Marqeta (MQ) Research & Development (2020 - 2026)

Marqeta (MQ) reported Research & Development of $18.1 million for Q1 2026, up 22.14% year-over-year from $14.8 million in Q1 2025, and up 5.48% quarter-over-quarter from $17.2 million in Q4 2025.

Marqeta (MQ) Research & Development (2020 - 2026) Analysis & Trends

Marqeta (MQ) has 7 years of Research & Development data on file, last reported at $18.1 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $18.1 million, up 22.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $68.3 million (up 10.58% YoY), and the FY2025 annual result was $65.0 million, up 8.24% from the prior year.
  • Research & Development rose to $18.1 million in Q1 2026 per MQ's latest filing, from $17.2 million in the prior quarter.
  • Over five years, Research & Development peaked at $18.1 million in Q1 2026 and troughed at $11.4 million in Q1 2022.
  • A 5-year average of $14.8 million and a median of $14.6 million in 2023 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2024: Research & Development surged 102.35% in 2022, then declined 10.09% in 2024.
  • 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.
  • Business Quant data shows MQ's Research & Development at $18.1 million in Q1 2026, $17.2 million in Q4 2025, and $16.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Microsoft 2,903.35 Bn 2,825.07 Bn 56.06 Bn 8.92 Bn
2 Alarum Technologies 1,127.45 Bn 1,113.30 Bn 7.23 Mn 2.30 Mn
3 Oracle 528.84 Bn 490.27 Bn 15.14 Bn 2.61 Bn
4 Palantir Technologies 306.36 Bn 298.44 Bn 1.42 Bn 160.98 Mn
5 Palo Alto Networks 194.33 Bn 189.79 Bn 1.91 Bn 511.00 Mn
6 CrowdStrike Holdings 171.19 Bn 168.13 Bn 993.68 Mn 356.41 Mn
7 Fortinet 108.13 Bn 104.84 Bn 1.49 Bn 214.00 Mn
8 Synopsys 86.21 Bn 86.09 Bn 1.77 Bn 714.99 Mn
9 Cloudflare 80.35 Bn 79.41 Bn 455.60 Mn 150.97 Mn
10 Marqeta 1.65 Bn 933.77 Mn 117.59 Mn 18.09 Mn

Historic Data

Download Data
DateValue
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