at $483.7 million, up 28.54% from the prior year.
  • Operating Expenses for Q1 2026 stood at $115.5 million, down from $128.3 million in the prior quarter.
  • Over the last five years, Operating Expenses for MQ reached as high as $176.6 million in Q1 2023 and fell as low as -$25.7 million in Q2 2024.
  • Historically, Operating Expenses has averaged $124.6 million across 5 years, with a median of $132.4 million in 2024.
  • Across the five-year window, Operating Expenses tumbled 116.68% in 2024 and jumped 541.0% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $141.4 million in 2022, then decreased by 1.33% to $139.6 million in 2023, then slipped by 2.82% to $135.6 million in 2024, then dropped by 5.43% to $128.3 million in 2025, then dropped by 9.96% to $115.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $115.5 million in Q1 2026, $128.3 million in Q4 2025, and $124.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 Marqeta 1.94 Bn 1.23 Bn 117.59 Mn 115.50 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 115.50 Mn
Dec 31, 2025 128.27 Mn
Sep 30, 2025 124.93 Mn
Jun 30, 2025 113.29 Mn
Mar 31, 2025 117.22 Mn
Dec 31, 2024 135.63 Mn
Sep 30, 2024 132.36 Mn
Jun 30, 2024 -25.69 Mn
Mar 31, 2024 134.01 Mn
Dec 31, 2023 139.57 Mn
Sep 30, 2023 142.33 Mn
Jun 30, 2023 154.03 Mn
Mar 31, 2023 176.60 Mn
Dec 31, 2022 141.45 Mn
Sep 30, 2022 139.60 Mn
Jun 30, 2022 124.77 Mn
Mar 31, 2022 124.00 Mn
Dec 31, 2021 113.53 Mn
Sep 30, 2021 104.71 Mn
Jun 30, 2021 114.96 Mn