Marqeta (MQ) Operating Margin (2020 - 2026)
Marqeta's Operating Margin came in at 2.07% for Q2 2026, up 8.20 percentage points from -6.14% a year earlier and up 0.80 percentage points from the prior quarter.
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Analysis
Marqeta (MQ) Operating Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Marqeta reported Operating Margin of -1.91%, up 17.51 percentage points year-over-year; for FY2025, it came in at -7.43%, down 2.60 percentage points from FY2024.
- Operating Margin carries a five-year change of +8.79 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -4.83% in FY2024 (+37.03 pp), -41.86% in FY2023 (-13.81 pp), -28.04% in FY2022 (+3.28 pp) and -31.33% in FY2021 (-15.10 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q2 2024.
- Year-over-year, Operating Margin has increased for four consecutive quarters, with an average year-over-year change of +7.76 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2024 (a gain of 113.89 percentage points), and the weakest in Q2 2025 (a drop of 89.99 percentage points).
- Business Quant data shows MQ's Operating Margin at 1.26% (Q1 2026), -4.82% (Q4 2025) and -6.35% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.12 Bn | 8.34 Bn | - | 16.44% |
| 2 | Block | 47.09 Bn | 18.38 Bn | 3.17 Bn | 6.75% |
| 3 | Coinbase Global | 45.32 Bn | 2.13 Bn | - | -9.30% |
| 4 | Corpay | 26.77 Bn | 16.65 Bn | - | 35.28% |
| 5 | Fiserv | 25.66 Bn | 22.33 Bn | 2.90 Bn | 19.18% |
| 6 | Global Payments | 23.03 Bn | 822.89 Mn | 2.03 Bn | 10.15% |
| 7 | Guidewire Software | 15.48 Bn | 12.05 Bn | 269.68 Mn | 15.16% |
| 8 | Bitmine Immersion Technologies | 12.70 Bn | 10.08 Bn | 40.81 Mn | -25.50% |
| 9 | Chime Financial | 11.64 Bn | 7.43 Bn | 594.87 Mn | 3.18% |
| 10 | Marqeta | 1.99 Bn | -1.02 Bn | 121.87 Mn | 2.07% |
Historic Data
Download Data
Historic 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% |
API Access
Marqeta Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();