Marqeta (MQ) Operating Margin (2020 - 2026)
Marqeta (MQ) posted quarterly Operating Margin of 1.26% for Q1 2026, up 1459.0% year-over-year from 0.08% in Q1 2025, and up 126.21% quarter-over-quarter from 4.82% in Q4 2025.
Marqeta (MQ) Operating Margin (2020 - 2026) Analysis & Trends
Marqeta (MQ) has reported Operating Margin for 7 consecutive years, with 1.26% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 1459.0% year-over-year to 1.26%; the TTM figure through Mar 2026 stood at 3.96% (down 526.0% YoY), while the FY2025 annual figure was 7.43%, down 260.0% from the prior year.
- Operating Margin grew to 1.26% in Q1 2026 per MQ's latest filing, from 4.82% in the prior quarter.
- Across five years, Operating Margin topped out at 83.85% in Q2 2024 and bottomed at 64.12% in Q3 2023.
- Historically, Operating Margin has averaged 20.15% across 5 years, with a median of 27.56% in 2024.
- Annual changes were most pronounced in 2024 — Operating Margin jumped 11389 bps — and 2025, when it slumped 8999 bps.
- Marqeta's Operating Margin stood at 26.65% in 2022, then tumbled by 78 bps to 47.41% in 2023, then jumped by 42 bps to 27.56% in 2024, then surged by 83 bps to 4.82% in 2025, then surged by 126 bps to 1.26% in 2026.
- Business Quant data shows MQ's Operating Margin at 1.26% in Q1 2026, 4.82% in Q4 2025, and 6.35% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 45.11% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 47.12% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 31.97% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -6.10% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 33.66% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -29.55% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 8.43% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -1.90% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 6.75% |
| 10 | Marqeta | 1.63 Bn | 928.54 Mn | 121.87 Mn | 2.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.07% |
| Mar 31, 2026 | 1.26% |
| Dec 31, 2025 | -4.82% |
| Sep 30, 2025 | -6.35% |
| Jun 30, 2025 | -6.14% |
| Mar 31, 2025 | -13.33% |
| Dec 31, 2024 | -27.56% |
| Sep 30, 2024 | -33.00% |
| Jun 30, 2024 | 83.85% |
| Mar 31, 2024 | -42.26% |
| Dec 31, 2023 | -47.41% |
| Sep 30, 2023 | -64.12% |
| Jun 30, 2023 | -30.04% |
| Mar 31, 2023 | -40.23% |
| Dec 31, 2022 | -26.65% |
| Sep 30, 2022 | -31.05% |
| Jun 30, 2022 | -25.03% |
| Mar 31, 2022 | -29.66% |
| Dec 31, 2021 | -24.28% |
| Sep 30, 2021 | -34.70% |