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Marqeta MQ Business Segments — Gross Profit

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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$1.74B-34.7%
Enterprise value$788.69M-59.0%
P/E801×
P/S2.7×-2.1×

Profitability

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Gross margin70%+0.6pp
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×
Current ratio1.6×-1.5×

Where this comes from

Reported directly by Marqeta in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The source filing: Marqeta’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:53 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001522540-26-000038
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net revenue$165,798$139,073
Costs of revenue48,20640,394
Gross profit117,59298,679
Operating expenses:
Compensation and benefits78,01886,050
Technology18,09014,811
Depreciation and amortization8,8545,331
Professional services4,6315,695

Item 1. Condensed Consolidated Financial Statements:

FAQ

What is Marqeta's business segments — gross profit?
Marqeta (MQ) reported business segments — gross profit of $117.59M in Q1 2026.
How has Marqeta's business segments — gross profit changed year-over-year?
Marqeta's business segments — gross profit increased by 19.2% year-over-year, from $98.68M to $117.59M.
What is the long-term trend for Marqeta's business segments — gross profit?
Over 3 years (2022 to 2025), Marqeta's business segments — gross profit has grown at a 11.0% compound annual growth rate (CAGR), from $320M to $437.27M.
What does business segments — gross profit mean?
Calculated as net revenue minus the direct costs of revenue, representing the core profitability of the segment's operations. It indicates the segment's ability to generate value from its platform infrastructure after accounting for variable service costs.

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