Marqeta (MQ) Operating Expenses (2020 - 2026)
Marqeta (MQ) reported Operating Expenses of $115.5 million for Q1 2026, down 1.47% year-over-year from $117.2 million in Q1 2025, and down 9.96% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $115.5 million, down 1.47% year-over-year; the trailing twelve-month figure through Mar 2026 was $482.0 million (up 34.06% YoY), and the FY2025 annual result was $483.7 million, up 28.54% from the prior year.
- Operating Expenses retreated to $115.5 million in Q1 2026 per MQ's latest filing, from $128.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $176.6 million in Q1 2023 and troughed at -$25.7 million in Q2 2024.
- A 5-year average of $124.6 million and a median of $132.4 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 116.68% in 2024, then soared 541.0% in 2025.
- A 5-year view of Operating Expenses shows it stood at $141.4 million in 2022, then declined by 1.33% to $139.6 million in 2023, then fell by 2.82% to $135.6 million in 2024, then retreated by 5.43% to $128.3 million in 2025, then retreated by 9.96% to $115.5 million in 2026.
- Business Quant data shows MQ's Operating Expenses at $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 | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Marqeta | 1.65 Bn | 933.77 Mn | 117.59 Mn | 115.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |