Marqeta (MQ) Operating Expenses (2020 - 2026)
Marqeta's (MQ) quarterly Operating Expenses came in at $118.2 million in Q2 2026, up 4.37% year-over-year from $113.3 million in Q2 2025, and up 2.37% quarter-over-quarter from $115.5 million in Q1 2026.
Analysis
Marqeta (MQ) Operating Expenses (2020 - 2026) Analysis & Trends
Marqeta (MQ) has reported Operating Expenses for 7 consecutive years, with $118.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 4.37% year-over-year to $118.2 million in Q2 2026; TTM through Jun 2026 was $486.9 million, a 2.32% decrease from a year earlier, with the FY2025 full-year figure at $483.7 million, up 28.54% from the prior year.
- Operating Expenses was $118.2 million for Q2 2026 at Marqeta, up from $115.5 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 $124.2 million and a median of $130.3 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 116.68% in 2024 and surged 541.0% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $141.4 million in 2022, then dropped by 1.33% to $139.6 million in 2023, then declined by 2.82% to $135.6 million in 2024, then fell by 5.43% to $128.3 million in 2025, then slipped by 7.82% to $118.2 million in 2026.
- The last three Operating Expenses figures came in at $118.2 million (Q2 2026), $115.5 million (Q1 2026), and $128.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 47.96 Bn | 41.53 Bn | 3.17 Bn | 2.72 Bn |
| 2 | PayPal Holdings | 46.69 Bn | 35.44 Bn | - | 7.26 Bn |
| 3 | Fiserv | 26.99 Bn | 26.36 Bn | 3.59 Bn | 4.28 Bn |
| 4 | Corpay | 26.69 Bn | 19.68 Bn | 1.19 Bn | 260.40 Mn |
| 5 | Global Payments | 24.17 Bn | 18.76 Bn | 2.03 Bn | 2.98 Bn |
| 6 | Wex | 6.49 Bn | 384.52 Mn | 463.80 Mn | 233.50 Mn |
| 7 | Aci Worldwide | 5.27 Bn | 5.10 Bn | 181.57 Mn | 385.77 Mn |
| 8 | Paymentus Holdings | 4.46 Bn | 4.08 Bn | 94.31 Mn | 61.69 Mn |
| 9 | dLocal | 4.35 Bn | 3.47 Bn | 127.15 Mn | -46.35 Mn |
| 10 | Marqeta | 1.71 Bn | 1.01 Bn | 121.87 Mn | 118.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 118.24 Mn |
| 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 |