What is Marqeta's gross margin?

Marqeta (MQ) reported gross margin of 70% in Q1 2026.

How has Marqeta's gross margin changed year-over-year?

Marqeta's gross margin increased by 0.9% year-over-year, from 69.4% to 70%.

What is the long-term trend for Marqeta's gross margin?

Over 5 years (2020 to 2025), Marqeta's gross margin has grown at a 11.5% compound annual growth rate (CAGR), from 40.6% to 70%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Marqeta MQ Gross margin

Gross margin at other companies

Global PaymentsGPN

67.3%-6.4pp

Fidelity National Information ServicesFIS

36.4%-0.7pp

SoFi Technologies, Inc.SOFI

83.6%+1.4pp

Shift4 PaymentsFOUR

35.1%+5.1pp

Atlanticus Holdings CorporationATLC

72.4%+1.4pp

Chime Financial, Inc. Class A Common StockCHYM

88.4%+0.6pp

Other financials

Income statement

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Revenue$165.8M+19.2%

Gross profit$117.6M+19.2%

Operating income$2.1M+111%

Net income$7.8M+195%

EPS (diluted)$0.02+200%

Balance sheet

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Cash & equivalents$956.1M+13.9%

Total debt$7.4M+67.7%

Total equity$742.3M-24.8%

Total assets$1.5B+9.4%

Cash flow

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Operating cash flow-$3.4M-134%

CapEx$1.3M+1.0%

Free cash flow-$4.6M-153%

Valuation

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Market cap$1.62B-16.1%

Enterprise value$675.32M-36.1%

P/E748.8×—

P/S2.5×-1.2×

Profitability

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Operating margin-4%-5.3pp

Net margin0.3%—

FCF margin22.6%+10.3pp

Returns & leverage

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Return on equity0.3%—

Debt / equity0×0.0×

Current ratio1.6×-1.5×

Where this comes from

Calculated from Marqeta’s reported figures.

gross profit/total revenue=70%

Based on trailing twelve months.

The official record: Marqeta’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marqeta's gross margin?: Marqeta (MQ) reported gross margin of 70% in Q1 2026.
How has Marqeta's gross margin changed year-over-year?: Marqeta's gross margin increased by 0.9% year-over-year, from 69.4% to 70%.
What is the long-term trend for Marqeta's gross margin?: Over 5 years (2020 to 2025), Marqeta's gross margin has grown at a 11.5% compound annual growth rate (CAGR), from 40.6% to 70%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.