Marqeta (MQ) Research & Development (2020 - 2026)
Marqeta (MQ) posted quarterly 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 reported Research & Development for 7 consecutive years, with $18.1 million the latest figure, recorded in 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 climbed to $18.1 million in Q1 2026 per MQ's latest filing, from $17.2 million in the prior quarter.
- Across five years, Research & Development topped out at $18.1 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Research & Development surged 102.35% — and 2024, when it declined 10.09%.
- Marqeta's Research & Development stood at $14.4 million in 2022, then retreated by 3.22% to $13.9 million in 2023, then gained by 13.75% to $15.9 million in 2024, then grew by 8.17% to $17.2 million in 2025, then grew 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Marqeta | 1.63 Bn | 928.54 Mn | 121.87 Mn | 18.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.39 Mn |
| 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 |