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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	70%+0.6pp	69.4%+20.7pp	48.7%+6.0pp	42.8%-2.0pp
Operating margin	-7.4%-2.6pp	-4.8%+37.0pp	-41.9%-13.8pp	-28%+3.3pp
Net margin	-2.2%—	——	-33%-8.3pp	-24.7%+7.0pp
EBITDA margin	-3.1%-1.7pp	-1.4%+38.9pp	-40.3%-12.7pp	-27.5%+3.1pp
Free cash flow margin	25.7%+14.7pp	11%+8.0pp	3%—	——
Returns
Return on equity	-1.5%—	——	-16.4%-4.3pp	-12.1%—
Return on assets	-0.9%—	——	-13.3%-3.0pp	-10.3%+4.1pp
Efficiency
Asset turnover	0.4×+0.1×	0.3×-0.1×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	1.6×-1.7×	3.4×-0.8×	4.1×-2.0×	6.2×-1.4×
Quick ratio	1.6×-1.7×	3.4×-0.8×	4.1×-2.0×	6.2×-1.4×
Cash ratio	1.4×-1.2×	2.5×-0.4×	2.9×-1.3×	4.2×-1.1×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	$1.65-21.2%	$2.09-10.4%	$2.33-13.5%	$2.70-37.7%
Valuation
Market capitalization	$2.09B+9.8%	$1.9B-47.8%	$3.65B+9.5%	$3.33B-64.3%
Enterprise value	$1.08B+10.5%	$978.06M-63.3%	$2.67B+24.0%	$2.15B-73.4%
Price / sales	3.3×-0.4×	3.8×-1.6×	5.4×+0.9×	4.4×-13.6×
Price / book	2.7×+1.0×	1.8×-1.2×	2.9×+0.7×	2.3×-3.7×
EV / sales	1.7×-0.2×	1.9×-2.0×	3.9×+1.1×	2.9×-12.7×
Free cash flow yield	7.7%+4.8pp	2.9%+2.4pp	0.6%—	——
Earnings yield	-0.7%—	——	-6.1%-0.6pp	-5.6%-3.8pp

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.