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Marqeta MQ Operating margin

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3.9%
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17.9%-4.1pp
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Shift4 PaymentsFOUR
8.1%+0.5pp

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
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

Calculated from Marqeta’s reported figures.

Based on trailing twelve months.

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

Filed
May 5, 2026, 4:53 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001522540-26-000038

FAQ

What is Marqeta's operating margin?
Marqeta (MQ) reported operating margin of -4% in Q1 2026.
How has Marqeta's operating margin changed year-over-year?
Marqeta's operating margin decreased by 405.3% year-over-year, from 1.3% to -4%.
What is the long-term trend for Marqeta's operating margin?
Over 5 years (2020 to 2025), Marqeta's operating margin has grown at a -14.5% compound annual growth rate (CAGR), from -16.2% to -7.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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