Marqeta MQ Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 70%+0.6pp | 70%+0.6pp | 70.6%+1.8pp | 70.7%+2.9pp | 69.4%+13.1pp | |
| Operating margin | -4%-5.3pp | -7.4%-2.6pp | -12.8%-4.0pp | -19.4%-4.3pp | 1.3%+43.8pp | |
| Net margin | 0.3%— | -2.2%— | —— | —— | —— | |
| Returns | ||||||
| Return on equity | 0.3%— | -1.5%— | —— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.5×+0.1× | 0.4×+0.1× | 0.4×+0.1× | 0.4×+0.1× | 0.4×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.6×-1.5× | 1.6×-1.7× | 1.9×-1.8× | 2.7×-1.0× | 3.2×-0.8× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -194.1×-162× | —— | —— | —— | -32×— | |
| Per Share | ||||||
| Book value per share | $1.71-13.1% | $1.65-21.2% | $1.87-13.4% | $1.83-16.1% | $1.97-15.7% | |
| Valuation | ||||||
| Market capitalization | $1.74B-16.1% | $2.09B+9.8% | $2.37B-6.8% | $2.69B-5.1% | $2.08B-32.7% | |
| Price / earnings | 803.6×— | —— | —— | —— | —— | |
| Price / sales | 2.7×-1.3× | 3.3×-0.4× | 4×-1.2× | 4.9×-1.2× | 3.9×-1.4× | |
| Price / book | 2.3×+0.2× | 2.7×+1.0× | 2.8×+0.5× | 3.2×+0.7× | 2.1×-0.4× | |
| EV / EBITDA | 162.5×+115× | —— | —— | —— | 47.6×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Marqeta's profit margins?
- Marqeta (MQ) runs a 70.0% gross margin and a -4.0% operating margin, with a 0.3% net margin.
- Where do Marqeta's ratios come from?
- Every ratio is computed from Marqeta's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
