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Marqeta MQ Operating Income

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Segments

By segment

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Reportable Segment$2.09M+111%

Other financials

Income statement

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Revenue$165.8M+19.2%
Gross profit$117.6M+19.2%
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:OperatingIncomeLoss.

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
Marketing and advertising1,160469
Other operating expenses3,5663,944
Total operating expenses115,498117,217
Income (loss) from operations2,094(18,538)
Other income, net5,93310,513
Income (loss) before income tax expense8,027(8,025)
Income tax expense193235
Net income (loss)$7,834$(8,260)

Item 1. Condensed Consolidated Financial Statements:

FAQ

What is Marqeta's operating income?
Marqeta (MQ) reported operating income of $2.09M in Q1 2026.
How has Marqeta's operating income changed year-over-year?
Marqeta's operating income increased by 111.3% year-over-year, from -$18.54M to $2.09M.
What is the long-term trend for Marqeta's operating income?
Over 4 years (2021 to 2025), Marqeta's operating income has grown at a -26.8% compound annual growth rate (CAGR), from -$162.01M to -$46.43M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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