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| 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 |