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
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