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| 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 |