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.

Marqeta MQ Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	70%0.0pp	70%-0.6pp	70.6%-0.1pp	70.7%+1.3pp	69.4%0.0pp
Operating margin	-4%+3.5pp	-7.4%+5.4pp	-12.8%+6.6pp	-19.4%-20.7pp	1.3%+6.1pp
Net margin	0.3%+2.6pp	-2.2%—	——	——	——
Returns
Return on equity	0.3%+1.8pp	-1.5%—	——	——	——
Efficiency
Asset turnover	0.5×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	1.6×0.0×	1.6×-0.2×	1.9×-0.9×	2.7×-0.4×	3.2×-0.2×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-194.1×—	——	——	——	-32×—
Per Share
Book value per share	$1.71+3.8%	$1.65-11.8%	$1.87+2.3%	$1.83-7.2%	$1.97-5.8%
Valuation
Market capitalization	$1.74B-16.6%	$2.09B-11.7%	$2.37B-12.1%	$2.69B+29.6%	$2.08B+9.1%
Price / earnings	803.6×—	——	——	——	——
Price / sales	2.7×-0.7×	3.3×-0.7×	4×-0.8×	4.9×+0.9×	3.9×+0.2×
Price / book	2.3×-0.4×	2.7×-0.1×	2.8×-0.4×	3.2×+1.1×	2.1×+0.3×
EV / EBITDA	162.5×—	——	——	——	47.6×—

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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.