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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	0.8%-4.2pp	-3.1%-1.7pp	-8.7%-2.9pp	-15.4%-3.3pp	4.9%+45.4pp
Free cash flow margin	22.6%+10.3pp	25.7%+14.7pp	22.4%+12.7pp	9.5%—	12.4%—
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×
Quick ratio	1.6×-1.5×	1.6×-1.7×	1.9×-1.8×	2.7×-1.0×	3.2×-0.8×
Cash ratio	1.3×-1.0×	1.4×-1.2×	1.5×-1.1×	2.1×-0.7×	2.4×-0.5×
Leverage
Debt-to-equity	0×0.0×	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×	0×0.0×
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%
Enterprise value	$794.31M-36.1%	$1.08B+10.5%	$1.39B-15.7%	$1.96B+2.4%	$1.24B-41.3%
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 / sales	1.2×-1.1×	1.7×-0.2×	2.4×-1.0×	3.5×-0.5×	2.4×-1.3×
Free cash flow yield	8.5%+5.3pp	7.7%+4.8pp	5.6%+3.7pp	2%—	3.1%—

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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.