Marqeta (MQ) Research & Development (2020 - 2026)
Marqeta's (MQ) quarterly Research & Development came in at $18.1 million in Q1 2026, up 22.14% year-on-year from $14.8 million in Q1 2025, and up 5.48% on a QoQ basis 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.
- On a quarterly basis, Research & Development rose 22.14% year-over-year to $18.1 million in Q1 2026; TTM through Mar 2026 was $68.3 million, a 10.58% increase from a year earlier, with the FY2025 full-year figure at $65.0 million, up 8.24% from the prior year.
- Research & Development for Q1 2026 stood at $18.1 million, up 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.
- Historically, Research & Development has averaged $14.8 million across 5 years, with a median of $14.6 million in 2023.
- Across the five-year window, Research & Development soared 102.35% in 2022 and slipped 10.09% in 2024, its largest moves.
- Year by year, Research & Development stood at $14.4 million in 2022, then slipped by 3.22% to $13.9 million in 2023, then climbed by 13.75% to $15.9 million in 2024, then rose by 8.17% to $17.2 million in 2025, then rose by 5.48% to $18.1 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $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 | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | - |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 271.60 Mn |
| 10 | Marqeta | 1.94 Bn | 1.23 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 |