Marqeta (MQ) Research & Development (2020 - 2026)
Marqeta (MQ) posted quarterly Research & Development of $18.1 million for Q1 2026, up 22.14% YoY from $14.8 million in Q1 2025, and up 5.48% sequentially from $17.2 million in Q4 2025.
Marqeta (MQ) Research & Development (2020 - 2026) Analysis & Trends
Marqeta has disclosed Research & Development across 7 years of filings, most recently posting $18.1 million for Q1 2026.
- In Q1 2026, Research & Development rose 22.14% year-over-year to $18.1 million; the TTM figure through Mar 2026 stood at $68.3 million (up 10.58% YoY), while the FY2025 annual figure was $65.0 million, up 8.24% from the prior year.
- Research & Development advanced to $18.1 million in Q1 2026, from $17.2 million in the prior quarter.
- Over the last five years, Research & Development for MQ reached as high as $18.1 million in Q1 2026 and fell as low as $11.4 million in Q1 2022.
- The 5-year median for Research & Development is $14.6 million (2023), against an average of $14.8 million.
- Annual changes were most pronounced in 2022 — Research & Development surged 102.35% — and 2024, when it declined 10.09%.
- A 5-year view of Research & Development shows it stood at $14.4 million in 2022, then fell by 3.22% to $13.9 million in 2023, then rose by 13.75% to $15.9 million in 2024, then climbed by 8.17% to $17.2 million in 2025, then climbed by 5.48% to $18.1 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $18.1 million, $17.2 million, and $16.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.61 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 160.98 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 511.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 356.41 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 214.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 150.97 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 1.04 Bn |
| 10 | Marqeta | 1.78 Bn | 1.07 Bn | 117.59 Mn | 18.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.09 Mn |
| Dec 31, 2025 | 17.15 Mn |
| Sep 30, 2025 | 16.94 Mn |
| Jun 30, 2025 | 16.10 Mn |
| Mar 31, 2025 | 14.81 Mn |
| Dec 31, 2024 | 15.86 Mn |
| Sep 30, 2024 | 16.32 Mn |
| Jun 30, 2024 | 14.77 Mn |
| Mar 31, 2024 | 13.12 Mn |
| Dec 31, 2023 | 13.94 Mn |
| Sep 30, 2023 | 13.93 Mn |
| Jun 30, 2023 | 13.15 Mn |
| Mar 31, 2023 | 14.59 Mn |
| Dec 31, 2022 | 14.40 Mn |
| Sep 30, 2022 | 13.42 Mn |
| Jun 30, 2022 | 13.15 Mn |
| Mar 31, 2022 | 11.38 Mn |
| Dec 31, 2021 | 11.14 Mn |
| Sep 30, 2021 | 9.30 Mn |
| Jun 30, 2021 | 7.57 Mn |